Malaysian hospital market to be valued at $19.13b by 2034

Private healthcare is driven by investments in infrastructure and technology

The Malaysian hospital market is expected to reach $19.13b by 2034 at a compound annual growth rate of 5.20%, according to a Research and Markets report.

Rising demand for quality healthcare and medical tourism is encouraging market investment and driving the sector’s expansion.

Meanwhile, private healthcare is being fueled by investments in infrastructure and technology.

“The demand for IVF treatments, with a high success rate of 55-60%, strengthens Malaysia's appeal for medical tourism, augmenting the private sector's influence,” the report said.

The prevalence of chronic diseases has also driven demand for specialised services in oncology, cardiology, and neurology.

“Hospitals are investing in advanced treatment technologies, driven by heightened public awareness of early detection and preventive care,” it added.