To understand the landscape, the medical and healthcare industry in Malaysia can be examined from the perspectives of three main sectors which are: I. Pharmaceutical II. Healthcare services III. Medical devices
DEFINING THE INDUSTRY SCOPE
Pharmaceutical
Healthcare services
Medical devices
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The healthcare services industry describes medical professionals, organisations, and ancillary healthcare workers who provide medical care. cover different aspects of medical care such as mental health, dental care, laboratory and diagnostic, substance abuse treatment, preventive care, physical and occupational therapy, transportation, and prenatal care. Healthcare services
The pharmaceutical industry consists of the manufacturing of major pharmaceutical products, which are: • Prescription medicine • Over the counter (OTC) products • Traditional medicine • Health and food supplements
Medical describes any instrument, apparatus machine, appliance, implant, in-vitro reagent or calibrator and software materials used by a human being or the human body for the purposes of diagnosis, prevention, monitoring, treatment alleviation of disease and injuries. devices industry
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This includes the manufacture of pharmaceutical preparations, as follows: I. Sterile preparations II. Medical diagnosis preparations III. Radioactive in vivo diagnostic substances
This industry is further divided into three segments in Malaysia Standard Industrial Classification (MSIC), 2008: I. Administrative healthcare services
The medical devices industry is divided into two main segments in MSIC, 2008: I. Manufacture of medical and dental instrument and supplies II. Manufacture of irradiation, electromedical, and electrotherapeutic equipment
- Regulation of the activities of providing healthcare, education, cultural services, and other social services, excluding social security
II. Human health activities III. Residential care activities for elderly, disabled, mental health, and substance abuse
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Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry
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