Espicom


The Medical Device Market: Malaysia

Published 05 January 2015

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The Medical Device Market: Malaysia

BMI Industry View: Malaysia's strategy of introducing business friendly policies and not least a new set of medical device regulations has seen it continue to attract multinational investment in manufacturing plants in the country. Whilst there has been some change, most local manufacturers tend to specialise in the manufacture of rubber-based consumables, which has resulted in a high reliance on imports. This being a factor, alongside continued investments in healthcare, the medical device market is set to expand at a solid 16.1 % per annum.

Headline Industry Forecasts

  • In US dollar terms, the medical device market is projected to expand by a CAGR of 16.1%, which should see it rise from an estimated US$1,359.0mn in 2013 to US$2,868.6mn in 2018. By major product area, the 2013-2018 CAGRs are expected to range from 24.8% for consumables to 6.5% for dental products.

  • In US dollar terms, imports grew by 5.9% to reach US$1,173.3mn in 2013. The performance was generally strong in recent years, with a 0.3% growth in 2009 preceding annual growth rates of 18.8%, 15.2% and 18.3% from 2010-2012. The CAGR performance during 2008-2013 was 11.4%. Based on latest collated monthly data, imports to year ending in September 2014 rose by 7.7% over the previous year to reach US$1,226.2mn.

  • In US dollar terms, exports grew by 19.7% to US$1,707.4mn in 2013, compared with the US$1,426.9mn reported for 2012. In the 2008-2013 period, exports had a CAGR of 13.6%. The value of exports is considerably higher than the value of imports, with a balance of trade surplus of US$534.1mn in 2013. Based on collated monthly data, exports for the year ending in September 2014 rose by 17.4% to reach US$1,934.8mn.

  • The government has attempted in recent years to encourage domestic manufacturers to expand production into more technologically advanced products but to date the majority still consists of consumables such as rubber gloves and catheters, for which Malaysia is a world leader....

Table of Contents

Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
13
Business Environment
15
Industry Forecast
17
Medical Device Market Forecast
17
2008-2013 Performance
17
2013-2018 Performance
18
Table: Projected Medical Device Market, 2013-2018
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
20
Consumables Market Forecast
25
Bandages & Dressings
25
Suturing Materials
25
Syringes, Needles & Catheters
25
Other Consumables
26
Table: Consumables Market, 2008-2018 (US$mn)
26
Table: Consumables Market, 2009-2018 (US$mn % Change)
27
Diagnostic Imaging Market Forecast
28
Electrodiagnostic Apparatus
28
Radiation Apparatus
29
Imaging Parts & Accessories
29
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
29
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
31
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
33
Table: Dental Products Market, 2008-2018 (US$mn)
33
Table: Dental Products Market, 2009-2018 (US$mn % Change)
34
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
36
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
37
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2008-2018 (US$mn)
39
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
39
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (US$mn)
41
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
50
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
52
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2013
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, June 2011-June 2014 (US$mn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
71
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
73
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2013
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
80
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
83
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, June 2011-June 2014 (US$mn)
87
Macroeconomic Forecasts
89
Table: Economic Activity (Malaysia 2009-2018)
94
Industry Risk Reward Ratings
95
Table: APAC Medical Device Risk/Reward Ratings, Q414
96
Market Overview
97
Medical Device Market Overview
97
Table: Medical Device Market, Key Ratios, 2013
98
Table: Medical Device Market By Category, 2013
99
Healthcare Overview
99
Health Status
99
Healthcare System
99
Medical Tourism
100
Economic Transformation Programme (ETP) - Healthcare NKEA
100
Table: Ten New NKEA Healthcare Projects By Job Creation And Value (MYRmn)
102
Healthcare Funding
102
Healthcare Resources
102
Table: Medical Device Technology, 2010
103
Healthcare Activity
103
Healthcare Personnel
104
Key Healthcare Data
104
Table: Key Healthcare Data, 2008-2013
104
Industry Trends And Developments
107
Industry Trends & Developments
107
Table: Ten New NKEA Healthcare Projects By Job Creation And Value (MYRmn)
108
Regulatory Development
111
Medical Device Regulations
111
Medical Devices Authority
111
Regulations
111
Table: Risk-Based Classification Of Medical Devices By Type
111
Regulatory Framework Overview
112
Competitive Landscape
113
Domestic Medical Device Production
113
2008-2013 Medical Device Production
113
Table: Exports Of Gloves & Catheters, 2008-2013 (MYR mn)
113
2006-2020 Medical Device Production Targets
113
Table: Government Medical Device Projections, 2006-2020 (MYRbn)
114
National Medical Device Manufacturing
115
Manufacturing
115
Table: Selected Domestic Medical Equipment Manufacturers
115
Research & Development
117
National Medical Device Manufacturers
117
Table: Top Glove's Operations, 2014
119
Table: Top Glove's Financial Indicators, 2007-2013 (mn)
120
Multinational Medical Device Manufacturers
120
Multinational Market Activity
125
Table: Multinational Market Activity, 2014
125
Medical Device Market Access
126
Distribution
126
Trade Associations
126
Methodology
128
Medical Device Market Methodology
128
Trade Code Classifications
129
Table: Used HS Trade Codes, 2014
129
Table: Rearranged HS Trade Codes, 2014
131
Risk/Reward Ratings Methodology
134
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
135
Sources
136
Contact
137
OVERVIEW OF THE MEDICAL MARKET IN MALAYSIA

Espicom Industry View

  • Malaysia's medical devices are mainly imported, especially the more technologically advanced items. The market is expected to increase by a strong 2013-2018 CAGR of 13.5%, reaching US$2.7bn, or US $84 per capita, by 2018.
  • Imports breached the billion dollar mark for the first time in 2012, reaching a total US$1,113.6mn, a rise of 18.9% over the previous year's total of US$936.6mn. In the five years between 2007 and 2012, imports rose at a CAGR of 14.3%. 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.
  • Malaysia's major natural resource is rubber and the country's medical device exports are dominated by latex products such as surgical gloves. The share of this sub-category has slowly started to diminish with the steady growth of diagnostic imaging exports in recent years, particularly electrocardiographs and other electrodiagnostic apparatus.

STRATEGIC MARKET ANALYSIS

Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:

  • Unique projected estimates of market size and growth for 33 equipment categories
  • Five year statistical data for key economic and healthcare indicators
  • Information on regulation, distribution and market access
  • Detailed Medical trade data
  • Data on leading local/multinational medical equipment players in the market

WITH THIS MARKET REPORT YOU CAN

  • Evaluate the potential of the market
  • Assess risks and opportunities on the basis of knowledge
  • Profile the market for new product, licences or collaborations
  • Understand the operating and regulatory environment
  • Gain a complete picture on health expenditure and infrastructure
  • Review the competitive environment

 

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