Corporate Hospitals say medical tourism to touch pre-Covid levels by H2FY23

From nil revenues, it has already climbed back to 50% of pre-pandemic levels

Corporate hospital chains feel that medical tourism as a source of revenue would inch back to pre-pandemic levels by the second quarter of FY23.

Medical tourism accounted for roughly 10 per cent of the consolidated turnovers of large network hospitals, and this segment had completely frozen during the pandemic with international travel curbs.

Green shoots are, however, visible now.

According to Ashutosh Raghuvanshi, MD & CEO, Fortis Healthcare, “In the third quarter (Q3FY22), there was a recovery in medical tourism on a comparative basis, but if you really analyse the numbers, it has still not come back to pre-Covid levels.