Malaysia Hospital Market to grow at a Significant Rate through 2026
Benefit of early disease
diagnosis and treatment is expected to drive the demand for Malaysia hospital market
in forecast period.
According to TechSci Research report, “Malaysia
Hospital Market By Ownership (Public v/s Private) By Type (General,
Specialty, Multi- Speciality) By Type of Services (In-Patient Services v/s
Out-Patient Services) By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500
beds), By Region, Company Forecast & Opportunities, 2026”, The Malaysia
hospital market is expected to witness steady growth for the next five years. Increase
of the old age population whose immunity level is not up to the mark and suffer
from various diseases including diabetes, cardiovascular disorders, cancer,
among others. Increase in patient awareness about availing healthcare services
and advancements relating to diagnostic technologies is expected to fuel the
growth of the hospital market. Rise in adoption of minimally invasive treatment
and surgical procedures which offers faster recovery, shorter hospital stays,
reduce the scars of incisor on the skin which is further fueling the growth of
the hospital market. Increase in adoption of unhealthy eating habits such as
junk food and high sugar containing edible food item and beverages is giving
rise to a number of diseases which require treatment in the hospital
facilities. Presence of sedentary lifestyle which is due to long working hours
leaves less time for physical activities is expected to spur the hospital
market growth.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in Malaysia imposed lockdown restrictions and
released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing. Malaysian authorities increased the
capacity of hospitals as a greater number of patients were getting affected
daily and getting admitted into the hospital facilities. The demand for critical
care devices increased during this period. Collaborations between the
healthcare and non-healthcare industries to increase the production of essential
medical devices is expected to foster the growth of the hospital market.
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Malaysia
hospital market is segmented into ownership, type, type of services, bed
capacity, regional distribution, and company. Based on ownership, market can be
further divided into public and private. The public segment is expected to hold
major market share for the forecast period, 2022-2026. Presence of large number
of hospital beds and witness a huge number of patients visiting for treatment
into the hospital facilities. Theses healthcare facilities provide affordable treatment
and generally provides insurance facilities to patients to increase the access
of hospitals for patients. Based on type, market can be further fragmented into
general, specialty, and multi- speciality. The multi-speciality hospital type
is expected to witness significant growth and general hospital segment is
expected to dominate the hospital market for the next five years. A
multi-specialty hospital provides plethora of disease treatment facilities
under single roof. They also have presence of skilled healthcare professionals
who can provide treatment for different diseases. These are equipped with
advanced diagnostic facilities and equipment to attract more patients into the
hospitals thereby boosting the demand for hospital market in Malaysia.
IHH
Healthcare Berhad, KPJ Healthcare Berhad, Ramsay Sime Darby Health Care Sdn
Bhd, LYC Healthcare Berhad, Metro Healthcare Berhad, Optimax Holdings Sdn. Bhd,
TMC Life Sciences Berhad are the leading players operating in Malaysia hospital
market. Manufacturers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several hospital
manufacturers are coming up with their technologically advanced offerings.
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“Leading
authorities of Malaysia are promoting the healthcare tourism and attracting a
huge number of tourists annually. Ministry of Health established an agency
called Malaysia Healthcare Travel Council which has aim to promote healthcare
industry by establishing public and private partnerships in the country and
abroad and assist procurement of medical visas in conjunction with Immigration
department of Malaysia. Malaysia has a world-class medical center specializing
in fertility and cardiology and investing huge amounts for incorporating
advanced technologies and equipment into the hospital facilities which is
expected to propel the growth of the market till 2026” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Malaysia Hospital Market
By Ownership (Public v/s Private) By Type (General, Specialty, Multi-
Speciality) By Type of Services (In-Patient Services v/s Out-Patient Services)
By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds) , By Region, Company
Forecast & Opportunities, 2026” has
evaluated the future growth potential of Malaysia hospital market and provided
statistics & information on market size, shares, 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 the of Malaysia hospital market.
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