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Malaysia’s healthcare industry expects to generate RM13b revenue

byCT Report
03/08/2016
in Latest News
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KUALA LUMPUR: Malaysia’s healthcare industry is expected to generate nearly RM13 billion in revenue this year, said Health Minister Dr S Subramaniam.

He said the medical devices sector, which is a key segment of the industry, was expected to contribute RM11 billion in exports, with revenue from the health tourism and pharmaceutical sectors expected to reach RM1 billion and RM800 million respectively. Overall, he said, the healthcare industry was expected to contribute RM35 billion to Gross National Income (GNI) and create 180,000 jobs by 2020.

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“For the medical devices sector, Malaysia is the largest surgical gloves manufacturer in the world and we also manufacture beds, dental chairs and orthopaedic implants.

“We hope that we can compete in the international markets,” he told reporters at the Medical Device Competency Seminar here today. Themed “Towards Implementation of Medical Device Competency Regulatory Programme in Malaysia”, the seminar was organised by the Medical Device Authority and Eastwood Park Integrated Academy Sdn Bhd.

Dr Subramaniam said the seminar would kick off the Medical Device Competency Regulatory Programme, in line with the Medical Device Act 2012 (Act 737). He said the programme would ensure competency among persons using or operating a medical device or a person installing, commissioning, testing, maintaining or disposing of a medical device to demonstrate conformity to the requirements of the Act.

“There are 4,000 personnel in this country working in this field and they should be trained properly to ensure that they meet all the requirements of the Act,” he said.

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