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Medical Technology – Medical Devices

Medical Devices

The scientific and measuring equipment industry in Malaysia plays a vital role in healthcare and research by producing laboratory diagnostics platforms and measuring instruments. Technological advancements improve research efficiency, shortening turnaround times and enhancing result accuracy. The industry’s growth is driven by the medical devices sub-sector, boasting over 290 businesses, and hosting top global medical devices corporations. Malaysia stands out as a significant investment destination, particularly for advanced medical devices like implants and smart health monitoring tools.

With a global medical devices market valued at $489 billion in 2021, Malaysia’s domestic medical devices market was projected to reach $2 billion in 2022, driven by a CAGR of 7.5%. The country primarily imports 95 % of its medical devices. The total healthcare expenditure in Malaysia was forecasted to exceed RM69.2 billion in 2021, growing at a CAGR of 7.6% until 2025, demonstrating the nation’s commitment to healthcare reforms and R&D funding. The scientific and measuring equipment industry, valued at $39.4 billion in 2021, is expected to grow at a CAGR of 5.5% from 2022 to 2027, driven by demand for accurate diagnostics and pandemic risk mitigation solutions.

Malaysia’s medical technology landscape is marked by increased R&D spending and innovative solutions. The country’s objective is to become a premier ASEAN medical devices hub, leveraging technologies like additive manufacturing, automation, and IoT. The industry’s exports of manufactured equipment, including medical devices, reached RM63.4 billion, showcasing its robust growth.

In line with global trends, Malaysia’s industry also focuses on ESG practices, with companies adopting sustainable manufacturing and operational practices. As an example, Cochlear Malaysia contributes to a greener future by expanding its manufacturing site powered by 100% renewable energy.

For more information on medical devices industry, please click here.

4.3%

Domestic Investments

(RM0.2 bil)

RM4.7 bil

Total Approved Investments
in 2022

80%

95.7%

Foreign Investments

(RM4.5 bil)

RM4.7 bil

Total Approved Investments
in 2022

4.3%

Domestic Investments

(RM0.2 bil)

95.7%

Foreign Investments

(RM4.5 bil)

25

Approved Projects

3,389

Job Opportunities

For more statistics, please click here.

Medical Devices Growth Potential

Electro medical
equipment

Cardiovascular
devices

Orthopaedic
devices

In-vitro diagnostic
products

Wound care
management products

Products from convergence of technology (medical devices/ pharmaceutical/ electronics/ ICT/ IoT/ 3D printing)

Our Investors' Technology

We have significantly grown our workforce with the right skills to support our business globally. The legal and regulatory environment is pro-business, tax rules are attractive and English-language skills are abundant. For our Manufacturing/Global Repair Centre, we’ve been able to hire local managers, engineers and electronics technicians, who manufacture/repair the sound processors for customers around the world and deliver to Cochlear’s global standard of quality

- Greg Bodkin, SVP Supply Chain & Operational Excellence,
Cochlear (2020)

Get Started

MIDA provides comprehensive support to your business as you consider the competitive and comparative advantages Malaysia has to offer for your investment. Explore our dedicated resources, wide range of facilities or consultation services to assist you in expanding your operations here.
Malaysia’s Medical Devices Industry: Immense Growth Potential
Learn more about the essential forms and guidelines to help you get started on your journey in Malaysia’s manufacturing sector.
Company can submit application and track the application status online via MIDA InvestMalaysia portal at investmalaysia.mida.gov.my
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