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EPP 12: Medical equipment refurbishment hub
This EPP aims to attract global companies to establish authorised
refurbishment facilities for sophisticated medical equipment,
which may include CT scanners, MRI scanners and molecular
imaging equipment.
To become a regional medical equipment refurbishment hub,
two things must be done:
1. Attract multinational corporations to establish their
refurbishment facilities in Malaysia
2. Grow the refurbishment business for domestic medical
equipment service providers.
By 2020, the medical equipment refurbishment sector is estimated
to generate RM840 million of revenue.
EPP 13: Build medical hardware and furniture cluster
Malaysian companies are already exporting medical furniture
to over 40 countries globally. To scale up, Malaysia will target to
be a supplier of competitively priced, quality medical furniture
to developed countries. These Made-in-Malaysia furniture
products should offer comparable functionalities with global
brands, but at substantially lower prices and excellent aftersales
services. Revenue from this EPP alone is expected to hit
RM1.2 billion by 2020.
Moving Forward
The creation of the Medical Device Authority and the
implementation of the Medical Device Act will address the issue
of low quality products. The Medical Device Authority is expected
to be fully operational by May 2012, while the enforcement of the
act will begin in October 2012.
Summary of Healthcare NKEA
“The new Medical Devices
ePPs will contribute to
RM11.4 billion in GNI by
the year 2020 and create
86,000 new jobs.
”
2020 Target
Incremental GNI Impact RM35.3 billion
Additional jobs 181,000
Critical targets for 2012
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Expansion of Foreign Workers Health Insurance to foreign workers in Sabah and Sarawak
Corporatisation of Clinical Research Malaysia
Incentives to encourage the establishment of more bioequivalence centres
Implementation of Pharmaceutical Off-Take Agreement
Amendment to Patent Act
Increase in the expansion of hospitals and ambulatory centres
Expansion of the Diagnostic Services Nexus (DSN) to more public and private hospitals
Completion of earthworks for the construction of UM Health Metropolis
Establishment of Medical Device Authority by May 2012
Enforcement of National Regulations for Medical Device by October 2012
Conversion of Seniors Living BO to EPPs
Business Opportunity 2
Seniors Living
NKEA: Healthcare Business Opportunities
The NKEA has recognized opportunities in the growing need
to address the outpatient and community-based care needs
for the elderly. The Seniors Living BO will ideally bring about an
ecosystem that offers the provision of short term and long term
holistic care for the aged. During the 2010 Healthcare NKEA labs,
this BO was projected to potentially deliver over 11,000 new jobs
and RM1 billion GNI in 2020.
Similar to the development of the Med Tech Manufacturing BO,
we hope to develop this BO into implementable EPPs through
the lab approach.
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