Budget 2018: Medical Tourism Industry Set To Grow

mhtcadmin1
October 28, 2017
5 min read

KUALA LUMPUR: The RM30 million allocation for the Malaysia Healthcare Travel Council (MHTC) under Budget 2018 tabled by Prime Minister Datuk Seri Najib Abdul Razak yesterday will spur further growth of the medical tourism industry in the country.MHTC chief executive officer Sherene Azli said the council welcomed the announcement and described it as being in line with the national economic blueprint where healthcare travel was identified as one of the National Key Economic Areas (NKEA) in Malaysia's bid towards high-income nation status by 2020.She said since 2011, the industry had shown tremendous potential and recorded double-digit annual growth, ranging between 16 to 17% every year."In 2016, the healthcare travel industry grew about 23% from 2015, compared to the average growth rate of 15% from 2011 to 2015."Malaysia received more than 921,500 health travellers and it is estimated that last year alone, the actual contribution of the healthcare travel industry to the Malaysian economy is approximately RM4 billion to RM5 billion," she said in a statement today.Sherene said the sector had identified Indonesia, Vietnam, China and recently India, as core markets based on the volume of healthcare travellers as well as growth potential for these respective markets.In the 2008 budget, MHTC was allocated RM30 million to strengthen the industry as one of the country's sources of income, including providing end-to-end service for medical tourists to Malaysia.The allocation among others is to promote Malaysia as the Asian Hub for Fertility Treatment, including IVF and Cardiology, extend the eVisa facility to cover other specialised medical services and high-value healthcare packages and introduce Flagship Medical Tourism Hospital Programme which offers a special incentive to private hospitals to attract medical tourists. — BernamaSource: The Sun Daily

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About Malaysia Healthcare Travel Council

Malaysia Healthcare Travel Council (MHTC), established in 2009 under the purview of the Ministry of Health (MOH) Malaysia, is entrusted with developing and nurturing the “Malaysia Healthcare” brand. MHTC enhances, coordinates, and promotes Malaysia’s healthcare travel industry by fostering industry collaborations and building valuable public-private partnerships both domestically and internationally. With 80 member hospitals nationwide, MHTC continues to elevate the healthcare travel ecosystem through strong branding, seamless patient experiences, and strategic market initiatives. In line with these efforts, MHTC is spearheading the Malaysia Year of Medical Tourism (MYMT) 2026, the nation’s first dedicated year to celebrate and advance healthcare travel. MYMT 2026 serves as a milestone initiative to showcase Malaysia’s world-class healthcare offerings, strengthen its position as the premier global healthcare destination, and highlight the industry’s significant contribution to the national economy. More information can be found at https://www.mhtc.org.my/.