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
Contact
Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
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