Table of Contents

Quartenary Sector

Education

Education For A Brighter Tomorrow: An outlook on construction in Malaysia

MALAYSIAN EDUCATION SECTOR
The PHEI industry in Malaysia is valued at MYR 31.5 Billion in 2018 and is projected to reach MYR 84 Billion in 2030

While the education industry in Malaysia covers many levels of education from childcare to tertiary professional training, foreign investments in education industry of the country often come in Private Higher Education Institutions (PHEIs). The rising trend in the country’s PHEIs may be explained by its lifting of restrictions on foreign investments in 2003, allowing foreign investors to have 100% equity ownership of foreign educational institutions.  According to MIDA (2024), the PHEI industry in Malaysia is valued at MYR 31.5 billion in 2018 and is projected to reach MYR 84 billion in 2030 with a CAGR between 5% and 6%. As of 2022, the education industry in Malaysia has recorded a total approved investment of MYR 618 million. An illustration of foreign PHEI in Malaysia is Pusat Bahasa Teikyo, which offers university preparatory course for Malaysian students looking to further their studies in Japan with 12 years of education yet to be fulfilled. 

Information and Communication Technology (ICT)

Connecting The World With Innovation: An outlook on information and communication technology in Malaysia

MALAYSIAN ICT SECTOR
the market size of ICT in Malaysia is estimated at around USD $27 Billion in 2024 and is projected to reach USD $39 Billion by 2029.

In general, the term ICT usually refers to infrastructures and components that enable modern computing, which includes both computer and network hardware along with their software used to transmit, store, or share information. Telecommunications also fall under the ICT industry following its progressive convergence with computing and broadcasting (Laanti, McDougall, & Baume, 2009).  According to Mordor Intelligence (2024), the market size of ICT in Malaysia is estimated at around USD 27.20 billion in 2024 and is projected to reach USD 39.18 billion by 2029 with a CAGR of 7.57% during the forecast period. This may be attributed to the increasing digitalization process across all industries in Malaysia. The upward trend for ICT goods and services in Malaysia is estimated to continue in the coming years, with the Department of Statistics Malaysia (DOSM) reporting the industry’s contribution of 23.2% to Malaysia’s GDP in 2023. Subsequently, the market concentration for the ICT industry in Malaysia is currently fragmented, indicating an opportunity for new entrants in the industry.

Healthcare

Elevating Health, Elevating Wealth: An outlook on healthcare in Malaysia

MALAYSIAN HEALTHCARE SECTOR
The International Trade Administration projected that personal healthcare expenditures will reach USD $2.8 Billion by 2028.

The healthcare industry in Malaysia is segregated into the public universal healthcare system and the private healthcare system. Malaysia’s total healthcare spending has significantly increased in the last decade, reporting a spending of MYR 24.6 billion in 2021 (CodeBlue, 2023). According to YCP (2024), the industry contributes to 5% of the national GDP and is projected to grow at a CAGR between 8% and 9% until 2025. The upward growth of the industry is also supplemented by the International Trade Administration (2024) which projected that personal healthcare expenditures will reach USD 2.8 billion (approx. MYR 13.3 billion) by 2028, thus, indicating opportunities for medical devices and health technology imports.

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