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Market Entry - Hospital Acquired Disease Testing Market in Malaysia: Analysis of Growth, Trends and Progress (2020 - 2025)

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About the Market

In the past few years, the high incidence of nosocomial infections or hospital acquired infections (HAIs) has led to a high rate of morbidity and has emerged as a major concern for governments, particularly in developing and underdeveloped countries. In first world countries, various regulations are in place for penalizing hospitals exhibiting high incidences of HAIs, auguring well for the hospital acquired disease testing market. In contrast, the absence of proper regulations and stringent policies limiting the adoption of molecular-biology-based diagnostics are restricting the expansion of the market across emerging nations. By tests, this market is segmented into urinary tract, pneumonia, bloodstream-associated, MRSA, surgical site infections etc. The hospital acquired urinary tract infection diagnostics segment holds a dominating share in the overall market, due to its high prevalence and impact on morbidity. Additionally, the market for testing solutions such as surgical site infections and pneumonia (ventilator-associated and hospital-associated infections) shall also expand due to the growing incidence of these conditions in emerging economies of Latin America, Asia-Pacific, and other developing regions. Some of the key players in global hospital acquired disease testing market are Diatherix Laboratories Inc., Qiagen GmbH, Gen-Probe Inc., L Hoffman-La Roche, Cepheid Inc., Meridian Biosciences, Life Technologies Corporation, Nordion Inc., and Cantel Medical Corporation.

About the Geography

Malaysia is a southeast Asian country with a democratic constitutional monarchy government. It is the fifth largest recipient of FDI in Asia with most of the investment in the manufacturing, finance, mining and distribution sectors. Malaysia has 16 bilateral trade agreements, is a part of ASEAN and WTO, and is currently negotiating a Malaysia-European Free Trade Agreement.

Malaysia is located close to major Asia-Pacific markets and companies investing in Malaysia find it a cost-effective gateway to Asian markets. It has a well-developed financial sector, English-speaking majority, educated workforce, and follows high standards of business and legal practices. The government has a provided many incentives to encourage FDI like liberalizing expatriate employment regime and MSC program, which was launched in 2003 to extend tax exemption from 10-15 years for new technology companies and from 5-10 years for priority companies. It has not been able to generate more foreign investments due to bureaucracy, shortage of skilled workers, and the governments’ policies favoring indigenous Malaysians.

A strong financial sector, developed infrastructure, significant resources, competitive costs, and liberal and transparent investment policies make Malaysia an ideal destination for foreign investment.

 

Component Name

Unit

GDP (USD billion)

296

GDP Annual Growth Rate

4

GDP Per Capita

10877

Unemployment Rate

3.5

Wages

530.898

Inflation Rate

1.5

Consumer Price Index (CPI)

116

Interest Rate

3

Loans to Private Sector (USD billion)

381.399

Balance of Trade (USD billion)

2.022

Business Confidence

106

Manufacturing PMI (Index Points)

48.6 Index Points

Ease of Doing Business

18

Competitiveness Rank

25

Corruption Rank

54

Consumer Confidence

78.5

Consumer Spending (USD billion)

34.16

Bank Lending Rate (Consumers)

4.46

Corporate Tax Rate

25

Sales Tax Rate

6

            

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

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