/ -- Mr. Suresh Prabhu, Minister of Commerce and Industry, Government of India, today said that government is committed to providing quality health care within the country and outside through promoting the service sector. Speaking via video conferencing at the 'Advantage Health Care - India 2018' (4th International Summit on Medical Value Travel) organised by FICCI jointly with the Department of Commerce, Ministry of Commerce & Industry, Government of India, Mr Prabhu said, "We have set aside almost Rs. 5,000 Cr or approximately 700 million dollars for enhancing the overall services sector including healthcare."
'FICCI-EY Knowledge Paper on Medical Tourism in India': Key takeaways of the report:
2. The largest disease burden comes from cardiovascular diseases which accounts for 14-15% of the total. This is followed by cancers, mental and neurological disorders, new born complications and other NCDs. Diarrhea and other infectious disease also account for 10%
3. MVT is a burgeoning multi-billion dollar industry and likely to grow higher due to many bene?ts o?ered to patients
4. 95% of the medical travelers from Africa prefer travelling to Asia for medical treatments. A high-quality treatment at lower healthcare costs coupled with the possibility to travel to exotic places made Asia the preferred region for foreign medical travelers
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6. Countries like Costa Rica, Mexico, Barbados and Antigua are expanding their services faster thus attracting patients from North America and Europe. The UAE is also developing itself as MVT hub by promoting developments in Dubai. Huge amounts of investment have been made in Dubai by the government, as it envisages itself as the medical hub in coming years
About Federation of Indian Chambers of Commerce & Industry (FICCI):