Malaysia's healthcare market to reach RM127.9b by 2027, says Fitch Research

KUALA LUMPUR: Malaysia's healthcare market is expected to grow by 127% to RM127.9bil in 2027 from the RM56.3bil in 2017 as the government pushes ahead with higher public healthcare expenditure, says Fitch Solutions Macro Research.

The research house said on Tuesday the 2019 Budget had proposed an increase in public healthcare expenditure, and this would see the government continuing to push forward with fundamental healthcare initiatives which would be positive for the healthcare market.

During the unveiling of the Budget on Nov 2,  the government proposed a larger budget of RM314.6bil for 2019, an increase of 8.3% from 2018 ’s revised figure of RM290.4bil.