Medical device biz to grow strongly next year

  • Business
  • Saturday, 12 Jun 2010

GEORGE TOWN: The Association of Malaysian Medical Industries (AMMI) expects the medical device business of its 24 members to grow significantly in 2011 as a result of expansion exercises implemented this year.

Among its members that are carrying out expansion exercises this year are B. Braun, Symmetry Medical Malaysia, Ambu Inc, and Meditop Corp.

AMMI chairman Lim Bee Leong said next year the drivers of growth would come from demand for invasive medical devices with improved safety features.

“Another driver of growth would come from medical devices production facilities relocated to Asia-Pacific from Europe,” Lim said.

He spoke after signing an agreement with Penang Skills Development Centre (PSDC) to conduct the competency development programme in medical technology.

Lim added that he also expected the collective revenue of AMMI members for 2010 to register a strong single-digit growth over last year’s figure of over RM4bil.

On the agreement, he said the programme was developed to train the existing workforce in the medical industry on compliance, regulations, and risk management of the medical device manufacturing industry.

“The programme, which will start in July, will train 120 employees from medical device facilities in Malaysia who hold supervisory and other executive positions.

“This will be the first batch for the programme, which will run for 18 days over a two-month period,” he said.

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