MEDICAL DEVICES
The medical device value chain can be described based on the industry landscape and the strengths and opportunities that arise in the business activities.
The value chain is divided into five areas as follows:
RESEARCH & PRODUCT DEVELOPMENT
COMPONENT MANUFACTURING
MANUFACTURING & ASSEMBLY
SALES & DISTRIBUTION
POST-SALES SERVICE
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Research centres for medical devices are mostly available in MNCs, but even those are less
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Multinational companies support the local medical device
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Malaysia’s medical devices are known to be of relatively high quality at reasonable prices. Malaysia’s strength is in the production of existing products with the potential to explore a wider range of products of higher value.
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Within the domestic market, sales and distribution is conducted by local distributors familiar with the government procurement process and hospitals procurement system. infrastructure, strategic ports, and international airports have created good regional and international connectivity for High-quality transport Malaysia to develop its export potential.
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There is limited necessity for post- sales service for most of the products. However, there are companies that offer training and maintenance for some products such as healthcare equipment.
industry through opportunities to supply medical parts and components. Contract manufacturing of components by local SMEs are relatively strong.
focused on the development of new products. Collaboration in research and development
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activities conducted among universities, research institutes, and foreign and local companies focus on integrating emerging technology like ICT, IoT, and 3D printing.
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Opportunities to strengthen component
manufacturing are mainly in medical grade metalworking, plastics, and precision machining.
adopted from Industry Mapping and Value Chain Analysis of Medical Devices Companies in Penang (2020)
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry 78
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