Medical tourism to India could spike if global insurance firms cover treatments: Sangita Reddy

Sangita Reddy, a prominent industry leader, has suggested that India could see a significant rise in medical tourism if global insurance providers begin covering treatments for patients traveling abroad. She is advocating for the government to actively engage with these international firms to establish such coverage.
This shift would make Indian healthcare services more accessible to patients from Western countries, potentially boosting revenue for hospitals and related sectors. For investors, this represents a potential growth opportunity in the healthcare and tourism industries as the sector seeks to expand its global footprint.
Investors should monitor the government's response to these proposals and any new agreements formed with foreign insurers. A successful push for coverage could signal a major expansion for the sector, while a lack of progress may limit near-term gains.
Excerpt from BusinessLine
Urges the government to engage with international insurance companies, saying coverage for overseas treatment could attract more patients from Western countries. Once insurance companies start covering treatment expenses for foreign patients coming to India, medical tourism numbers could shoot up exponentially, a top…Read the original at BusinessLine
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