The healthcare sector has seen robust growth over the past decade and this sector has one of the highest multipliers in the economy in Malaysia. Changing demographics, a more affluent society and more health-conscious lifestyles have led to the creation of a robust domestic industry. While the local industry has been dominated by the public healthcare sector, over the past decade, there has been tremendous growth of private healthcare services.
As such, the Government aims to further grow this sector by encouraging more private investments in areas such as manufacturing of pharmaceutical products, medical devices, clinical research, aged-care services and supporting collaborative efforts between public and private healthcare providers.
Collectively, 40 healthcare projects announced under Healthcare NKEA are projected to create 26,966 jobs and generate an income of RM6.59 billion, as well as RM4.96 billion in new investments by 2020.
Medical Devices Entry Point Projects (EPP 7-EPP 14)
The medical devices EPPs were formulated to drive the growth of Malaysia’s medical devices industry, which has reached a critical juncture due to its burgeoning size. These EPPs will leverage the country’s cost advantage, capabilities in the large electronics and electrical industry, strong intellectual property (IP) protection framework and accessibility throughout Asia to develop the medical devices industry further.
Seniors Living Entry Point Projects (EPP 15-EPP 17)
Malaysia’s population is increasing steadily with age, as are the populations of other nations across the world. By 2020, 10% of the country’s population will be above the age of 60 and by 2030, the percentage of the people aged above 60 will increase to 15%. This demographic reality will undoubtedly have profound economic and social implications, as well as new healthcare concerns, leading to opportunities and challenges that are addressed by Seniors Living EPPs.
The three EPPs under Seniors Living are Mobile Healthcare Services (EPP 15), Institutionalised Aged Care (EPP 16) and Retirement Villages (EPP 17).
- Health Expenditure Report 1997-2012
- Health Facts 2014
- National Health and Morbidity Survey 2011
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|No||EPPs||2020 GNI (millions)||Jobs||Location||Status|
|Mandating Health Insurance for Foreign Workers||171.3||N/A||Nationwide || |
|Creating a Supportive Ecosystem to Grow Clinical Research||578.4||905||Nationwide || |
|Malaysian Pharmaceuticals||13,853.7||12,440||Nationwide || |
|Reinvigorating Healthcare Travel||4,294.4||5,295||Nationwide || |
|Creating a Diagnostic Services Nexus||355.9||281||Nationwide || |
|Developing a Health Metropolis - A World-Class Campus for Healthcare and Bioscience||986.2||10,400||Selangor || |
|Upscale Malaysia’s IVD Industry - Mediven & Olipro||30.9||60||Nationwide || |
|Build Malaysian Showcase on Next Generation of Core Single Use Device (SUD) Products||50.8||145||Nationwide || |
|Become the Hub for High-Value Medical Devices Contract Manufacturing||1,850||25,700||Nationwide || |
|Malaysian Clinical Device Champions - Sima Medical||1,400||11,600||Nationwide || |
|Medical Equipment Supply Chain Orchestration - UWC Group of Companies||1,020||8,800||Penang || |
|High-Value Medical Devices Manufacturing||190||800||Nationwide || |
|Build Medical Hardware and Furniture Cluster - LKL||380||2,900||Nationwide || |
|Renal Products - Fresenius, Lucenxia, Proligen||343||728|| || |
|Mobile Healthcare Services ||211.9||1,800|| || |
|Institutional Aged Care||83||1,139|| || |
|Retirement Villages||1,194||6,193|| || |