India's medical tourism industry expected to reach USD18 billion by 2027: Report

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Healthcare & Lifesciences

India's medical tourism industry expected to reach usd18 billion by 2027: report

19 Mar 2025

1 min read

India's medical tourism industry is on a strong growth path, with projections indicating that the market will reach USD18 billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 19 per cent, a new report said on Tuesday. The country has become a preferred destination for international patients, offering world-class healthcare services at significantly lower costs than Western nations.

In recent years, India has positioned itself as a global hub for medical tourism, attracting patients seeking top-tier medical treatments along with the opportunity to experience the country's rich cultural heritage. According to Praxis Global Alliance, a global consulting firm, the industry has witnessed rapid expansion, with the market valued at USD7 billion in 2022.

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India's medical tourism industry expected to reach USD18 billion by 2027: Report | PraxisGA