Malaysia - Investment Performance 2011 - Malaysian Industrial ...

general health purposes. Currently, the
Malaysia’s medical devices market is
valued at about uS$900 million. By
2015, the value of Malaysia’s medical
devices market is expected to reach
uS$1.7 billion.
The medical devices industry in Malaysia
is dominated by small and medium-sized
companies engaged in the production
of medical gloves and other medical
disposable products. Currently, there
are more than 180 medical devices
manufacturers including some world
renowned MNCs operating in Malaysia.
These MNCs include Ambu, B. Braun,
C.R. Bard, Ciba Vision, Meditop
Corporation, St. Jude Medical, Symmetry
Medical, Accelent and Teleflex.
The MNCs in the industry are mainly
involved in the production of higher
value products such as orthopaedic
products, surgical instruments, medical
electrodes, safety intravenous cannulae,
pacemakers, defibrillators, dialysers
and ophthalmic lenses.
The industry continues to expand as
existing medical devices companies,
both local and foreign, expanded
their operations in Malaysia, and
new manufacturing facilities were
established in the country. The existing
companies include Hartalega, Top
Glove, Terang Nusa, Dufu Industries,
Ciba Vision and Munivac while new
companies include Qube Medical,
Peri-dent Star, ummi Medical and
Formedic Technologies.
52 Malaysia - investMent PerforMance 2011
The medical devices industry has
been identified as one of the growth
areas and has been included under
the Healthcare NKEA. To date, the
Government has announced seven new
medical devices related EPPs, which
will create RM17.1 billion in revenue
as well as RM11.4 billion in GNI and
generate 86,000 jobs by 2020.
In order for Malaysia to become a
significant player in the medical devices
market in Asia Pacific in the near future
and capture niche value-added markets
in Europe, the uSA and other countries
by 2020, major initiatives will be
undertaken which include improving
the domestic market penetration,
increasing exports and moving up the
value chain. An additional goal in the
initiative includes passage of the Medical
Device Bill. The Bill has been under
review since September 2011 and, once
passed, would require registration of
all medical devices imported or sold
in Malaysia.
In 2011, exports of medical devices
were valued at RM11.7 billion. Malaysia
continued to be a major exporter
and producer of medical gloves and
catheters with exports valued at RM9.1
billion, accounting for about 77.8
per cent of total exports of medical
devices. Other major exports included
instruments and appliances used in
medical, surgical, dental or veterinary
sciences (RM1.5 billion), ophthalmic
lenses, including contact lenses
(RM353.2 million) and orthopaedic