Healthcare Industry In Malaysia

Shah alam march 1. Infant mortality rate a standard in determining the overall efficiency of healthcare in 2005 was 10. Travel destination the malaysia healthcare travel council mhtc is an agency under the ministry of finance malaysia tasked to raise malaysia s profile as the world s top of mind destination for world class healthcare services.

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Healthcare industry in malaysia. Malaysia s healthcare market is expected to grow by 127 to rm127 9bil in 2027 from the rm56 3bil in 2017 as the government pushes ahead with higher public healthcare expenditure. Malaysia healthcare pharma and devices analysis data forecasts from the eiu to support industry executives decision making. The total healthcare industry spending in malaysia which stood at rm52 billion at end 2017 is expected to reach about rm80 billion by 2020 fuelled by increasing demand for healthcare services and emergence of new care models beyond traditional hospital settings according to business consulting firm frost sullivan.

According to the ministry of health moh healthcare was the fastest growing industry between 2000 and 2009 and thus recognised as a key driver of economic growth. Healthcare in malaysia is an attractive proposition offering world class quality healthcare which is easily accessible and competitively affordable for patients peace of mind. Established in 2009 mhtc functions to facilitate the overall development of the malaysian healthcare travel.

Access new updated reports and statistics for the healthcare industry in malaysia. Global demand for healthcare services is expected to continuously expand in the future due to projected demographic shifts among which are the increase in aging population life expectancy and lifestyle diseases. Healthcare in malaysia is mainly under the ministry of health malaysia generally has an efficient and widespread system of health care operating a two tier health care system consisting of both a government base universal healthcare system and a co existing private healthcare system.

In 2010 the economic transformation programme etp was established to transform malaysia into a high income economy by 2020.