Malaysia Medical Devices Company

Top medical device companies | Health and Wellness

(Last updated: March 7, 2013)

Trends and Opportunities

The market

Healthcare in Malaysia is Delivered by various public, private and Non-Governmental Organization (NGO) providers through conventional, traditional and complementary medicine. The government is the main healthcare provider in the country and is Heavily Subsidised healthcare. Private healthcare costs are fully bound by patients and / or their Insurers.

Malaysia's increasingly affluent society DEMANDS international standards of medical care and services. Healthcare expenditure in Malaysia was Estimated at A $ 12.8 billion in 2011, equal to around A $ 447 per capita and about 4.3 per percent of GDP (Source:. Episcom , The Pharmaceutical Market: Malaysia | Business Monitor International , Malaysia Pharmaceuticals & Healthcare Report, January 17, 2013)

The healthcare industry is managed by the Ministry of Health (MOH). The MOH Operates the country's network of government Hospitals and public clinics, and trains medical staff. Private healthcare is one of the 12 National Key Economic Areas That Were APPROBATION by the government in icts 10th Malaysia Plan (a medium-term Spending Plan from 2011 to 2015). The Government HAS Allocated RM19.3 billion for healthcare management and development services in 2013. There are several strategic goals to be Achieved All which include transforming the delivery of healthcare system, Increasing quality, capacity, and coverage of healthcare infrastructure and Increasing the quality of human resources for health.

The primary challenges faced by the healthcare industry include: an overburdened public system, an aging population, Increasing financial burden to the state treasury (due to heavy subsidization), and Increasing incidences of lifestyle-related and chronic diseases. Heart disease, cancer, hypertension and circulatory problems account for MOST deaths and cases of hospitalization in Malaysia. Osteoporosis aussi a growing problem in Malaysia.

Malaysia's medical devices and supplies are imported Mainly, Especially for high-tech medical devices. Espicom Business Intelligence Estimates current growth in the market has to be strong at 9.1 per hundred per year, reaching U.S. $ 1.9 billion, or U.S. $ 61 per capita by 2016.


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2008-10-15 17:42:47 by ozzie

Patents

Avoid patent brokers like the plague. Most just send out batches of ideas indiscriminately to companies who just drop the batches into wastebaskets. Month ago, the Costco Connection magazine has a letter to one of their advisors. He invested nearly ten grand, cannot even get return phone calls.
Less than 5% of ideas make it to production, and only 10% of those return a profit.
The prolific inventor Lamelson with 500 patents, spent half his life in court defending his patents and suing others for patent infringement.
NIH (Not Invented Here) is extremely strong


Afghan Whigs tour in 2018 year 2012-02-28 19:20:02 by ozzie

And

Avoid patent brokers like the plague. Most just send out batches of ideas indiscriminately to companies who just drop the batches into wastebaskets. Some months ago, the Costco Connection magazine has a letter to one of their advisors. He invested nearly ten grand, cannot even get return phone calls.
Less than 5% of ideas make it to production, and only 10% of those return a profit. Another reference that I recent saw said only 1 in3000 products become a commercial success.
The prolific inventor Lamelson with 500 patents, spent half his life in court defending his patents and suing others for patent infringement

2010-01-22 21:05:57 by ozzie

Good advice from BostonPLawer above

Avoid patent brokers like the plague. Most just send out batches of ideas indiscriminately to companies who just drop the batches into wastebaskets. Some months ago, the Costco Connection magazine has a letter to one of their advisors. He invested nearly ten grand, cannot even get return phone calls.
Less than 5% of ideas make it to production, and only 10% of those return a profit.
The prolific inventor Lamelson with 500 patents, spent half his life in court defending his patents and suing others for patent infringement.
NIH (Not Invented Here) is extremely strong

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