COVID- 19 proves fatal for the Medical Tourism Industry

Foundation of Healthcare & Wellness Promotion had a meeting to discuss the amidst the travel breakdown in the world and with no foreseen resolution to COVID 19 fears, the Medical Travel Industry of India comes to a standstill, at least for next few months. Medical Value Travel, which includes Patients Traveling to India for Treatment both in Modern Medicine and AYUSH sector, is estimated to be USD 3 bn market for India. Thought leaders of the industry were part of the meeting like Shinon Global, eExpedise Healthcare, Magnus Medi and HBG Medical Assistance to name a few.

 

Dalip Chopra, President of Foundation of Healthcare and Promotion, India, said, “There are many medical tourism players who have brought India to top of the world medical tourism map, unfortunately, today they stare at dark future”.

 

Amit Sharma, Founder, and CEO of expertise Healthcare said, “The fiscal damage to the MVT industry due to the novel Corona is estimated at almost 2.5 billion dollars if the corona conditions persist across the world for 6 months. This is equivalent to the revenue we would have generated over eight months if our business had progressed at the usual pace, without the unusual disruption caused by COVID-19. Most of this amount would have gone towards salaries and maintenance of our international offices, that generate patient flow to India”.

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