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Forecast Year
The Malaysia hospital market size was valued at USD 8.06 billion in 2023, driven by the rise in the geriatric population across Malaysia. The market size is anticipated to grow at a CAGR of 6.1% during the forecast period of 2024-2032 to achieve a value of USD 13.74 billion by 2032.
Hospitals are healthcare institutions which provide treatments and health facilities like diagnosis, medical testing and sampling, and patient admissions in conditions where the patient is required to be put under observation for more than a day. Hospitals has different facilities and dedicated trauma departments, emergency departments, intensive care units and multiple others to take care of maximum patients at a time. The larger the hospital, maximum the staff members to provide the healthcare services. These staff members are doctors, nurses, ward members, assistants, healthcare specialists and receptionists, janitors to take care of the sanitation of hospitals.
The rapid increase in burden of chronic diseases and the increasing demand for healthcare services is primarily driving the market growth. A steady rise in healthcare expenditure has been witnessed in Malaysia, driven by factors such as population growth, rising chronic diseases, and increasing demand for quality healthcare services. Owing to the expansion and modernization of hospitals, there has been a significant upgradation of medical equipment and healthcare infrastructure, which is directly contributing to the Malaysia hospital market growth.
Due to the increasing demand for personalized services and increasing medical tourism, the Malaysian government has rolled out some policies for the establishment of more private hospitals, which is aiding the Malaysia hospital market development.
Malaysia has a booming tourist industry and that is also encouraging the involvement of advanced technologies in the hospitals to establish a digital transformation in Malaysian healthcare industry.
Market Breakup by Ownership
Market Breakup by Type
Market Breakup by Service Type
Market Breakup by Bed Capacity
Market Breakup by Region
Several factors driving the market growth include the presence of viruses and seasonal infections along with COVID-19. Due to the pandemic, the requirement for hospitals has increased in both public and private sectors of Malaysia. The increasing prevalence of chronic diseases, such as cardiovascular disease, kidney diseases, viral infections, has been contributing to the Malaysian hospital market growth.
The ever-changing lifestyle of Malaysian people has also contributed to the growth of the market. Other key factors bolstering the growth of the market include the rising adoption of unhealthy lifestyle, increasing pollution, increased consumption of fast food, along with increasing geriatric population.
Due to the existence of National Heart institute in Malaysia, a lot of people seek treatment for different heart related problems and visit Malaysia from across the globe, especially from the Asia Pacific region. This is one of the key factors aiding the Malaysia hospital market expansion. Also, the success rate of in-vitro fertilization treatment in Malaysia is about 55-60%, resulting in visits of more and more medical tourists. This is expected to support the growth of the market.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Bed Capacity |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 8.06 billion in 2023, driven by the rising incidence of seasonal viral infections.
The market is anticipated to grow at a CAGR of 6.1% during the forecast period of 2024-2032 and reach a market value of USD 13.74 billion by 2032.
The increasing prevalence cardiovascular disease and increasing medical tourists are among the major factors driving the market growth.
The adoption of new technologies due to the increasing medical tourism is a major key trend driving the market growth.
The major regions of the market include Northern and Central, Western, Southern, and Eastern. Northern and central are the currently leading the regional market.
The different types of hospitals in Malaysia include general hospitals, multi-speciality hospitals, and speciality hospitals.
The different ownerships of Malaysian hospitals are public and private.
The offered services at the Malaysian hospital include in-patient services and out-patient services.
The different bed capacities offered by Malaysian hospitals include 100-500 beds, up to 100 beds, above 500 beds.
Key players involved in the market are TMC Life Sciences Berhad, Optimax Holdings Berhad, KPJ Healthcare Berhad, IHH Healthcare Berhad, Mahkota Medical Centre, Ramsay Sime Darby Health Care Sdn Bhd, Columbia Asia Group, Sunway Medical Centre Sdn. Bhd., LYC Healthcare Berhad, and Metro Healthcare Berhad.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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