1 week ago

India’s Medical Tourism Startups Grow Despite Limited Venture Funding

India’s Medical Tourism Startups Grow Despite Limited Venture Funding
Medical tourism startups await their funding cure · financialexpress.com

Some companies help people travel to India for medical treatment.

They help patients choose hospitals, meet doctors and arrange visas, flights, hotels and care after treatment.

Patients come from many countries because treatment in India can cost much less.

Long waiting times in places such as the United Kingdom are also encouraging some people to look abroad.

Several startups say their businesses are growing quickly.

However, investors have provided only a small amount of funding to the whole sector.

Experts say these companies mostly provide services rather than building hospitals or other large assets.

That may make it harder for them to become very large businesses.

Some experts think they could eventually earn more from follow-up care or be bought by hospitals.

Key facts

Startups in India
122 medical-tourism startups, according to Tracxn.
Sector funding
$9.28 million raised across 18 funding rounds.
Foreign arrivals
More than 640,000 foreign medical arrivals in 2024; provisional 2025 numbers had already exceeded 500,000.
Market forecast
Mordor Intelligence estimates a $12.3 billion market in 2026, potentially exceeding $22 billion by 2031.
Government estimate
The government estimates $8.7 billion in 2025, rising to $16.2 billion by 2030.
Visa access
India has expanded e-Medical Visas to citizens of 167 countries.
Vaidam Health activity
About 18,000 inquiries and more than 500 patients served globally each month.
CureMeAbroad activity
More than 21,500 monthly users and $5 million in annual recurring revenue.

Quotes

Pankaj Chandna

Co-founder of Vaidam Health

“There is limited asset creation being done. It is more of a service business that is dependent on intermediaries, which could be an impediment to value creation beyond a certain scale”
financialexpress.com
“Our overall revenue has grown as we have increasingly focused on high-ticket and complex cases rather than patient volumes alone”
financialexpress.com

Sources

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