Tuesday, October 10, 2017
Advantage Healthcare India 2017 - Global Medical Value Travel Summit in Bengaluru from Oct 12-14
Advantage Healthcare India 2017(www.ahcindia.in), the third international summit on medical value travel (medical tourism) jointly organized by FICCI, Dept. of Commerce, Ministry of Commerce & Industry, Govt. of India, and Service Export Promotion Council (SEPC), will be held at Bengaluru from October 12-14, 2017.
Priyank Kharge, Minister - IT, BT & Tourism, Government of Karnataka, Rita Teaotia, Secretary, Dept. of Commerce, Ministry of Commerce & Industry, Government of India and Sudhanshu Pandey - Joint Secretary – Department of Commerce, Ministry of Commerce & Industry, Government of India, among other dignitaries, will launch the mega event.
Advantage Healthcare India 2017 is meant to promote India as a premier global healthcare destination and enable streamlined healthcare services exports. Over 70 countries and 600 hosted buyers from Africa, Middle East, Europe, US, UK, and Asia (including SAARC) would participate at the event, with thousands of international and national business visitors.
Speaking on the build-up to the summit, Sudhanshu Pandey - Joint Secretary - DoC, Ministry of Commerce & Industry, GoI said: “The Medical Value Travel sector has picked up in last two decades and is now gathering steam as a much more organized activity, with a lot of emphasis from the government. The sector has shown promising growth in double digits, and the future looks promising. I am happy that India's professional competence is serving the global health needs admirably and reducing sufferings of millions of people.”
Bhavdeep Singh, Chair – FICCI Medical Value Travel Committee & CEO - Fortis Healthcare, said: “It is worth noting that the medical value travel landscape in India and Asia is continually evolving as price no longer remains the only important consideration; focus has now shifted to diversity in offerings, quality of clinical care, and niche medical offerings. Through this Summit, we would like to discuss these issues, that will bring-in the right impetus for policy change to provide a paradigm shift for further development of the sector.”
Medical value travel (MVT) has emerged as one of the fastest growing segments of Indian tourism industry. According to a FICCI-IMS report, over 500,000 foreign patients seek treatment in India each year, making the country a key medical tourism destination in Asia. However, coordinated efforts are required by key stakeholders to turn India into “The Provider to the World” and accelerate MVT growth from the existing 15% to 25%. Foreign patients mostly come to India for heart surgery, knee transplant, cosmetic surgery and dental care, as the cost of treatment here is considered the lowest in Asia, much lower than Thailand, Indonesia, Singapore and Hong Kong.
Panel discussions during the summit include --- AYUSH: The Indian System of Medicine for Healing and Rejuvenation, Clinical Excellence in Medical Care: Destination India, Leveraging Technology for Diagnosis, Treatment & Aftercare, Health Insurance – A Key Enabler for high - end Tertiary Care and Karnataka : An Emerging Destination for Medical Value Travel.
Advantage Healthcare India 2017, spread across three days, will have more than 40 speakers, 600 hosted buyers and over 1,000 business visitors. The exhibition will host more than 160 exhibitors to showcase medical services and expertise. Thousands of reverse buyer-seller meetings will offer opportunities for tie-ups with Indian hospitals and healthcare centers for medical tourism.
In addition, the event will showcase India’s medical devices sector to encourage foreign companies to start manufacturing locally with Indian partners.
A key highlight of the event will be Medical Value Travel Awards 2017 which will recognize and showcase innovations that have helped promote India as a premier medical travel destination.
A Knowledge Paper on Indian Medical Value Travel on the theme ‘Indian MVT- a value driven and patient centric initiative’ highlighting the progress made on focus areas, which were identified for accelerated growth of MVT in India, and the next steps would be released during the Summit.
Participants at Advantage Healthcare India 2017 would include international hospitals, government organizations, insurance firms, medical tourism organizations, global medical associations, medical journalists, doctors, and investors.