Page 6 - Malaysia Exporters of Pharmaceuticals & Health Supplements Directory

v Malaysia Exporters of Pharmaceuticals & Health Supplements Directory
The healthcare sector is changing. If,
a few decades ago, the concept of
health was summed up by the absence
of illness, today quality of life and life
expectancy have become the new
benchmarks. The idea that healthcare is
no longer restricted to the production
of medicines or vaccines appears to be
gaining ground in Malaysia, where the
pharmaceutical and health supplements
industry has become a promising frontier,
sustaining 8-10% annual growth rates.
Against this vibrant backdrop, the
Malaysian pharmaceutical and health
supplement industry has emerged as
a global force, yielding encouraging
returns on investments for its
manufacturers and stakeholders.
A key growth driver is Malaysia’s bounty
of diversified flora and fauna. Being
one of the world’s 12 most bio-diverse
countries, Malaysia offers high potential
for sourcing active compounds for niche
products like herbal drugs, nutraceuticals
and health supplements. The potential
applications of this segment are
numerous. In fact, the traditional
and complementary medicine (TCM)
PHARMACEUTICALS & HEALTH SUPPLEMENTS INDUSTRY
IN MALAYSIA
Being one of the world’s 12 most bio-diverse
countries, Malaysia offers high potential for
sourcing active compounds for niche products
like herbal drugs, nutraceuticals and health
supplements.
INDUSTRY OVERVIEW
subsector, which makes use of traditional
plants and herbs, has been hailed as a
potential best-seller/winner.
The level of research and redevelopment
is expected to soar in the next few years,
when the industry will benefit from a
string of government- and industry-
driven measures that foster innovative
collaborationswithacademic institutions,
research centres and established
multinational players. A combination
of top-notch infrastructure, easy access
to academic sites, and the strong
presence of supporting manufacturing
and ICT industries has already attracted
anchor MNCs to collaborate with local
companies in the quest to develop
breakthrough healthcare solutions.
In any product that concerns health,
safety is a major concern as well as
efficacy. Malaysia has a well structured
and comprehensive regulatory and
surveillance framework, which is as
stringent as developed countries.
All manufacturers, importers and
wholesalers are required to be licensed
by the Drug Control Authority (DCA),
the principal regulatory authority of the