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Medical Tourism Business Feasibility Study Report(BFSR) 19,999.00 instock
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Medical Tourism Business Modelling(BM) 4,999.00 instock
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Medical Tourism Business Plans(BP) 59,999.00 instock
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Medical Tourism Detailed Project Report(DPR) 49,999.00 instock
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Medical Tourism Business Feasibility Study Report(BFSR) + Project Report(PR) 62,999.00 instock
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Medical Tourism Business Feasibility Study Report(BFSR) + Business Plans(BP) 71,999.00 instock
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Description

Technology has eased the developments in most of the business operations, and medical tourism is no exception.

Medical tourism is the business which provides services like outdoor medical treatments, therapies, rehabilitation with some companion services like traveling and stay. It has a broad target market of the people who travel to another region to experience medical practice or treatment. Traveling around the world for exploring medical treatments is a growing phenomenon all over the world, and this made the medical tourism industry popular globally.

Globally, India is on lead in promoting the medical tourism industry, with great services and facilities. E-diagnosis and E-consultations could help inform potential patients about the available options before they travel. Advantages of this business to the customers are the low cost of treatment, the availability, advanced medical technologies, and improving regulatory compliance with the international quality standards. There are several existing medical tourism businesses, here is the list of Popular Medical Tourism Destinations – Chennai, Mumbai, New Delhi, Goa, Bangalore, Ahmadabad, Coimbatore, Vellore, Alleppey, Hyderabad, etc.

The Ministry of Tourism has drafted some guidelines for medical tourism business; which will solve issues related availability of quality material, training for improving the services, participation in international and domestic healthcare/ wellness events, etc. Therefore, there is a lot of potential for this business in the future. The Government of India offers excellent opportunities for developing medical tourism such as the National Health Policy and Market Development Assistance Scheme. As the market is emerging, India’s medical tourism sector is showing considerable growth which is $4.5 billion, and it is projected to increase to $8.2-9 billion by 2025.

Types of Medical Tourism available in the market are Outbound Medical Tourism, Inbound Medical Tourism, Intrawound or Domestic Tourism.

Development of medical tourism in the country has given rise to the importance of quality services. New technologies could help medical tourists in personal health apps to 3D printing. The growth of technology, economy, and other global relations plays a notable role in developing the future of medical traveling and tourism sector.

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Additional information

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Business Feasibility Study Report(BFSR), Business Modelling(BM), Business Plans(BP), Detailed Project Report(DPR), Business Feasibility Study Report(BFSR) + Project Report(PR), Business Feasibility Study Report(BFSR) + Business Plans(BP)

Business Feasibility Study Report

This report examines the viability and probability of the project. The applications of this report are to help understanding if the project will become successful or not. This feasibility report will give an idea about how “Medical Tourism Business” should resolve the long-term works and financial risks. It is also helpful in recognizing potential cash flow for the “Medical Tourism Business”. When it comes to the operational aspect, the analysis defines whether the plan has the necessary resources or not. Additionally, it gives information about the trends, present-future market, and analyzes the expected growth of the HealthTech industry sector.

The feasibility study should be carried out during the discussion phase of the business development cycle earlier to the initiation of a formal business plan.

Report Highlighting Point:

  1. Business Feasibility: Study of Micro and Macro elements of the Business.
  2. Market feasibility: Includes Market Insights, Market Potential for the Product and/or Services, etc.
  3. Technical and Financial Feasibility: List of Plant Machineries/ Equipment, Laboratory Setup, Calculations on Operating Cost, ROI and BEP.
  4. HR and Infrastructural Feasibility: Location, Building, Utilities, Manpower Requirement, etc.

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Business Modelling

Business Modelling is one of the most essential and differentiating steps of Business Planning. This report enlists the most sustainable, potential, profitable business models for “Medical Tourism Business”, and it will explain those models one by one in a simplified manner. The Business Model on “Medical Tourism Business” represents how the business will create, deliver and capture value for itself as well as the customer. It includes several components like the value proposition, group of target customers, identification of competitors, how the company will develop a competitive advantage and strategies.

The business model will give answers to the following questions: From which operations “Medical Tourism Business” will make revenues? Which business model is suitable to set up the “Medical Tourism Business”?

Report Highlighting Point:

  1. Business and Concept
  2. Market Research and Analysis
  3. Feasible Business Models
  4. Budget Calculation for Each Model

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Business Plan

Whether you are starting or expanding an existing “Medical Tourism Business”, this business plan is an essential document to guide you through the process. It is a roadmap to success, providing greater accuracy on all aspects of business, from designing, operating service to marketing and finance.

Many business experts acknowledge that having a great business idea is not enough. Even great business idea could be of no use if can’t get executed or implemented strategically. These are the reasons why a well-analyzed business plan is required to get off the ground.

A good business plan can go a long way and help reduce the odds of failure. It serves as a road map that provides direction to the business.

Here are four reasons why a business needs a business plan,

1) To raise money for business

2) To make major decisions

3) To identify potential weaknesses

4) To communicate ideas with stakeholders

Report Highlighting Point:

  1. Elevator Pitch
  2. Business Overview:  Market Dynamics, Market Size, Market Potential, Strategic Analysis using Porter’s Model, PESTLE Analysis, SWOT Analysis, BCG, ETOP Analysis, etc.
  3. Project Details: Company Description, Goal Setting, Legal Requirements, Production Process, Logistic and SCM, Sales and Marketing Plan, etc.
  4. Financial Analysis: Includes Capital Budgeting, P&L Statement, Balance Sheet, etc.
  5. Business Projections over 5 years
  6. Milestone and Timeline Planning.

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Detailed Project Report

This report is a document on “Medical Tourism Business” in which we have analyzed all the information related to technical aspects, financial aspects, profitability, and economic aspects, etc. It is a document which will help in the investment proposal based on accurate information and data for estimating the purpose of the project.

This report is like a detailed roadmap for activities related to “Medical Tourism Business”. It represents the superintendence in which the “Medical Tourism Business” should operate and how it will achieve the goals. The importance of this report is as follows;

1) Serves as a Master Plan

2) Describes the Direction / Road Map

3) Shows Feasibility

4) Forecasts Requirements

5) Indicates Profitability

6) Helps in Decision Making

Report Highlighting Point:

  1. Project Details: Pre-requisites, Project Implementation Plan, Mech-Structural Plan, Sales and Marketing Plan, Manufacturing Process Flow Chart, Personnel Requirement.
  2. Financial Analysis (5 years): Capital Budgeting, Financial Ratios, etc.

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