Malaysia Medical Tourism Outlook 2012

• Publication date: November 2011

Medical tourism is the new buzzword in tourism industry around the globe that has been enhancing revenue portfolio for various other sectors. Healthcare, tourism and spa sectors are all receiving due attention because of large number of tourists visiting other countries for medical treatment. Medical tourism in Malaysia has emerged as the fastest growing segment over the last few years despite the global economic downturn. Healthcare expenses in ...

Medical tourism is the new buzzword in tourism industry around the globe that has been enhancing revenue portfolio for various other sectors. Healthcare, tourism and spa sectors are all receiving due attention because of large number of tourists visiting other countries for medical treatment. Medical tourism in Malaysia has emerged as the fastest growing segment over the last few years despite the global economic downturn. Healthcare expenses in developed countries and the meagre chance to obtain world-class treatment together with the issue of time are leading people to seek affordable healthcare services in developing countries.

According to our research report, “Malaysia Medical Tourism Outlook 2012”, revenue of the Malaysian medical tourism industry is projected to grow at a CAGR of around 21% during 2011-2014. The robust growth in revenue along with medical tourist is being driven by factors, such as cost-effective treatments, skilled medical professionals, and the government support. Wellness centers are being explored to deliver better, safer, and higher quality care to patients.

Moreover, Malaysia offers various alternative medicine including ayurveda, siddha, unani, traditional Chinese medicine, and traditional systems of medicine. Tourists are being fascinated by the alternative medical practices as these practices not only removes any possible additional affects of the illness but also increases the resilience of the body. Besides, these treatments do not necessitate any side effects.

In this report, our team of analysts have analyzed factors critical to the success of the medical tourism industry. They have also identified the key players in the market and provided a detailed description of their businesses. Additionally, the report sheds light on the emerging market drivers, which are expected to decide the future of the Malaysia medical tourism industry.

“Malaysia Medical Tourism Outlook 2012”, provides a 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 our report. In a nutshell, our report provides all prerequisite information to intending clients looking out to venture into these markets and facilitates them to devise strategies, while going for an investment/partnership in Malaysian medical tourism industry.

Medical Facility Industry in Malaysia

1. Analyst View
2. Research Methodology
3. Market Drivers
3.1 Low Tourism Cost
3.2 State of the Art Facilities
3.3 Effective Promotional Activities
3.4 Growing Trend of Cosmetic Surgery
3.5 Medical Tourism Facilitators
3.6 Airlines Promoting Medical Tourism
4. Market Performance
4.1 Tourism Industry Overview
4.2 Medical Tourism Market Outlook
4.3 Healthcare Infrastructure
4.4 Healthcare Packages
4.5 Emerging Market Segments
4.5.1 Spas
4.5.2 Dental Treatment
4.5.3 Cosmetic Surgery
4.5.4 Cardiac Procedures
4.5.5 Alternative Medicine
5. Cost Analysis
6. Government Initiatives
7. Key Players
7.1 KPJ Healthcare Berhad
7.2 Prince Court Medical Centre
7.3 Pantai Medical Centre Berhad
7.4 UKM Specialist Centre
7.5 International Specialist Eye Centre
7.6 Mahkota Medical Centre
7.7 Assunta Hospital

List of Figures:

Figure 4-1: Share of Tourist Arrivals in ASEAN Countries (2010)
Figure 4-2: Tourist Arrivals (Million), 2007-2010
Figure 4-3: Medical Tourist Arrivals by Country (%), 2010
Figure 4-4: Medical Tourist Arrivals (‘000), 2010-2014
Figure 4-5: Medical Tourism Market (Million RM), 2010-2014
Figure 4-6: Number of Hospitals (2005-2009)
Figure 4-7: Number of Hospital Beds (2005-2009)
Figure 4-8: Number of Spas (2006 & 2011)
Figure 4-9: Number of Dentists (2005-2009)

List of Tables:

Table 4-1: Tourist Arrivals from Top 20 Countries (2010)
Table 4-2: Top Medical Tourism Destinations
Table 4-3: Number of Hospitals Providing Special Services (2009)
Table 4-4: Type and Cost of Disease Packages
Table 5-1: Surgical Procedures Cost in Comparison to Other Countries (US$)
Table 5-2: Plastic and Reconstructive Surgery Cost in Comparison to the US and UK (US$)