Supply Of Suitable Infrastructure And Assistive Technologies

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Supply Of Suitable Infrastructure And Assistive Technologies
Supply Of Suitable Infrastructure And Assistive Technologies
To Support The Customers And Beneficiaries Of The Care Industry
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Medical Technology
Business Model Description

Invest in businesses that provide physical infrastructure such as ramps, lifts, and handrails to enhance accessibility and safety for care recipients inclusive of Persons with Disabilities (PWDs). The sector comprises a network of B2B businesses providing infrastructure and assistive technologies to other businesses such as care homes, hospitals, and clinics, and B2C businesses providing these to individual customers who require in-home care and/or products to enable and ease daily activities. Examples of companies active in this space are:

Bawa Cane has developed a produce for the visually impaired that is able to detect obstacles and provide functionality to make navigation easier and more intuitive. Bawa Cane began with startup capital of RM100,000 (USD 21,000) . As of 2018, price points were recorded at USD 699 per device (51).

Mandi B.P Sdn Bhd specializes in sanitary and kitchen ware. They have developed a range of products for PWD and elderly including grab bars and shower seats. These products are priced at between RM100 - RM500 (USD21 - USD 108) (52).

Preventech has developed a senior emergency response smart band that monitors vital signs such as heart rate, blood pressure and oxygen. The device has an emergency button, GPS tracking and fall detection among other features. Preventech raised USD 650,000 in capital as of 2020 (53).

Expected Impact

Increase care services provision responding to growing needs for special care, improve quality of care services, enhance the skills and capacity around care economy.

How is this information gathered?
Updated: 18 Jun, 2023
Malaysia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
< 5% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Industry, Innovation and Infrastructure (SDG 9) Gender Equality (SDG 5)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Reduced Inequalities (SDG 10)

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Sector Sources
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IOA Sources
  • 21) Stakeholder Engagement on March 21, 2023 22) Stakeholder Engagement on March 23, 2023 23) Seedstars. Innovating in uncertain times: How startups are shaping the care industry. https://www.seedstars.com/content-hub/life/innovating-uncertain-times-how-startups-are-shaping-care-industry/. 24) The Star. 2019. Health tech rolls in from across the straits. https://www.thestar.com.my/business/smebiz/2019/02/18/health-tech-rolls-in-from-across-the-straits/. 25) Atlantis Press. The Challenges in Implementing Mixed Economy of Care Practices in Child Welfare Network in Malaysia. https://www.atlantis-press.com/proceedings/acbleti-20/125957878. 26) Chambers and Partners. 2022. Malaysia Law and Practice. https://practiceguides.chambers.com/practice-guides/digital-healthcare-2022/malaysia. 27) Government of Malaysia. 2012. Law of Malaysia, Act 738, Medical Device Authority Act 2012. https://tsquality.ch/wp-content/uploads/2020/02/malaysia-act-738-medical-device-authority-act-9-feb-2012-english.pdf. 28) Government of Malaysia. 2012. Law of Malaysia, Act 737, Medical Device Act 2012. https://www.myrubbercouncil.com/industrynews/pdf/Medical%20Device%20Act%20&%20Authority%20Act%202012%20(ACT%20737%20&%20738).pdf. 29) Siti Nurhanis Mohd Fadzil, et al. 2022. Impact of Social Care on Elderly Well-Being in Malaysia: A Mediating Role of the Waqf Fund. https://www.mdpi.com/2504-3900/82/1/114/pdf. 30) Dominick J. Falcon. 2019. The Health Care Gap in Rural Malaysia. https://core.ac.uk/download/pdf/275906747.pdf. 31) Norliza Saiful Bahry et al. 2019. Challenges Faced by Malaysian Parents in Caregiving of a Child with Disabilities. http://gatrenterprise.com/GATRJournals/GJBSSR/pdf_files/GJBSSRVol7(2)2019/2.Norliza%20Saiful%20Bahry.pdf. 32) Code Blue. 2020. Building A Resilient Health Care System For The Future — Mark Cheong. https://codeblue.galencentre.org/2020/10/21/building-a-resilient-health-care-system-for-the-future-mark-cheong/. 33) Krishna Moorthy, et al. 2022. Gender Inequality Affecting Women’s Career Progression in Malaysia. https://vc.bridgew.edu/jiws/vol23/iss1/32. 34) World Bank. 2020. A Silver Lining: Productive and Inclusive Aging for Malaysia. https://www.worldbank.org/en/country/malaysia/publication/a-silver-lining-productive-and-inclusive-aging-for-malaysia. 35) UN Department of Economic and Social Affairs. 2022. SDG Indicators Database. https://unstats.un.org/sdgs/dataportal/database. 36) Filzah Md Isa et al. 2020. Exploring the facet of elderly care centre in multiethnic Malaysia. https://www.emerald.com/insight/content/doi/10.1108/PRR-05-2020-0013/full/pdf?title=exploring-the-facet-of-elderly-care-centre-in-multiethnic-malaysia. 37) Ahwin. SmartPeep AI Elderly-Sitter System. https://www.ahwin.org/smartpeep-ai-elderly-sitter-system/. 39) Secretary General, Ministry of Economic Affairs. 2019. Shared Prosperity Vision 2030. https://www.epu.gov.my/sites/default/files/2020-02/Shared%20Prosperity%20Vision%202030.pdf. 40) Conventus Law. 2019. Malaysia – Higher Standards Of Care Under The Private Aged Healthcare Facilities And Services Act 2018. https://conventuslaw.com/report/malaysia-higher-standards-of-care-under-the/. 41) W.A. Wan-Ibrahim and I. Zainab. 2014. The Availability of Family Support of Rural Elderly in Malaysia. http://www.idosi.org/wasj/wasj30(7)14/17.pdf. 42) World Bank. Data. https://data.worldbank.org/indicator/NV.MNF.TECH.ZS.UN. 43) Malaysia Digital Economy Blueprint (My Digital). 2021. Economic Planning Unit (EPU), Prime Minister's Department. https://www.epu.gov.my/sites/default/files/2021-04/Malaysia%20Digital%20Economy%20Blueprint.pdf. 44) Anand Jebaraj. 2021. Challenges and Opportunities in Transforming Malaysian Health Care through Integrative Strategic Planning: A Case of Malaysian Healthcare Organization in the Post-Covid Environment. https://ijbmcjournals.org/wp-content/uploads/2021/05/ijbmc-vol-1-1-6.pdf. 45) Government of Malaysia. 2012. Law of Malaysia, Act 586, Pivate Healthcare Facilities and Services Act 1998. https://www.moh.gov.my/index.php/database_stores/attach_download/317/27. 46) MIDA. 2020. Guide on Medical Devices Industry Malaysia https://mida.gov.my/wp-content/uploads/2020/07/Guide-on-Medical-Devices-Industry-in-Malaysia_21072020.pdf. 47) UNDP. 2020. Care Work in the Time of COVID-19: Women’s Unpaid Care Burden in Four Charts. https://www.undp.org/malaysia/blog/care-work-time-covid-19-womens-unpaid-care-burden-four-charts. 48) Code Blue. 2023. Formalise Malaysia’s Care Economy With New Act: Homage. https://codeblue.galencentre.org/2023/01/11/formalise-malaysias-care-economy-with-new-act-homage/. 49) Code Blue. 2023. Proposed Senior Citizens Bill May Impose Penalties For Sending Elderly Parents To Care Homes. https://codeblue.galencentre.org/2023/03/15/proposed-senior-citizens-bill-may-impose-penalties-for-sending-elderly-parents-to-care-homes/. 50) Homage. 2021. The Future of Aged Care Facilities: Improving Regulation and Quality of Care in Malaysia. https://www.homage.com.my/resources/the-future-of-aged-care-facilities-improving-regulation-and-quality-of-care-in-malaysia/. 51) Vulcan Post. 2018. How Theses M'sians Are Using The Power Of The Internet To Make Walking Easier For The Blind. https://vulcanpost.com/638847/bawa-cane-visual-impairment-malaysia/#:~:text=Currently%20in%20the%20process%20of,a%20price%20of%20US%24699. 52) Mandi B.P. 2023. Safety & Accessibilities. https://www.mandibp.com/bathroom/safety-accessibilities 53) Vulcan Post. 2020. You'd Probably Want Grandma & Grandpa To Own This Smart Band If They Live Alone. https://vulcanpost.com/703567/preventech-malaysia-smartband-elderly-safety-emergency-response/ 54) Companies Commission of Malaysia - Kiddocare Sdn Bhd Filings. 2023. https://www.ssm-einfo.my/member/index.php?id=uni 55) Companies Commission of Malaysia - My Care Concierge Sdn Bhd. 2023. https://www.ssm-einfo.my/member/index.php?id=uni 56) Government of Malaysia. Allied Health Professions Act 774, 2016. https://hq.moh.gov.my/nutrition/wp-content/uploads/2019/10/Akta_AHP_Akta-774.pdf 57) Government of Malaysia. Industry4WRD Policy. 2018. https://www.miti.gov.my/index.php/pages/view/4832 56) Government of Malaysia. Economic & Fiscal Outlook and Federal Government Revenue Estimates 2023. 2023. https://budget.mof.gov.my/pdf/belanjawan2023/ekonomi-fiskal/EUFORE2023_270223.pdf