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Jun 2016 - Insights Presentation - Doc # AP40904916

Malaysia: Healthcare IT Spend Market Analysis, Forecasts and Trends

Authors: Ravikant Sharma, Ashwin Moduga, Arpana Bharti
On-line Presentation

This IDC presentation provides a country-level overview of the Malaysian Healthcare IT market in terms of overall IT spending in the country with a qualitative commentary of key macroeconomic drivers and restraints the market is witnessing.

With a 4.4% of its GDP spent on healthcare, Malaysia will continue to witness positive growth in its healthcare technology uptake. A growing but ageing population segment and rapid urbanization leading to heightened awareness of disease and healthy living, will be crucial driving factors for the growth of this market. Medical tourism and the emergence of Malaysia as a popular retirement destination, coupled with favorable government initiatives, will ensure the continuous demand for quality care services.

IDC Health Insights estimates that ICT spending in the healthcare industry in Malaysia was US$100.7 million in the year 2015, growing with a CAGR of 3.6% during 2012—2015. It is forecast to grow at a steady 5.8% CAGR in 2016—2019, driven by Smart Malaysia initiatives, with a focus on building infrastructure that can be later leveraged to create an electronic medical data record system.

Top investment priorities for the private sector, aiming for medical tourism impetus, will include: (1) Mobility solutions, (2) hospital administrative systems, (3) customer relationship management (CRM) systems and electronic medical records (EMRs), and (4) cloud technologies.