ransparency 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.
Read Report Overview – https://www.transparencymarketresearch.com/malaysia-medical-tourism-market.html
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.
Request a PDF Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20159
Growing Advancement in Developing Countries to Propel Growth
The Malaysia medical tourism market is gaining traction due to surging medical tourism industry and lower cost of medical services compared to the developed nations are influencing positively on the growth of the medical tourism market in Malaysia. The healthcare expenditure in Canada and US is relatively costly and has a longer waiting time which is leading to transferring the preference of patients to the other countries where healthcare facilities are better and which is likely to fuel growth of the medical tourism market. The medical tourism in Malaysia is higher from the developing and underdeveloped countries of the Middle East and North Africa (MENA) and other neighboring countries. Additionally, another factor propelling growth of the market in the Malaysia is low language barrier and presence of advanced healthcare infrastructure.
Request for Analysis of COVID19 Impact on Malaysia Medical Tourism Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=20159
Tax exemptions by government on the income of hospitals from foreign patients also excellent transport facilities is fuelling adoption of the medical tourism and likely to fuel growth of the global medical tourism market. In addition, the medical tourism in Malaysia, offers the services in comparatively in the low cost. Thus, the attraction to the cheap yet the quality and efficient medical care is propelling the medical tourism industry in the Malaysia.
Purchase Malaysia Medical Tourism Market Report – https://www.transparencymarketresearch.com/checkout.php?rep_id=20159
Furthermore, rise in the sport events in the Southeast Asia is encouraging growth of the medical tourism due to growing incidence of injuries. These growing incidences are boosting growth of the medical tourism market in Malaysia. Also, growing geriatric population which are susceptible for chronic diseases are fuelling growth of the market.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Source: openPR
