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Advances in Tourism, Technology and Smart Systems pp 211–222Cite as

Forecasting and Estimation of Medical Tourism Demand in India

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Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 171))

Abstract

The paper deals with India’s Medical tourism analysis and forecasting, applying two time series forecasting models, for monthly data spreading over 2014 to 2017. Medical tourism worldwide and particularly in India is on rise. Figures 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 using the ARIMA method for trend projection. The paper discusses these trends and the application of the model. 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. It is suggested that the authorities should take efforts in this direction with aggressive publicity policies.

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Acknowledgment

This work is funded by National Funds through the Foundation for Science and Technology under the project UID/GES/04752/2019.

Author information

Authors and Affiliations

  1. Instituto Politécnico de Bragança, Campus de Sta. Apolónia, 5300-253, Bragança, Portugal

    Manoj Ahire, Paula Odete Fernandes & João Paulo Teixeiral

  2. UNIAG (Applied Management Research Unit), Campus de Sta. Apolónia, 5300-253, Bragança, Portugal

    Paula Odete Fernandes & João Paulo Teixeiral

  3. CEDRI (Research Center in Digitalization and Intelligent Robotics), Campus de Sta. Apolónia, 5300-253, Bragança, Portugal

    João Paulo Teixeiral

Authors
  1. Manoj Ahire
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  2. Paula Odete Fernandes
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  3. João Paulo Teixeiral
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Corresponding author

Correspondence to Paula Odete Fernandes .

Editor information

Editors and Affiliations

  1. Department of Informatics Engineering, University of Coimbra, Coimbra, Portugal

    Álvaro Rocha

  2. Institute of Accounting and Admn, Polytechnic of Porto, S. Mamede de Infesta, Portugal

    António Abreu

  3. Institute of Accounting and Admn, Polytechnic of Porto, S. Mamede de Infesta, Portugal

    João Vidal de Carvalho

  4. School of Hospitality and Tourism, Polytechnic of Porto, Vila do Conde, Portugal

    Dália Liberato

  5. Business Administration and Tourism, University of Vigo, Ourense, Spain

    Elisa Alén González

  6. School of Hospitality and Tourism, Polytechnic of Porto, VILA DO CONDE, Portugal

    Pedro Liberato

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Ahire, M., Fernandes, P.O., Teixeiral, J.P. (2020). Forecasting and Estimation of Medical Tourism Demand in India. In: Rocha, Á., Abreu, A., de Carvalho, J., Liberato, D., González, E., Liberato, P. (eds) Advances in Tourism, Technology and Smart Systems. Smart Innovation, Systems and Technologies, vol 171. Springer, Singapore. https://doi.org/10.1007/978-981-15-2024-2_19

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