Page 4 - AMMI Annual Report 2016

HIGHLIGHTS OF 2016
The Board is pleased to report that our Associa on is
in good financial posi on.

In 2016, six (6) new companies joined AMMI, bringing
Dear AMMI Members, the total number of members to sixty-two (62). They
are Boston Scien fic Medical Device (Malaysia) Sdn.
On behalf of the Board of Directors, I am pleased to Bhd., Cochlear Malaysia Sdn. Bhd., Engineered
present to our members, the Associa on of Malaysian Medical Systems Malaysia Sdn. Bhd., Orthomedic
Medical Industries (AMMI) Annual Report for the year Innova ons Sdn. Bhd., Owen Mumford Sdn. Bhd. and
ending 31 December 2016. Plas k STC Sdn. Bhd. We hope to see more medical
device companies joining so that AMMI can truly be
The medical device industry con nues to be an area of the voice of the medical device manufacturing
growth in Malaysia. AMMI members’ cumula ve industry in Malaysia.
investments amounted to RM5.09 billion in 2015, as
compared to RM4.27 billion in 2014. The increase AMMI con nues to foster a good working rela onship
reflects investors’ confidence in the Medical Device with various government ministries and agencies. In
Industry in Malaysia. According to AMMI’s survey, July this year, AMMI had an exclusive dialogue session
members’ collec ve exports in 2015 increased by 20% with the Malaysian Investment Development
to reach RM8.3 billion, accoun ng for more than 50% Authority (MIDA) and jointly launched the AMMI
of Malaysia’s total exports of medical devices of Medical Device Industry Outlook Report 2016. The
RM15.5 billion in 2015. The survey also recorded an report is recognised as a good reference highligh ng
outstanding average value-added ra o of 60% in the status of the industry in Malaysia. It also provides
manufacturing medical devices in Malaysia. A high insights on the outlook and future prospects of the
percentage of about RM1.97 billion or 55% worth of industry in general.
raw materials and services were locally sourced from
within Malaysia. AMMI members spent a total of AMMI has been appointed the chair of MIDA’s
RM45.0 million in research & development (R&D) Medical Device Sub-Industry Working Group under its
ac vi es in 2015, propelling a gradual shi towards Industry Skills Commi ee and is also a member of
higher-value added and innova ve medical devices. MIDA’s Medical Device Investment Advisory Panel
(MDIAP). The objec ve of the forma on of MDIAP is
All this is good news for the medical device industry to strengthen the medical device manufacturing
and its stakeholders as this reinforces the country’s industry in Malaysia and to be er facilitate
standing as an ideal hub for medical device companies including SMEs to becoming strong players
manufacturing. interna onally.

2 AMMI Annual Report 2016