Medical Devices Industry in Malaysia : An Overview 2017
Manufacturing of medical devices in Malaysia grew from RM 9.61 billion in 2010 to RM 17.35 billion in 2016 at a CAGR of 10.34%. Rubber gloves continues to be the most dominating product within the 5-year period of 2012 – 2016. While in the same period, other medical devices excluding rubber gloves have recorded double digit CAGR of 24.55%. Exports for made-in-Malaysia medical devices have remained flattish from 2012 – 2016, recording USD 4.2 billion (RM 12.9 billion) in 2012 which increased to USD 4.1 (RM 17.8 billion) in 2016. Mainly due to the weak exchange rate in 2014 – 2015.
Malaysian Pharmaceutical Markets: An Overview 2020
Malaysia pharmaceutical market is growing on year on year basis with projected CAGR of 18.18% between 2016 and 2020. Malaysia pharmaceutical market is estimated to expand to USD 3.6 billion. The growth of Malaysia pharmaceutical resonates with total Malaysian Health Expenditure that has been increasing from RM 9,917 million in 2010 to 21,573 million in 2017. Pharmaceutical products imported to Malaysia were far greater than Malaysia pharmaceutical exports. In 2018 the import of pharmaceutical were RM 6,375 million compared to export that was reported at 762 million for the same year.
Medical Tourism in Malaysia : An Overview 2017
Malaysia is ranked as the top medical tourism destination in the world for the third consecutive year (2014-2016) as awarded by the International Medical Travel Journal Awards (IMTJ) based on standard of care, cost, and hospitality. Based on 2015 data, Malaysia is placed 4th based on revenue and 2nd based on medical travellers in the Southeast Asia region. For 2016, Malaysia recorded revenues of USD 270.3 million from 921,000 medical travellers, which is a 25.8% increase over 2015’s level.
Malaysian Nutrition Supplement Industry: Final Report 2020
Vitamins & Dietary Supplements was the biggest contributor in Malaysia Nutrition Supplement Industry contributing more than 50% of the sales of Consumer Health in Malaysia as reported in 2017. The import of nutrition supplements has also expanded with CAGR of 30.40% reported between 2016 and 2018. The key driving forces for the expansion of the nutrition supplements industry in Malaysia are changes in lifestyle and growing awareness towards health.