MALAYSIA MEDICAL TOURISM MARKET : EVOLVING TECHNOLOGY, TRENDS AND INDUSTRY ANALYSIS 2024
Transparency Market Research (TMR) observes, the Malaysia medical tourism market is highly competitive due to presence of number of companies operating in the market. Some of the key players operating in the Malaysia medical tourism market are Pantai Holdings Berhad, Dentalpro Group, KPJ Healthcare Berhad, Island Hospital, and Prince Court Medical Centre. Despite of this competition and presence of numerous players, the market is dominated by the handful of companies which is leading to increase consolidation of market.
A report estimates, the medical tourism market in Malaysia is expected to attain value of US$3.5 bn by the end of 2024 with a CAGR of 30.05% over the forecast period of 2016 to 2024 from valuation of US$424.96 mn in 2016. Based on the procedure type, the dental treatment segment dominated the medical tourism market in Malaysia in 2016 accounted for 36.6% of shares in the market. Additionally, the segments such as cosmetic surgeries, orthopedic treatment, and regular health screening segments collectively accounting for 70% of the shares in the medical tourism market in Malaysia.