Medical Devices Manufacturing: Penang Pursues The New Frontier (Part 2)

loading

In our May 2011 issue, PEM talked to Billy Ooi, group chief executive officer of local company Prodelcon Sdn Bhd, a wholly owned subsidiary of AIC Corporation, about his foray into the promising but untapped sector of medical devices manufacturing in Malaysia.This second instalment draws parallels between the E&E industry and the medical devices industry, and discusses how Penang learns from the former to become a high-value medical devices manufacturing hub.

The healthcare industry
The healthcare industry is a robust and stable industry, comprising several sectors which are dedicated to providing healthcare services and products. Apart from primary activities which focus on human wellbeing, it also includes the high-technology aspect of medical equipment, instrumentation, biotechnology studies and applications, diagnostic laboratories and pharmaceutical industries which include substance and drug manufacturing and delivery. A helicopter perspective of the larger healthcare economy demonstrates the three main subsectors to be pharmaceuticals and biotech; medical devices and medical technology; and private sector healthcare travel. It is resilient to economic cycles and this high margin industry has been dominated by the highly developed countries.


To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.



Related Articles

PEOPLE ECONOMICS
May 2012

Skilling Future Workers

Industrial Penang and its talent requirement scenario.

PEOPLE ECONOMICS
Mar 2012

Faces of Industrial Penang: Hamdan – Doer and Dreamer

We chat with Hamdan Abdul Majeed, director of Khazanah Nasional Berhad for Research and Investment Strategy