According to our research report “Malaysia Medical Tourism Outlook 2012”, Malaysia has emerged as the most popular medical tourist destination in the ASEAN region. Increasing healthcare costs in developed nations, and the chance to get world-class treatment along with the opportunity to spend quality time in exotic locations, are leading people to search for reasonable health care services in the nation. The Malaysian medical tourism industry’s revenue is anticipated to grow at a CAGR of around 16% during 2011-2014.
Moreover, rising number of medical tourists for various treatments has opened up new market opportunities for sectors, such as like spas, dentistry, and cosmetic. With large number of tourists looking after relaxation and healing activities, spa centers have continued to evolve in the country. Similarly, the number of dentists and dental clinics has also been growing due to low cost treatments attracting foreign visitors. Further, cosmetic and cardiac treatments are being considered as a new growth avenue and are expected to perform well in the coming years.
The ongoing research analysis found that, the biggest driver of the Malaysian medical tourism industry is the region’s improving health infrastructure. The country has shown remarkable improvement in meeting the demand for quality-assured medical care via trained medical specialists and first-class facilities.
Further, the report evaluates factors critical to the success of the medical tourism industry. It has also acknowledged key players in the market and added their detail business description. Moreover, the report talks about the emerging market drivers, which are anticipated to decide the future of the Malaysian medical tourism industry.
“Malaysia Medical Tourism Outlook 2012” provides thorough analysis of the current market performance and future outlook of Malaysia’s medical tourism industry. It acknowledges the fact that, Malaysia vastly differs from other destinations in terms of cost, infrastructure, human resources, patient perceptions, competencies, and the level of government support. All these factors have been thoroughly studied in the report. Overall, the report provides valuable information to clients looking to venture into these markets and helps them to devise strategies while going for an investment/partnership in Malaysia.
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