Malaysia Home Healthcare Market Analysis Report 2022 to 2030

Malaysia Home Healthcare Market Analysis

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Malaysia's home healthcare market was valued at $583 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $1074 Mn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies and the aging population. The market is segmented by component and product. Some key players in this market are Noble Care, Genesis Home Healthcare, Sunway Home Healthcare, 24 Angles Home Care, Care giver Asia, Nurse at Home, Cality Care.

ID: IN10MYHS010 CATEGORY: Healthcare Services GEOGRAPHY: Malaysia AUTHOR: Nandini Shah

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Malaysia Home Healthcare Market Executive Summary

Malaysia's home healthcare market was valued at $583 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $1074 Mn in 2030. Malaysia's economy is diversified and export-oriented, with significant contributions from industries such as electronics, petroleum, palm oil, and tourism. It is one of the largest economies in Southeast Asia and has a strong trade relationship with countries such as China, Japan, and the United States. The government has implemented various initiatives to attract foreign investment and drive economic growth.

By 2050, the number of senior citizens in emerging nations is expected to be close to 1 billion, which would increase demand for home healthcare services and, consequently, expand the market's potential. In the upcoming years, the sector for home healthcare services will have enticing growth potential due to the rise in dementia and Alzheimer's disease among the elderly and the rise in population life expectancy. Additionally, government-sponsored institutions, non-profit hospitals, and independent philanthropic organizations have all made substantial contributions to market expansion.

Malaysia home healthcare market analysis report 2022 to 2030

Market Dynamics

Market Growth Drivers

Ages 60 and older make up an increasing percentage of the global population. Home healthcare services can assist people to receive better care because the senior population has more health issues. As a result, the aging population is contributing to the expansion of home healthcare services.

The prevalence of chronic conditions like diabetes, cardiovascular disease, obesity, cancer, osteoporosis, and dental disease has increased globally. With the appropriate treatment, diet, and nutrition as well as medical guidance, these disorders can be prevented. The necessity to visit a hospital has been eliminated in recent years thanks to home healthcare services, which enable therapy to be received while relaxing at home. As more people throughout the world become aware of them, there will be a greater need for home care services, adult care services, and other services. The old population is rapidly increasing, which is increasing the demand for aged care, and this demand will continue to grow as the market expands.

Market Restraints

Services for home healthcare services are preferred to those for short-term care. Due to their high price, the family finds it challenging to use services and products. As people age, the cost of providing care for the elderly rises. Many home healthcare providers lack access to the most recent medical technology and advancements, which might restrict the breadth of services they can offer. It is projected that the shortage of compassionate nursing staff will restrict the rate of growth of the home healthcare sector in Malaysia. The infrastructure required to deliver home healthcare services, such as suitable transportation and communication networks, is lacking in many areas of Malaysia.

Competitive Landscape

Key Players

Noble Care
Genesis Home Healthcare
Sunway Home Healthcare
24 Angles Home Care
Care giver Asia
Nurse at Home
Cality Care
CARE Concierge
Pillar Home Healthcare

Healthcare Policies and Regulatory Landscape

National Health Act 1983: Provides the framework for healthcare services in Malaysia
Ministry of Health (MOH) Regulations: The MOH sets regulations and guidelines for the provision of home healthcare services
Private Healthcare Facilities and Services Act 1998: Regulates the operation of private healthcare facilities, including home healthcare services
National Pharmaceutical Control Bureau (NPCB) Regulations: Regulates the import, distribution, and sale of drugs and medical devices for home healthcare use
Patient Safety & Quality of Care (PSQC) National Strategy: Promotes patient safety and quality of care in healthcare services all over Malaysia

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Malaysia Home Healthcare Market Segmentation

By Device Type (Revenue, USD Billion):

Based on the device type the market is segmented into testing, screening, monitoring devices, therapeutic home healthcare devices, and mobility assist.

Testing, Screening, and Monitoring Device
Blood Glucose Monitors
Blood Glucose Monitors
Blood Pressure Monitors
Heart Rate Monitors
Temperature Monitors
Sleep Apnea Monitors
Coagulation Monitors
Ovulation and Pregnancy Test Kits
Pulse Oximeters
Home Hemoglobin A1C Test Kit

Therapeutic Home Healthcare Devices
Oxygen Delivery Systems
Nebulizers
Ventilators
Sleep Apnea Therapeutic Devices
Wound Care Products
IV Equipment
Dialysis Equipment
Insulin Delivery Devices
Inhalers
Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)

Mobility Assist
Walkers and Rollators
Wheelchairs
Canes
Crutches
Mobility Scooters

By Service Type (Revenue, USD Billion):

Skilled Nursing Services
Rehabilitation Therapy Services
Hospice and Palliative Care Services
Unskilled Care Services
Respiratory Therapy Services
Infusion Therapy Services
Pregnancy Care Services

By Indication Type (Revenue, USD Billion):

Cardiovascular Disorders & Hypertension
Diabetes
Respiratory Diseases
Pregnancy
Mobility Disorders
Hearing Disorders
Cancer
Wound Care
Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.