KUALA LUMPUR: Malaysia should aim to surpass RM50bil in medical device exports by 2030, up from RM34.54bil recorded last year.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pic)said the export target was one of three ambitions proposed to measure the country’s progress in developing its medical technology (MedTech) industry by 2030.
“We have the manufacturing base, market access and global confidence.
“But the next phase of export growth must increasingly come from higher-value products,” he said at the closing ceremony of the International Medical Device Exhibition and Conference (IMDEC) 2026 here yesterday.
The second ambition is to develop at least 10 Malaysian MedTech champions capable of competing regionally and globally.
Ahmad Zahid said Malaysia would continue welcoming leading international MedTech companies while developing local firms that create the technology, own intellectual property and compete internationally.
The third ambition is for at least 50% of jobs created by new MedTech investments by 2030 to be managerial, technical and supervisory (MTS) positions.
“Capital may enter Malaysia, but capability must remain in Malaysia. If we are serious about calling this a high-value industry, then the jobs it creates must increasingly be high-value jobs as well,” he said.
