PENANG, Nov 14 (Bernama) — The Malaysian Investment Development Authority (MIDA) and the Association of Malaysian Medical Industries (AMMI) today released the AMMI Medical Device Industry Status and Outlook 2021/2022 Report for the first time in Penang. This year’s Report highlights Malaysia’s medical device industry’s remarkable resilience in the face of COVID-19 pandemic challenges.
According to AMMI’s analysis, 10 (ten) out of the top thirty (30) global medical technology companies have established manufacturing footprints here. Along with Puerto Rico, Ireland and Costa Rica, Malaysia is now regarded as one of the world’s top offshore manufacturing hubs for medical devices. Today, close to 300 medical device manufacturing companies make up Malaysia’s vibrant medical device industry, undertaking a variety of activities ranging from regional headquarters and manufacturing to research and development (R&D).