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.
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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
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