Press release
Malaysia Ophthalmology Market, Malaysia Ophthalmology Industry, Malaysia Ophthalmology Market Research Report - Ken Research
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:
https://www.kenresearch.com/healthcare/general-healthcare/malaysia-ophthalmology-market-outlook-to-2025/434141-91.html
Related Reports
https://www.kenresearch.com/healthcare/general-healthcare/philippines-ophthalmology-market-outlook/238841-91.html
https://www.kenresearch.com/healthcare/general-healthcare/indonesia-ophthalmology-market/215824-91.html
https://www.kenresearch.com/healthcare/general-healthcare/vietnam-online-ophthalmology-market/205240-91.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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