{"id":38533,"date":"2025-08-11T14:03:32","date_gmt":"2025-08-11T06:03:32","guid":{"rendered":"https:\/\/investpenang.gov.my\/penangs-medtech-industry-a-hidden-gem-with-strong-growth-potential\/"},"modified":"2025-11-28T10:50:04","modified_gmt":"2025-11-28T02:50:04","slug":"penangs-medtech-industry-a-hidden-gem-with-strong-growth-potential","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/penangs-medtech-industry-a-hidden-gem-with-strong-growth-potential\/","title":{"rendered":"Penang\u2019s Medtech Industry A \u2018Hidden Gem\u2019 with Strong Growth Potential"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text css=””]<\/p>\n

Penang’s Medtech Industry A ‘Hidden Gem’ with Strong Growth Potential<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

11 August 2025<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”36602″ img_size=”full” css=”” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text css=””]By Farhana Poniman<\/p>\n

GEORGE TOWN, Aug 10 (Bernama) — Penang\u2019s medical technology (medtech) industry is rapidly emerging as one of the state\u2019s most promising sectors, driven by strong global demand, robust local capabilities, and a well-established ecosystem.<\/p>\n

InvestPenang chief executive officer Datuk Loo Lee Lian said the state\u2019s expertise in precision engineering and automation, developed through its thriving semiconductor industry, has been instrumental in the growth of the medtech sector in the state.<\/p>\n

\u201cIn the semiconductor industry, precision and automation are essential, and these competencies translate directly into the production of surgical instruments, implants, and high-accuracy medical devices.<\/p>\n

“In fact, medtech often requires even greater precision than the semiconductor industry,” she told Bernama.<\/p>\n

The medtech sector also benefits from its synergies with the electrical and electronics manufacturing (ecosystem), as medical devices such as pacemakers, glucose monitoring systems, and diagnostic equipment rely on sophisticated electronic and mechanical components.<\/p>\n

Loo described the medtech sector as a \u201chidden gem\u201d because unlike the cyclical semiconductor sector, it offers steady growth and higher profit margins, enabling companies to invest more in training talents.<\/p>\n

“This stability also attracts talent, as jobs in the sector are less vulnerable to sudden hiring freezes or retrenchments,” she said.<\/p>\n

Globally, she noted, leading medtech clusters include the United States (US), Ireland, Puerto Rico, and Costa Rica, countries where government support has spurred industry growth over the past decade.<\/p>\n

In recent years, many companies have expanded into Asia due to rising cost pressures, shift in policies, and the region\u2019s growing, wealthier, and ageing population.<\/p>\n

She said companies find it attractive to set up operations in Penang when expanding into Asia, thanks to its mature industrial base, skilled workforce, and a well-developed supplier network.<\/p>\n

Moreover, local participation in the sector is also rising, with homegrown firms such as Straits Orthopaedics (Mfg) Sdn Bhd and UWC Healthcare, now serving the global market.<\/p>\n

Loo said InvestPenang has facilitated its growth by organising exhibitions and engagement sessions with the Health Ministry and industry partners to showcase products and encourage the companies’ inclusion in government procurement.<\/p>\n

However, she noted that medtech companies in Penang face three key challenges: the US Trade Agreements Act which restricts the value of Malaysian-supplied products in US government contracts; geopolitical tensions and tariffs; and ongoing supply chain disruptions.<\/p>\n

Despite these hurdles, Loo is optimistic about prospects over the next five years and InvestPenang is constantly in talks with several medtech companies on potential investments.<\/p>\n

“With Asia\u2019s ageing and increasingly affluent population, demand for advanced medical devices is set to rise. We expect to see more global names here, particularly in higher-end products, and we aim to strengthen the role of local companies in this space,\u201d she added.<\/p>\n

— BERNAMA<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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11<\/h2>\n
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Mon<\/p>\n

August \u201825<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":5283,"featured_media":36602,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[325],"news_month":[226],"local_insights_alphabet":[233],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38533"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/5283"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=38533"}],"version-history":[{"count":3,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38533\/revisions"}],"predecessor-version":[{"id":38554,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38533\/revisions\/38554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/36602"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=38533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=38533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=38533"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=38533"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=38533"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=38533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}