WHY HEALTHCARE ?
It is natural that welfare enhancement comes under the spotlight in the process of economic advancement, the healthcare services and demand should thus, grow in tandem. As Malaysia climbs up the economic ladder, the population would be more affluent, health-conscious and therefore, has higher propensity to spend on healthcare.
From the aspect of income, improving spending power provides allowance for consumers to seek for presumably better quality healthcare services from the private sector at higher charges. Viewing from demographic standpoint, ageing Malaysian population will translate into natural demand source for healthcare.
The expansion of healthcare sector is not solely dependent on the demand from the local population Apart from the conventional medical services, there are also other associated sectors that would complement and supplement the overall healthcare system. Examples would be the medical insurance and medical tourism, In reality, these auxilliarysectors could play the supply and demand roles for each other interchangeably. They have to be included in the context of healthcare, which we will go through in the later sections.
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