Medical Tourism to Grow in Malaysia

10-Sep-2009

September 10, 2009 -- According to our new research report titled “Malaysia Medical Tourism Outlook 2012”, medical tourist arrivals in Malaysia will continue to grow at fast pace. With strong government support and low cost of treatment, the Malaysian medical tourism market is forecasted to grow at a CAGR of over 20% between 2009 and 2012.

Malaysia has become a centre for medical tourism owing to its medical excellence, high quality services and well-trained medical specialists. One of the major driving forces for the medical tourism industry is strong support by the government. The Malaysian government is actively promoting the medical tourism industry as a strategic industry in healthcare sector. The government has made the entry formalities easier for patients and the Immigration Department of Malaysia has implemented the Green Lane System at main entry points which expedites custom clearance for medical travelers.

Low cost of treatment is another factor driving the medical tourism industry in Malaysia. Medical costs for procedures and surgeries in Malaysia offer international medical travelers’ huge savings that generally amount to as much as 50%-75% of the costs for the same surgeries and procedures in the US and other developed countries of Europe. Low cost of local airlines service providers like Malaysia Airlines and Firefly has also further boosting the number of medical tourist arrivals in the country.

Our research report “Malaysia Medical Tourism Outlook 2012” provides an in-depth analysis of the present and future prospects of the Malaysian medical tourism industry. It looks into Malaysia's medical tourism industry in detail with the focus on different parameters like inbound tourism, expenditure by inbound tourists, healthcare infrastructure, etc. This report provides strategic insight to clients to evaluate the opportunities for their success in the Malaysian medical tourism industry.

The research also features forecast for vital segments of the industry, including forecast for international tourist arrivals, international tourism receipts, medical tourist arrivals and medical tourism receipts.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.