Malaysia Hospital Market stood at USD6801.77 million in 2021 and is expected to grow at a steady CAGR of 6.98% during the forecast period. This can be attributed to the increasing penetration of hospital chains and medical tourism in Malaysia. Medical Tourism has significantly increased in Malaysia since 2011. In 2019, around 1.22 million people traveled to Malaysia for availing different types of medical services.

Additionally, the sudden outbreak and spread of pandemic COVID-19 has led to an increase in demand for public as well as private hospitals. This in turn has fueled the market growth of Hospital Market in Malaysia. Additionally, growing cases of different types of infectious and non-infectious diseases in Malaysia will increase the number of hospitals.

Apart from that, changing lifestyle will contribute to an increase in different types of diseases, further enhancing the growth rate of the hospital market. Also, the flourishing healthcare industry and increasing healthcare expenditure by both the governments and population across the regions of Malaysia is expected to foster market growth during the forecast period.

Growing Medical Tourism Driving Market Growth

According to the Association of Southeast Asian Nations, most individuals prefer Malaysia for medical treatment. According to the Malaysia Healthcare Travel Council (MHTC), the country received over one million medical tourists in 2019, bringing in over USD413 million in income (1.8 billion ringgit). Malaysia is quite popular in terms of providing treatment for fertility issues and heart problems.

The presence of National Heart institute in Malaysia attracts a lot of patients for the treatment of different heart related problems across the globe, especially from the Asia Pacific region. Also, the in-vitro fertilization treatment success rate is about 55-60% in Malaysia, thereby attracting more and more medical tourists. This, in turn, is expected to support the growth of the Malaysia Hospital Market, especially the private hospitals' segment.

Growing Penetration of Hospital Chains Supporting Market Growth

Over the forecast period, the Malaysia hospital market is expected to grow due to the increasing penetration of several corporate hospital chains across the country, particularly in the Western region, which provides improved healthcare facilities. Also, these hospitals are equipped with the latest medical devices and equipment and best-in-industry specialists for the treatment of various diseases.

Several hospitals are expanding by acquiring or working with other hospitals. For instance, Ramsay Sime Darby Health Care Sdn Bhd acquired Manipal Hospitals Klang, a 220-bed seven-story hospital in Klang, Malaysia, in May 2021. Similarly, LYC Healthcare will soon start a new division known as LYC Fertility Centre in collaboration with University Malaya Medical Centre.

Government Initiatives to Support Market Growth

Malaysia has seen an increase in the number of medical institutions certified by MHTC, which is not limited to medical tourism. With 79 hospitals and clinics, MHTC has formed a joint venture. There are two types of clinics: elite and ordinary. International healthcare organizations such as the Australian Council on Healthcare Standards (ACHS), Accreditations Canada, and the CHKS Accreditation Unit acknowledge elite hospitals (UK).

All foreign personnel working in Malaysian hospitals are also issued passes by the government. Malaysian and non-Malaysian experts, as well as non-Malaysian spouses, are eligible to work at Malaysian hospitals with these passes. Companies that are developing or remodeling healthcare facilities are likewise excluded from paying income tax. All these factors are projected to contribute to market expansion.


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Market Segmentation

The Malaysia Hospital Market is segmented based on ownership, type, type of services, bed capacity, company, and regional distribution.

Based ownership, the market can be split into public and private. Based on type the market can be divided into general, multispecialty, and specialty.

In terms of type of services, the market divided into in-patient services and out-patient services.

Based on bed capacity the market is spilt into 100-500 beds, up to 100 beds, and above 500 beds. Regionally, the market can be split into West Malaysia and East Malaysia.

Company Profiles

KPJ Healthcare Berhad, IHH Healthcare Berhad, Ramsay Sime Darby Health Care Sdn Bhd, Columbia Asia Group, Sunway Medical Centre Sdn. Bhd., LYC Healthcare Berhad, Metro Healthcare Berhad, TMC Life Sciences Berhad, Optimax Holdings Berhad, Mahkota Medical Centre, are among the major market players in the Malaysia Hospital Market.

Attribute

Details

Market size value in 2021

USD 6801.77 Million

Revenue Forecast in 2027

USD 10355.15 Million

Growth Rate

6.98%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Ownership

·         Type

·         Type of Services

·         Bed Capacity

Regional Scope

West Malaysia; East Malaysia

Key Companies Profiled

KPJ Healthcare Berhad, IHH Healthcare Berhad, Ramsay Sime Darby Health Care Sdn Bhd, Columbia Asia Group, Sunway Medical Centre Sdn. Bhd., LYC Healthcare Berhad, Metro Healthcare Berhad, TMC Life Sciences Berhad, Optimax Holdings Berhad, Mahkota Medical Centre

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Malaysia Hospital Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Malaysia Hospital Market, By Ownership:
    • Public
    • Private
  • Malaysia Hospital Market, By Type:
    • General
    • Multispecialty
    • Specialty
  • Malaysia Hospital Market, By Type of Services:
    • In-Patient Services
    • Out-Patient Services
  • Malaysia Hospital Market, By Bed Capacity:
    • 100-500 Beds
    • Up to 100 beds
    • Above 500 beds
  • Malaysia Hospital Market, By Region:
    • West Malaysia
    • East Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Malaysia Hospital Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Service Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Malaysia Hospital Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Preference, By Ownership

5.3.  Preference, By Type

5.4.  Preference, By Type of Services

6.    Malaysia Hospital Market Outlook, 2017-2027F

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Ownership (Public v/s Private)

6.2.2.     By Type (General, Multispecialty, Specialty)

6.2.3.     By Type of Services (In-Patient Services v/s Out-Patient Services)

6.2.4.     By Bed Capacity (100-500 beds, up to 100 beds, above 500 beds)

6.2.5.     By Region  

6.2.6.     By Company (2021)

6.3.  Product Market Map (By Ownership, By Type, By Type of Services, By Bed Capacity, By Region)

7.    Malaysia Public Hospital Market Outlook, 2017-2027F

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Type of Services

7.2.3.     By Bed Capacity

8.    Malaysia Private Hospital Market Outlook, 2017-2027F

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Type of Services

8.2.3.     By Bed Capacity

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy and Regulatory Landscape

12.  Malaysia Economic Profile

13.  Competitive Landscape

13.1.              KPJ Healthcare Berhad

13.2.              IHH Healthcare Berhad

13.3.              Ramsay Sime Darby Health Care Sdn Bhd

13.4.              Columbia Asia Group

13.5.              Sunway Medical Centre Sdn. Bhd.

13.6.              LYC Healthcare Berhad

13.7.              Metro Healthcare Berhad

13.8.              TMC Life Sciences Berhad

13.9.              Optimax Holdings Berhad

13.10.            Mahkota Medical Centre

14.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • List of Figures:

    Figure 1: Malaysia Hospital Market Size, By Value (USD Million), 2017-2027F

    Figure 2: Malaysia Hospital Market Share, By Ownership, 2017-2027F

    Figure 3: Malaysia Hospital Market Share, By Type, 2017-2027F

    Figure 4: Malaysia Hospital Market Share, By Type of Services, 2017-2027F

    Figure 5: Malaysia Hospital Market Share, By Bed Capacity, 2017-2027F

    Figure 6: Malaysia Hospital Market Share, By Region, 2017-2027F

    Figure 7: Malaysia Health Expenditure, By State (USD Million), 2020

    Figure 8: Malaysia Market Share, By Company, By Value, 2021

    Figure 9: Malaysia Hospital Market Map, By Ownership, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 10: Malaysia Hospital Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 11: Malaysia Hospital Market Map, By Type of Services, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 12: Malaysia Hospital Market Map, By Bed Capacity, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 13: Malaysia Hospital Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 14: Malaysia Public Hospital Market Size, By Value (USD Million), 2017-2027F

    Figure 15: Malaysia Public Hospital Market Share, By Type, 2017-2027F

    Figure 16: Malaysia Public Hospital Market Share, By Type of Services, 2017-2027F

    Figure 17: Malaysia Public Hospital Market Share, By Bed Capacity, 2017-2027F

    Figure 18: Malaysia Private Hospital Market Size, By Value (USD Million), 2017-2027F

    Figure 19: Malaysia Private Hospital Market Share, By Type, 2017-2027F

    Figure 20: Malaysia Private Hospital Market Share, By Type of Services, 2017-2027F

    Figure 21: Malaysia Private Hospital Market Share, By Bed Capacity, 2017-2027F


    List of Tables:   

    Table 1: Smart Hospital Applications as of January 2022

    Table 2: Medical Platform Applications as of January 2022

    Table 3: Malaysia Per Capita Health Expenditure, (USD Million), 2014-2020