30 Jul 2018

BMCC Sector Report 2018/2019: Healthcare

Viewed as a priority to the Malaysian economy, the government has prioritised health- care spend- ing, injecting RM23bn (US$5.2bn) into healthcare in 2016 – approximately 10% of the annual budget. Ac- cording to the Ministry of Health (MoH), healthcare was the fastest-growing industry between 2000 and 2009 and thus recognised as a key driver of eco- nomic growth. In 2010, the Economic Transforma- tion Programme (ETP) was established to transform Malaysia into a high-income economy by 2020. Un- der this initiative, healthcare was identi ed as one of 12 National Key Economic Areas (NKEA) to receive substantial government support and initiatives.

Disclaimer: Whilst some of the information contained in this report may no longer reflect the ambitions of the current Malaysian government, all data compiled and portrayed have been done to the best of knowledge at the time of preparation