Category Archives: News & Publications

The Borneo Post, 3 August 2017

KUALA LUMPUR; Exports of medical devices are set to grow by 12 per cent year-on-year to RM17.74 billion in 2017, supported by growing demand, particularly from Asia-Pacific.

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According to the Association of Malaysian Medical Industries (AMMI) Medical Device Industry Outlook Report 2017, the region accounted for 51.5 per cent of total exports, followed by North America (27.1 per cent) and Europe (19.4 per cent).

“China, India and the Asean countries are major drivers of growth in the region, as the countries gave more emphasis to healthcare,” he said.  Hitendra said this at a media briefing this after launching the report yesterday. Also present was Malaysian Investment Development Authority chief executive officer, Datuk Azman Mahmud.

On the report, Joshi said, 70 per cent of AMMI’s 63 member companies were expected to invest RM1.4 billion in Malaysia in 2017, a sign of a strong investor confidence in the country.

Meanwhile, Azman said, MIDA had approved RM1.95 billion worth of investments in medical devices, involving 16 projects during the first half of the year.  Comparatively, he said, 23 projects worth RM1.59 billion were approved in the same period last year, adding that MIDA had approved a total of 41 projects worth RM2.9 billion in 2016, which helped to create 7,300 jobs.  “While the medical devices industry sees a bright future ahead, Malaysia is moving towards Industry 4.0, and emerging challenges such as digitalisation, consumer empowerment and new competitors are reshaping the overall landscape,” said Azman.

Hence, he urged industry players to shift their mindset and embrace technology, to keep innovating and  to keep conducting research and development to overcome the challenges.

To date, Malaysia has over 200 medical devices manufacturers with investments worth RM14.2 billion. — Bernama

As seen in Borneo Post

Medical devices export to grow by 12 per cent for 2017

KUALA LUMPUR, Aug 2 (Bernama) — Launched at the Malaysian Investment Development Authority (MIDA) HQ today, the AMMI Medical Device Industry Outlook Report 2017 highlighted that AMMI recorded an outstanding value-added ratio of 57% in manufacturing medical devices in Malaysia. Equally impressive is the fact that some RM2.84 billion or 63% worth of raw materials and services were locally sourced from within the country. This reflects AMMI’s commitment in supporting government initiatives to develop local small and medium-sized enterprises (SMEs).

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The Report also highlighted that over 70% of AMMI members surveyed are expected to invest a total of RM1.4 billion in the country in 2017 – a strong signal by way of investor confidence in the Malaysia.

The total value of cumulative investments reported by respondents to the association’s survey stood at RM6.04 billion, as at December 2016.  The value of its cumulative investments grew by a 17.1% compound annual growth rate (CAGR) between 2012 and 2016.

AMMI Chairman, Hitendra Joshi stated that its members’ collective exports  last year rose by 17% to hit RM9.7 billion and this figure represents over half of Malaysia’s total exports of medical devices in 2016. Malaysia’s medical device exports is expected to reach RM17.7 billion by 2017.

“The presence of many MNCs such as B. Braun Medical (Germany), Abbott (USA), Haemonetics (USA), Teleflex Medical (USA), CR Bard (USA), Johnson & Johnson Vision (USA), CIBA Vision (Switzerland), Ambu (Denmark), ITL BioMedical (Australia),  Medipro (Japan) and Toshiba Medical Systems (Japan) has contributed to the development of a comprehensive local supply chain benefitting many local players. Most of these local companies have acquired advanced technology and knowledge to meet the requirements of international standards. These include companies providing services to MNCs such as UWC, Sin Yong Guan Industries, Epsilon, Professional Tools & Dies and Zeito Plastic Components,” says YBhg Dato’ Azman Mahmud, Chief Executive Officer of MIDA during the launch of the report.

“While the medical device industry sees a bright future ahead, emerging challenges such as digitalisation, consumer empowerment and new competitors are fast reshaping its overall landscape. In addition, the pace of innovation in this industry will also continue to accelerate due to the country’s movement towards Industry 4.0. Industry players therefore, must be willing to shift their mindset, embrace technology, adopt R&D and keep innovating,” added Dato’ Azman.

Malaysia continues to evolve as a hub for medical device manufacturing, with over 200 medical device manufacturing companies thriving within a well-connected industry eco-system.   Medical devices produced in Malaysia are of world-class quality and recognised for its adherence to international standards as well as global regulatory compliance systems. This is backed by the fact that over 90% of medical devices manufactured are for export. In 2016, exports of Malaysian made medical devices were valued at RM15.8 billion.

As see online at MREM Bernama

http://mrem.bernama.com/viewsm.php?idm=29729

The Malaysian Reserve – 2 August 2017

By Lydia Nathan

Exports of Malaysia’s medical devices are expected to reach RM17.7 billion this year, compared to the RM15.8 billion worth of products exported in 2016.

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According to the Association of Malaysian Medical Industries (AMMI) Medical Device Industry Outlook 2017 that was launched at the Malaysian Investment Development Authority (Mida) headquarters (HQ) yesterday, the increase is a sign that Malaysia has continued to evolve as a hub for medical device manufacturing.

Mida CEO Datuk Azman Mahmud told a press conference that more multinational companies are expected to set up shop in Malaysia, including firms that have never invested in the country before.

He said that the current medical device industry in Malaysia is an area showing great promise and the country has more than 200 medical device manufacturers with implemented investments of RM14.2 billion.

“In 2016, Mida approved a total of 41 projects with investments of RM2.9 billion. These approved projects have created over 7,300 employment opportunities, whereby the majority is in the managerial, professional, supervisory and technical positions,” he said.

The medical device business has also spurred the growth and development of local small and medium-sized enterprises in line with the government initiatives.

According to AMMI, some RM2.84 billion or 63% worth of raw materials and services were locally sourced from within the country, and 37% of raw materials were imported amounting to RM1.65 billion.

For the first-half of this year, Malaysia saw 16 medical devices projects approved, amounting to RM1.95 billion worth of investments, whereas for the same period in 2016 there were 23 projects involved, with a sum of RM1.59 billion investments approved.

A total value of cumulative investments stood at RM6.04 billion as at December 2016, growing 17.1% compound annual growth rate between 2012 and 2016.

Of the total, the collective exports of AMMI members last year rose by 17% to hit RM9.7 billion in 2016.

AMMI chairman Hitemdra Joshi said that 27% of exports from Malaysia go to the US.

“From the figures, we can see that even the US companies based here, are exporting from the region itself. “The growth, exports and potential in Asia are going to be so tremendous that I think the Trump impact will not be so strong for the medical industry,” he said.

Azman added that while the medical device industry sees a bright future ahead, emerging challenges such as digitalisation, consumer empowerment and new competitors are fast reshaping its overall landscape.

“In addition, the pace of innovation in this industry will also continue to accelerate due to the country’s movement towards Industry 4.0. Industry players therefore, must be willing to shift their mindset, embrace technology, adopt research and development and keep innovating,” he said.

As seen on The Malaysian Reserve Online

Export of medical device to reach RM17.7b, says AMMI

Malay Mail Online, 2 August 2017

KUALA LUMPUR, Aug 2 — Exports by the Malaysian medical devices sector is expected to grow by 12 per cent year-on-year to RM17.74 billion in 2017, supported by growing demands, particularly from the Asia-Pacific region.

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The Association of Malaysian Medical Industries (AMMI) Medical Device Industry Outlook Report 2017 revealed that the region accounted for 51.5 per cent of total exports, followed by North America (27.1 per cent) and Europe (19.4 per cent).

“China, India and the Asean countries are major drivers of growth in the region, as the countries give more emphasis to healthcare,” said AMMI Chairman Hitendra Joshi.

Joshi told a media briefing this after launching the AMMI Medical Device Industry Outlook Report 2017.

Also present was Malaysian Investment Development Authority (MIDA) Chief Executive Officer, Datuk Azman Mahmud here, today. — Bernama

As seen in Malay Mail Online

http://www.themalaymailonline.com/money/article/malaysias-medical-devices-export-to-grow-12-pct-for-2017

New Straits Times, 2 August 2017

by Ayisy Yusof

KUALA LUMPUR: Association of Malaysian Medical Industries (AMMI) said over 70 per cent of its members surveyed are expected to invest a total of RM1.4 billion this year, spurred by investors’ confidence in the country.

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AMMI chairman Hitendra Joshi said it recorded a value-added ratio of 57 per cent in manufacturing medical devices with RM2.84 billion or 63 per cent worth of raw materials and services were locally sourced.

“The growth of Malaysian medical devices export is expected to increase by 12 per cent to RM17.74 billion this year. Malaysia has a strong position in medical device and the global demand is increasing mainly in Asean and China,” he said at the AMMI Medical Device Industry Outlook Report 2017 in Kuala Lumpur, today.

He added that AMMI expects its export contribution will be similar as last year about half from the total total export pf medical devices.

“Our members’ collective exports last year rose by 17 per cent to hit RM9.7 billion, which represents over half of Malaysia’s total exports of medical devices last year,” he said.

Meanwhile, Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Azman Mahmud said Malaysia continues to evolve as a hub for medical device manufacturing with over 200 medical device manufacturing companies thriving within a well-connected ecosystem.

“While the medical device industry sees a bright future ahead, emerging challenges such as digitalisation, consumer empowerment and new competitors are fast reshaping its overall landscape.

“The pace of innovation in this industry will also continue to accelerate due to the country’s movement towards Industry 4.0, therefore, we must be willing to shift their mindset, embrace technology, adopt research and development as well as keep innovating,” he said.

According to MIDA, a total of 16 investment projects worth RM1.95 billion has been approved in Malaysia in the first-half this year, mainly from foreign investors.

Last year, a total of 41 projects amounted to RM2.9 billion investments were approved in the medical devices sector.

As seen in NST Online

https://www.nst.com.my/business/2017/08/263238/local-medical-industry-players-invest-rm14b-year