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[At a CAGR of 4.5%], Malaysia Medical Tourism Market Size to Worth USD 5.1 billion by 2028 | Transparency Market Research Inc.
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Malaysia Medical Tourism market is estimated to attain a valuation of US$ 5.1 Bn by the end of 2028, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2021-2028
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The significant players operating in the global Malaysia Medical Tourism market are
Pantai Holdings Berhad, KPJ Healthcare Berhad, Dentalpro Group, Prince Court Medical Centre, Island Hospital
Key Drivers of the Malaysia Medical Tourism Market:
Quality Healthcare Infrastructure: Malaysia boasts a robust healthcare infrastructure comprising modern hospitals, medical centers, and clinics accredited by international standards such as Joint Commission International (JCI) and the Malaysian Society for Quality in Health (MSQH), ensuring high standards of care and patient safety.
Skilled Medical Professionals: Malaysia is home to a diverse pool of highly skilled and internationally trained medical professionals, including doctors, surgeons, nurses, and support staff, who are proficient in English and other languages, providing personalized care and enhancing the patient experience.
Advanced Medical Technology: Malaysia invests in cutting-edge medical technology and equipment, including diagnostic imaging, robotic surgery systems, and minimally invasive procedures, enabling healthcare providers to offer innovative treatments and achieve optimal clinical outcomes.
Cost-Effective Healthcare: Medical treatment costs in Malaysia are significantly lower compared to Western countries and other medical tourism destinations, making it an attractive option for international patients seeking affordable healthcare without compromising quality or safety.
Recent Developments in the Malaysia Medical Tourism Market:
Government Support: The Malaysian government has implemented policies and initiatives to promote medical tourism, including the Malaysia Healthcare Travel Council (MHTC) and the Malaysia Healthcare Travel Expo (MIHTE), aimed at attracting international patients, facilitating travel arrangements, and supporting healthcare providers in marketing their services globally.
Specialized Medical Tourism Hubs: Malaysia has developed specialized medical tourism hubs in cities such as Kuala Lumpur, Penang, and Johor Bahru, offering comprehensive medical services, specialized treatments, and integrated healthcare facilities tailored to the needs of international patients.
Accreditation and Quality Assurance: Malaysian hospitals and healthcare facilities undergo rigorous accreditation and quality assurance processes to maintain high standards of care, patient safety, and service excellence, enhancing trust and confidence among international patients and healthcare partners.
Partnerships and Collaborations: Malaysian healthcare providers collaborate with international partners, including medical tourism facilitators, travel agencies, insurance companies, and diplomatic missions, to streamline the medical tourism experience, provide seamless care coordination, and expand market reach.
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Market Segmentation -
Procedure Type
Cardio (Internal Medicine)
Cardiothoracic Surgery
Oncology
Fertility Treatments (IVF)
Orthopedic Treatment
Dental Treatment
Ophthalmology
Aesthetics / Cosmetic Surgery
Neurology
Regenerative Therapy (Stem Cells)
Medical Check-ups (Health Screening)
Others
This Report lets you identify the opportunities in Malaysia Medical Tourism Market by means of a region:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
Key Features of the Malaysia Medical Tourism Market Report: -
➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Malaysia Medical Tourism industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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