Malaysian Companies Report Successful Outcome at Arab Health 2014
WEDNESDAY, FEBRUARY 12, 2014, KUALA LUMPUR: Malaysian companies participating at the Arab Health 2014 healthcare exhibition reported sales of RM215.3 million. Arab Health 2014, the Middle East’s largest healthcare show, was held at the Dubai International Exhibition Centre in Dubai, United Arab Emirates (UAE) from 27 to 30 January 2014.
A total of 32 Malaysian companies took part in the exhibition, with 15 companies participating under Malaysia External Trade Development Corporation’s (MATRADE) pavilion. Amongst the healthcare products of interests were hospital beds & medical furniture, medical gas pendants, sutures, in vitro medical devices, endotracheal tube, mobile medicine, stem cell treatment, male circumcision clamp, aerosol mask with tubing, hand sanitizer, food and health supplements, and latex examination glove. Interests to source from Malaysia were received from India, Pakistan, Egypt, Oman, Saudi Arabia, Iran, China, UAE, Germany and Turkey.
According to Mr. Mohd Mustafa Abdul Aziz, MATRADE’s Senior Trade Commissioner in Dubai, “The West Asia region is experiencing tremendous growth in the healthcare sector. The growth is attributed to a number of factors including fast growing population, liberal trade policies, adaptation of international standards in healthcare, as well as the fact that the government now recognizes the need to provide high quality healthcare to its population through privatization of health servicesâ€.
Mohd Mustafa further added “The market for healthcare products and services in the region is comparable to that of any developed part of the world. According to an industry estimate, the healthcare market in the region is around US$82 billion. The region still seems very buoyant and the healthcare sector has not yet shown any sign of being affected by the global economic slowdown. By 2025 the Middle East is expected to spend over US$123 billion on new healthcare facilitiesâ€.
Arab Health 2014 brought together over 3,900 exhibitors from more than 64 countries including 38 national pavilions. More than 85,000 trade visitors attended the exhibition and conference during the four-day show.
MATRADE and the healthcare industry will continue to work together to ensure continued presence at the world’s leading events for medical devices and pharmaceuticals industry. The forthcoming events by MATRADE to promote the healthcare products will see Malaysian companies’ participation in International Medical Fair in Singapore from 9-11 September 2014, CPhI Worldwide 2014, Paris from 7-9 October 2014 and MEDICA Dusseldorf, Germany from 12-15 November 2014. Interested Malaysian companies may contact MATRADE to participate in any of these events.
