Wednesday, June 2, 2021

Malaysia Ophthalmology Market Research Report to 2025: Ken Research

 How Is Ophthalmic Healthcare Market Positioned in Malaysia?

Ophthalmology Market in Malaysia is in the Growth Stage as a result of Growing Number of Ophthalmology Clinics and Hospitals and Number of Ophthalmologists in the Country. Malaysia recorded ~ Number of Hospitals and Clinics providing Ophthalmology Services in the Country present across all the regions.

Ophthalmology costs in Malaysia is estimated to be far less (~% less or even more) than what a patient usually spends on an average for the same treatment in the US and European countries such as the UK, France, Germany and others. Hence, a low treatment cost attracts patients from Malaysia and from these countries.


Prevalence of Lifestyle Diseases such as Hypertension and Diabetes has been continuously increasing over the years resulting in more number of eye patients in Malaysia. 12% of Malaysian population is suffering from diabetes, hence subsequently contributed to the growth of more eye patients who suffer from diseases such as diabetic retinopathy, cataract and glaucoma. Elderly Population in Malaysia accounts for ~% of the Total Population, contributing to maximum Patient base for Eye Clinics and Hospitals in the country.

There has been a growth in eye consultations along with eye surgeries due to increasing eye related problems which has directly translated to revenue growth for ophthalmology in the country. Malaysia Ophthalmology Market in terms of Total Revenue recorded ~% CAGR during the Historical period 2015-2020.

Malaysia Ophthalmology Market Segmentations, 2020

By Type of Specialty

The market is dominated by the Single Specialty Clinics/Hospitals with a share of ~% in terms of Number of Consultations during the year 2020. As they are located in the Patient’s convenient locations and Equipments used are more advanced & have latest technologies which provide faster and accurate results to the patients

By Ailment Type

Reduced Vision which primarily includes Refractive Errors, Glaucoma, Cataract and Retinal Issues accounted for the maximum share of ~% in terms of number of Consultations, followed by Red Eyes with ~% Share in 2020.

By Type of Clinic

Private Clinics accounts for majority of the market with ~% share in terms of Number of Consultations in 2020 as they provide latest and advanced technologies to detect and diagnose the eye related diseases and generally provide treatment for all Types of Surgeries. Public Hospitals/ Clinics on the other hand accounts for ~% share in 2020.

By Regions

Selangor and Kuala Lumpur dominated the market with ~% and ~% Share in terms of number of consultations, followed by Johor with ~% share and Perak with ~% share during 2020.

Proportion of Population >50 Years is ~% and ~% in Kuala Lumpur & Selangor, highest than other regions.

By Type of Surgeries

Cataract Surgery accounted for ~% in terms of Surgeries, however in terms of Revenue Refractive error dominated the market with ~% in 2020 due to high cost of such surgeries.

Ophthalmology Landscape in South-East Asian Countries

Table: (Comparison of Indonesia, Philippines, Vietnam, Malaysia and Thailand on the Basis of Population, Population>50 years, Major Eye Problems, Prevalence of Diabetes in Adults, Diabetic Retinopathy Trends, No. of Ophthalmologists, No. of Eye Clinics/Hospitals, Major Eye Care Hospitals/Eye Clinics, Total Ophthalmology Market Revenues, No. of Annual Consultations, Number of Total Surgeries, Consultation/Clinic/Day, Consultation per Ophthalmologist per day, Surgery per day per clinic, Ophthalmologist per clinic, Average Consultation Fee, Consultations Revenue Share, Average Surgery Price, Surgery Revenue Share, Cataract Surgery Fee and LASIK Surgery Fee)

Market Competition

Competition in Ophthalmology in Malaysia is moderately concentrated with support from Private Insurance Companies and limited presence of organized Ophthalmology Clinics/Hospitals. Top 4 players capture ~% share in the overall Industry Revenue. Players in Ophthalmology space competing on the basis of Consultation Fee, Surgery Prices & Surgery Packages, Areas of Operations & Number of Locations, No. of Ophthalmologists & Their Experience and Availability, Types of Surgeries and Technological Innovations etc.

Malaysia Ophthalmology Market Future Outlook and Projections

Over the forecast period, Malaysia Ophthalmology Market if expected to reach ~MYR Mn as a result of expected Growth in Proportion of Population More than 50 Years old, New Technological Advancements with respect to early Diagnosis of Eye Related Problems. Due to the COVID-19 outbreak, there has been a negative growth in year 2020, however the market is witnessing recovery as Patients who could not take required surgeries in 2020 are now getting it done.

Ophthalmology market in the country is expected to grow as a result of new Locations clinics are opening as a part of Expansion, Increasing the Service Portfolio and Growth in Surgery Prices in future as a result of Inflation.

Key Segments Covered

Number of Consultations and Consultations Revenue

By Type of Specialty

Single Specialty Hospital/Clinic

Multi Specialty Hospital/Clinic

By Regions

Selangor

Kuala Lumpur

Johor

Perak

Penang

Others

By Ailment Type

Reduced Vision

Red Eyes

Eye Strain

General Check-Ups

Allergic Reactions

Deformities of Eye and Eye Lids

By Type of Clinic/Hospital

Public Hospitals/Clinics

Private Hospitals/Clinics

Number of Surgeries and Revenue from Surgeries

Type of Surgeries

Cataract

Refractive Error

Glaucoma

Retinal Disorders

Oculoplastic and Eye Lid Surgery

ARMD

Others

Malaysia Ophthalmology Market Companies Covered

ISEC Malaysia

Optimax Eye Specialist

Tunn Hussein Onn National Eye Hospital (THONEH)

Vista Eye Specialist

Top Vision Eye Specialist

Sunway Eye Centre

KPJ Centre for Sight

Oasis Eye Specialist

KL Eye Specialist

IKONIK Eye Specialist

Key Target Audience

Government and Regulatory Bodies

Industry Associations

Single Specialty Eye Clinics and Hospitals

Multi Specialty Eye Clinics and Hospitals

Eye Clinics

Ophthalmologists

Medical Device Companies

Ophthalmology Device Instrument Companies

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2021-2025

Key Topics Covered in the Report

Malaysia Ophthalmology Market Overview

Malaysia Ophthalmology Market Ecosystem

South East Asian Countries Ophthalmology Market Cross Comparison

Cross Comparison- Major Ophthalmology Players in Malaysia

Malaysia Ophthalmology Revenue Streams

Malaysia Ophthalmology Market Landscape

Malaysia Ophthalmology Market Size

Malaysia Ophthalmology Market Segmentations 2020

Malaysia Ophthalmology Market Growth Drivers

Malaysia Ophthalmology Market Government Regulations

Malaysia Ophthalmology Market Trends & Developments

Malaysia Ophthalmology Issues and Challenges

Malaysia Ophthalmology Market Major Company Profiles

Malaysia Ophthalmology Clinic Investment Model

Malaysia Ophthalmology Market Future Market Size and Segmentations, 2020-2025F

Covid-19 Impact on Malaysia Ophthalmology Market

Analyst Recommendations

Case Studies

For More Information on the Research Report, Refer to Below Link:

Ophthalmology Market in Malaysia

Related Reports

Philippines Ophthalmology (Eye Centers, Clinics and Hospital Chains) Market Outlook to 2023 - Investment Potential by Region and by Ailment Type (Cataract Surgery, Glaucoma Surgery, Refractive Error Surgery, Other Retina Related Surgeries and Others), Lasik & Aesthetics Centers

Indonesia Ophthalmology Market Outlook to 2023 - By Ailment Type (Cataract, Myopia, Glaucoma, Conjunctivitis and Others) and by Regions (DKI Jakarta, West Java, Central Java, North Sumatra and Others)

Vietnam Ophthalmology Market Outlook to 2023 - By Diseases (Cataract, Myopia, Glaucoma, Retina related Diseases, Blindness with Poor Eyesight, Conjunctivitis and Others), By Regions and By Hospitals (Single Specialty Eye Hospitals and Multi Specialty Hospitals)

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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