Since the Asian financial crisis in 1997, the region has been investing in international healthcare accreditation and medical equipment to compete in the highly profitable medical tourism market.
The Joint Commission International, the most prestigious international healthcare organization nowadays, informs in its website the number of medical facilities accredited in the region by country:
South Korea 12
And even though Thailand, India, and Singapore lead the market, Malaysia offers more affordable medical services and hence becomes a more preferable option for travelers who care about getting a good deal.
In 2019, Malaysian hospitals revenue from medical tourism was estimated to be of 2 billion MYR (Malaysian ringgit) in 2020, and above 10 billion to the entire Malaysian economy. But now, because of the global pandemic, that estimation has decreased to 500 million MYR for hospital revenue and 2 billion for the entire economy. Malaysian borders are open for medical travelers. Anyone planning to visit Malaysia for medical purposes will have to get tested for COVID-19 before traveling and upon arrival. Most of the tourists traveling to Malaysia seeking medical assistance are from Indonesia, China, and Southeast Asia.