Description
This new market research report analyses the rising opportunities for technical and techno-commercial placement consultancy companies in Malaysia as investments are rising in pharmaceuticals, medical devices, and life sciences industries in the country.
The healthcare sector is a leading driver of economic growth in Malaysia. Changing demographics, rapid urbanisation and more pervasive health awareness have led to the creation of a strong domestic healthcare industry. The Government wishes to catalyse growth in this sector by encouraging more private investments in areas such as manufacturing of pharmaceutical products, medical devices and the clinical research industry.
This report analyses the recruitment trends prevalent in Malaysia for technical and techno-commercial roles in the life sciences, pharmaceutical and medical device companies. The placement practices of these companies in Malaysia are analysed in detail. The main objective of undertaking this study was to understand the business prospects for a recruitment firm focusing on placement of mid-to-senior level professionals for technical and techno-commercial roles– especially with respect to placement of expatriates.
The companies in the targeted industries in Malaysia are categorised into three groups for analysing their hiring trends and practices. This study compares recruitment practices of each of these categories in detail. Additionally, the recruitment practices of selected companies belonging to each of the above categories across the targeted sectors are analysed.
The competition analysis section of the study compares the services offered by recruitment firms in the targeted industries in Malaysia. The different business strategies adopted by these firms to rise to the unique challenges of the industry are analysed. Profiles of some of the key players operating in the target industry segments are provided.
Finally, the report lists strategies for tapping the recruitment opportunities in the life sciences, pharmaceutical and medical device industries in Malaysia based on the feedback from the industry players as well as companies.
Executive Summary
Market Definition and Scope
Information Sources and Methodology
Assessing Malaysia’s Market Potential
Government focus on the targeted sectors
Government initiatives to attract and retain talent
Critical occupations 2017
Top Skills in Demand in 2017
Table 1: Top Talent Trends 2017
The Regulatory Landscape
The National Biotechnology Policy
Figure 1: Implementation Phases of Malaysia’s National Biotechnology Policy
Table 2: Key Indicators of BioNexus Companies
The Bioeconomy Transformation Program (BTP)
Table 3: Investments in Focus Areas in 2015
The Medical Device Act 2012
Clinical Research Guidelines
Biosimilar Guidelines
The Biosafety Act
Green Technology Financing Scheme
The Economic Transformation Programme (ETP)
The Bioeconomy Initiative Malaysia (BIM)
Industry Overview
Life Sciences Industry
Biopharmaceuticals
IVD
Agricultural biotechnology
Major Players in Malaysia
Pharmaceuticals Industry
Major Players in Malaysia
SWOT Analysis
Table 4: SWOT Analysis of Malaysia’s Life Sciences, Pharmaceutical and Medical Device Industries
Skill Gap Analysis
Industry Demand
Demand and Supply Imbalance
An Assessment of Recruitment Practices of Companies in the Targeted Industries in Malaysia
Recruitment Practices
Category A
Operation strategies
Centralised vs. Regional vs. Local Hiring
Mode of hiring
The Hiring Process
Category B
Operation strategies
Centralised vs. Regional vs. Local Hiring
Mode of Hiring
The Hiring Process
Category C
Operation Strategies
Hiring of Expatriates for Mid-Senior Roles
Company Profiles in the Targeted Industry Sectors
Life Sciences Companies
Biocon Sdn Bhd
Table 5: Recruitment Trends at Biocon Sdn. Bhd.
CCM Duopharma Biotech Berhad
Table 6: Recruitment Trends at CCM Duopharma Sdn. Bhd.
Romer Labs Sdn Bhd
Table 7: Recruitment Trends at Romer Labs Sdn Bhd
ACGT Sdn Bhd
Table 8: Recruitment Trends at ACGT Sdn Bhd
Pharmaceutical Companies
Pharmaniaga Bhd
Table 9: Recruitment Trends at Pharmaniaga Bhd
Kotra Pharma (M) Sdn Bhd
Table 10: Recruitment Trends at Kotra Pharma (M) Sdn Bhd
Ranbaxy (M) Sdn Bhd (A Sun Pharma company)
Table 11: Recruitment Trends at Ranbaxy Sdn Bhd
Hovid Berhad
Table 12: Recruitment Trends at Hovid Bhd
SM Biomed Sdn Bhd
Table 13: Recruitment Trends at SM Biomed Sdn Bhd
KCK Pharmaceuticals Sdn Bhd
Table 14: Recruitment Trends at KCK Pharmaceuticals Sdn Bhd
Medical Device Industry
B Braun Medical Industries Sdn Bhd
Table 15: Recruitment Trends at B Braun Medical Industries Sdn. Bhd.
Abbott Laboratories Sdn Bhd (Formerly St Jude Medical Sdn Bhd)
Table 16: Recruitment Trends at Abbott Laboratories (Formerly St Jude Medical Sdn Bhd)
Agilent Technologies (M) Sdn Bhd
Table 17: Recruitment Trends at Agilent Technologies (M) Sdn Bhd
Boston Scientific (M) Sdn Bhd
Table 18: Recruitment Trends at Boston Scientific (M) Sdn Bhd
Lake Region Medical Sdn Bhd
Table 19: Recruitment Trends at Lake Region Medical Sdn Bhd
Johnson and Johnson Sdn Bhd
Table 20: Recruitment Trends at Johnson and Johnson Sdn Bhd
Salary Ranges for Mid-Senior Technical and Techno-commercial roles
Table 21: Salary Guide Techno Commercial roles (Life Sciences and Pharmaceutical industries)
Table 22: Salary Guide Techno Commercial roles (Medical Device industry)
Table 23: Salary Guide Technical roles (Life Sciences and Pharmaceutical industries)
Table 24: Salary Guide Technical roles (Medical Device industry)
Opportunities for Recruitment Firms in Malaysia’s Life Sciences, Pharmaceutical and Medical Device Sectors
Situational Analysis
Figure 2: Market Forces Shaping the Recruitment Industry for Targeted Sectors in Malaysia
Market Drivers
Table 25: Factors Driving the Demand for Recruitment Services in the Target Sectors
Strong Government Support
The rising gap between the supply and demand of local scientific skills
Supportive Immigration Policies
Retention of Talent
Rising Regulatory Requirements
Highly Variable Technical Skill Sets across Various Industry Segments
Shifting Skill Needs during the Life Cycle of a Product
Vendors and Suppliers with their own Skill Set Demands
Favourable Business and Market Landscapes
Market Challenges
Market Challenges of the Placement Consultancy Sector in the Industry sectors
Absence of a Critical Mass of Scientific Professionals
Relatively Lower Financial Strength of Malaysian Companies
Lack of Local Talent for Niche Job Roles
Local Economic conditions and Government Policies Deter Hiring of Expatriates
Increasing Use of Online Job Search Tools and Social Media
Emerging Job Roles
Table 27: Job Roles in Demand in the Targeted Sectors
Competitor Analysis
Key Categories and the Main Players Within
ManpowerGroup
EPS Malaysia
Robert Walters
Carleton Executive Search
Kegan Executive Search
Ways to Exploit the Placement Opportunities in Malaysian Target Industry Segments
- Biocon Sdn Bhd
CCM Duopharma Biotech Berhad
Romer Labs Sdn Bhd
ACGT Sdn Bhd
Pharmaniaga Bhd
Kotra Pharma (M) Sdn Bhd
Ranbaxy (M) Sdn Bhd (A Sun Pharma company)
Hovid Berhad
SM Biomed Sdn Bhd
KCK Pharmaceuticals Sdn Bhd
B Braun Medical Industries Sdn Bhd
Abbott Laboratories Sdn Bhd (Formerly St Jude Medical Sdn Bhd)
Agilent Technologies (M) Sdn Bhd
Boston Scientific (M) Sdn Bhd
Lake Region Medical Sdn Bhd
Johnson and Johnson Sdn Bhd
ManpowerGroup
EPS Malaysia
Robert Walters
Carleton Executive Search
Kegan Executive Search
