Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector
Figure 2-4: Market Size of Malaysian Orthopaedics and Prosthetics
600
500
479
400
300
200
291
191
100
-
2010
2015
YEAR
2020
Source: BMI, Ipsos analysis
The key players within the orthopaedics and prosthetics space include Sima Medical and OSA
Technology which are Malaysian firms, while international firms includes Symmetry Medical,
Straits Orthopaedics and Orthomedic.
2.1.4 Patient Aids
Patient aids refer to tools that patients use to stabilise their heart rhythms like pacemakers,
improve their hearing capabilities, guiding those with limited visions and other critical aids like
medical ventilation systems and artificial respiratory.
The patient aids market in Malaysia has seen a very dynamic growth over the last few years and
is expected to continue its positive growth between 2015 to 2020. It recorded a CAGR of 9.9%
between 2010 to 2015, which was fuelled by the increasing level of awareness on the availability
of portable aids and the increasing level of affordability of patient aids. With more Malaysians
having medical insurances, they are now able to seek treatment and treat conditions which were
previously considered very expensive, especially those related to pacemakers.
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