Medical Tourism 2020

According to Frost & Sullivan, Malaysian healthcare expenditure could rise as high as USD20 billion by 2020 due to the rising incidences of chronic diseases, increasing healthcare costs especially in Wilayah Persekutuan and Selangor due to urbanisation, and a weak ringgit. While the public sector is hampered by limitations in healthcare budget and the ability to retain experienced talent, the private sector is gearing up to meet competitive challenges with a stronger, more innovative strategy that is targeted to provide both financial and social returns. Where’s the silver lining as far as the healthcare industry is concerned?