Malaysia Medical Tourism Market: Future Growth and Opportunities Revealed by Techsci Research

According to a report by TechSci Research titled "Malaysia Medical Tourism Market –Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028," the Malaysia Medical Tourism market is projected to experience steady growth in the forecast period of 2024-2028. This growth can be attributed to the ongoing development of the healthcare system, substantial healthcare expenditure by government organizations, availability of international reimbursement policies, and a stable political environment. Moreover, the presence of skilled medical professionals offering high-quality treatment at affordable costs in the country is expected to further drive market growth until 2028. Additionally, the rising demand for cosmetic surgery and the increasing number of hospitals and clinics in Malaysia contribute to the growth of Medical Tourism.

However, the high cost of medical devices and lack of awareness about medical procedures may hinder the growth of the Malaysia Medical Tourism Market in the forecast period. Furthermore, limited knowledge about advanced methods and reimbursement scenarios can slow down market growth. Additionally, the scarcity of skilled professionals in the healthcare sector further restricts the expansion of the Malaysia Medical Tourism Market.

The Malaysia Medical Tourism Market can be categorized by type, treatment type, and region. In terms of treatment type, the market can be divided into Orthopedic Treatment, Cardiovascular Treatment, Gynecological Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment, and Others. The orthopedic treatment segment is expected to dominate the market during the forecast period due to the increasing demand for advanced medical facilities and cost-effective treatment options across the region. Regarding type, the Malaysia Medical Tourism Market can be further classified as Inbound and Outbound. The Outbound segment dominated the market in 2022 and is expected to maintain its dominance throughout the forecast period. This can be attributed to the development of healthcare infrastructure, competitive medical facilities, government support through promotional programs, and the presence of highly competent medical staff.

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Major companies operating in Malaysia Medical Tourism Market are:

• KPJ Healthcare Berhad
• Dentalpro Group
• Island Hospital
• Mahkota Medical Centre
• Prince Court Medical Centre
• IJN Health Institute
• Mahkota Medical Centre
• Sunway Medical Centre
• Tropicana Medical Centre
• Pantai Holdings Berhad

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“Malaysia Medical Tourism Market is expected to register the significant growth during the forecast period on account of the fact that healthcare is being regulated by Ministry of Health in Malaysia, hence the treatments are considered to be reliable, safe and effective. Additionally, the overall cost of treatment is quite affordable and the overall wait time for availing any kind of treatment is very less in Malaysia. Besides, Malaysia is emerging out as a key destination for availing different treatments such as IVF, cardiology, orthopedics, among others. All these factors will create new prospects for the growth of medical tourism market in the country in the coming years” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Malaysia Medical Tourism Market by Type (Inbound v/s Outbound), By Treatment Type (Orthopedic Treatment, Cardiovascular Treatment, Gynecological Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Malaysia Medical Tourism market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Malaysia Medical Tourism market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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