Leading corporate hospital chain Fortis Healthcare is looking at garnering 10 percent of its revenues from the lucrative medical tourism over the next three years as per a PTI report.
"I would expect that it will be in higher single digits or 10 percent," Fortis Chief Executive, domestic operations, Aditya Vij told media when asked about the company's plans for medical tourism. Vij said that medical tourism at present constitutes 7 percent of the revenues of the billionaire brothers Malvinder and Shivinder Singh-promoted company.
He stressed that the share of medical tourism will increase even as it targets to continue to grow at 30 percent annually during the next three years. Medical tourism typically denotes serving overseas patients looking for cheaper treatment options or better infrastructure. Factors like the falling rupee observed recently are bound to make the business more profitable.
Vij said apart from the developed countries, Fortis will be looking at getting patients from Afghanistan, the Middle East and Africa. However, he added that though the revenue share from medical tourism will go up, the company's focus will be the domestic market.