Page 96 - Malaysian Dietary Supplement Industry Status and Outlook Report 2019-2020 Preview
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•  This is concerning at the national level on two-fronts:
                                                                    firstly, Malaysia is fast becoming an ageing nation
                                                                    and possibly as soon as 2030, and  secondly, the
                                                                    burden on healthcare will continue to increase as a
                                                                    result.
                                                                •  In earlier chapters, it is estimated that the direct and
                                                                    indirect economic costs due to four diseases alone
                                                                    (diabetes,  hypertension,   hypercholesterolemia,
                                                                    anaemia) amount to RMnn.n billion in 2018 and may
                                                                    balloon to RMnn.n billion by 2030 if left
                                                                    unaddressed.
                                                                •  Preventive  healthcare,  which centres around the
                                                                    total-quality concept of nutrition, exercise,  and
                                                                    lifestyle, is paramount to reducing this burden.

                                                             We believe that more communication and coordination
                                                             between the Malaysian dietary supplement industry and
                                                             primary  government stakeholder is warranted  to  kickstart
                                                             the process  of the industry development framework. As  a
                                                             starting point, we have identified three pillars that are
                                                             critical to this transformational process, with a list of policy
                                                             recommendations under each pillar presented in Figure 5.7:

                                                                •  Pillar A: Embark on  National Drive. Facilitating
                                                                    industry development  at the national level  via
                                                                    industry-wide strategies and initiatives.
                                                                •  Pillar B: Expand Export Growth. Facilitating industry
                                                                    export growth via enhancements for more conducive
                                                                    business environment.
                                                                •  Pillar C: Enhance Consumer Education. Facilitating
                                                                    industry growth and product  innovation via
                                                                    increased consumer awareness and affirmative
                                                                    action for personal healthcare.

                                                             In closing,  it is our hope that this Malaysian Dietary
                                                             Supplement Association industry status and outlook report
                                                             for 2019/2020 will serve as the steppingstone to the
                                                             strengthening of relationship between the industry and its
                                                             stakeholders for an advanced, progressive, and globally
                                                             competitive Malaysian dietary supplements industry.

                                                             We look forward to positive engagements with the Ministry
                                                             of Health and our national regulatory bodies that will ensue
                                                             from this  report, and  work hand-in-hand to refine and
                                                             expand on the recommendations herein for the betterment
                                                             of the industry and the nation’s economy.













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