New Delhi, March 28 -- India's medical tourism industry is set to witness strong growth, with its market size projected to reach USD 13.42 billion by 2026, according to a report by Grant Thornton.

The sector's expansion is driven by India's cost advantage, growing hospital networks, rising investments, and increasing adoption of technology.

It said "Medical tourism is projected to reach USD 13.42 billion by 2026, further underlining the sector's strong growth prospects".

One of the major reasons behind India's emergence as a global healthcare hub is its affordability. The country offers medical treatments at just 20-25 per cent of the cost in developed nations.

This cost-effectiveness, combined with high-quality healthcare services, a...