Malaysia Hospital Market Report and Forecast 2024-2032

Malaysia Hospital Market Outlook

The Malaysia hospital market size was valued at USD 8.06 billion in 2023, driven by the rise in the geriatric population across Malaysia. The market size is anticipated to grow at a CAGR of 6.1% during the forecast period of 2024-2032 to achieve a value of USD 13.74 billion by 2032.

Hospital: Introduction

Hospitals are healthcare institutions which provide treatments and health facilities like diagnosis, medical testing and sampling, and patient admissions in conditions where the patient is required to be put under observation for more than a day. Hospitals has different facilities and dedicated trauma departments, emergency departments, intensive care units and multiple others to take care of maximum patients at a time. The larger the hospital, maximum the staff members to provide the healthcare services. These staff members are doctors, nurses, ward members, assistants, healthcare specialists and receptionists, janitors to take care of the sanitation of hospitals.

Malaysia hospital Market Analysis

The rapid increase in burden of chronic diseases and the increasing demand for healthcare services is primarily driving the market growth. A steady rise in healthcare expenditure has been witnessed in Malaysia, driven by factors such as population growth, rising chronic diseases, and increasing demand for quality healthcare services. Owing to the expansion and modernization of hospitals, there has been a significant upgradation of medical equipment and healthcare infrastructure, which is directly contributing to the Malaysia hospital market growth.

Due to the increasing demand for personalized services and increasing medical tourism, the Malaysian government has rolled out some policies for the establishment of more private hospitals, which is aiding the Malaysia hospital market development.

Malaysia has a booming tourist industry and that is also encouraging the involvement of advanced technologies in the hospitals to establish a digital transformation in Malaysian healthcare industry.

Malaysia Hospital Market Segmentations

Market Breakup by Ownership

• Public 

• Private

Market Breakup by Type

• General 

• Multispecialty 

• Specialty

Market Breakup by Service Type

• In-Patient Services

• Out-Patient Services

Market Breakup by Bed Capacity

• 100-500 Beds  

• Up to 100 beds  

• Above 500 beds

Market Breakup by Region

• Northern and Central 

• Western 

• Southern 

• Eastern

Malaysia hospital Market Overview

Several factors driving the market growth include the presence of viruses and seasonal infections along with COVID-19. Due to the pandemic, the requirement for hospitals has increased in both public and private sectors of Malaysia. The increasing prevalence of chronic diseases, such as cardiovascular disease, kidney diseases, viral infections, has been contributing to the Malaysian hospital market growth.

The ever-changing lifestyle of Malaysian people has also contributed to the growth of the market. Other key factors bolstering the growth of the market include the rising adoption of unhealthy lifestyle, increasing pollution, increased consumption of fast food, along with increasing geriatric population.

Due to the existence of National Heart institute in Malaysia, a lot of people seek treatment for different heart related problems and visit Malaysia from across the globe, especially from the Asia Pacific region. This is one of the key factors aiding the Malaysia hospital market expansion. Also, the success rate of in-vitro fertilization treatment in Malaysia is about 55-60%, resulting in visits of more and more medical tourists. This is expected to support the growth of the market.

Malaysia hospital Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• TMC Life Sciences Berhad 

• Optimax Holdings Berhad 

• KPJ Healthcare Berhad 

• IHH Healthcare Berhad 

• Mahkota Medical Centre 

• Ramsay Sime Darby Health Care Sdn Bhd 

• Columbia Asia Group 

• Sunway Medical Centre Sdn. Bhd. 

• LYC Healthcare Berhad 

• Metro Healthcare Berhad

Key Highlights of the Report