Outpatient Care - Malaysia

Malaysia

In Malaysia, the Outpatient Care market is forecasted to achieve a revenue of US$2.41bn in 2024.
It is expected to demonstrate a compound annual growth rate (CAGR 2024-2029) of 8.36%, leading to a market volume of US$3.60bn by 2029.
When compared to other countries worldwide, in the United States is projected to generate the highest revenue in this market segment, amounting to US$744.80bn in 2024.
The Outpatient Care market in Malaysia is experiencing a surge in telemedicine services, providing convenient and accessible healthcare to patients across the country.

Key regions: France, Germany, United Kingdom, Canada, United States

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Analyst Opinion

The Outpatient Care market in Malaysia has been experiencing significant growth in recent years.

Customer preferences: Malaysian customers are increasingly seeking convenience and accessibility when it comes to healthcare services. Outpatient care provides patients with the flexibility to receive medical treatment without having to stay in a hospital overnight. This is particularly appealing to those who do not require intensive medical attention and prefer to receive treatment in a more comfortable and familiar environment.

Trends in the market: One of the key trends in the Outpatient Care market in Malaysia is the increasing adoption of telemedicine. This allows patients to receive medical consultations and treatment remotely, which is particularly useful for those who live in remote or rural areas. Another trend is the growing popularity of day surgery centers, which provide patients with a range of surgical procedures that can be completed in a single day. This is a more cost-effective and convenient option for patients who do not require an overnight hospital stay.

Local special circumstances: The Malaysian government has been actively promoting the development of the healthcare sector in the country. This has led to an increase in public-private partnerships, which has helped to drive growth in the Outpatient Care market. Additionally, the country has a large and growing middle class, who are increasingly willing to pay for private healthcare services.

Underlying macroeconomic factors: Malaysia has a rapidly growing economy, which has helped to drive demand for healthcare services. The country has a young and growing population, which is expected to continue to increase demand for healthcare services in the coming years. Additionally, the government has been investing heavily in healthcare infrastructure, which has helped to improve access to healthcare services across the country.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.