Manufacturer set to reap dividends from new product categories

UWC Holdings senior sales manager Eric Lim with some the immobilisers that the company makes. The devices are used to help patients with limb injuries.

WITH the Malaysian medical device market projected to hit USD2.8bil (RM9.9bil) by 2018, UWC Holdings Sdn Bhd, a specialist manufacturer of precision components and electro-mechanical parts, is investing RM100mil for a new plant in Seberang Prai to focus on manufacturing medical devices.

According to Espicom, a UK-based research company, the local medical device market is expected to grow at a 16.1% compounded annual growth rate from USD1.35bil to USD2.8bil in 2018, driven by consumables and dental products.