Malaysia Home Healthcare Market Size & Outlook, 2023-2030
Malaysia home healthcare market, 2018-2030 (US$M)
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Malaysia home healthcare market highlights
- The Malaysia home healthcare market generated a revenue of USD 1,681.5 million in 2023 and is expected to reach USD 2,792.8 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 1,681.5 million |
| Market revenue in 2030 | USD 2,792.8 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.4% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,562.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia home healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.29% in 2023. Horizon Databook has segmented the Malaysia home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
Malaysia follows a universal healthcare system. In 2009, the Malaysian government launched an initiative “1Care for 1Malaysia”. This initiative was launched with the goal of giving freedom to patients to pay for the healthcare facility as per their economic condition. This was intended to boost the provision of equitable healthcare in Malaysia.
However, even though Malaysian hospitals provide best healthcare equipment and facilities, the cost of the services offered is very high. In addition, due to the shortage of hospital staff to attend patients, the demand for home health care services is on the rise. The government is also focusing on attracting more foreign investment, enhancing & expanding telehealth facilities in this region, which may in turn boost home healthcare as well.
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia home healthcare market size, by component, 2018-2030 (US$M)
Malaysia Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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