Capabilities and Competencies of Malaysia Medical Device programme
Malaysia’s life sciences cluster has experienced robust growth over the past decade. Being a major economic contributor for Malaysia, the healthcare sector has been categorised as one of the 12 National Key Economic Areas (NKEAs) under the Malaysian Government’s Economic Transformation Programme (ETP). The programme targets to generate RM17.1 billion in revenue, RM11.4 billion in GNI and generate 86,000 jobs by 2020. ETP has identified 8 Entry Point Projects (EPPs) for the medical devices sub-sector.
The healthcare sector EPPs that are relevant to the medical device industry are the following:
EPP 9: Become the hub for high-value medical devices contract manufacturing
EPP 10: Malaysian clinical device champions
EPP 11: Medical equipment supply chain orchestration
EPP 12: High-value medical devices manufacturing
EPP 13: Build medical hardware
This programme is aim at enhancing the capabilities and developing the medical device manufacturers to be global companies, exporting and competing with the world class companies such as Johnson & Johnson, Medtronic Inc, General Electrical Co. etc. This programme focuses on the capacity building of these medical device manufacturers at the strategic level to enhance or improve their marketing plan, branding, production, innovation, product certification, quality assurance and leadership capabilities in areas of business strategies. This is in-order for manufacturers to become and remain competitive in the increasingly challenging business environment of the medical device sector.
BDEC Malaysia’s role is to:
- Prepare the manufacturers for internalization of their business in order to grow their market and revenue by being competitive both domestically and globally.
- Assist manufacturers in designing and producing medical devices products of high quality.
- Assist manufactures to gain the necessary certifications needed for both domestic and global market to be on par with the top international manufacturers.
- Assist manufacturers to increase the efficiency of their production.
- Marketing (IMBP), branding, e-marketing etc.
- The adoption of continuous innovation in both product and process to become and remain competitive in the market both domestically and globally.
- Create a culture of life-long learning for themselves and continuous development of their leadership through training in order to have a pool of skilled workforce. This skilled workforce will in return contribute to the productivity of their business.
- Create home-grown champions, who are local manufacturers with capability and capacity to compete at the international level.
- Bring the companies quality control performance to the highest level and to develop a quality culture in their organisation.