Browsing by Author "Ahire, Manoj Popatrao"
Now showing 1 - 3 of 3
Results Per Page
Sort Options
- Forecasting and estimation of medical tourism demand in IndiaPublication . Ahire, Manoj Popatrao; Fernandes, Paula Odete; Teixeira, João PauloThe paper deals with India’s Medical tourism analysis and forecasting, apply-ing two time series forecasting models, for monthly data spreading over 2014 to 2017. Medical tourism worldwide and particularly in India is on rise. Fig-ures of medical tourist arrivals in India for 2014, 2015 and 2016 denotes a significant growth. Several measures have been taken by the Government to attract medical tourists to the country. This study was undertaken to analyse the growth trends in medical tourism in India over a period of last four years and to forecast the medical tourist arrivals over the next couple of years us-ing the ARIMA method for trend projection. The paper discusses these trends and the application of the model. The projections show a great poten-tial for the country to earn valuable foreign exchange through medical tour-ism. India has a huge cost and expertise advantage which if leveraged through proper publicity can make it one of the leading medical tourist des-tinations in the days to come. It is suggested that the authorities should take efforts in this direction with aggressive publicity policies.
- India medical tourism analysis and forecastingPublication . Ahire, Manoj Popatrao; Fernandes, Paula O.; Teixeira, João PauloMedical tourism worldwide and in India is on rise. Figures of medical tourism arrivals in India for 2014, 2015 & 2016 suggest of a significant growth. The medical tourism nowadays in India is a leading player in the medical tourist/healthcare facilitation industry. It is increasingly emerging as the destination of choice for a wide range of medical procedures. There are numerous advantages of going to India for treatment. A number of actions have been taken by the Government to attract medical tourists to the country. This study was undertaken to analyse the growth trends in medical tourism in India over a period of 2014-2017 and also to project the medical tourism arrivals over the next couple of years using the sophisticated ARIMA method of trend projection. A major rise in tourist arrivals was noted in the year 2016 when the number of Medical Tourism Arrivals (MTA) shot up from 234 thousand in 2015 to 427 thousand in the year 2016. This was a rise of 83% over the last years and changed tendencies for the projections for the years to come. The made forecast for medical tourism arrivals in India for the years 2018-2020 is encouraging. The projections show a great potential for the country to earn valuable foreign exchange through medical tourism. The average figure of the forecast is 662 thousand tourists in 2018 and 791 thousand tourists in 2019 and 925 thousand tourists in 2020. India has a huge cost and expertise advantage which if leveraged through proper publicity can make it one of the leading medical tourism destinations in the days to come. The Government should step-up its efforts in this direction with aggressive publicity policies.
- India’s medical tourism analysis and forecastingPublication . Ahire, Manoj Popatrao; Fernandes, Paula Odete; Teixeira, João PauloThe paper deals with India Medical tourism analysis and forecasting, applying an assortment of time series forecasting models, for monthly data spreading over 2014 to 2018. Medical tourism worldwide and in India is on rise. Figures of medical tourist arrivals in India for 2014, 2015 and 2016 suggest of a significant growth. A number of measures have been taken by the Government to attract medical tourists to the country. This study was undertaken to analyse the growth trends in medical tourism in India over a period of last five years and also to project the medical tourist arrivals over the next couple of years using the sophisticated ARIMA method of trend projection. The paper discusses these trends including their calculations. The projections show a great potential for the country to earn valuable foreign exchange through medical tourism. India has a huge cost and expertise advantage which if leveraged through proper publicity can make it one of the leading medical tourist destinations in the days to come. The Government should step-up its efforts in this direction with aggressive publicity policies.