As health care costs are rapidly increasing, the patients in the countries like U.S.A., Europe, Middle East, Canada, Japan, Europe, UK and Australia etc. are constantly looking out for overseas for medical treatment and with India’s top-end, state-of-the-art healthcare facilities providing world-class healthcare at just a small fraction (between one-fifth to one tenth) of the cost else where, India is emerging as one of being the most economical health Medicare destinations with a high percentage of enormous medical healthcare cost savings.
The total price of overseas medical healthcare travel tour package inclusive of healthcare procedure cost, medical tests, hospital inpatient care, a stay in air conditioned private single room at hospital clinic as inpatient, doctors and surgeons fee, all medical surgery consultations charges, nursing care, surgery treatment fees, operation suite- theatre cost, medicines- drugs and procedure consumables, medical tests- investigations, pre and post procedure accommodation at luxury Hotel, personal assistance services- escort, comfortable recuperation, Private car transfers, travel and sight-seeing tours costs can be 60% - 90% cheaper than the procedure alone costs (for the same procedure) one may find in the above-mentioned countries. Thus international patients pay less for world-class healthcare services, visit India (combine and enjoy family vacations / holidays / leisure travel) and at the same time can manage a big saving on health care costs by paying only a small fraction of private medical health care cost of surgery treatment in comparison to same medical surgery procedure in their home countries.
India, ranking very high in the list of developing countries has a vast pool of the best qualified and experienced medical/ technical / Para-medical professionals, healthcare technologies and world class institutions but the costs towards healthcare services and medical healthcare products have stayed at a extremely low-levels.
Significant cost differences exist between U.K. and India when it comes to medical treatment. Accompanied with the cost are waiting times which exist in U.K. for patients which range from three months to over 10 months.
India is not only cheaper but the waiting time is almost nil. This is due to the outburst of the private sector which is comprised of hospitals and clinics with the latest technology and best practitioners.
These costs are an average and may not be the actual cost to be incurred.
Doctors are required to pay towards Medical Malpractice Insurance, elsewhere this Insurance usually costs USD 90,000 - 1,40,000 annually whereas in comparison, doctors in India have to pay insurance cost as low as USD 2500 - 3000 annually.
India is the world's largest exporter of the quality Bulk Drugs therefore so the cost of the high quality medicine is cheaper, so outsourcing medical health care is economical.
Most of the surgeons and doctors in India have graduated from top medical school, universities of North America-USA, Canada, UK, Europe, Australia and have vast overseas healthcare experience and training from hospitals and clinical research facilities abroad in the critical surgeries, life saving and inexpensive elective medical health care procedures they perform. Health care services in India are always provided by well-trained doctors, with superior health care know-how and experience.
Surgery cost in India is quite minimal when compared to other countries around the globe. India boasts of a good number of quality doctors and well-equipped hospitals to offer the best of treatments to medical patients. From neighboring countries to other developed nations, there are many international patients traveling to India for world-class medical treatments that come at a fraction of what they generally cost.
Be it Cardiac, Neuro, Spine or Cosmetic surgery, India is the place to visit when it comes to medical tours. The surgeries are performed by experienced surgeons with all the modern equipments yet at lower prices compared to the other countries in the west.
Apollo gives you the best option to undergo world-class treatment at a fraction of the normal cost. Besides, low surgery cost in India is the main attraction for international patients.
In US the bypass surgeries cost $15,000 - $40,000 whereas the cost of bypass surgery in India is quite low. Knee joint replacement cost in India is around $5,000 in comparison to countries like the UK where the same surgery costs around $15,000. These examples are sure to give a general idea of surgery cost in India.
The American Medical Association has made a cost comparison study of healthcare in different countries. According to the statistics released by AMA, a knee replacement surgery would cost $40,000 in US, $10,000 in Thailand and $13,000 in Singapore, while the same surgery would cost the person $8500 in India. That gives India a certain edge when it comes to reasonable medical treatments. In addition, Indian doctors are renowned all over the world for their prowess and skills.
A heart valve replacement surgery would cost the patients $200,000 in the US and $90,000 in Britain while it would cost $12,500 in Singapore and $10,000 in Thailand. The same procedure in India would cost only $8,000. While a bone marrow transplant would cost $30,000 in India, in US it would cost anywhere between $250,000-$400,000 while in UK the cost would be of the order of $150,000. Doctors in Thailand would charge $3,500 for cosmetic surgery while those in US and UK would charge $20,000 and $10,000, respectively. But in India, it costs only $2000. No matter what procedure you undergo, you are sure to save 75% to 95% of healthcare costs. Besides, India is a great place to explore with rich heritage, architecture and culture.
Although costs in European countries such as Germany and Belgium may be less than that in the United States, but Europe is still more expensive than India. In fact, the data of AMA shows that India is the least expensive when compared to European as well as other Asian countries. Apart from the cost benefit, you will have the same sophistication in healthcare in India as available in any western country. Case Study:This UK patient avoided the NHS list and flew to India for a heart bypass. Is health tourism the future? Three months ago George Marshall fretted about the choice offered by his doctor in Britain. Diagnosed with coronary heart disease, the violin repairer from Bradford was told he could either wait up to six months for a heart bypass operation on the National Health Service or pay £19,000 to go under the scalpel immediately.
In the end, Mr Marshall chose to outsource his operation to India. Last month he flew 5,000 miles to the southern Indian city of Bangalore where surgeons at the Wockhardt hospital and heart institute took a piece of vein from his arm to repair the thinning arteries of his heart. The cost was £4,800, including the flight. "Everyone's been really great here. I have been in the NHS and gone private in Britain in the past, but I can say that the care and facilities in India are easily comparable," says Mr Marshall, sitting in hospital-blue pyjamas. "I'd have no problem coming again."
The 73-year-old found the hospital in Bangalore after a few hours surfing the internet. Mr Marshall decided to come after an email conversation with Wockhardt's vice-president and a chat with other "medical tourists" from Britain who had undergone surgery in the hospital.
"Once I knew others had come I thought, why not? In Europe hospitals in Germany and Belgium would do the operation for less than doctors in Britain. But Europe was still more expensive than here. And the staff speak English in India."
With patients such as Mr Marshall willing to travel across the globe to get treatment sooner or more cheaply than they could at home, Indian hospital groups see a huge market for their services.