According to Rhenu Buller of Frost & Sullivan, total healthcare expenditure in Malaysia is expected to reach
Increased consumer sophistication concerning healthcare-related technologies is helping the industry to grow
Private healthcare providers realise that innovation and healthcare technologies are crucial to enhance accessibility, affordability and quality healthcare to meet patient needs across different stages of healthcare services. KPJ Healthcare Bhd., the largest private healthcare services provider in Malaysia has embarked on the IBM Watson Technology for Oncology in five selected KPJ hospitals. This system combines leading oncologists and experts in cancer care with the speed of computer technology to help clinicians decide on individualised cancer treatments.
Healthcare technology has enabled practitioners to consult patients by using video-conferencing tools. Telemedicine is one of the areas that has rapidly emerged from the advantages of healthcare technology. Telemedicine or well known as “medicine at a distance” refers to the provision of healthcare and health-related services using telecommunications, information and multimedia technologies to link a spectrum of participants in the healthcare system.
Current use of telemedicine includes home cardiac monitoring system, home rehab, chronic illness monitor and hotel guest medical consultation. Telemedicine has also reached rural, airline,
The benefit of early diagnosis is the reduction of medical complications. Diagnosing at an early stage enables early treatment and reduced the number of morbidity and mortality. This has also led to further innovation in telemedicine, incorporating technologies such as Augmented Reality (AR), Artificial Intelligence (AI) and See What I see (SWIS) video conferencing applications via Tele Mentoring and Tele Robotics. These applications, being fully connected and automated, provide new healthcare experiences in every interaction. It is predicted that AI will transform Malaysia’s healthcare and increase the demands of skilled data professionals for specific medical courses to fit into the industry.
Facing these realities, regulatory bodies are looking to realign health schemes and regulations to address the safety challenges in this new age of healthcare. MIDA continues to have numerous engagements with the relevant Ministries and agencies to further develop and promote the industry. With emerging new areas on existing healthcare services, Malaysia should now embrace the opportunities and utilise its infrastructure capabilities, domestic consumption base, medical tourism weight and diverse population to create sustainable economic transformation for the healthcare industry.