Medical Tourism Market to Flourish in Malaysia
According to our research report, “Malaysia Medical Tourism Outlook 2012”, Malaysia has emerged as a hub of medical brilliance with its supreme quality services and skilled and well-trained medical specialists. Its network of private hospitals provides wide-ranging services across all medical fields. Rising treatment costs around the world, especially in countries, such as the US and the UK along with trauma related to waiting list have prompted the residents to search for other alternatives. In such a scenario, emergence of Malaysia as an effective health tourism hub is a major relief for global patients. Ongoing research revealed that, stupendous rise in the flow of foreign patients to Malaysia can be attributed to factors, such as improving healthcare infrastructure, increasing number of corporate hospitals, expert doctors, high success rate of complex surgeries, low-cost treatment, almost zero waiting-time, and the unique combination of treatment & vacation. Overall, the numbers of foreigners seeking healthcare services in Malaysia are expected to surge at a CAGR of around 19% during the forecast period 2011-2014.
Besides, the Malaysian Government has adopted various strategies to promote health tourism to attract patients from the Asian, Middle Eastern, and other regions. The country is also being promoted as a cost-effective healthcare destination with well-skilled medical professionals. Basic health screening services are also likely to be heavily promoted. Thus, the host of splendid strengths along with rising promotional activities from the government’s end and the support of private players have resulted in high number of tourists arrivals in the country during the last few years.
“Malaysia Medical Tourism Outlook 2012”, provides thorough analysis of the current market performance and future outlook of Malaysia’s medical tourism industry. It acknowledges the fact that; Malaysia differs vastly from other destinations in terms of cost, infrastructure, human resources, patient perceptions, competencies, and the level of government support. All these factors have been thoroughly studied in the report. Overall, the report provides valuable information to clients looking to venture into these markets and helps them to devise strategies, while going for an investment/partnership in Malaysia.
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