Malaysian medical tourism sector is expected to grow at the CAGR of 20% during 2009-2012

9-Nov-2010

According to our latest report “Malaysia Medical Tourism Outlook 2012”, Malaysian health tourism sector has managed to attract large number of tourists, despite financial slowdown. Large numbers of patients from the developed world are eyeing Malaysia for various treatments as the country offers complex medical services at affordable prices. Other wellness oriented services, such as spas are also proving a boost to the sector as medical tourists are visiting them for relaxation purposes. Backed by significant positive developments, Malaysian medical tourism industry is expected to generate revenue worth RM 590 Million (US$ 165.2 Million) by 2012, growing at a CAGR of 20% during 2009-2012.

Our report has identified that, the government initiatives in promoting the sector is the main reason responsible for the fast growth of the industry. The government has selected some of the well known hospitals in the country that are engaged in promotional activities. Besides, the authorities have planned out effective schemes and financial rebates to attract foreign tourists. As of now, the Malaysian government is aiming to increase country’s share in global health tourism industry from the present 0.24% to 2% by 2012.

The report “Malaysia Medical Tourism Outlook 2012” has covered all important aspects of the Malaysian medical tourism industry with emphasis on data reliability and effective presentation. Sections such as, ‘key market trends’ and ‘cost analysis’ provides current industry status and cost comparison of treatments between key countries. These sections describe current and future drivers of the industry and illustrate valid reasons for their importance.

The report is an outcome of an in-depth research and prudent analysis of the Malaysian medical tourism industry. It has analyzed key industry data in terms of tourists’ arrivals and revenue generation along with the performance of key sub-sectors. Moreover, the report illustrates country’s healthcare infrastructure that is considered as a big contributor to the industry’s growth. The forecasting section relies on effective methods and techniques for reliable future projections. Description and recent developments of key market players have also been presented in the report.

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