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Malaysia's care economy potentially worth US$25.5b — deputy minister ========== Malaysia's care economy has a potential worth of US$25.5 billion (RM114.2 billion), according to Deputy Economy Minister Datuk Hanifah Hajar Taib. The global market potential from the ageing population is projected to be US$4.56 trillion by 2025. Malaysia can leverage this trend to enhance societal well-being and productivity through new economic sectors such as the caregiver economy. Malaysia's industries could benefit from the growing demand for healthcare services, including opportunities in healthcare and long-term care tourism, medical equipment supplies, and advanced medical technologies employing artificial intelligence and robotics. Private companies are encouraged to develop products and solutions targeting the elderly and the caregiver economy. https://theedgemalaysia.com/node/722130