♦ Rising healthcare expenditure … Total health expenditure in Malaysia grew at a CAGR of 12.9% to RM35.1bn between 2000 and 2008, supported by: 1) higher Government and private sector spending; 2) growing population; and 3) growing personal wealth in Malaysia. Health spending as a share of GDP for the same period ranged from
2.9-4.8% of GDP, while per capita spending on health rose by RM381 in 1997 to RM1,268 in 2008, representing a CAGR of 10.5% over the period. Going forward, healthcare expenditure is expected to grow by 8-10% p.a..
Healthcare Sector Update : The Wealth Effect - 09/08/2010
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