Malaysia Clinical Labs Market is Expected to Reach More Than USD ~3000 Mn by 2027F Owing to Growing Medical Infrastructure and Investment in Better Healthcare Services: Ken Research
The Malaysia clinical labs market is fragmented with top players being BP Healthcare, Pantai, Premier, Pathology, and Innoquest Pathology. The value chain for independent lab chains in this industry has three core components: equipment manufacturers, clinical laboratories and end –users.
- Increased adoption of digital pathology has further increased the demand for clinical Lab services.
- The government of the country is actively functioning towards advancing the healthcare services in the country.
- Robotics testing, the internet of medical things (IMOT) while leveraging 4G/5G facilities & digital pathology to augment pathological diagnosis are some technological innovations in the market.
Investment in Better Healthcare Services: The trend of the population to invest in better healthcare services and increasing investments in medical equipment, therapeutic products and services, pharmaceuticals, and better patient care are also contributing to the growth of the Malaysian hospital market.
Growing Medical Infrastructure: A rapidly growing medical industry in the country, growing medical infrastructure and increasing number of hospitals in the country are supporting the growth of the Malaysian hospital market. The Malaysian government plans to boost market development by investing in multiple sectors such as drug development and diagnostic tools, clinical research facilities and diagnostic laboratories.
Increasing Number of Cases: The growth of the market is attributed to the increasing number of cases of the disease and the rapid increase in the number of patients in the country. Also, increasing cases of chronic diseases such as cardiovascular diseases, neurological diseases, cancers, and infectious diseases and their long-term treatment are expected to drive the growth of the Malaysian hospital market in the next five years.
Rising Medical Tourism: The government of the country is actively functioning towards advancing healthcare services in the country. There is an increase in medical tourism due to affordable healthcare as compared to western countries and the increasing number of expert professionals in the healthcare industry. Malaysia has many bests in-class private physicians focusing on the different scopes of cutting-edge symptomatic, remedial, and in-patient administrations.
Analysts at Ken Research in their latest publication “Malaysia Clinical Lab Market Outlook to 2027F- Medical tourism and government investment is driving the future of healthcare and clinical Tests in Malaysia” by Ken Research observed that Malaysia clinical lab market is in the growing phase. Growing medical infrastructure, increasing number of hospitals, and medical tourism are some of the factors that will contribute to Malaysia clinical lab market growth. It is expected that Malaysia’s clinical lab market to grow at a robust CAGR for the period of 2023F-2027F.
Key Segments Covered:-
Malaysia Clinical Lab Market
By Type of Lab
Organized Labs
Unorganized Labs
By Type of Ownership
Private
Public
By Mode of Tests
Walk-Ins
Doctor Referrals
Corporate Clients
Online Referrals
External referrals
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By Type of Tests
Routine
Esoteric
Non-Laboratory
By Patient’s Age
0-20
20-40
40-60
60 and above
By Region
West Malaysia
East Malaysia
By Payer
Out of pocket
Government
Private insurance
Corporates
Key Target Audience
Clinical Lab companies
Organized Clinical Laboratories
Unorganized Clinical Laboratories
Private Hospitals
Private Equity and Venture Capitalist
Industry Associations
Technology providers
Government Bodies & Regulating Authorities
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Time Period Captured in the Report:-
Historical Period: 2017-2022P
Base Year: 2022P
Forecast Period: 2022P– 2027F
Companies Covered:-
Diagnostics centers
BP Leader in Health Check
Pantai Premier Pathology
Gribbles
Lablink Medical Lab
Clinipath
Pathlab
Innoquest
Hospitals
Sunway Medical Centre
KPJ healthcare
Park City medical centre
Gleneagles Hospital
PANTAI Hospital
Online Healthcare Apps
Doctor2U medical Portal
Bookdoc Connect and Unite
Doctor Anywhere
Doc2US
Docquity
Key Topics Covered in the Report:-
Executive summary for Malaysia clinical lab market
Country Overview of Malaysia
Ecosystem of major entities in Business model of Malaysia clinical lab market
Timeline of major operating in the Malaysia clinical lab market
Cross comparison of clinical laboratories market in Malaysia with south-east Asia
Malaysia clinical lab market
Value chain analysis of clinical lab market
Malaysian healthcare system
Market overview of Malaysia healthcare market
Malaysia Clinical Lab Market Size, FY’2017-FY'2022P
Malaysia Clinical Lab Market Segmentation, FY'2022P
Segmentation by type of labs and ownership, region and by type of test, by patient age, mode of test, by payer
Industry Analysis
SWOT analysis of Malaysia clinical lab market
Trends and development in Malaysia clinical lab market
Growth driver in Malaysia clinical lab market
Technological innovation in Malaysia clinical lab market
Investment scenario in Malaysia clinical lab market
Issues and challenges in Malaysia clinical lab market
Government initiatives
Impact of covid-19 on Malaysia clinical lab market
Competitive Landscape of Malaysia Clinical Lab Market
Market Share of Major Players in Malaysia Clinical Lab Market
Market Positioning of Major Players in Malaysia Clinical Lab Market
Gartner Magic Quadrant
Cross-Comparison of Major Players in Malaysia Clinical Lab Market
Future Outlook – Market Size and Segmentation, FY’22P-FY’27F
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