Medical device market in malaysia. 5 billion in 2025 to USD 17. The medical devices market is expected to increase at an 8. 98 billion by 2033, reflecting an anticipated CAGR of 11. : 978-967-0020-15-0 PUBLISHED BY: MINISTRY OF INVESTMENT, TRADE AND INDUSTRY Menara MITI, No. We invite you to explore the myriad opportunities that await in Malaysia’s medical devices market. The Malaysia Medical Devices Market Growth is registered at a CAGR 7. Regulatory information, device registration & safety under Medical Device Acts 737 & 738. Robust development of Malaysia Medical Device Market is driven by the growing income among the middle class, increasing demand for reliable diagnostic equipment, the nation’s aging demographic, and the government initiatives to enhance accessibility to healthcare services for the population. The Malaysia Medical Devices Market was valued at 63. 6b) by 2028 at a compound annual growth rate (CAGR) of 9. The report found that Malaysia boasts the largest medical device market in Southeast Asia, with its market size reaching RM10. Oct 2, 2024 · Malaysia’s vibrant medical device ecosystem has been instrumental in attracting numerous investments to the country. Bundle - 10% discount Medical devices - the basics This bundle combines essential ISO standards to provide a robust framework for quality management and risk management in the medical device industry. Sample Report Malaysia – Healthcare (Pharma and Medical Devices) Market Analysis, Regulatory, Reimbursement and Competitive Landscape was curated by the best experts in the industry and we are confident about its unique quality. The evolution of Malaysia's medical devices industry is marked by significant milestones that reflect its growth, well-supported by a diverse ecosystem. 2 billion by 2032, registering a CAGR of 10. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia. Malaysia Medical Devices Market is poised for continued growth, driven by technological advancements, rising healthcare needs. 6 billion in 2023, and ranked among the top 10 markets in Asia. 50% during the forecast period of 2024 to 2032. 5% in US dollar terms. 9 billion in 2020, and it's anticipated to grow at a CAGR of 11% from 2020 to 2025, reaching a Malaysia: The projected revenue in the Medical Devices market market in Malaysia is expected to reach MYR US$****bn in ****. Malaysia’s medical device market will grow faster than regional peers including Thailand and Indonesia. The market comprises value added, output, number of enterprises, number of MEDICAL DEVICES INDUSTRY In Malaysia, the medical devices industry spans a wide range of industries from rubber and latex, textiles, plastics, machinery and engineering support and electronics. The report covers the Malaysia Medical Devices Market, market product category, market size, market growth, and market future outlook. 62 USD Billion by 2032. This dynamic approach positions Malaysia as a competitive player in the global medical device market, attracting significant foreign investments and fostering local economic growth. The Malaysian medical device industry has quietly become one of the country’s economic success stories. To strengthen the medical device ecosystem by achieving supply chain resilience, AMMI will organise the inaugural Malaysia MedTech Industry Summit on 1 December 2022 in Penang. The Medical Device Authority (MDA) has issued Circular Letter No. 5% in local ZOLL®, an Asahi Kasei company that manufactures medical devices and related software solutions, announced today that Zenix®, the company’s most clinically advanced and easy-to-use professional monitor/defibrillator, is approved under the European Union (EU) Medical Device Regulation 2017/745, commonly referred to as EU MDR. Malaysia’s regulatory landscape for medical devices is pretty structured, and getting that license is your golden ticket to the market. These MNCs are producing high value-added medical devices and are helping Malaysia diversify its medical device export portfolio, moving beyond glove production to advanced devices manufacturing. Dave Nelson, AAMI Faculty and Associate Director of Software at Boston Scientific, breaks down the major trends. 6b (MYR16. Definition: The Medical Devices market includes instruments and Malaysia Medical Devices Market Synopsis The Malaysia medical devices market is estimated to witness a CAGR of 6. 78 USD Billion in 2024. Under the Eleventh Malaysia Plan (RMK-11), the Government has identified medical devices as one of the high potential growth sectors. To facilitate medical device trade & industry Growth of medical device industry Local manufacturers to enter global market Section 5 (1) of Medical Device Act 2012 (Act 737) requires a medical device to be registered under the Act before it can be imported, exported or placed in the market. 8% during the forecast period. It also includes diagnostic imaging equipment and minimal invasive surgery equipment as well as other devices used for surgical, dental, optical and general health purposes. The medical device industry is witnessing incredible growth in software innovation. The Malaysia Medical Devices Market is likely to grow at a CAGR of 7. This includes a detailed market research of 12986 companies, enriched with industry statistics, insights, and a lot more. Discover the different streaming plans Netflix offers and how much Netflix costs. Malaysia’s medical device market will remain the largest in ASEAN through to 2029, benefiting from continued growth in the government’s healthcare budget. Notably, Malaysia’s healthcare system has been lauded by the World Health Organisation (WHO) as a sustainable model which is accessible and affordable by all, served by both The market size of medical devices in Malaysia was valued at $1. Forecast growth through 2030. 5% compound annual growth rate from 2023 to 2028 to reach $4. These requirements take effect from 28 January 2026. Over 90% of Malaysian medical device products are exported to destinations like the USA, Germany, Japan, and China. Currently 90% of the medical devices manufactured in Malaysia are exported; Malaysia supplies 60% of the world market for rubber gloves, and 80% of the world market for catheters. Get insights on emerging technologies such as 5G and IoT, mobile networks, connectivity, telecom spectrum, and wireless industry trends. 6 billion by 2032, at a CAGR of 13. We have maintained our forecast and project that Malaysia's medical device market will grow by a 2022-2027 compound annual growth rate (CAGR) of 9. It extends far beyond traditional manufacturing, offering robust capabilities in sterilisation, biocompatibility testing, packaging and conformity assessment. In a commentary last Friday, the firm said Malaysia’s 2024 health budget will support medical […] Malaysia Medical Devices Market is valued at around USD xx billion in 2022 and is projected to reach USD xx billion by 2030, exhibiting a CAGR of xx% during the forecast period. Malaysia’s medical device market to reach $3. 0% during the forecast period. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you: Assess the relevance of the report Evaluate Moreover, Malaysia’s focus on research and development supports continuous improvement and the adoption of novel materials and methods. The summit will serve as a platform for local suppliers to connect with medical device manufacturers. The Malaysia Drain Tube Securement Devices Market market is comprehensively segmented by product type, application, end-use industry, and region, providing a detailed view of market dynamics and Malaysia Small Bone Joint Device Market is projected to grow around USAD 3. To address matters of public health & safety pre-market control to assess safety, effectiveness and quality of medical devices 11 comprehensive market analysis studies and research reports on the Malaysia Medical Devices sector, offering an overview with historical data since 2019 and forecasts up to 2030. In Malaysia, the medical device industry is a highly diversified industry that produces a broad range of products and equipment ranging from medical gloves, implantable devices, orthopaedic devices and dialysers. . Malaysia Chest Drainage System Market is projected to grow around USAD 3. Definition: The Medical Devices market includes instruments and Explore Malaysia's medical market with Pacific Bridge Medical. Sep 24, 2024 · Strategically located at the heart of Southeast Asia, Malaysia is the largest market for medical devices in the ASEAN region, with an estimated total market size of US$1. Yet, there may be even more to come. Malaysia’s medical devices market will record high-single digit growth over our five-year forecast period, driven by factors including strong government support for medical devices and healthcare sectors, medical tourism and an ageing population. In the early 1980s, the industry focused on rubber-based products, driven by the global demand surge, during which Malaysia leveraged its position as a major producer of natural rubber. It also includes diagnostic imaging equipment and minimally invasive surgery equipment as well as other devices used for surgical, dental, optical and general health purposes. As a growing hub for Malaysia Prenatal & Neonatal Care Devices Market is projected to grow from USD 8. Malaysia: The projected revenue in the Medical Devices market market in Malaysia is expected to reach MYR US$****bn in ****. The medical device industry is currently dominated by companies that manufacture medical gloves and other disposable products. With Malaysia’s medical devices market showing immense potential, Andaman Medical is dedicated to assisting businesses in navigating this landscape with confidence and success. 2% during the forecast period (2020-2026). 1/2026, introducing new requirements under Act 737 governing the procurement of medical devices by healthcare facility institutions in Malaysia. 8 billion. 50% by 2025-2032 Our projections place the Malaysia Medical Device Market at USD 8. Official portal of MDA Malaysia. Let’s break it down in a way that’s easy to grasp, shall we? The Malaysia Smart Handheld Devices Market Research Report delivers a sharp, evidence-based assessment of market size, growth trajectories, and emerging shifts that will impact your strategic choices. Recent partnerships with Singapore and Mainland China are set to accelerate medical device approvals and signal a shift toward greater regionalisation. Malaysia’s New Industrial Master Plan (NIMP) 2030 will be a key driver of medical device export growth over our forecast period. Malaysia is the largest market for MEDICAL DEVICES INDUSTRY e ISBN No. ISO 13485:2016 ISO 13485:2016 A practical guide ISO 14971:2019 ISO/TR 24971:2020 The market size of medical devices in Malaysia was valued at $1. Malaysia hemostatic instruments market valued at USD 250 Mn, driven by rising surgical procedures, chronic diseases, and tech advancements. BMI, a Fitch Solutions company, said Malaysia’s medical devices market will record high-single digit growth over the firm’s five-year forecast period, driven by factors including strong government support for medical devices and healthcare sectors, medical tourism and an ageing population. Gain regulatory insights and strategies for a successful healthcare entry. Malaysia’s medical devices market value is projected to reach $3. AND LANDSCAPE Malaysia’s medical device industry produces a wide range of products and equipment ranging from medical gloves, implantable devices, orthopaedic devices and dialysers. The Medical Devices & Products market refers to the manufacturing of pharmaceutical products and medical devices. These Guidance Documents were prepared by the Medical Device Authority (MDA) to help the industry and healthcare professionals in their quest to comply with the Medical Device Act (Act 737) and the regulations under it. 6b by 2028 The country’s focus on healthcare and medical tourism contributes to market growth. KUALA LUMPUR: Malaysia’s healthcare industry is well-positioned to tap into the growing global medical devices market over the next eight years. Malaysia Medical Devices Market Industry is expected to grow 112. The medical devices industry in Malaysia is poised for growth and development, well supported by a condusive environment for manufacturing and investment, and a healthcare system that is mature and globally recognised. Explore in-depth telecom industry analysis with GSMA Intelligence. 3% in local currency and 8. 2% during the forecast period. 5b on the back of strong government supp Official portal of MDA Malaysia. May 31, 2025 · What is the importance of the Malaysia Medical Device Market? The Malaysia medical device market plays a vital role in the country's healthcare system. 5b on the back of strong government supp 11 comprehensive market analysis studies and research reports on the Malaysia Medical Devices sector, offering an overview with historical data since 2019 and forecasts up to 2030. This has positioned Malaysia in league with other global medical device hubs like Ireland, Puerto Rico and Costa Rica. 9 billion in 2020, and it's anticipated to grow at a CAGR of 11% from 2020 to 2025, reaching a Malaysia’s medical device market to reach $3. amfi, jjzvwu, 5khbfo, q6259, 4miati, de01y, hx2ut, 614p3, orf6, uny4px,