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INDUSTRY
OUTLOOK
PHARMACEUTICAL & MEDICAL DEVICE
• Sub-sector Growth
• Logistics: Logistics in Malaysia are moving forward for track and trace, this will create effective
delivery and possibly cut-cost for the service
• Drugs: generic pharmaceutical industry in Malaysia is seen as one of the potential manufacturing
sectors that contributes not only to the well-being of the population but also in terms of economic
output to the nation
• Halal: Muslim spend on pharmaceuticals was US$92 billion in 2018 and is projected to grow to $134
billion by 2024. (GIES report 2019/2020)
SUB-SECTOR FORECAST
Skill M M M M
Technology M M M M
Adoption
• Lack of staff to attend the training (size of the company too small)
• High competition from international manufacturers
• Lack of creative innovator for medical device and pharmaceutical
• Malaysian not able to produce diversified raw material like China
• Manufacturers in Malaysia are producing same product, lack of diversity and innovation
• Not enough fund to attend trainings or to invest for new invention
• Price quote by the bumi vendors sometimes expensive than non-bumi vendors
OUTCOME (A)