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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

U.S. weekly jobless claims edged lower last week
Govt channels RM20.94bil for wage subsidy programme as at July 29
Yinson inks MoU with Cyberview to develop smart mobility ecosystem in Cyberjaya
Bursa Malaysia onboards CGS-CIMB, Kenanga IB for shariah-compliant trading
Sunway REIT's outlook remains optimistic
Ringgit eases further as risk-off mode remains after Fed’s minutes
Gas Malaysia 2Q net profit surges 72%, declares 5.9 sen dividend
Dialog 4Q net profit drops 14% to RM118mil
AME Elite to develop industrial park in Penang with GDV of RM1bil
Bursa Malaysia ends lower for second consecutive day

Others Also Read