Malaysia pushes MedTech growth as ageing population fuels demand

During a visit to a medical-technology summit, Deputy Investment, Trade and Industry Minister Sim Tze Tzin said Malaysia has built a strong ecosystem of more than 300 MedTech companies and ranks among the world’s leading device manufacturing hubs. He reported that exports reached RM34.5 billion in 2025 and the sector aims for RM50 billion by 2030, a target that could be met through greater localisation and deeper involvement of Malaysian firms across the value chain.

Sim urged multinational corporations to not only use local labour and facilities but also to help raise the expertise and technology of domestic companies. He suggested local firms begin by supplying parts or services to multinationals and later develop their own innovations. The minister also emphasized that demand for medical devices is driven by long-term health needs, making the industry resilient to economic cycles.