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Countries around the world have recognised the need for a robust healthcare system for sustainable growth and development. Recent data shows that the US spends about 17.2% of its GDP on healthcare, while the average spending by Canada, Germany, Australia, the UK, Japan, Sweden, France, the Netherlands, Switzerland and Denmark was around 10.7% of their GDP in 2016.
Healthcare in Malaysia is now characterised by risingcosts, rising standards and rising expectations.
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.
MALAYSIA’S healthcare travel industry remained one of the world’s best-kept secrets until the Malaysia Healthcare Travel Council (MHTC) was established under the Health Ministry in 2009.