The report titled “Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements" provides a comprehensive analysis of Ophthalmology Services in Malaysia. The report covers various aspects including market size (Total Revenue, Consultations Revenue, Number of Consultations, Surgery Revenue and Number of Surgeries), Market Segmentations by Clinic Specialty (Multi & Single Specialty), by Private and Public Clinics/Hospitals, By Ailments (Reduced Vision, Red Eyes, Allergic Reactions, Eye Strain, etc.), By Surgeries, By Regions (Selangor, Kuala Lumpur, Johor, Penang, Perak, Others), Patient Pain Points, Trends & Developments, Issues and Challenges, Government Regulations and Technological Advancements. Moreover, the report also covers Competition Landscape of Major Players, Investment Model for Setting up an Ophthalmology Clinic in Malaysia and Cross Comparison of Ophthalmology Market of South East Asian Countries.
The report concludes market projection
for future of the market, COVID-19 Impact, Analysts take on the Future and Case
Studies highlighting the major opportunities.
Malaysia Ophthalmology Market Overview and Size
Ophthalmology Market in Malaysia has
witnessed a moderate rise over the review period 2015-20. Growth in Number of
Ophthalmologists, Proportion of Ageing Population, Number of Patients with Eye
Ailments, Technological Advancements in Surgeries, etc. has augmented the
growth in Malaysia Ophthalmology Market. Selangor, Kuala Lumpur and Johor are
the regions with maximum consultations, majorly through Private Single
Specialty Hospital/Clinics. The growth in Market was further supported by
Rising Number of Diabetic Patients, Insurance Coverage for Surgeries like
Cataract and Single Specialty Clinics/Hospitals Increasing their number of
locations to cater to larger set of Patients.
Malaysia
Ophthalmology Market Segmentations
By
Type of Specialty: In terms of
total number of Consultations and Locations, Single Specialty Clinics and
Hospitals capture majority of the market share in 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. Multi-Specialty Clinics on the other hand focuses majorly on Daily
eye checkup cases & other eye related diseases.
By
Type of Clinic: Private Clinics
dominates the market 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.
By
Type of Ailments: Reduced Vision
which primarily includes Refractive Errors, Glaucoma, Cataract and Retinal Issues
accounted for the maximum number of Consultations in 2020. Malaysians with Red
Eyes accounted for second highest proportion in terms of Number of
Consultations wherein major types include Allergic, Bacterial and Viral
Conjunctivitis.
Type
of Regions: Selangor and
Kuala Lumpur accounted for maximum number of consultations in 2020. The region
dominated as a result of major number of locations in these regions, higher
number of Ophthalmologists and also because of Higher Proportion of Elderly
Citizens in the region.
By
Surgeries: Cataract is the most demanded surgery
in the Ophthalmology sector of Malaysia. It contributes around 40% of the
Number of Surgeries and Refractive Surgeries on the other hand accounted for
maximum share in terms of Revenue in
2020 due high Surgery Prices in
Malaysia.
Competitive
Landscape of Malaysia Ophthalmology Market:
The competition in the Ophthalmology
market in Malaysia is moderately fragmented with the presence of 9-10 clinics
that hold majority of the share in the market. Major Ophthalmology Clinics in
Malaysia include ISEC Eye Specialist, Optimax Eye Specialist, Oasis Eye
Specialist, Tunn Hussein Onn Eye Hospital, Vista Eye Specialist, Sunway Eye
Centre, Top Vision Eye Specialist and few others. Players in the industry compete
on the basis of parameters such as Number of Consultations, Number of
Surgeries, Average Consultation Fee, Surgery Conversion Rate, Type of Services,
Geographical Locations, Number of Centre, Number of Ophthalmologists,
Certification, Number of Operating Days etc.
Malaysia
Ophthalmology Market Future Outlook and Projections
Malaysia Ophthalmology Market in terms
of Total Revenue is expected to grow at a CAGR of 10.3% over the period 2020 to
2025. The market in future is anticipated to grow as a result of growth in
number of consultations, growth in Consultation Fee, Surgery Price, and
Proportion of elderly population and Diabetes Patients. The COVID-19 situation
in the country resulted in negative growth rate in 2020. However, the
technological advancements in the country along with more insurance companies
partnering with Ophthalmology Clinics will complement the Revenue Growth in the
industry. Market in terms of Number of Consultations and Surgeries will witness
a double digit growth rate in future.
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:
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Ankur Gupta, Head Marketing &
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