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Malaysian Medical Tourism Market Set to Witness an Impressive CAGR of 30.5% during 2016 – 2024

Press release Description

Albany, New York, March 27, 2017: The healthcare industry in Malaysia is one of the 12 key national economic areas and hence the government is doing its best to attract more and more number of foreign patients each year. Market Research Reports Search Engine (MRRSE) has announced the addition of a new research report to its resourceful repository. The report is titled as “Medical Tourism Market- Malaysia Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”. This research on Malaysian medical tourism studies the current as well as future prospects of the industry. It offers insights on the market dynamics that can influence growth of the Malaysia medical tourism market over the forecast period. Information on key trends, drivers, restraints, forecasts, risks and opportunities for companies operating in the market are precisely offered in the report.

According to Transparency Market Research, the Malaysian medical tourism market is all set to witness an impressive CAGR of 30.5% over the forecast period 2016-2024. At this rate, the market evaluation will reach US$3.5 billion before 2024 from US$424.96 million in 2016.

Further, the report also adds that this accelerated pace is due to the increasing influx of medical tourists from MENA (Middle East and North America) and neighboring countries. Besides this, the market will also benefit from several macro-economic factors such as tax exemptions by government on income generated from foreign patients and excellent transport and recuperation amenities. Other aspects such as low language barrier and presence of modern healthcare infrastructure will continue to drive the medical tourism market of Malaysia.

Moreover, Malaysian medical tourism market is elaborated, along with details such as introduction, definitions, key findings and recent developments. For better analysis, the market is segregated by procedure type into the following:

  • Dental treatment
  • Cardiothoracic Surgery
  • Ophthalmology
  • Fertility treatments (IVF)
  • Orthopedic treatment
  • Cardio (Internal medicine)
  • Oncology
  • Aesthetics / Cosmetic Surgery
  • Regenerative Therapy (Stem cells)
  • Neurology
  • Medical check – ups (Health screening)
  • Kidney and Liver Transplants

For each procedure type, aspects like introduction, definition, industry evolution & development, key trends and market value & volume forecast for 2016–2024 are precisely discussed in the report.

Competition landscape analysis is carried out, along with details like financial overview, product portfolio, recent developments and business strategies of companies involved in the industry. Key players in the market include names such as KPJ Healthcare Berhad, IJN Health Institute, Prince Court Medical Centre, Dentalpro Group, Pantai Holdings Berhad, Sunway Medical Centre, Island Hospital, LohGuanLye Specialists Centre, Mahkota Medical Centre and Tropicana Medical Centre.

Browse Full Malaysia medical tourism market Report with TOC:

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