Local healthcare spending among fastest in Asean


BMI forecast that Malaysia’s health expenditure will grow by a 2023-2028 compound annual growth rate of 8.3%.

PETALING JAYA: Malaysia’s medium-term health expenditure growth will be among the fastest in Asean but it will face tough competition from Thailand and Singapore in attracting medical tourists, says BMI in a report.

“We continue to have a positive outlook for Malaysia’s health expenditure growth, with our view supported by double-digit increases in the government’s healthcare budget in 2023 and 2024 alongside continued advancements in the private sector,” BMI, a unit of Fitch Solutions, said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

LSH Capital wins Kuantan road contract
Potential for nuclear to fill coal power gap
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
Bus Cap secures Bursa Malaysia nod for ACE Market listing
MM Computer moves forward with IPO
Malaysia prepares�carbon pricing rollout
AEON Credit sets modest FY27 targets amid geopolitical risks
SC appoints Manoj Kurup as executive director for enforcement

Others Also Read