Malaysia Medical Tourism Market to be dominated by Orthopedic Treatment Type through 2028
High quality of treatment and easy accessibility of Malaysia
is expected to drive the growth of Malaysia Medical Tourism Market in the
forecast period..
According to TechSci Research report, “Malaysia Medical Tourism Market –Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,
the Malaysia Medical
Tourism market is
anticipated to grow at a steady rate in the forecast period, 2024-2028. This
can be ascribed to the increasing development of healthcare system and high
healthcare expenditure by government organizations along with availability of
international reimbursement policies and stable political environment. The availability
of skilled medical professionals providing high quality treatment in the
country at an affordable cost is further expected to spur the market growth
through 2028. Furthermore, the increasing demand for cosmetic surgery and
increasing the number of hospitals and clinics in the country is increasing the
demand for
Medical Tourism.
However, high
cost of medical devices and lack of knowledge about medical procedures can
hamper the growth of Malaysia Medical
Tourism Market in the
forecast period. Additionally, lack of knowledge about advance method and reimbursement
scenario can further slowdown the growth of Malaysia Medical Tourism market. Besides, lack of skilled professionals in
healthcare sector is further restricting the growth of Malaysia Medical Tourism Market.
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The Malaysia
Medical Tourism Market can be
segmented by type, treatment type and by region.
Based on treatment type, the Malaysia Medical
Tourism market can be segmented 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 because of the growing demand
for advanced medical treatment facilities and increasing availability of
cost-effective treatment facilities across the region. Based on type, the Malaysia Medical
Tourism market can be further divided into Inbound and
Outbound. Outbound segment dominate the market in 2022
and is expected to maintain its dominance throughout the forecast period. This
can be attributed to the fact that development of healthcare infrastructure,
competitive and medical facilities and also government backing through
promotional programs and highly competent medical staff.
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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