Ideas That Generate Results
Malaysia Medical Tourism Outlook 2012
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.