The healthcare industry is a vital sector of any economy, and in Malaysia, it plays a critical role in driving economic growth and providing quality healthcare services to its citizens. In this article, we will explore the key statistics, government initiatives, industry growth, and trends shaping the healthcare industry in Malaysia.
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Description
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SPEEDOC
130
+65 6909 7799
Founded in 2017, Speedoc is a virtual clinic and healthcare solutions platform that allows users to seek medical care and services from home.As a virtual clinic and hospital care provider combining physical-digital services to challenge the traditional centralized, facility-based model, Speedoc believes that this will be the solution for the aging population faced by many countries in the region as the demand for medical care increases. Their services include house call doctors, nurses, medications delivery; and is complemented by telemedicine, remote diagnostics and health monitoring.With Speedoc, home medical services need not be limited to only certain groups of patients, but to everyday people who may require GP or A&E visits for themselves or their loved ones.
FULLERTON HEALTH
645
+65 6333 3636
Fullerton Health is a leading vertically integrated healthcare platform in Asia Pacific. Founded in Singapore in 2010, today they own over 500 medical centres and have a large global network of medical providers across 9 markets in Asia Pacific. Fullerton Health’s value proposition is the integration of healthcare service offerings with customized management and advisory capabilities, in line with its purpose to deliver Affordable and Accessible Care for All in Asia Pacific.For more information on Fullerton Health, please visit http://www.fullertonhealth.com/.
MINMED GROUP PTE LTD
243
+65 6323 0123
Health is in your hands. Founded in 2001, Minmed Group is a multifaceted healthcare group with focus on health screening, primary healthcare, telemedicine, diagnostic imaging, fitness and nutrition. At Minmed, we are all about getting you well, staying you healthy and keeping you fit. We believe in harnessing technology to improve health through screening, fitness, and nutrition by placing access in your hands and building support around you. Our push continues in this changing landscape so that we stay relevant for you. The consumer sits in the centre of it all. The user experience, and your touch points with our staff are carefully thought through and served with heart. We are about the solutions, and solutions that bring about change.Our people matter. With a dynamic workforce and a flat hierarchy, getting things done fast comes easy. Learning, testing and growing form our cultural DNA. Often, the bestest of ideas comes from the simplest of us.
HOMAGE
513
+65 6100 0055
Homage is a leading technology-driven care and health services platform that combines curated and trained care professionals with smart technology to manage and provide on-demand holistic non-medical and medical services to seniors and adults, allowing them to age and recover at home with grace, control and dignity. Homage’s core care services include Disability and Care Assessments, Activities of Daily Living (ADL) assistance, Nursing Procedures and Rehabilitation services, including Physiotherapy, Speech Therapy and Occupational Therapy. Additionally, Homage Health provides health screening, mobile medicine, telemedicine, ambulance and medication delivery services. Operating in Singapore, Malaysia and Australia, Homage works with care recipients with a range of mobility and medical conditions, including chronic and terminal illnesses such as Dementia, Stroke, Parkinson’s and cancer, helping them be more mobile and functional as well as providing social and personal care. Homage actively collaborates with government, health and financial organisations to distribute and deliver home- and community- caregiving services.
SINGAPORE MEDICAL GROUP
486
+65 6356 8909
Incorporated in 2005, Singapore Medical Group (SMG) is a private specialist healthcare provider with a network of 30 specialties. The Group is committed to its promise of providing patient centred medical care and experience to every individual.The Group currently has a total of 30 clinics covering 24 specialties that are strategically located in Paragon, Mount Elizabeth Novena Specialist Centre, Mount Elizabeth Medical Centre, Raffles Place, Connexion and Gleneagles Medical Centre with a growing network of SMG Associates clinics across the island.SMG operates a Medical patient assistance centre hotline service that serves Singapore and international patients.
IQVIA
72,302
+65 6962 9100
IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected Intelligence™ delivers powerful insights with speed and agility — enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 86,000 employees, IQVIA conducts operations in more than 100 countries.IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIA’s insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures. To learn more, visit www.iqvia.com.
IQVIA ASIA PACIFIC
1,414
+65 6962 9100
IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. We are inspired by the industry we serve and provide solutions that enable life sciences companies to innovate with confidence, maximize opportunities and ultimately drive human health outcomes forward. Our approach is Human Data Science – a discipline that advances our understanding of human health and allows stakeholders to make better, more insightful decisions and discover breakthroughs. We provide actionable solutions by tapping into the power of the IQVIA Connected Intelligence™: • Domain Expertise. Institutional knowledge and domain expertise across diseases, geographies and scientific methods.• Advanced Analytics. Faster, more precise decision-making powered by data science, designed exclusively for healthcare. • Unparalleled Data. One of the world’s largest curated healthcare data sources with innovative privacy protections.• Transformative Technology. Leading technologies to provide real-time access to operations-critical information. To learn more, visit www.IQVIA.com.
MIMS PTE LTD
918
+65 6290 7400
MIMS is Asia-Pacific’s leading multi-channel provider of trusted, quality medical information, medical education, and knowledge services connecting healthcare communities. Our work empowers healthcare professionals to improve patient outcomes by facilitating knowledge exchange and better decision-making.Today, MIMS has a strong regional presence in 17 countries and regions across Asia-Pacific with approximately two million healthcare professionals subscribed to its drug & resource portal, digital and print publications. We provide solutions to leading pharmaceutical companies and established healthcare institutions across the world.Our Business Value:For over 50 years, MIMS has been a peerless partner and a trusted source of medical knowledge, empowering healthcare professionals to improve decision making in their clinical practices.With our headquarters in Singapore and a business footprint in most Asia-Pacific countries, MIMS has an intimate understanding of the regions. In terms of the scale of audience and scope of services, MIMS has the best capability to effectively engage the healthcare professionals communities.We are best known for our unique and widely accessed drug directory, as well as hosting a wealth of healthcare services to healthcare institutions, pharmaceutical companies, and healthcare professionals.Our Products & Services:MIMS offers a range of products and services that reflect current and continually emerging advances in information delivery - mobile applications, online platforms, drug references, and guidelines as well as integrated knowledge databases.Through our vast network of healthcare audiences, MIMS effectively partners with pharmaceutical companies to communicate and engage with healthcare professionals through MIMS medical publications, continuing professional development programs, and medical congresses to meet healthcare professionals’ lifelong learning needs.
QUEENSLAND X-RAY
406
+61 1300 781 926
Queensland X-Ray is the largest private imaging group in Queensland, with over 45 practices reaching from Cairns down to Warwick. Over the past 30 years, we have forged a reputation for delivering exceptional patient care to the community. This has been achieved through our highly specialised team of Radiologists, Technologists, and Administrative staff, as well as our unwavering commitment to state-of-the-art technology and diagnostic imaging practices. We are a part of the Sonic Healthcare group, an ASX Top 50 company, and instil their commitment to Medical Leadership in our culture and everyday practice.
ORANGE VALLEY NURSING HOMES
86
+65 6499 4699
Starting with a 108-bed nursing home in 1993, Orange Valley has grown to be one of Singapore’s leading nursing home operators, offering comprehensive one-stop access to eldercare services. We now run 5 nursing homes across the island with over 900 beds. We offer home care, day care and rehabilitation services, as well as supplying eldercare equipment and products. With our comprehensive range of eldercare services and products, Orange Valley aims to be your Partner in Ageing.Orange Valley Nursing Home is now a part of Cuscaden Peak Investments Private Limited.Cuscaden Peak Investments Private Limited (formerly known as Singapore Press Holdings Private Limited before it was privatised on 13 May 2022) is a wholly owned subsidiary of Cuscaden Peak Pte. Ltd. (“Cuscaden Peak”), a consortium made up of three shareholders – Hotel Properties Limited; Mapletree Investments Pte. Ltd., and CLA Real Estate Holdings Pte. Ltd. It has businesses in Retail & Commercial, Purpose-Built Student Accommodation (PBSA), Aged Care and Events Management Businesses.
INTERNATIONAL SOS
10,884
+65 6338 7800
The International SOS Group of Companies is in the business of saving lives, protecting global workforces from health and security threats. We deliver customised health, security risk management and wellbeing solutions to fuel our clients’ growth and productivity. In the event of extreme weather, an epidemic or a security incident, we provide an immediate response providing peace of mind. Our innovative technology and medical expertise with a focus on prevention, offers real-time, actionable insights and unparalleled on-the-ground delivery. We help clients meet compliance reporting needs for good governance. By partnering with us organisations can fulfil their Duty of Care responsibilities, while empowering business resilience, continuity and sustainability. Founded in 1985, the International SOS Group, headquartered in London & Singapore, is trusted by 9,500 organisations, including the majority of the Fortune Global 500 as well as mid-size enterprises, governments, educational institutions, and NGOs. 13,000 multi-cultural medical, security and logistics experts stand with you to provide support & assistance from over 1,000 locations in 90 countries, 24/7, 365 days. To protect your workforce, we are at your fingertips: www.internationalsos.com For news and events updates follow us on Twitter - https://twitter.com/IntlSOS
NKF SINGAPORE (THE NATIONAL KIDNEY FOUNDATION)
347
+65 6253 0417
The National Kidney Foundation (NKF) strives to be an advocate and integrator for kidney health and holistic care for the community by the community. In its pursuit to support kidney failure patients with quality dialysis treatment and integrated care, its greater mission lies in preventing or delaying Singaporeans from being afflicted with kidney failure. NKF continues to redouble efforts to educate as many people as possible about chronic kidney disease, kidney failure and its debilitating effects through deeper integration into the community and strategic collaborative partnerships in the hope that every Singaporean stays strong and healthy and not end up needing dialysis.
ACTIVE GLOBAL SPECIALISED CAREGIVERS
170
+65 6536 0086
We are the leading professional and affordable home care service in Singapore, Hong Kong and Shanghai.We make an impact not only for our patients (typically highly dependent), but also for the quality of life of the whole family. Many family members also told us how they were more able to re-focus on their job, once they have the peace of mind that their elderly parent is well taken care of => Do contact us at singapore@activeglobalcaregiver.com, if you would like to investigate home care solutions for your employeesWe provide both Live-In Caregiver Services and Part-Time Caregiver servicesAll of our Caregivers are nurses with hospital experience, and we give them additional training in Home CareOur caregiving consultants are senior nurses and nursing educators themselvesEA licence: 13C6324
ZAGRO SINGAPORE PTE LTD
77
+65 6759 1811
Zagro is the leading manufacturer and distributor of crop care, animal health and public health products in Asia Pacific.Besides the headquarters in Singapore, Zagro has registered offices in Malaysia, Philippines, Thailand, Indonesia, Taiwan, Sri Lanka, Germany and South Africa. Zagro also has local staff presence in Latin America and Middle East.Zagro’s extensive distribution network ensures continuous supply of our quality products worldwide, thereby enabling farmers to bring you quality food all year round.
RAMSAY HEALTH CARE
9,358
+61 2 9433 3460
Ramsay Health Care is a global health care company with a reputation for operating high-quality services and delivering excellent patient care.Established in Sydney, Australia, in 1964, by Paul Ramsay AO, Ramsay Health Care has more than 50 years of experience in providing acute health care services. Today, the Company delivers a range of acute and primary healthcare services from 530 facilities across 9 countries, making it one of the largest and most diverse private healthcare companies in the world.Ramsay facilities cater for a broad range of health care needs from primary care to highly complex surgery, as well mental health care and rehabilitation. The company employs more than 77,000 staff and treats 8.5 million patients in its hospitals and primary care clinics located in Australia, France, the United Kingdom, Sweden, Norway, Denmark, Germany, Italy, Malaysia and IndonesiaRamsay is well-respected throughout the global health care industry for its quality health care operations and excellent record in hospital management and patient care. Focusing on relationships with staff and doctors - and delivering high quality outcomes for patients - has been at the forefront of its success.Ramsay focuses on maintaining the highest standards of quality and safety, being an employer of choice, and operating its business according to The Ramsay Way philosophy: People Caring for People.
PHILIPS
72,254
+65 6882 3999
Over the past decade we have transformed into a focused leader in health technology.At Philips, our purpose is to improve people’s health and well-being through meaningful innovation. We aim to improve 2.5 billion lives per year by 2030, including 400 million in underserved communities. We see healthcare as a connected whole. Helping people to live healthily and prevent disease. Giving clinicians the tools they need to make a precision diagnosis and deliver personalized treatment. Aiding the patients recovery at home in the community. All supported by a seamless flow of data.As a technology company, we – and our brand licensees – innovate for people with one consistent belief: there’s always a way to make life better.Visit our website: http://www.philips.com/Follow our social media house rules https://www.philips.com/a-w/about-philips/social-media.html
DOCTOR ANYWHERE
912
+65 3158 4622
At Doctor Anywhere, we are guided by the core belief that healthcare should be simple, accessible and efficient for everyone. Since our launch in 2017, weve been disrupting the healthcare industry by developing innovative solutions to bridge gaps in the healthcare ecosystem. Our services integrate both digital and offline platforms to empower users to take charge of their health. Headquartered in Singapore, we have regional offices in Malaysia, Thailand, Philippines, Vietnam, Indonesia, and India, serving more than 2.5 million (and growing) users across Asia.If you are excited to be at the forefront of health-tech innovation, and passionate about creating meaningful change, join us at https://doctoranywhere.bamboohr.com/jobs/
CARDINAL HEALTH
32,088
+65 6415 3170
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. With operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. We are navigating the complexities of healthcare and providing scaled solutions to help our customers thrive in a changing world. We strive to be a trusted healthcare partner by driving growth in evolving areas of healthcare, while building upon our distribution, products, and solutions to meet customer needs. Disclaimer: LinkedIn is a third-party site unaffiliated with Cardinal Health. Cardinal Health is not responsible for the privacy or security policies or practices on LinkedIn or on any of the third-party websites that we may link to through LinkedIn. You should carefully review the privacy and security practices of LinkedIn and linked third-party websites. We do not necessarily endorse any information found here nor are we responsible for the accuracy of any information, opinions, claims, or advice found here or shared here by our followers. By posting content, ideas, or pictures, you grant Cardinal Health a non-exclusive, royalty-free, perpetual, and worldwide license to use your content and any images posted by you, including the rights to copy, distribute, transmit, display, reproduce, edit, translate, and reformat, and incorporate into a collective work. Cardinal Health reserves all rights relating to the companys LinkedIn account, including removing postings and prohibiting individuals from participating on the page.
DOCTORONCALL
139
+60 10-215 1669
DoctorOnCall (DOC), Malaysias first online Video and Audio Medical Consultation platform. Now you can talk to an MMC-Registered Doctor from the privacy of your home or office through laptop, tablet or mobile phone. Talk to our doctors about your common illness, health concerns, second opinion etc. Stay well-rested when youre sick and we get your medications delivered to you.
MATER
3,167
+61 7 3163 2329
Through our extensive network of hospitals, health centres and related businesses, a nationally accredited education provider and a world-class research institute, were working together to meet the needs of the community and improve your health and wellbeing.Our values assist us in our decision making, and shape our workplace culture. They are reflected in all that we do, and are visible to all through the way in which we behave and interact with one another.We are dedicated to providing healthcare services through a sincere commitment to our core values:- We honour and promote the dignity of human life and of all creation- We act with compassion and integrity- We strive for excellence.For Mater careers, visit careers.mater.org.au
Top Healthcare Companies in Malaysia
Key Statistics from 2022
The healthcare industry in Malaysia continues to grow, with a projected GDP contribution of 4.7% in 2022. The industry employs approximately 1.4 million people, representing 10% of the country's workforce. The country's public healthcare expenditure is estimated to be around RM 30 billion, while the private sector expenditure is projected to be around RM 24 billion in 2022.
Factors Contributing to its Growth and Success
Government Initiatives
The Malaysian government has implemented several initiatives to drive growth and innovation in the healthcare industry. The government has been investing heavily in healthcare infrastructure, with the construction of new hospitals and upgrading existing ones to improve access to quality healthcare services across the country.
The government has also implemented several policies to encourage foreign investments and partnerships in the healthcare industry. This has resulted in increased investment and collaborations with foreign healthcare providers, improving the quality of care and expertise available in the country.
Industry Growth and Comparison to Previous Years
The healthcare industry in Malaysia has been experiencing steady growth over the years. The industry is expected to continue growing, with a projected growth rate of 10.4% from 2020 to 2025. The private healthcare sector has been growing at a faster rate compared to the public sector due to rising incomes and increasing demand for private healthcare services.
Key Trends including Technological Disruptions
The healthcare industry in Malaysia is undergoing significant technological disruptions, which are transforming the way healthcare services are delivered. The adoption of telemedicine and digital healthcare platforms has increased significantly, especially during the COVID-19 pandemic, allowing patients to access healthcare services remotely.
The use of artificial intelligence and big data analytics is also transforming healthcare delivery, improving patient outcomes, and reducing costs. Healthcare providers are adopting electronic health records (EHRs) to digitize patient information and improve the efficiency of healthcare delivery.
Challenges
Despite the growth and success of the healthcare industry in Malaysia, there are still several challenges that need to be addressed. One of the biggest challenges is the unequal distribution of healthcare services across the country, with urban areas having better access to quality healthcare services than rural areas. This disparity needs to be addressed to ensure that all Malaysians have access to quality healthcare services.
The rising cost of healthcare services is also a significant challenge, with many Malaysians struggling to afford healthcare services. The government and industry stakeholders need to work together to find ways to reduce healthcare costs while maintaining the quality of care.
In conclusion, the healthcare industry in Malaysia is a critical sector that plays a significant role in driving economic growth and providing quality healthcare services to the population. The government's initiatives, industry growth, and technological disruptions are transforming healthcare delivery in the country, improving patient outcomes and reducing costs. However, challenges such as unequal distribution of healthcare services and rising healthcare costs need to be addressed to ensure that all Malaysians have access to quality healthcare services.
To address these challenges, the Malaysian government has been implementing various policies and initiatives. The government has been working to increase access to healthcare services in rural areas by investing in healthcare infrastructure and providing incentives to healthcare providers to serve in underserved areas. The government has also introduced several measures to reduce healthcare costs, including the introduction of a national health insurance scheme.
Future Outlook
Looking towards the future, the healthcare industry in Malaysia is expected to continue growing, driven by factors such as the aging population and increasing healthcare needs. Technological disruptions will also play a significant role in shaping the industry's future, with the adoption of digital healthcare platforms and artificial intelligence expected to increase.
To remain competitive and successful in the industry, healthcare providers need to focus on innovation and differentiation. This can be achieved by offering specialized services and developing unique value propositions. Investing in technology and digital infrastructure can also improve the efficiency of healthcare delivery and improve patient outcomes.
Conclusion
In conclusion, the healthcare industry in Malaysia is a critical sector that has been experiencing steady growth, driven by government initiatives, industry growth, and technological disruptions. Despite the challenges of unequal distribution of healthcare services and rising healthcare costs, the industry's future outlook is positive, with continued growth expected. Healthcare providers need to focus on innovation and differentiation to remain competitive in the industry and meet the evolving healthcare needs of the population. The government and industry stakeholders need to work together to address the challenges facing the industry and ensure that all Malaysians have access to quality healthcare services.