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India's medical tourism to hit $13.42B by 2026: Report

The Business Guardian

|

March 29, 2025

India's medical tourism industry is set to witness strong growth, with its market size projected to reach USD 13.42 billion by 2026, according to a report by Grant Thornton.

- TBG NETWORK NEW DELHI

India's medical tourism to hit $13.42B by 2026: Report

The sector's expansion is driven by India's cost advantage, growing hospital networks, rising investments, and increasing adoption of technology.

It said "Medical tourism is projected to reach USD 13.42 billion by 2026, further underlining the sector's strong growth prospects".

One of the major reasons behind India's emergence as a global healthcare hub is its affordability.

The country offers medical treatments at just 20-25 per cent of the cost in developed nations.

This cost-effectiveness, combined with high-quality healthcare services, attracts patients from across the world, strengthening India's position in the global medical tourism market.

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He said teachers tortured him a lot: Woman who saw school student before he died

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Unstructured clinical data opens fresh market for AI firms

The healthcare industry's vast pool of unstructured clinical data is fast emerging as a major market opportunity for companies building Artificial Intelligence (AI)-driven solutions, say experts and market watchers.

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LG, Amazon ink Wi-Fi patent licensing agreement

LG Electronics said it signed a patent licensing deal with Amazon for the use of its WiFi standard-essential patents, marking a significant step in the company's push to strengthen its position in global technology standards, as per a report by Pulse, the English service of Maeil Business News Korea.

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