|
|
 |
|
Viewing report
|
|
|
|
The Medical Device Market: Malaysia
Espicom Business Intelligence Ltd, Sep 2009, Pages: 98
This in-depth medical device market report is ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Executive Summary
Malaysia’s medical devices and supplies are mainly imported, especially the more technologically advanced items. Espicom estimates current growth in the market to be a strong 8.3% per year, reaching US$1.2 billion, or US$40 per capita, by 2014.
Malaysia’s major natural resource is rubber, and the country’s exports are dominated by latex products such as surgical gloves and catheters, which together accounted for around 56% of the export total in 2007.
The Malaysian government has attempted in recent years to encourage domestic manufacturers to expand production into more technologically advanced products and develop services such as Information and Communications Technology and other support related services. This has been detailed in the Third Industrial Master Plan 2006-2020.
In the five years from 2003 to 2007, imports have nearly doubled, growing at an attractive CAGR of 15.4%. Imports are expected to continue growing at a strong rate, in line with rising health expenditure growth, and the country’s heavy reliance on imports to meet its healthcare needs.
The Medical Device Bill, Malaysia’s first set of medical device regulations, was finalised in March 2008, and the next step will be for it to be tabled and approved by parliament. There is currently no mandatory registration for medical devices, but this is expected to change, along with the other related regulations involving production and importation of medical devices, including surveillance and monitoring.
Customers who bought this item also bought
The Medical Device Market: Slovakia
The Medical Device Market: Romania
The Medical Device Market: Russia
The Medical Device Market: China
The Medical Device Market: Turkey
The Medical Device Market: Austria
The Medical Device Market: India
The Medical Device Market: Israel
The Medical Device Market: Argentina
The Medical Device Market: Iran
The Medical Device Market: USA
The Medical Device Market: Venezuela
|
|
|
|
