Malaysia reported medical-related products exports of RM 1 billion (US$0.26 billion) in the first six months of 2002. Much of these exports include rubber surgical gloves, dental and surgical instruments, electro-medical and x-ray equipment, needles, catheters and syringes. The Malaysian government wishes... Read More
A recent report by the accounting firm, Ernst & Young, finds an increase in the amount of investment by governments in the Asia-Pacific region in biotechnology. Besides investment incentives and tax breaks, governments have begun to nurture the fledgling industry with increased... Read More
The Drug Control Authority (DCA) is the regulatory agency charged with regulating pharmaceutical products in Malaysia. Established under the Control of Drugs and Cosmetic Regulation 1984 (CDCR), the DCA’s main task is to ensure the quality, safety, and efficacy of pharmaceutical and... Read More
Malaysia’s Drug Control Authority (DCA), which was established under the Control of Drugs and Cosmetics Regulations 1984, is a government authority that ensures the safety, effectiveness and quality of cosmetic products marketed in Malaysia. The DCA is responsible for the registration and... Read More
The pharmaceutical industry in Malaysia is currently valued at more than US$300 million and is growing at an average annual rate of ten percent. By 2005, it is expected to account for 45.9 percent of the entire healthcare industry, or US$539.47 million... Read More
The US Trade Development Agency (TDA) estimates that developing countries in Asia will spend over $6 billion on healthcare technology over the next five years. There are at least 25 large-scale healthcare technology projects either underway or on the drawing board in... Read More
Despite sluggish economies in some countries, Asia still represents future growth opportunities in healthcare products. Over the next 20 years, Asian healthcare markets are expected to grow at a rate two and a half times that of the West. A rising standard... Read More
Though the government has indicated in the past that it plans to establish a medical device certification system, at present there are no requirements for registration of medical devices in Malaysia. Malaysia does require that FDA, CE mark, or other international approval... Read More
Recovering economies throughout Asia offer promising markets for foreign medical device firms as well as opportunities for local product development and manufacturing. Before the Asian financial crisis, regional medical device markets grew at double-digit rates. Patients wanted the technologically innovative, cost-effective devices... Read More
Thanks to significant government reform efforts since 1998, the Malaysian economy has been able to rebound from the Asian currency crisis of 1997. The costs of healthcare in Malaysia are on the rise and the government is looking to cut healthcare expenditure,... Read More