The Healthcare System and Medical Device Market in Malaysia

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Feb 17, 2015, 08:15 ET

NEW YORK, Feb. 17, 2015 /PRNewswire/ -- This TforG report helps businesses gain a unique insight into the socio-economic dynamics in Malaysia until 2015, and helps analyze how they affect healthcare systems and their evolution. It can serve as an essential tool for sales, marketing, R&D and business managers with industry related interests.

The Deep Dive report for Malaysia includes numerical and written analysis in four main chapters: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts), and The Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).

Economic Outlook:

- Malaysia's GDP increased by 5.2 percent in 2014 and is expected to remain steady in 2015. This is a nice increase from the 2013 GDP growth rate of 4.7 percent.
- GDP growth is expected to remain anchored by domestic demand, with additional support from improvement in the external environment.
- Inflation had only a marginal increase from 2.2 in 2013 to 2.4 in 2014 and is expected to reach 2.6 in 2015.
- The country's 2013 unemployment rate was 3 percent in 2013 and TforG projections show it to remain steady in the years 2014 and 2015.

The Healthcare System:

- Funding for the public sector is dispensed through the Ministry of Health and comes from the local governments general revenue.
- The Public sector is organized under a "civil service" structure and is centrally administered by the Ministry of Health (MOH).
- The Malaysian healthcare system is made up of tax-funded and government-run universal services as well as a rapidly growing private sector.
- The healthcare sector has also been identified as one of the twelve key economic areas which would be a driver for Malaysia's economic performance.

Reforms:

- Transforming delivery of the healthcare system.
- Increasing quality, capacity and coverage of the healthcare infrastructure.
- Shifting towards wellness and disease prevention, rather than treatment.
- Increasing the quality of human resources for health (HRH).

The Markets:

- The private healthcare sector is estimated to generate about € 3.3 bln in revenue by 2015 with a continued projected growth until 2018.
- Medical tourism is seeing a boost as the government is focusing on attracting foreign patients. This subsector has also been identified as a driver for private sector expansion.
- Having already established itself as an exporter of disposables, Malaysia is looking to develop their own non-disposable medical device manufacturers.

Reasons to buy:

- Researched and reported annually by an experienced team of market research analysts and interviews with respective stakeholders.
- Forecasts provide information about the stride and solidity of the Malaysia's economy and healthcare industry until 2015.
- Our Surgical Procedure Volumes section contains 620 ICD9 coded procedure volumes for the years 2010 through 2015.
- It provides information on a variety of healthcare indicators like acute care data, critical care data, anesthesia data, emergency data, healthcare professionals.

Read the full report: http://www.reportlinker.com/p02648577-summary/view-report.html

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