As for the domestic market is concerned we have evolved a plan which is having its onus on the products in demand and creating a supply chain network which has a wide coverage in terms of demography and doctors. We intend to increase the product line in various other specialties to have a good cover over the domestic market.
In our approach towards the international market we concentrate in the African market which has a huge potential in terms of the pharma industry. Our thorough knowledge in the industry has given us immense confidence that we would be able to considerably penetrate the African market at ease and capitalize in tapping the potential at the right time with right set of product line.
Medical tourism is considered to be an industry which shows a lot of promise of growth in India. As per a study released in October 2015, India's medical tourism sector is estimated to be around US$3 billion and is projected to grow to $7-8 billion by 2020.The primary reason that attracts medical value travel to India is cost-effectiveness, and treatment from accredited facilities at par with developed countries at much lower cost. The Medical Tourism Market Report: 2015 found that India was "one of the lowest cost and highest quality of all medical tourism destinations, it offers wide variety of procedures at about one-tenth the cost of similar procedures in the United States.
In 2013, 238,000 foreign patients traveled to India to seek medical treatment. Traditionally, the United States and the United Kingdom have been the largest source countries for medical tourism to India. However, according to a CII-Grant Thornton report released in October 2015, Bangladeshis and Afghans accounted for 34% of foreign patients, the maximum share, primarily due to their close proximity with India and poor healthcare infrastructure. Russia and the Commonwealth of Independent States (CIS) accounted for 30% share of foreign medical tourist arrivals. Other major sources of patients include Africa and the Middle East, particularly the Persian Gulf countries. In 2015, India became the top destination for Russians seeking medical treatment. Chennai, Mumbai, Andhra Pradesh and the National Capital Region received the highest number of foreign patients.
Indian treatment standards are equivalent to the best standards in the world but the treatment costs in India start at around one-tenth of the price of comparable in the United States or the United Kingdom. The most popular treatments sought in India by medical tourists are alternative medicine, bone-marrow transplant, cardiac bypass, eye surgery and hip replacement. India is known in particular for heart surgery, hip resurfacing and other areas of advanced medicine.
Quality of care
We at Bionisa Lifesciences (P) Ltd have tied up with prestigious institutions for providing quality health care. Fortis group of hospitals ( email@example.com ) and Max Healthcare, New Delhi (www.maxhealthcare.in) are our associates in providing affordable and quality treatment
Every patient most importantly needs to find the best Doctor-Hospital combination. Patient have the option of either recuperating in the hospital or at a paid accommodation nearby. Many hospitals also give the option of continuing the treatment through telemedicine. The city has a rough estimate of 12,500 hospital beds, of which only 50%is used by the city's population with the rest being shared by patients from other states of the country and foreigners. Dental clinics have attracted dental care tourism to Chennai
Ease of travel
The government has removed visa restrictions on tourist visas that required a two-month gap between consecutive visits for people from Gulf countries which is likely to boost medical tourism. A visa-on-arrival scheme for tourists from select countries has been instituted which allows foreign nationals to stay in India for 30 days for medical reasons.
Despite India's diversity of languages, English is an official language and is widely spoken. In NewDelhi & Chennai., which is fast emerging as a hotspot for medical tourism, a number of hospitals have hired language translators to make patients from Balkan and African countries feel more comfortable while at the same time helping in the facilitation of their treatment.