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Review of the Healthcare System and Medical Device Market in Malaysia – report

  • December 2015
  • -
  • TforG
  • -
  • 28 pages

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This TforG Healthcare Market review report for Malaysia includes numerical and written analysis on the socioeconomic and macroeconomic context and outlook, the healthcare system, and the latest healthcare reforms. Moreover, an extensive chapter is dedicated to the markets for capital equipment, medical devices, disposables and pharmaceuticals.

The report helps businesses gain a unique insight into the socio-economic dynamics, and helps analyze how they affect healthcare systems and their evolution. It can serve as a valuable tool with actionable guidance for sales, marketing, R&D and business managers with industry related interests.

Four chapters cover the numerical and written analysis for the following topics: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts) and the Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).

Economic Outlook:
- Malaysia’s GDP increased by 5.2 percent in 2014 and is expected to remain steady in 2015. This is a nice increase from the 2013 GDP growth rate of 4.7 percent.
- GDP growth is expected to remain anchored by domestic demand, with additional support from improvement in the external environment.
- Inflation had only a marginal increase from 2.2 in 2013 to 2.4 in 2014 and is expected to reach 2.6 in 2015.
- The country’s 2013 unemployment rate was 3 percent in 2013 and TforG projections show it to remain steady in the years 2014 and 2015.

The Healthcare System:
- Funding for the public sector is dispensed through the Ministry of Health and comes from the local governments general revenue.
- The Public sector is organized under a “civil service” structure and is centrally administered by the Ministry of Health (MOH).
- The Malaysian healthcare system is made up of tax-funded and government-run universal services as well as a rapidly growing private sector.
- The healthcare sector has also been identified as one of the twelve key economic areas which would be a driver for Malaysia’s economic performance.

Reforms:
- Transforming delivery of the healthcare system.
- Increasing quality, capacity and coverage of the healthcare infrastructure.
- Shifting towards wellness and disease prevention, rather than treatment.
- Increasing the quality of human resources for health (HRH).

The Markets:
- The private healthcare sector is estimated to generate about € 3.3 bln in revenue by 2015 with a continued projected growth until 2018.
- Medical tourism is seeing a boost as the government is focusing on attracting foreign patients. This subsector has also been identified as a driver for private sector expansion.
- Having already established itself as an exporter of disposables, Malaysia is looking to develop their own non-disposable medical device manufacturers.

Reasons to buy:
– Accurate analysis of trends, opportunities and challenges of the economy and healthcare industry
– Relevant healthcare reforms
– Written and numerical analysis on important healthcare indicators (eg.: acute care data, critical care data, anesthesia data, emergency data, healthcare professionals)
– Regularly updates, at least once year
– Every update published by TforG within 6 months after your purchase will be made available to you
– Global coverage, available for + 40 countries
– Unique insight into the socio-economic dynamics, and analysis of their effect on healthcare systems

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