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Cost Comparison

Indians, Non Resident Indians (NRIs), People of Indian Origin (PIO) and tourists all over the world are beginning to realize the potential of modern and effectiveness of alternate systems of medicine. Indian hospitals and medical establishments now realized the potential of this niche market and have begun to tailor their services for foreign visitors. At a regional geo-political level, this nascent industry came to limelight with the arrival of 'Baby Noor' from Pakistan, who came by the Indo-Pak bus service and got a red-carpet treatment at hospital in Bangalore. Visitors, especially from the west, the middle-east and Africa find Indian hospitals a very affordable and viable option to grappling with insurance and National medical systems in their native countries. The concept of combining r treatments with a visit to the 'exotic east' with families, killing two birds with one stone is attaining popularity.

With internationally recognized healthcare professionals, accredited hospitals, holistic medicinal services and low cost treatment, India attracts over one million health travelers every year. The country offers a unique mix of indigenous systems such as yoga, ayurveda and meditation and western medicinal systems like allopathy. This, along with world class experts and the cost advantage, can help attract over a million patients and earn $5 billion every year.

A dental implant will cost at least 75 percent less in India, MRI will cost about $60 in India compared to $700,and an open-heart surgery will cost just $4500 in India as compared to $18000, Crano-facial surgery or a hip replacement costs about $4300 in an Indian hospital while it may cost $13000, a heart surgery costs $6000 in India and is $30,000 when we compare the costs in India and USA. Similarly, a bone marrow transplant costs $26,000 in India compared to $250,000 in the US.

The cost differentials coupled with high quality services makes India one of the prime destination for medical travel.

Cost Comparisons for selected medical Interventions.

The Comparative Costs between India and other developed countries like US, UK, and Singapore - Approximate Figures In US Dollars.

  US $ UK (Private) $ SINGAPORE $ INDIA $
Bone Marrow Transplant upto 200,000 upto 200,000 - upto
25,000
Bypass Surgery 35,000 25,000 - 6,000
Breast Lump Removal - 3,200 1,000 700
Haemorrhoidectomy - 3,800 1,500 1000
Knee Joint Replacement - 15,000 7,000 5,000
Lasik Surgery 4,000 2,800 1,600 700
No Stitch Cataract Surgery 4,500 2,600 - 700
In-vitro fertilisation (IVF) cycle 15,000 - - 1,800
Hernia Correction 2,800 2,700 2,500 1,000
Dental Implants 3500 2800 1600 800

* These rates are indicative of approximate costs. The actual rates will vary on case to case basis.

Amongst all global medical tourism destinations, India undoubtedly offers the best to the world in terms of quality, cost and care. Reputed Indian hospitals now have the latest cutting edge technology and world class doctors. The flow of overseas patients to India is growing every year at a healthy pace.

Find below is a Comparison of indicative costs in India versus some other Asian Medical Tourism destinations.

Country United States India Thailand Singapore Malaysia Panama South Korea Taiwan
Procedures
Coronary artery bypass surgery $70,000-
133,000
$7,000 $22,000 $16,300 $12,000 $10,500 $31,750 $27,500
Bypass surgery with heart valve replacement $75,000-
140,000
$9,500 $25,000 $22,000 $13,400 $13,500 $42,000 $30,000
Hip replacement $33,000-
57,000
$7,200 $12,700 $12,000 $7,500 $5,500 $10,600 $8,800
Knee replacement $30,000-
53,000
$7,200 $11,500 $9,600 $12,000 $7,000 $11,800 $10,000
Prostate surgery (TURP procedure) $10,000-
16,000
$3,600 $4,400 $5,300 $4,600 $3,200 $3,150 $2,750
Gastric bypass $35,000-
52,000
$9,300 $13,000 $16,500 $12,700 $8,500 $9,300 $10,200
Face-lift $10,500-
16,000
$4,800 $5,000 $7,500 $6,400 $2,500 $6,650 $8,500
Note: U.S. charges are list prices. Physician and certain other fees are generally excluded. Prices at non-U.S. hospitals are all-inclusive other than for Panama, which does not include surgeon’s fee. Only data from Joint Commission International accredited hospitals considered.
Source : US News & World Report, May 12, 2008;