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Published Date: 2017-02-27Number of Pages: 105

Medical Tourism Market (Procedure Type - Cardio Internal Medicine, Cardiothoracic Surgery Oncology, Fertility Treatments, Orthopedic Treatment, Dental Treatment, Ophthalmology, Aesthetics/Cosmetic Surgery, Neurology, Regenerative Therapy, Medical Check-Ups, and Kidney and Liver Transplants) - Malaysia Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Malaysia Medical Tourism Market: Snapshot

The medical tourism market in Malaysia is forecast to grow at a robust pace between 2016 and 2024. Persistent government activities synergizing the medical tourism industry and lower cost of medical services compared to their counterparts in developed nations are boosting the medical tourism market in Malaysia. Over the course of the forecast period from 2016 to 2024, the market is poised to exhibit an impressive 30.05% CAGR. At this pace, its valuation is expected to increase from US$424.96 mn in 2016 to US$3.5 bn before 2024 ends.

Accelerated pace of gains is on cards due to the increasing influx of medical tourists from MENA and neighboring countries. Besides this, the market will gain from various macro-economic factors such as tax exemptions by government on revenue generated from foreign patients and excellent transport and recuperation facilities. While the regional players will continue exhibiting promising growth, the established players might emerge as major gainers rendering the vendor landscape of Malaysia medical tourism market consolidated.

Other factors such as low language barrier and the presence of sophisticated healthcare infrastructure will continue fuelling opportunities in the medical tourism market of Malaysia.

malaysia medical tourism market

 

Medical Travelers from Indonesia Highest in Number

Country-wise, the influx of medical tourists from the neighboring country Indonesia is recorded at the highest. In addition, the nation welcomes an increasing number of medical travelers from India, China, Nepal, Iran, Libya, Australia, the U.S., and the U.K. The healthcare industry in Malaysia has been identified as one of the 12 national key economic areas hence, the nation’s government keep no stone unturned to attract an increasing number of foreign patients every year. For instance, it offers lucrative incentives and tax exemptions on revenue generated from medical travelers. Besides this, the government of Malaysia has developed the Malaysia healthcare travel council (MHTC) within its healthcare ministry to support foreign patients and their families visiting Malaysia in every way possible.

In order to woo patients from the Middle-east the country maintains favorable stance on the Halal medical tourism. Hence several hospitals in the nation offer halal medical services to patients from the Middle East country. Under these services, the hospitals provide a full range of Muslim friendly services to their patients. Medical tourism assistance centers are also set up in places to help patients and their families traveling from the Middle East or other nations with Islam dominance.

Demand for Dental Treatment Recorded the Highest

Among the segments based on procedure type, the Malaysia medial tourism market was dominated by dental treatment in 2016. The aesthetics/cosmetic surgery segment trailed closely emerging as the second-leading market segment in the same year. According to TMR, approximately 36.6% of the medical tourists visiting Malaysia opt for dental treatment. Factors such as the low cost of services compared to those offered in the U.S. and favorable government activities are expected to aid growth witnessed in the aforementioned categories. Besides this, the market is forecast to witness rising demand for orthopedic treatment, cosmetic surgeries, and regular health screening. These segments, coupled with the field of dental treatment, occupied over 70% of the overall medical tourism market in Malaysia.

Some of the key enterprises operating in the Malaysia medical tourism market are Pantai Holdings Berhad, KPJ Healthcare Berhad, Dentalpro Group, Prince Court Medical Centre, Island Hospital, IJN Health Institute, Mahkota Medical Centre, Sunway Medical Centre, LohGuanLye Specialists Centre, and Tropicana Medical Centre.

1. Preface
     1.1. Market Definition and Scope
     1.2. Market Segmentation
     1.3. Key Research Objectives
     1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Malaysia Medical Tourism Market

4. Market Overview
     4.1. Introduction
            4.1.1. Procedure Type Definition
            4.1.2. Industry Evolution / Developments
     4.2. Overview
     4.3. Key Market Indicators
     4.4. Market Dynamics
            4.4.1. Drivers
            4.4.2. Restraints
            4.4.3. Opportunity
     4.5. Malaysia Medical Tourism Market Analysis and Forecasts, 2016–2024
            4.5.1. Market Volume Projections, 2016–2024
            4.5.2. Pricing - Actuals and Projections, 2016–2024
            4.5.3. Market Revenue Projections (US$ Mn)
     4.6. Malaysia Medical Tourism Market - Global Supply Demand Scenario
     4.7. Porter’s Five Force Analysis
     4.8. Global Medical Tourism Market Value (In US$ Mn) and Volume (In number of procedures) Forecast By Procedure Type , 2016–2024
     4.9. ASEAN Medical Tourism Market Value (In US$ Mn) and Volume (In number of procedures) Forecast By Procedure Type , 2016–2024
     4.10. Market Outlook

5. Malaysia Medical Tourism Market Analysis and Forecasts, By Procedure Type 
     5.1. Introduction & Definition
     5.2. Key Findings / Developments
     5.3. Key Trends
     5.4. Market Value (In US$ Mn) and Volume (In number of procedures) Forecast By Procedure Type , 2016–2024
            5.4.1. Cardio (Internal medicine)
                     5.4.1.1. Angiogram 
                     5.4.1.2. ASD closure
                     5.4.1.3. Atherectomy
                     5.4.1.4. Pacemakers
                     5.4.1.5. Radiofrequency ablation
                     5.4.1.6. Watchmen device implants
                     5.4.1.7. Cardio (Internal medicine) consultation
                     5.4.1.8. Angioplasty
                     5.4.1.9. Others
            5.4.2. Cardiothoracic Surgery
                     5.4.2.1. Heart Valve Replacement 
                     5.4.2.2. Coronary artery bypass
                     5.4.2.3. Heart transplant
                     5.4.2.4. Stenting
                     5.4.2.5. Cardiothoracic consultation
                     5.4.2.6. Other Procedures (Cardiomyoplasty, PTMC Valve)
            5.4.3. Oncology
                     5.4.3.1. Bone Marrow Transplant
                     5.4.3.2. Oncology consultation
                     5.4.3.3. Other procedures
            5.4.4. Fertility treatments (IVF)
                     5.4.4.1. Embryo Transplants
                     5.4.4.2. Fertility treatments (IVF) consultation
                     5.4.4.3. Other procedures
            5.4.5. Orthopedic treatment 
                     5.4.5.1. Arthroplasty
                     5.4.5.2. Arthroscopy
                     5.4.5.3. Fracture repair
                     5.4.5.4. Hip replacement
                     5.4.5.5. Internal fixations
                     5.4.5.6. Knee replacement
                     5.4.5.7. Physiotherapy
                     5.4.5.8. Orthopedic consultation
            5.4.6. Dental treatment 
                     5.4.6.1. Dental Implants
                     5.4.6.2. Dental treatment consultation
                     5.4.6.3. Other procedures
            5.4.7. Ophthalmology
                     5.4.7.1. Corneal Transplants
                     5.4.7.2. Ophthalmology consultation
                     5.4.7.3. Other procedures
            5.4.8. Aesthetics / Cosmetic Surgery
                     5.4.8.1. Hair Transplants
                     5.4.8.2. Breast Augmentation Procedures
                     5.4.8.3. Rhinoplasty
                     5.4.8.4. Face Lift
                     5.4.8.5. Liposuction
                     5.4.8.6. Tummy Tuck
                     5.4.8.7. Aesthetics / Cosmetic consultation
                     5.4.8.8. Other procedures
            5.4.9. Neurology
                     5.4.9.1. Brain Surgery
                     5.4.9.2. Neurology consultation
                     5.4.9.3. Other procedures
            5.4.10. Regenerative Therapy (Stem cells)
                     5.4.10.1. Stem Cell Transplant
                     5.4.10.2. Regenerative Therapy consultation
                     5.4.10.3. Other procedures
            5.4.11. Medical check – ups (Health screening)
            5.4.12. Others
                     5.4.12.1. Kidney and Liver Transplants
                     5.4.12.2. Other general consultation
                     5.4.12.3. Other procedures
     5.5. Procedure Type Comparison Matrix
     5.6. Market Attractiveness By Procedure Type 

6. Competition Landscape
     6.1. Market Player – Competition Matrix (By Tier and Size of companies)
     6.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
            6.2.1. KPJ Healthcare Berhad
                     6.2.1.1. Financial Overview
                     6.2.1.2. Product Portfolio
                     6.2.1.3. Business Strategies
                     6.2.1.4. Recent Developments
            6.2.2. Pantai Holdings Berhad
                     6.2.2.1. Financial Overview
                     6.2.2.2. Product Portfolio
                     6.2.2.3. Business Strategies
                     6.2.2.4. Recent Developments
            6.2.3. Prince Court Medical Centre
                     6.2.3.1. Financial Overview
                     6.2.3.2. Product Portfolio
                     6.2.3.3. Business Strategies
                     6.2.3.4. Recent Developments
            6.2.4. Dentalpro Group
                     6.2.4.1. Financial Overview
                     6.2.4.2. Product Portfolio
                     6.2.4.3. Business Strategies
                     6.2.4.4. Recent Developments
            6.2.5. Sunway Medical Centre
                     6.2.5.1. Financial Overview
                     6.2.5.2. Product Portfolio
                     6.2.5.3. Business Strategies
                     6.2.5.4. Recent Developments
            6.2.6. IJN Health Institute
                     6.2.6.1. Financial Overview
                     6.2.6.2. Product Portfolio
                     6.2.6.3. Business Strategies
                     6.2.6.4. Recent Developments
            6.2.7. Island Hospital
                     6.2.7.1. Financial Overview
                     6.2.7.2. Product Portfolio
                     6.2.7.3. Business Strategies
                     6.2.7.4. Recent Developments
            6.2.8. LohGuanLye Specialists Centre
                     6.2.8.1. Financial Overview
                     6.2.8.2. Product Portfolio
                     6.2.8.3. Business Strategies
                     6.2.8.4. Recent Developments
            6.2.9. Mahkota Medical Centre
                     6.2.9.1. Financial Overview
                     6.2.9.2. Product Portfolio
                     6.2.9.3. Business Strategies
                     6.2.9.4. Recent Developments
            6.2.10. Tropicana Medical Centre
                     6.2.10.1. Financial Overview
                     6.2.10.2. Product Portfolio
                     6.2.10.3. Business Strategies
                     6.2.10.4. Recent Developments

List of Figures

Figure 01: Malaysia Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 02: Malaysia Medical Tourism Market, Country wise contribution 2015
Figure 03: Market Value Share (%), by Procedure Type (2015)
Figure 04: Malaysia Medical Tourism Market Value Share Analysis, by Procedure Type, 2015 and 2024
Figure 05: Cardio (internal medicine) Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 06: Cardiothoracic Surgery Market Size (US$ Mn), 2014–2024
Figure 07: Oncology Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 08: Fertility treatments (IVF) Market Size (US$ Mn), 2014–2024
Figure 09: Orthopedic treatment Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 10: Dental treatment Market Size (US$ Mn), 2014–2024
Figure 11: Ophthalmology Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 12: Aesthetics / Cosmetic Surgery Market Size (US$ Mn), 2014–2024
Figure 13: Neurology Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 14: Regenerative Therapy (stem cell) Market Size (US$ Mn), 2014–2024
Figure 15: Medical Check-ups (health screening) Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 16: Others Market Size (US$ Mn), 2014–2024
Figure 17: Malaysia Medical Tourism Market Attractiveness Analysis, by Procedure Type, 2015
Figure 01: Malaysia Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures), 2014–2024
Figure 02: Malaysia Medical Tourism Market, Country wise contribution 2015
Figure 03: Market Value Share (%), by Procedure Type (2015)

List of Tables

Table 01: Global Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures) Forecast, By Procedure Type, 2015–2024
Table 02: ASEAN Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures) Forecast, By Procedure Type, 2015–2024
Table 03: Country wise Cost Comparison of Various Procedure Types (US$)
Table 02: Malaysia Medical Tourism Market Size (US$ Mn) Forecast, By Procedure Type, 2015–2024
Table 03: Malaysia Medical Tourism Market Volume (No. of Procedures) Forecast, By Procedure Type, 2015–2024
Table 04: Malaysia Medical Tourism Market Size (US$ Mn) Forecast, By Cardio (internal medicine), 2015–2024
Table 05: Malaysia Medical Tourism Market Volume (No. of Procedures) Forecast, By Cardio (internal medicine), 2015–2024
Table 06: Malaysia Medical Tourism Market Pricing Forecast (US$), By Cardio (internal medicine), 2015–2024
Table 07: Malaysia Medical Tourism Market Size (US$ Mn) Forecast, By Cardiothoracic Surgery, 2015–2024
Table 08: Malaysia Medical Tourism Market Volume (No. of Procedures) Forecast, By Cardiothoracic Surgery, 2015–2024
Table 09: Malaysia Medical Tourism Market Pricing Forecast (US$), By Cardiothoracic Surgery, 2015–2024
Table 10: Malaysia Medical Tourism Market Size (US$ Mn), Volume (No. of Procedures) and Pricing (US$) Forecast, By Oncology, 2015–2024
Table 11: Malaysia Medical Tourism Market Size (US$ Mn), Volume (No. of Procedures) and Pricing (US$) Forecast, Fertility treatments (IVF), 2015–2024
Table 12: Malaysia Medical Tourism Market Size (US$ Mn) Forecast, By Orthopedic treatment, 2015–2024
Table 13: Malaysia Medical Tourism Market Volume (No. of Procedures) Forecast, By Orthopedic treatment, 2015–2024
Table 14: Malaysia Medical Tourism Market Pricing Forecast (US$), By Orthopedic treatment, 2015–2024
Table 15: Malaysia Medical Tourism Market Size (US$ Mn), Volume (No. of Procedures) and Pricing (US$) Forecast, By Dental treatment, 2015–2024
Table 16: Malaysia Medical Tourism Market Size (US$ Mn), Volume (No. of Procedures) and Pricing (US$) Forecast, By Ophthalmology, 2015–2024
Table 17: Malaysia Medical Tourism Market Size (US$ Mn) Forecast, By Aesthetics/Cosmetic Surgery, 2015–2024
Table 18: Malaysia Medical Tourism Market Volume (No. of Procedures) Forecast, By Aesthetics/Cosmetic Surgery, 2015–2024
Table 19: Malaysia Medical Tourism Market Pricing Forecast (US$), By Aesthetics/Cosmetic Surgery, 2015–2024
Table 20: Malaysia Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures) Forecast, By Neurology, 2015–2024
Table 21: Malaysia Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures) Forecast, By Regenerative Therapy (Stem cells), 2015–2024
Table 22: Malaysia Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures) Forecast, By Medical check – ups (Health screening), 2015–2024
Table 24: Malaysia Medical Tourism Market Size (US$ Mn) and Volume (No. of Procedures) Forecast, By Others, 2015–2024

Malaysia Medical Tourism Market: Overview

In terms of revenue, the Malaysia medical tourism market is expected to register a CAGR of 30.5% during the forecast period, 2016–2024. The primary objective of the report is to offer insights on the market dynamics that can influence growth of the Malaysia medical tourism market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the Malaysia medical tourism market are presented in the report.

Malaysia Medical Tourism Market: Drivers and Restraints

The Malaysia medical tourism market is expected to witness significant growth rate in terms of value owing to high quality treatment at low cost, strong health care infrastructure, low language barrier and increasing government initiatives for medical tourism contributes to growth of the Malaysia medical tourism market. Moreover, excellent recuperation facilities and transportation are creating high potential growth opportunities for players operating in the Malaysia medical tourism market. Revenue from the medical tourism market in Malaysia is expected to expand at the relatively higher CAGR due to rising number of medical travelers to Malaysia and introduction of advanced treatment facilities in Malaysia. To understand and assess opportunities in this market, the report offers market forecast on the basis of medical procedure types carried in Malaysia. The report provides analysis of the Malaysia medical tourism market in terms of market value (US$ Mn) and volume (In number of procedures).

The Malaysia medical tourism market is segmented on the basis of procedure type:

  • Cardio (Internal medicine)
  • Cardiothoracic Surgery
  • Oncology
  • Fertility treatments (IVF)
  • Orthopedic treatment
  • Dental treatment
  • Ophthalmology
  • Aesthetics / Cosmetic Surgery
  • Neurology
  • Regenerative Therapy (Stem cells)
  • Medical check – ups (Health screening)
  • Others

The report begins with the market definition, followed by definitions of the different procedure types and subsequent sub segments. The market dynamics section includes TMR’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the Malaysia medical tourism market.? 

Malaysia Medical Tourism Market: Scope of the Report

Next, the report analyses the market on the basis of regions and presents forecast in terms of value for the next 10 years. In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the Malaysia medical tourism market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked, while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by medical tourism in Malaysia. To understand key segments in terms of their growth and performance in the Malaysia medical tourism market, Transparency market research has developed a market attractiveness index. The resulting index would help providers identify existing market opportunities.? 

Malaysia Medical Tourism Market: Competitive Scenario

In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the Malaysia medical tourism market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the Malaysia medical tourism market and the potential players. However, this section also includes market strategies and SWOT analysis of the main players operational in the Malaysia medical tourism market.

Detailed profiles of players operating in Malaysia medical tourism market are also included in the scope of the report to evaluate their long- and short-term strategies. Key players included in this report are KPJ Healthcare Berhad, Pantai Holdings Berhad, Prince Court Medical Centre, Dentalpro Group, Sunway Medical Centre, IJN Health Institute, Island Hospital, LohGuanLye Specialists Centre, Mahkota Medical Centre, and Tropicana Medical Centre., among others.

Malaysia medical tourism market has been segmented as follows:

Malaysia medical tourism Market, By Procedure Type

  • Cardio (Internal medicine)
    • Angiogram
    • Angioplasty
    • ASD closure
    • Atherectomy
    • Pacemakers
    • Radiofrequency ablation
    • Watchmen device implants
    • Cardio (Internal medicine) consultation
    • Others
  • Cardiothoracic Surgery
    • Heart Valve Replacement
    • Coronary artery bypass
    • Heart transplant
    • Stenting
    • Cardiothoracic consultation
    • Other Procedures (Cardiomyoplasty, PTMC Valve)
  • Oncology
    • Bone Marrow Transplant
    • Oncology consultation
    • Other procedures
  • Fertility treatments (IVF)
    • Embryo Transplants
    • Fertility treatments (IVF) consultation
    • Other procedures
  • Orthopedic treatment
    • Arthroplasty
    • Arthroscopy
    • Fracture repair
    • Hip replacement
    • Internal fixations
    • Knee replacement
    • Physiotherapy
    • Orthopedic consultation
  • Dental treatment
    • Dental Implants
    • Dental treatment consultation
    • Other procedures
  • Ophthalmology
    • Corneal Transplants
    • Ophthalmology consultation
    • Other procedures
  • Aesthetics / Cosmetic Surgery
    • Hair Transplants
    • Breast Augmentation Procedures
    • Rhinoplasty
    • Face Lift
    • Liposuction
    • Tummy Tuck
    • Aesthetics / Cosmetic consultation
    • Other procedures
  • Neurology
    • Brain Surgery
    • Neurology consultation
    • Other procedures
  • Regenerative Therapy (Stem cells)
    • Stem Cell Transplant
    • Regenerative Therapy (Stem cells) consultation
    • Other procedures
  • Medical check – ups (Health screening)
  • Others
    • Kidney and Liver Transplants
    • Other general consultation
    • Other procedures


 
 
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