KUALA LUMPUR — MIDF Research remains optimistic about Malaysia’s healthcare sector, forecasting a 6-8% compound annual growth rate (CAGR) until 2030. In 2023, healthcare contributed 2.1% to Malaysia’s GDP, driving job creation across both public and private sectors.

Private healthcare services saw strong growth, with a 9.3% rise from 2022-2024, outpacing the 5.8% growth seen between 2016-2019. However, rising medical insurance premiums due to medical inflation remain a concern.

Despite this, Malaysia’s dual healthcare system—a subsidized public sector and a tech-driven private sector—positions the country as a medical tourism hub. The upcoming listing of Sunway Healthcare Group could boost sector investments.