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MANUFACTURING companies involved in automation equipment, precision engineering and medical products packaging in Penang are turning to the medical devices industry for business opportunities during this period of global recession.
GEORGE TOWN: The export revenue of the medical device industry is expected to increase by double-digit percentage in 2016, in tandem with the projected growth of the Asean medical device market, which is expected to double to RM8bil by 2017 from RM4bil this year.
JOSEPH Lee heaved a sigh of relief in between grimaces. His insurance company will cover all the medical expenses he will rack up due to a spinal slipped disc. Lee is one of the more fortunate Malaysians who have medical insurance to lean on amid escalating medical and healthcare costs.
Malaysia is gaining prominence as a destination for medical tourism despite its business activities being impacted by the global economic downturn.