The Sparkle Of The Collaboration
Together We Create
Quality Professional Medical Innovation
According to the Economist Intelligence Unit (EIU), the medical sub sector expanded over 20% from year 2011 to 2014. Initial projected growth annually – 10% till year 2020, actual figures show close to 30%.
In year 2019, the International Medical Travel Journal’s Medical Travel Award was mostly swept by Malaysia, making it ” the Medical Destination of the year” for 5 years in a row.
Malaysia’s strength lies in its world class medical infrastructure priced at non premium rates as compared to Singapore, Thailand and Western Countries.
Aside from medical tourism, Malaysia’s pharmaceutical and medical device manufacturing is projected to be valued at a combined USD 3.6billion by year 2020, comprising of more than 5% of the world market share.
Why Medical Industry?
International Medical Industry Preview
A sector unaffected by economic, political and racial factors.
With the advent of the Globalization Era, people across the countries have been making their moves into the medical tourism activities.
According to the U.S. Financial Planning Association (FPA)
- In 2006, there were 500,000 Americans are visiting Asian and Eastern European countries such as Malaysia, India, Thailand and Singapore for medical and beauty treatment.
- In 2010, the global tourism industry will reach output value of USD 40 Billion.
Malaysia Medical Industry Prospects
Medical Business Prospects
Malaysia’s medical market valued at USD 1.82 billion in 2012, and achieved 11% growth rate annually.
Malaysia’s annual healthcare expenses exceeds USD 360 per capita.