Matrade: Malaysia’s healthcare market set to hit US$48.41b by 2028

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Healthcare,Earnings,Profits

KUALA LUMPUR, Oct 14 — Malaysia’s healthcare services market size is expected to reach US$48.41 billion (US$1=RM4.28) by 2028 at a compound annual growth rate (CAGR) of 13.5...

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Court told Interpol blue notice reissued against American couple over Dutch model Ivana Smit’s 2017 murder as trial postponed “The healthcare services and medical device market is continuously going to grow rapidly — with the change of lifestyle, the ageing population, these factors will contribute to the growth of the healthcare industry globally,” he said during a presentation at a networking event for the upcoming International Healthcare Week 2025, here today.

Meanwhile, during a press conference after the presentation, Matrade deputy chief executive officer Abu Bakar Yusof said Malaysia’s healthcare sector is poised for significant growth, driven by increasing life expectancy, technological advancements and the rising need for treatment of chronic disease.

Earlier, Matrade chief executive officer Datuk Mohd Mustafa Abdul Aziz exchanged a memorandum of understanding between Matrade and exhibitions organiser Informa Markets Malaysia Sdn Bhd, represented by its country general manager Gerard Leeuwenburgh, to further elevate Malaysia’s standing in the global healthcare landscape.

 

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