Medical tourism in Malaysia to grow at a CAGR of over 20% by 2012According to the new research report titled "Malaysia Medical Tourism Outlook 2012", medical tourist arrivals in Malaysia are expected to grow continuously in coming years.
The Malaysian medical tourism market is forecasted to grow at a CAGR of over 20% from now until 2012.
Malaysia has one of the most developed healthcare infrastructures in the region and the Malaysian government is actively promoting the medical tourism industry as a strategic industry in healthcare sector.
The government has simplified entry formalities for patients and the Immigration Department of Malaysia has implemented the Green Lane System at main entry points which expedites custom clearance for medical travelers.
Another factor driving the growth of the medical tourism industry in Malaysia is the low cost of treatment.
International medical travelers' will receive huge savings in medical costs in Malaysia that generally amount to as much as 50%-75% of the costs for the same surgeries and procedures in the US and other developed countries of Europe.
The number of medical tourist arrivals in Malaysia has been further boosted by the low airfare costs provided by local carriers like Malaysia Airlines and Firefly.
"Malaysia Medical Tourism Outlook 2012" provides an in-depth analysis of the present and future prospects of the Malaysian medical tourism industry.
The report looks into Malaysia's medical tourism industry in detail with the focus on different parameters like inbound tourism, expenditure by inbound tourists, healthcare infrastructure, etc.
This report provides strategic insights to clients to assess the opportunities for their success in the Malaysian medical tourism industry.
The research also provides forecasts of vital industry segments, including international tourist arrivals, international tourism receipts, medical tourist arrivals and medical tourism receipts.
Source: etravelblackboardasia.com15 September 2009 Back to list