Malaysia Hospital Market to Surpass USD10355 Million by 2027
Growing penetration of hospital chains and medical tourism in Malaysia are driving the growth of Malaysia Hospital Market in the forecast period. According to TechSci Research report, “ Malaysia Hospital Market - By Region, Competition, Forecast & Opportunities, 2017-2027F” , the Malaysia Hospital Market stood at USD6801.77 million in 2021 and is expected to grow at a CAGR of 6.98% during the forecast period. This can be ascribed to the growing geriatric population across the country, which is susceptible to various communicable and non-communicable diseases. Furthermore, rising burden of various chronic diseases such as cancer, diabetes, cardiovascular diseases, among others across the country is further expected to support the market growth through 2027. According to Global Cancer Observatory, in 2020, around 48,639 new cancer cases were reported in Malaysia out of which 23,052 cases were observed in males and 25,587 in females. However, high cost of establishme...