MARKET SUMMARY
Excellent Opportunities in World´s Fastest Growing Region
Malaysia has a universal healthcare system with world class public and private providers. The government is encouraging the growth of the MEDICAL TOURISM INDUSTRY and this is one of the major factors in new hospitals, upgrades and purchase of high-end equipment. (In 2015 the country will wellcome about 930.000 patients) MARKET ENTRY The most common procedure is to appoint a local distributor, who then takes responsibility for the import procedures, dealing with the lower level retailer, regional distributors, major public and private clients. REGISTRATION OF MEDICAL DEVICES M´sia has introduced a comprehensive set of regulations and these ensure that medical devices - equipment and drugs meet the required safety standards. As part of the Exhibitors Package at SEACare, Exhibitors will be offered: MARKET TRENDS Market Prospects are excellent due to the massive growth in health care facilities: MARKET SHARE The USA is one of the leading suppliers of medical devices-supplements to the Malaysian Market. Other main competitors are all first world nations such as the EU, Japan and until recently S.Korea has been making a determined effort. PR China is also a main supplier to regional markets via Malaysian connections. Malaysia itself is a world class manufacturer in single use and disposables. OPPORTUNITIES + Major Imports: Medical / Laboratory / Hospital Equipment & Supplies Surgical Instruments + Orthopaedics, Hearing Aids and Implanted Products + Drugs & Vitamins, Antibiotics, Cardiovascular - Metabolism Drugs + Herbals and OTC - Wellness CURRENT DEMAND With the on-going new building and refurbishment of facilities, demand for consumer healthcare products - it is one of the fastest growing markets. Vitamins-Supplements and Organic Foods are one of the fastest growing sectors within the OTC Market. And a brand new area: CLEAN ROOM TECH has been included in SEACare and meets the needs of the Healthcare - Food - Pharmaceutical - Electronic Industries. TRADE INDICATORS A YEARS WORK IN 3 DAYS - IS POSSIBLE AT THE SEACare !
A recent UN Report placed Malaysia in the world´s 4 position for affordable public health delivery.
Most hospitals incl. university hospitals contain private wings offering upgraded facilities.
(Holding almost 80 pct of the world market share).
+ Manufacturing of Medical Devices, Pharmaceuticals and Biotech
+ CleanRoom Design-Equipment-Disinfection Systems & Supplies
(SEACare represents the entire Healthcare - CleanRoom Industry).
Opportunities also exist in training facilities, educational materials, lab equipment.