Hyderabad is one of those cities that is always on wheels. The city is constantly welcoming new and innovative business ideas, making the region competitive along with a great business potential region for investors.
The ever-rising nature of Indian health and wellness market is reshaping the country in a positive manner by making it a great hub for job and business opportunities. Additionally, the rapidly booming health and wellness sector has given rise to various sub-sectors that are assumed to do great in the current time and future.
Medical tourism business is one such sector that has gained exponential popularity due to the rising health and wellness demand in the country. Additionally, as India is successfully attracting hundreds of thousands of new foreign tourists every year, a city like Hyderabad becomes a lucrative region for setting up a medical tourism business which is already on the radar of foreign tourists.
Statistics for Foreign Tourists Visiting Hyderabad
According to reports, Hyderabad saw a large number of foreign tourists in 2017, accounting a total of more than 2.47 lakh foreign visitors alone. The spike in numbers is still significant, with a jump of about 85,000 visitors compared to 2016, and about 1, 25,000 visitors compared to 2015.
The current medical tourism industry in India is estimated to be worth $3 billion and is expected to grow by another $4 - $5 billion in the next three years.
Making Quality Medical Services Cheaper
India along with cities like Hyderabad and more are seeing tourists that are flocking to India for the superlative medical treatment. Hyderabad is a big hub for medical professionals and organizations that are continuously serving to the betterment of the Indian healthcare industry.
Being a region that welcomes foreign tourists every now and then, Hyderabad can be the best location for starting a medical tourism business in India. Hyderabad carries the potential for becoming a top-notch medical tourism destination where healthcare experts could provide quality treatment at the most affordable cost.
Reasons Why Hyderabad Can Be the Next Medical Tourism Region
Being the fastest growing medical destination globally, India is offering numerous business opportunities for seekers. Cities like Hyderabad can utilize this opportunity for emerging as one major city for foreign tourists, dealing with the quality medical treatments at reasonable costing.
Mentioned below are a few factors that could attain Indian healthcare business owners’ success by starting a medical tourism business in Hyderabad.
o Low-cost & quality treatment as compared to other countries like the United States and the United Kingdom.
o It’s easy to get visas for medical purposes.
o Despite being a developing country, India through cities like Hyderabad is and can provide world-class and standardized medical services.
Those who want to start their own business or take up franchisees can join the FRO 2019, happening in Hyderabad on 9-10 March, to learn more about the franchise business, financial advice, and business advice from the experts. Meet the investors personally and participate to bring about a positive change in the small world of business.
