Malaysia Healthcare Travel Council (MHTC) CEO, Mohd Daud Mohd Arif, has said Malaysia remains committed to providing quality and affordable healthcare to international patients within a safe and trusted destination. MHTC believes it is still on course for continuous and sustainable industry growth over the next four to five years, guided by the Malaysia Healthcare Travel Industry Blueprint 2021-2025.
The overall aspiration for Malaysia is to provide the best healthcare travel experience by 2025.
MHTC is looking to redefine the patient experience, through a unified and collaborative approach to digitalisation, which will allow healthcare providers to improve service delivery.
The Council says Malaysia earned RM1.7 billion (US$550 million) in medical travel revenue in 2019, with an estimated RM6 billion (US$1.36 billion) from other non-related healthcare expenditures such as air travel, transport, food, drink, accommodation and tourism activities.
Figures dropped to RM 500 million (US$119 million) in 2020 and in 2021 to RM551 million (US$190 million).
The medical tourism industry is expected to continue growing, with projected annual revenue of RM2 to 2.5billion (US$ 0.57 billion) in 2025.
The Malaysian government is targeting hospital revenues from medical tourism in the following years:
- 2022 RM800 million (US$180 million).
- 2023 RM1,300 million (US$290 million).
- 2024 RM1,700 million (US$380 million).
- 2025 RM2,500 million (US$560 million).