Medical Tourism in Malaysia: The Lucrative Health Road Map

July 19, 2019 RAWAT 0 Comments

Malaysia is one of the destinations that has experienced the fastest growth of health tourism in Asia and is aimed primarily at Asians traveling for health reasons.

According to the Association of Private Hospitals of Malaysia (APHM), the majority of Malaysian medical tourists come from Indonesia, mainly due to the quality of medical care offered in this country. The same reason attracts patients from other Asian countries such as Bangladesh and Pakistan.

Patients from richer Asian countries such as Singapore and Japan (second and third countries, respectively, from which the largest number of international patients come), visit Malaysia for the prices of medical procedures.

Australians and citizens of the European Union are attracted by the low cost of Medical Tourism in Malaysia, while patients coming from the Middle East visit Malaysia for both the price and the quality of medical care. The country also offers special services to Muslim tourists for their Halal treatment options, such as medicine not derived from pork.

One type of international tourism is skyrocketing relative to others, an article from ElaWoman reveals. Behind the generic name of medical tourism there is a huge "cat's bag". It covers not only traditional medicine but also an extensive range of treatments under the label of "health and well-being". They range from aesthetic to physical or spiritual relaxation.

The size of the market

It is no wonder that countries with the trend are in an eager dispute with each other. After all, there are 14 million patients crossing international borders every year. In each trip spend an average of $ 3,800 and $ 6,000 - between medical expenses, transportation and lodging. According to Lonely Planet, the segment expands to enviable annual rates of 10%, in a market that has already reached 500 billion dollars.

The champions of the sector

The United States leads the world championship category with annual spending estimated at 200 billion dollars, according to the Global Wellness Institute. It has also been possible for US citizens to save medical expenses by up to 90% in India, 80% in Malaysia and Thailand and 65% in Turkey.
The second place is Germany, with expenses of the order of 60 billion dollars. China also has accelerated growth, and from year to year it has doubled spending to $ 30 billion.

Who is the patient?

Potentially, there are two groups interested in this type of international travel. On the one hand, they are those who seek quality services not always available where they live. On the other, those who run behind better costs and deadlines for their medical needs.

The most frequent treatments are dental, elective (non-emergency), fertility, and cosmetic surgeries. Developed countries such as the United States, Germany, England, Japan, Canada and France tend to attract patients interested in more advanced treatments.

In more conventional medicine, the dispute takes place between countries like South Africa, Thailand, Malaysia, Singapore, most of them interested in snatching a little bit of the lode that until recently was exploited only by India. Dubai emerges as a medical hub and already occupies 16th place overall, and wants half a million customers a year by 2020.

The main players

A Patient beyond Borders publication has published a ranking of the top international destinations for medical tourism. They are the United States, Mexico, Costa Rica, Israel, India, Singapore, Malaysia, South Korea, Taiwan, Thailand and Turkey.

Brazil is unfortunately not among the leading countries in medical tourism. It is a pity. After all, along with treatments, international patients consume hotel, transportation, food, tours, products and services. And who else would gain from it the economy of the country.