Association of Malaysian Medical Industries (AMMI) chairman Hitendra Joshi, who is based in Penang, said the standards under the Medical Device Regulations would help Malaysia be recognised as a reliable producer of medical devices in the global market. “It would help attract foreign direct investments with increased market confidence,” he said. AMMI secretary S. Balasubramaniam said the regulations would also enable more joint ventures with foreign companies.
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Medical gloves and catheters made up RM9.8bil of the total value last year while instruments for medical, surgical and dental practices, electro-mechanical devices, contraceptives, ophthalmic lenses, radiation devices and orthopaedic implants made up RM3.1bil.
Most of the companies producing theses products are located in the Northern Corridor Economic Region covering Penang, Kedah, Perak, Perlis, besides in the Klang Valley and Iskandar Malaysia in Johor. Malaysian-made medical devices were mainly exported to Asia Pacific countries, Japan, United States, Canada and Europe ( Source: the STAR dd 01-07-2013).
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