Enterprise
Opportunities in healthcare
Najihah S | 03 Nov 2017 00:30
From left: Yin, Tan and Dr Ng who are among CareDo’s founders

HEALTHCARE is a growing business in Malaysia. Market research firm GlobalData says the country’s healthcare market will be worth US$3.7 bil (RM15.9 bil) by 2020.

The ageing population is also growing with those 65 and above reaching 7% of the national population by 2020 from 6.2% this year.

This is a compound annual growth rate of 4.2% from 2013, with a current population of 32 million.

With an ageing population, care for mothers, babies, and childcare services will also rise.

This presents opportunities for entrepreneurs to provide services that fill the gap where the public sector is not able to focus on.