Medical Tourism Market Growth, Trends and Forecast 2021-2028
Malaysia Medical Tourism Market: Introduction
According to the report, the medical tourism market in Malaysia was valued at US$ 1.2 Bn in 2020 and is projected to expand at a CAGR of 4.5% from 2021 to 2028. Medical tourism is defined as patients traveling to various destinations seeking medical treatment. Malaysia is a strategically located destination in Asia Pacific and has internationally recognized clinics and hospitals. The country observes significant inflow of medical travelers to avail various medical procedures.
Key medical treatments or procedures availed by medical tourists are cardio (internal medicine), cardiothoracic surgery, oncology, fertility treatments (IVF), orthopedic treatment, dental treatment, ophthalmology, aesthetics/cosmetic surgery, neurology, regenerative therapy (stem cells), and medical check-ups (health screening).
Request a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20159
High Quality Treatment at Low Cost: Key Driver
The medical tourism market is gaining momentum in Malaysia due to factors such as high quality treatment at low cost, well-established health care infrastructure, and low language barrier. Moreover, excellent macro factors such as good recuperation facilities, increase in government initiatives in medical tourism, and excellent transport facilities boost the growth of the medical tourism market in Malaysia. In order to boost medical tourism, the government has offered tax incentives on the revenue generated from foreign patients.
Additionally, tax exemptions were granted on the expenses of international accreditation and setting up of international units. Moreover, medical tourism is one of the 12 National Key Economic Areas (NKEAs) of the Government of Malaysia, and hence is considered a key driver of economic growth.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=20159
Lack of Suitable Infrastructure in Low- and Middle-income Countries to Restrain Market
Most of the medical devices, including both smart and conventional, are IT-dependent hardware and software, and are powered with the help of electricity. Failure of hardware or bugs in software could affect the overall performance of the device, while risking healthcare operations. A power failure or dependence on rechargeable batteries also poses a risk in areas with limited electrical infrastructure. Moreover, most of the developed world is largely electrified; however, low- and middle-income countries still struggle with providing adequate electricity in remote regions. This could cause restrictions in the penetration of medical tourism across regions, thereby hampering the growth of the market.
Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=20159
Dental Treatment Segment to Dominate Market
In terms of procedure type, the medical tourism market in Malaysia has been segmented into cardio internal medicine, cardiothoracic surgery, oncology, fertility treatments (IVF), orthopedic treatment, dental treatment, ophthalmology, aesthetics/cosmetic surgery, neurology, regenerative therapy, medical check-ups, and others. The demand for orthopedic treatment, cosmetic surgeries, and regular health screening is rising in the market in the country. These segments, along with the dental treatment segment accounted for over 70% share of the medical tourism market in Malaysia.
Competition Landscape
The medical tourism market in Malaysia is fragmented in terms of number of players. Key players in the market include 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.
Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=20159
Malaysia Medical Tourism Market: Segmentation
Malaysia Medical Tourism Market, by Procedure Type
- Cardio (Internal Medicine)
- Angiogram
- Angioplasty
- ASD Closure
- Atherectomy
- Pacemakers
- Radiofrequency Ablation
- Watchman Device Implants
- Cardio (Internal Medicine) Consultation
- Others
- Cardiothoracic Surgery
- Heart Valve Replacement
- Coronary Artery Bypass
- Heart Transplant
- Stenting
- Cardiothoracic Consultation
- Other Procedures (Cardiomyoplasty, PTMC Valve)
- Oncology
- Bone Marrow Transplant
- Oncology Consultation
- Other Procedures
- Fertility Treatments (IVF)
- Embryo Transplants
- Fertility Treatments (IVF) Consultation
- Other Procedures
Request Report Methodology: https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=20159
- Orthopedic Treatment
- Arthroplasty
- Arthroscopy
- Fracture Repair
- Hip Replacement
- Internal Fixations
- Knee Replacement
- Physiotherapy
- Orthopedic Consultation
- Dental Treatment
- Dental Implants
- Dental Treatment Consultation
- Other Procedures
- Ophthalmology
- Corneal Transplants
- Ophthalmology Consultation
- Other Procedures
- Aesthetics/Cosmetic Surgery
- Hair Transplants
- Breast Augmentation Procedures
- Rhinoplasty
- Face Lift
- Liposuction
- Tummy Tuck
- Aesthetics/Cosmetic Consultation
- Other Procedures
- Neurology
- Brain Surgery
- Neurology Consultation
- Other Procedures
- Regenerative Therapy (Stem Cells)
- Stem Cell Transplant
- Regenerative Therapy (Stem Cells) Consultation
- Other Procedures
- Medical Check-ups (Health Screening)
- Others
- Kidney & Liver Transplants
- Other general consultation
- Other Procedures
More Trending Reports by Transparency Market Research:
Skincare Serums Market - https://www.transparencymarketresearch.com/skincare-serums-market.html
Red Biotechnology Market - https://www.transparencymarketresearch.com/red-biotechnology-market.html
Epilepsy Therapeutics Market - https://www.transparencymarketresearch.com/epilepsy-therapeutics-market.html
Pseudomonas Aeruginosa Infection Treatment Market - https://www.transparencymarketresearch.com/pseudomonas-aeruginosa-infections-treatment-market.html
Post-operative Pain Therapeutics Market - https://www.transparencymarketresearch.com/postoperative-pain-therapeutics-market.html
Joint Pain Injections Market - https://www.transparencymarketresearch.com/joint-pain-injection-market.html
Human Microbiome Market - https://www.transparencymarketresearch.com/india-human-microbiome-market.html
Water for Injection Market - https://www.transparencymarketresearch.com/water-for-injection-market.html
About Us
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.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
