openPR Logo
Press release

Incredible Reasons behind Malaysia Medical Tourism Market Fetching Revenue Worth US$ 3.5 Billion by 2024

11-09-2018 12:56 PM CET | Health & Medicine

Press release from: Transparency Market Research

Incredible Reasons behind Malaysia Medical Tourism Market

The medical tourism market in Malaysia is forecast to grow at a robust pace between 2016 and 2024. Persistent government activities synergizing the medical tourism industry and lower cost of medical services compared to their counterparts in developed nations are boosting the medical tourism market in Malaysia. Over the course of the forecast period from 2016 to 2024, the market is poised to exhibit an impressive 30.05% CAGR. At this pace, its valuation is expected to increase from US$424.96 mn in 2016 to US$3.5 bn before 2024 ends.

Read Report Overview @ https://www.transparencymarketresearch.com/malaysia-medical-tourism-market.html

Accelerated pace of gains is on cards due to the increasing influx of medical tourists from MENA and neighboring countries. Besides this, the market will gain from various macro-economic factors such as tax exemptions by government on revenue generated from foreign patients and excellent transport and recuperation facilities. While the regional players will continue exhibiting promising growth, the established players might emerge as major gainers rendering the vendor landscape of Malaysia medical tourism market consolidated.

Other factors such as low language barrier and the presence of sophisticated healthcare infrastructure will continue fuelling opportunities in the medical tourism market of Malaysia.

Country-wise, the influx of medical tourists from the neighboring country Indonesia is recorded at the highest. In addition, the nation welcomes an increasing number of medical travelers from India, China, Nepal, Iran, Libya, Australia, the U.S., and the U.K. The healthcare industry in Malaysia has been identified as one of the 12 national key economic areas hence, the nation’s government keep no stone unturned to attract an increasing number of foreign patients every year. For instance, it offers lucrative incentives and tax exemptions on revenue generated from medical travelers. Besides this, the government of Malaysia has developed the Malaysia healthcare travel council (MHTC) within its healthcare ministry to support foreign patients and their families visiting Malaysia in every way possible.

Request for the Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20159

In order to woo patients from the Middle-east the country maintains favorable stance on the Halal medical tourism. Hence several hospitals in the nation offer halal medical services to patients from the Middle East country. Under these services, the hospitals provide a full range of Muslim friendly services to their patients. Medical tourism assistance centers are also set up in places to help patients and their families traveling from the Middle East or other nations with Islam dominance.

Among the segments based on procedure type, the Malaysia medial tourism market was dominated by dental treatment in 2016. The aesthetics/cosmetic surgery segment trailed closely emerging as the second-leading market segment in the same year. According to TMR, approximately 36.6% of the medical tourists visiting Malaysia opt for dental treatment. Factors such as the low cost of services compared to those offered in the U.S. and favorable government activities are expected to aid growth witnessed in the aforementioned categories. Besides this, the market is forecast to witness rising demand for orthopedic treatment, cosmetic surgeries, and regular health screening. These segments, coupled with the field of dental treatment, occupied over 70% of the overall medical tourism market in Malaysia.

Some of the key enterprises operating in the Malaysia medical tourism market are Pantai Holdings Berhad, KPJ Healthcare Berhad, Dentalpro Group, Prince Court Medical Centre, Island Hospital, IJN Health Institute, Mahkota Medical Centre, Sunway Medical Centre, LohGuanLye Specialists Centre, and Tropicana Medical Centre.

Obtain the Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=20159

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Incredible Reasons behind Malaysia Medical Tourism Market Fetching Revenue Worth US$ 3.5 Billion by 2024 here

News-ID: 1358900 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for Malaysia

Nitrile Gloves Market Analysis, Research Study With Hartalega Holdings Berhad …
Nitrile Gloves Market growth is expected to be driven by rising healthcare expenditures, heightened importance of workplace safety, and growing awareness of healthcare-associated infections. The COVID-19 pandemic has led to an exponential increase in demand for a wide variety of PPE, including gloves. Disposable nitrile gloves are also often used by healthcare professionals to prevent contamination. The Nitrile Gloves Market research report provides a thorough and comprehensive analysis of the global Industry.
Non Dairy Creamer Market Future Trends, Revenue Growth, Profitability & Leading …
The "Non Dairy Creamer Market" business report 2021 contains worldwide analysis and estimation of various market-related factors that are incredibly crucial for better decision-making. Competitive analysis has been carried out in this industry analysis report for the major players in the market which supports businesses take better moves for enhancing their product and sales. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price,
Ophthalmology Market in Malaysia, Ophthalmology Industry in Malaysia, Covid-19 I …
Lower Ophthalmology Costs in Malaysia: Ophthalmology cost in Malaysia is estimated to be comparatively less i.e. 40% less or even more than the spending made by a patient on an average for the same treatment in the US and European countries such as the UK, France, Germany and others. Low cost of Ophthalmology in Malaysia allows patients from the other countries to save a significant amount of money while benefiting
Malaysia Ophthalmology Market, Malaysia Ophthalmology Industry, Malaysia Ophthal …
The report titled “Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements" provides a comprehensive analysis of Ophthalmology Services in Malaysia. The report covers various aspects including market size (Total Revenue, Consultations Revenue, Number of Consultations, Surgery Revenue and Number of Surgeries), Market Segmentations by Clinic Specialty (Multi & Single Specialty), by Private and Public Clinics/Hospitals, By
Malaysia Agriculture Market, Malaysia Agriculture Industry, Malaysia Agriculture …
Agriculture sector is an important sector of Malaysia's economy. There are mainly 3 crops are produced including palm oil, rubber and cocoa. Additionally, country’s farmers produce a number of fruits & vegetables for the domestic market such as bananas, pineapples, coconuts, durian, cabbage, cucumber, long beans, tomato, chilli, okra, spinach, rice, rambutan and others. Country’s tropical climate is extremely favorable for the production of a variety of exotic fruits &
White Coffee Market Future Growth by 2027 | Oldtown(Malaysia), KOPIKO(Indonesia) …
The "Global White Coffee Market: 2020" Industry Report is a professional and in-depth study on the current state of the White Coffee Market by 4ARC Research . The White Coffee market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like