Healthcare Opportunities in Malaysia

An Expert's View about Medical and Dental Services in Malaysia

Posted on: 4 Oct 2010

Malaysia is one of the most ethnically diverse Asian countries.Malaysia sees an increase in demand for healthcare services reflected by the increasing healthcare expenditure.”

Sector briefing Healthcare Opportunities in Malaysia Why Malaysia? Malaysia is one of the most ethnically diverse Asian countries. It comprises of 3 majority ethnic groups; Malays, Chinese, Indians and has a fast growing population. The growing economy has resulted in increased wealth spent on private healthcare. The government handles 75% of Malaysia?s healthcare needs. Increasing number of elderly citizens have pushed healthcare to the top of the Malaysian government agenda with plans to increase the number of mobile healthcare clinics. Find general information on Malaysian market Boosting the healthcare industry is one of conditions on UKTI?s website. The Doing the development objectives of the Malaysian Business Guide for Malaysia gives an overview Government during the Ninth Five-Year plan of Malaysia?s economy, business culture, (2006-2010). potential opportunities and an introduction to other relevant issue Under the 9MP efforts are undertaken to consolidate healthcare services, enhance ?Malaysia sees an increase in human resource development and optimize resource utilisation. Emphasis is demand for healthcare given to the changing pattern of communicable services reflected by the and non-communicable diseases including increasing healthcare mental health. Initiatives are undertaken to expenditure.? reform healthcare services and the promotion of well being to the general population. UK Trade & Investment Sector briefing: Healthcare opportunities in Malaysia placed a high priority to prevent and contain Opportunities diseases outbreaks. Opportunities for UK healthcare companies in Multinationals control about 70% of the Malaysia include: pharmaceutical market in terms of innovative and specialised products. The local industry Supply of medical equipment and devices remains focused on the production of generics and lower-tech medicines. There is now an UK has traditionally success in supplying expanding generics market due to rising costs. medical equipment to Malaysia. Malaysia imports around 85% of the medical equipment R & D and consumables used in the healthcare sectors. Malaysia is keen on joint research projects. The government?s focus in developing the biotech There are also planned investment in the sector will result in improved investment expansion of medical facilities both in the opportunities which will be favourable for private and public sectors. businesses and cost effective R & D propositions. There are also tax breaks and Contract Manufacturing of Medical Devices concessions for foreign companies setting up. Malaysia has a developed strength in clean Regional Collaborations technology. There is strong presence of established supporting industries ranging from There is also an increasing demand on halal sterilisation services, sterile medical packaging, medicine and products, which boots demand in precision engineering and tool & die making to the Islamic world. Malaysia, a member of the contract manufacturing and assembly & Organisation of Islamic Countries (OIC) machinery fabrication. A well educated, English provides access to other global Islamic speaking population, availability of the markets. supporting industries makes Malaysia an ideal location for the manufacture of medical Malaysia also has increased trade and devices. investment collaboration ties with China and therefore will benefit from this rising Training importance. Malaysia is one of the six Association of South East Asian Nations Institutions of higher learning are keen to (ASEAN) nations that will have their Most develop healthcare courses and vocational Favoured Nations (MRN) rates on Chinese training that are internationally recognised. goods reduced to 0% by 2010. In tandem, the There are shortages of certain medical same rules apply to China which will enable professionals. Malaysian goods to be duty-free to China. Driven by increased affluence there is an The Ministry of Health announced that at least increasing number of private hospitals. 70% of the equity in services sector will be Malaysia is also becoming an attractive location opened to foreign participation under ASEAN for medical tourism. The demand for better Free Trade Agreement. Liberalisation of the services is driven by a growing as well as an healthcare sector will allow foreign corporation ageing population which will cause a shortage to open hospitals as well as foreign doctors and of personnel. insurance companies operate in Malaysia. Pharmaceuticals Foreign healthcare companies in Malaysia Increasing healthcare costs and consumer awareness has boosted overall drug Companies with significant local production consumption. Prescription and dispensing of facilities in Malaysia include B Braun, GSK, medication is presently dealt with by general Johnson & Johnson and Ranbaxy. Other foreign practitioners which increases the overall value owned drug companies with established of the prescription market. There is also a presence in the market include Eli Lilly, GSK, rising demand for treatment of chronic Bayer, Agfa, Pfizer, Novartis, Merck & Co, conditions. The Malaysian government has also Sanofi-Aventis, Roche, Bristol-Meyer Squibb and Boehringer. UK Trade & Investment Sector briefing: Healthcare opportunities in Malaysia If you have any questions on the opportunities APHM International Healthcare Conference & above, contact the UKTI Malaysia contacts Exhibition (Association of Private Hospitals, named in this report. Business opportunities Malaysia) aimed specifically at UK companies are added Dates: 13-15 July 2010 daily to UKTI?s website. These leads are www.aphmconferences.org sourced by our staff overseas in British Embassies, High Commissions and Consulates, BioMalaysia 2010 across all sectors and in over 100 markets. Dates: 2-4 Nov 2010 www.protempgroup.com You can be alerted to opportunities in Malaysia on a regular basis by registering on the UKTI Malaysia International Health Tourism, Penang website. More on UKTI?s business opportunities Dates: 1-3 December 2010 service www.pacizon.com Major events and activities UKTI SEA Heal UKTI contacts thcare outward delegation to Malaysia, Thailand, Singapore to coincide with Medical Fair Asia, Singapore Angie Yen Contact: Bob Kipps, UKTI Healthcare Sector Senior Manager for Trade & Investment Email: Robert.kipps@ukti.gsi.gov.uk British High Commission Dates: 15-17 September 2010 Tel: (00603) 2170 2268 Email: angie.yen@fco.gov.uk www.ukti.gov.uk Find full details of all Healthcare related events on the UKTI website. New export events are added daily to the site and you can register to be alerted to them on a daily, weekly or monthly basis UKTI?s Tradeshow Access Programme (TAP) provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events Other Healthcare Related Exhibitions in Malaysia Asia Medical Tourism & Wellness Congress Dates: 13-14 May 2010 www.glow2010.com Women Health Expo Dates: 22-23 May 2010 www.penhealth.com.my PharmaTech Congress 2010 Dates: 25-27 May 2010 www.pharmatechnol.com Lifescience Lab 2010 Dates: 8-10 June 2010 www.faconnex.com UK Trade & Investment Sector briefing: Healthcare opportunities in Malaysia Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Malaysian market are advised you to meet contacts and promote your to undertake as much market research and company in the Malaysian market planning as possible in the UK. UKTI?s team in Malaysia, with its wide local knowledge and This work is available via our Overseas Market experience, can provide a range of services to Introduction Service (OMIS) a chargeable British-based companies wishing to grow their service which assists British-based companies business in the Malaysian market. wishing to enter or expand their business in overseas markets. This can include: ? Provision of market information To find out more about commissioning this ? Validated lists of agents/distributors work, or accessing other UKTI services and ? Key market players or potential specialist advice, please visit the UKTI website customers in the Malaysian market to find contact details for your local UKTI ? Establishment of interest of such office. contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2010 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: Healthcare opportunities in Malaysia
Posted: 04 October 2010

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Healthcare Opportunities in Malaysia   By UK Trade & Investment
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