If global health insurers start providing health insurance cover for medical tourism in India, the numbers could shoot up exponentially., according to Ms Sangita Reddy Joint Managing Director of Apollo Hospitals.
Ms Reddy was speaking with news agency Press Trust of India (PTI) on the sidelines of Garmin Health Summit in Bangkok recently. She said, "Global insurance companies enabling international usage automatically and encouraging it, will help patients save a lot of money."
Ms Reddy said, “If the global insurers start covering, then you will see a large segment of the Western world coming here to India." She said, "We already have a significant number of NRIs coming in. It is a win-win for all sides."
According to official figures, as quoted in a news report in the Telegraph newspaper, the global medical travel market was valued at around $115.6bn in 2022 and is projected to reach around $286.1bn by 2030.
The news report said India has emerged as one of the most significant destinations in this evolving global landscape. Industry estimates place the medical tourism market around $8.7bn in 2025, with projections of $16.2bn by 2030, as per government figures.