Medical device consumption in Asia is set for big growth. New packaging technologies and clean room packaging facilities will be needed.
Companies seeking to participate in the expected growth in medical device use in Malaysia "must be ready to invest in new packaging technologies and specially designed clean room packaging facilities." That's according to a Dec. 7 article posted on the Malaysian Star's the star online.
The source sites the Assn. of Malaysian Medical Industries predicting the consumption of medical devices in the country to grow to US$1.7 billion by 2012, up from US$826 million from this year. Asia-wide, the forecast blooms to US$50.5 billion by 2012. Eighty percent of products manufactured by AMMI members are exported to the U.S., Japan, and Europe.
Government financial allocations to healthcare services, and private expenditures fueled by an improving economic climate, will play a role in medical device growth.
The U.S. Food and Drug Administration's Web site offers medical device regulation and guidance.
