Showing posts with label Malaysia Eye Care Market. Show all posts
Showing posts with label Malaysia Eye Care Market. Show all posts

Friday, April 21, 2023

Malaysia Ophthalmology Total Revenue for the period (2015-20) CAGR of 7.7%. Will Malaysia be able to grow further?:- Ken Research

 1. Specialization of the Doctor along with the location of the Clinic/Hospitals are the major factors while deciding on the Clinic for Ophthalmology.

Malaysia Ophthalmology Market

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  • 5%-10% of the eye consultations turning to eye surgeries.
  • The surgery fee varied from MYR 2,000 to MYR 10,000 depending on the type of surgery. Length of Stay is generally up to 23 Hours. A patient visits clinic 1-2 times before the surgery and 1 visit post-surgery (generally included in package).
  • Doctor Specialization and Experience is the major parameter a Patient takes into consideration while making an appointment with an Ophthalmologist. Specialization in required surgeries builds confidence in the Patient to get their Treatment from that doctor. For ex: Some Clinics have Vitreoretinal Surgeons, Refractive Surgeons etc.
  • Hospitals with Strong Brand Name in Eye Care Services attracts Patients. Services such as shorter waiting time Availability of Ophthalmologists, Operating Area, Operating Hours, Pre-Surgery Test Facilities etc. helps the Patients to identify the best Clinic as per their convenience.
  • Before taking an appointment with a New Ophthalmology Clinic, Service Portfolio is analyzed basis multiple Consultations and Surgeries the clinic offers. For Ex: Some Clinic Offers RELEX SMILE while others are also offering FEMTO-LASIK.
  • Location of a Clinic/ Hospital from the Patient’s location is equally important. For Consultations a Patient takes Appointment in the Clinic closer to the place, however for Surgeries locations of the Doctor with Specialization is selected.
  • Surgery Price Package is analyzed before making decision for the Surgery. Package of the Surgery generally include Pre & Post Surgery Appointments with the Doctor and Required Tests to conduct before the surgery.

2. Increasing No. of Private Insurance Players & Coverage Premiums for Ophthalmology cases.

Malaysia Ophthalmology Market

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  • Increase in Private Insurance coverage encourages more people to seek private medical services, including ophthalmology related medical procedures that are subsidized by insurance.
  • Ophthalmology clinics are in partner with Major Insurance Companies to provide Cataract surgery related claims. For instance: ISEC has partnered with some Insurance companies and 3rd Party Administrators to ease down the claim process. Major insurance companies include AIA, Prudential BSN Takaful, eTiQa Archipelago Insurance etc.
  • Health insurance provides some financial protection against medical & surgical expenses, which normally includes cataract & other eye diseases, but not refractive error & other eye-related cosmetic surgeries.

For more insights on the market intelligence, refer to the link below:-

Malaysia Ophthalmology Market

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Tuesday, April 18, 2023

Due to COVID-19, the Malaysian Ophthalmology Market Revenue declined by 7.3% in 2020. Will Malaysia be able to recover the lost revenue? Ken Research

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1. With population of 31.9 Mn, Malaysia has 1 Ophthalmologist per 50,000 people

Malaysia Ophthalmology Market

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  • There is a dire need of more sophisticated ophthalmologist clinics
  • More technological advancement in services provided for ophthalmologist
  • Creating awareness regarding ophthalmologist’s need
  • More numbers of ophthalmologist’s.

2. Growing Ageing Population proportion increased Number of Eye related clinics across Different Regions

Malaysia Ophthalmology Market

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  • Proportion of Population >50 Years
  • 27%: Central Region, majorly include Kuala Lumpur Selangor, Negeri Sembilan
  • 26%: Northern Region, Major Locations being Pulau Pinang, Kedah Perlis & Perak
  • 16%: Southern Region, majorly Melaka and Johor
  • 14%: Eastern Region, Majorly include Kelantan, Pahang, Terengganu

Growing Ageing Population proportion across Different Regions resulting in increased Number of Eye related Patients in majorly Selangor and Kuala Lumpur

3. National Eye Database Malaysia has been significant in estimating the vastness of problems related to eye-sight.

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  • National Eye Survey, a population based eye survey to be conducted by the Ophthalmology Service of the Ministry of Health (MOH) in collaboration with the Institute of Public Health (IPH) and Clinical Research Centre (CRC) of the MOH.
  • Objective of the survey is to estimate the prevalence of blindness & low vision among Malaysians (50 years and older), to assess cataract surgery coverage & identify barriers to access cataract surgery service in the country.