Malaysia Among World’s Top Manufacturing Hub For Medical Devices

MIDA and the Association of Malaysian Medical Industries in its Medical Device Industry Status and Outlook 2021/2022 Report indicated Malaysia among the top world’s offshore manufacturing hubs for medical devices.

It also noted that 10 out of the top 30 global medical technology companies have established manufacturing footprints here, and now along with Puerto Rico, Ireland and Costa Rica, Malaysia is now regarded as one of the world’s top offshore manufacturing hubs for medical devices.

Today, close to 300 medical device manufacturing companies make up Malaysia’s vibrant medical device industry, undertaking a variety of activities ranging from regional headquarters and manufacturing to research and development. 

AMMI Chairman, Mr Andy Lee, expressed “Malaysia will continue to attract more foreign direct investment in medical device manufacturing with the Ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) recently. AMMI believes that the industry has the potential to scale even further and capitalise on the global medical device market, which is expected to reach USD745 billion by 2030. In the pandemic era, AMMI members’ investment levels in Malaysia continued to grow, signalling their unwavering confidence in Malaysia. 63 per cent of our members indicate future development plans, and this trend is expected to continue in the coming years. The best is yet to come.”

Demonstrating confidence in Malaysia’s viability as a MedTech hub, AMMI members have continuously increased their investments year after year. AMMI survey respondents plan to invest a collective amount of RM1.4 billion in expansion, RM389 million in new products and RM158 million in new research and development (R&D)/centre of excellence (COE) and Industry 4.0.

According to the report, AMMI members collectively sourced RM3.92 billion of raw materials and services from local suppliers and small and medium-sized enterprises (SMEs) within the country.

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