national key economic area - healthcare (12-5-2012)
TRANSCRIPT
National Key Economic Area
Healthcare Seminar on National Key Economic Areas:
Tourism; Education & Healthcare Chinese Chamber of Commerce & Industry of Kuala Lumpur and Selangor (KLSCCCI) 12 May 2012
3 Things I Want To Share With You Today…
1. Healthcare Industry 2. Healthcare NKEA 3. How can you participate?
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108
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131Oil, Gas & Energy
Palm Oil & Rubber
Financial Services
Wholesale & Retail
Tourism
Greater KL/KV 1 392
Agriculture
Education
Healthcare
CCI
E&E
Business Services
Incremental GNI (2020) RM billions
1 Other NKEA GNI impact that directly contributes to Greater KL/KV’s GNI
NKEA Healthcare Overview
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Expenditure growth is about 11 % on average per year over the past 12 years
Curative care has 57% share of the expenditure in 2009
Curative care, 57%
Medical goods 12%
Administration, 10%
Capital formation,
8%
Public health, 5%
Others, 8%
Total Health Expenditure by Functions of Healthcare
Malaysian Healthcare spending continues to grow at a fast rate…
Source: Malaysia National Health Accounts: Health Expenditure Report (2009 -Unpublished)
2009
33.7
2008
30.6
2007
26.4
2006
24.2
2005
20.1
2004
19.9
2003
18.4
2002
14.6
2001
13.2
2000
11.6
1999
9.7
1998
8.8
1997
8.0
Total Expenditure on Health (RM B)
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Most headlines in local news are hospital-related..
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But healthcare industry is more than hospitals…
Medical Education
Medical Technology
Traditional & Complimentary Medicine
Healthcare Financing
Pharmaceuticals
Medical Devices
Healthcare Facilities
Consultancy Services
Healthcare Industry
…4 out of 5 healthcare companies in the ‘FBM KLCI top 100 companies’ are medical devices (gloves) manufacturers…
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...and many more public-listed companies are from healthcare sector…
“Pharmaceuticals”
“Medical Devices”
“Trading Services”
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...there are other fast-growing healthcare-related companies too
Medical Laboratories Pharmacies
Ambulance Services
Home Care/Nursing Services
Physiotherapy Eye Care
Dental
*The list is not exhaustive 9
Traditional Role of MOH New Role of MOH
Organic growth
Accelerated growth
Ministry of Health takes on an additional role
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Foreign Workers Health Insurance
Clinical Research Malaysia
Malaysian Pharmaceuticals
6 Entry Point Projects
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Mandate private health insurance for all foreign workers
Create a complete ecosystem to grow 1,000 new clinical trials by 2020
Leverage patent expiry cliff by pursuing generic opportunities
Healthcare Travel Diagnostic Services Nexus
UM Health Metropolis
6 Entry Point Projects
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To position Malaysia as the preferred destination for world-class healthcare services.
Create a scale of domestic teleradiology service for in-sourcing internationally
Provide clinical care, research and education in one economically sustaining campus
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Medical Devices Seniors Living
2 Business Opportunities
Creating a conducive environment for MNC entry and developing the nascent local medical devices players
Meeting the need to build an ecosystem that provides holistic aged care for the middle to long term
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In July 2011, the Medical Devices Lab have
converted the Medical Devices BO into 7
implementable EPPs..
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Scale Malaysia IVD Industry
Leverage research & patented technologies to set up Asian champion in neglected prevalent in developing countries
Medical Devices EPPs (EPP 7 – 10)
Next Gen Core of SUD Products
Move the value chain towards high value products on core SUD products & build showcase for MD industry – focus on catheters, woundcare and single-use components for instruments
Hub for high value med dev contract manufacturing
Becoming contract manufacturer for high value orthopedic products, e.g. screws and instruments for global MNC brands
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Create Malaysian Clinical Device Champions
Creating an enabling environment for Malaysian entrepreneurs to innovate in clinical devices and create their own brands in bone grafts and other orthopedic implants
Medical Devices EPPs (EPP 11 – 13)
Medical equipment supply chain orchestration
Become turnkey production orchestrator for MNCs- from component sourcing via supplier audit to packing and sterilisation and logistics; as well as providing in-house quality assurance
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Medical Equipment Refurbishment
Attract MNC to establish authorized medical equipment refurbishment facility in Malaysia for CT scanners, MR and molecular imaging
Medical furniture and hardware cluster
Develop a medical furniture and hardware cluster, with a 2-pronged strategy; focusing on home care in developed markets, while riding the wave of infrastructure build up for hospital furniture in emerging countries
Medical Devices to increase Healthcare NKEA's GNI impact to RM42.2 B, with 263k jobs created
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First year Healthcare NKEA results
11 Economic Sectors
+
Greater
Kuala Lumpur
Electrical & Electronics
95%
117%
110%
103%
Foreign Workers Health Insurance
Clinical Research Malaysia
Malaysian Pharmaceuticals
Healthcare Travel Health Metropolis
123% 80%
95%
Diagnostic Services Nexus
Healthcare NKEA
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Key Achievements in 2011 NKEA Overall KPI
Achievement:
103%
For complete list of achievements, please refer to the ETP Annual Report 2011
EPP2: Clinical Research Malaysia Target:
260 Actual:
321
KPI Achievement:
123% 7
New EPPs under
Medical Devices
EPP4: Healthcare Travel Target:
RM431 mil Actual:
RM474mil
KPI Achievement:
110%
EPP3: Malaysian Pharmaceuticals
Economic Council approved the Pharmaceuticals Off-Take Government Procurement Agreement for New Local Manufactured Pharmaceuticals
MOH has announced revision of compulsory service for pharmacists from three years to one, with the option to extend service for an additional year.
Malaysian Healthcare Travel Council (MHTC) was corporatised in October 2011 7 New hospitals were announced
KPI: Number of Researches Conducted
KPI: Revenue collected from healthcare travel
How can you participate in Healthcare NKEA?
NKEA Labs
Agencies e.g. AIM, Biotech Corp, SME Corp, Commercial
Banks, etc
Independent Proposals
Sources of EPPs
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Health-Related EPPs - Proposals
Proposal
Financial Incentives?
Bionexus Status?
EPP?
Regulatory? Market Access?
GNI (2020), Jobs, Investment, Project Milestones
Healthcare SC
Endorsement
PM ETP Update
PEMANDU Starts Tracking
Nat’l Investment Committee or Economic Council
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We track all NKEA on weekly basis [Discipline of action]
Weekly reports
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Healthcare NKEA weekly report as at 20 April 2012
For more information, please visit our website - www.pemandu.gov.my Twitter: GTP -@gtp_roadmap ETP - @etp_roadmap Feedback/enquiries: GTP- [email protected] ETP- [email protected]
Thank you
Dr. Chua Hong Teck, Director, Healthcare NKEA & Low Income Households [email protected]
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