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TRUST is a big word in the medical devices industry – it has the power to make or break a manufacturer’s business anywhere.
World-renowned cardiovascular medical devices manufacturer St Jude Medical Inc from the US is planning to invest in Penang.
SUNWAY Medical Centre Bhd, a unit of the Sunway group, is optimistic of breaking even later this year after operating for just over three years and incurring an investment of RM100mil.
PETALING JAYA: The increasing price of medical suites is said to be the leading push factor in the uptrend of medical costs in select hospitals.
PACIFIC Insurance Bhd plans to take advantage of the expertise it has built up over the years in the medical insurance sector, and the strong demand of such products lately, to be a leading player in the country, said chief executive officer Ng Hon Soon in an interview.
GE Medical Systems International, the health division of General Electric Company, expects new medical technologies and an ageing population to fuel annual growth of 20% to 30% of the local healthcare sector, estimated to be valued between US$70mil and US$80mil next year.