Press release
Malaysia Ophthalmology Market Industry Share, Growth Rate, Business Challenges, Demand and Forecast: Ken Research
Key Findings
Consultation Fee for Ophthalmology Services in Public Hospitals in Malaysia is as low as MYR 5, however it starts from MYR 80 in case of Private Ophthalmology Clinics/ Hospitals.
Number of Patients getting their Second Cataract Eye surgery within the same year accounted for 37.1% of the total Cataract Surgeries in 2020 in the Government Hospitals in Malaysia.
Low Ophthalmologist to population in the country, i.e. 1 Ophthalmologist for around 51,000 people in Malaysia in 2020.
Oculoplastic Surgeries growing in Malaysia as a result of more Aesthetic and Cosmetic Awareness among Malaysians.
Growing Number of Insurance Partnerships with Ophthalmology Clinics: Ophthalmology clinics are partnering with Major Insurance Companies or Third Party Administrators to provide Cataract surgery related claims. Health insurance companies provide some financial protection against medical & surgical expenses, which normally includes cataract & other eye diseases, but not refractive error or other eye-related cosmetic surgeries. This has encouraged more number of people to seek Private Medical treatment, subsidized by the insurance companies in Malaysia.
Overcoming Eye Treatment Challenges: Ophthalmologists in Malaysia face multiple Challenges in the Cataract procedure performed manually while creating an opening in the capsular bag. Advancements in Cataract Surgery was done in Malaysia by combining Z8 Femtosecond Laser and the FEMTIS which allowed Cataract Surgery with an unmatched level of precision, more than 5 times than that of the manual processes.
Technological Advancements in Malaysia Ophthalmology Market: Ophthalmology Market in Malaysia is continuously witnessing changes in terms of Technological advancements and developments in detection and diagnosis of multiple eye disorders.
Some companies introduced Artificial Intelligence (AI) systems to predict the risk of developing common eye diseases like diabetic retinopathy, ARMD and Glaucoma, to prevent blindness whereas some introduced a neuro rehabilitation software, Vivid Vision, that uses virtual reality (VR) games to help binocular vision disorders such as lazy or squint eye, i.e. treatment of their conditions with the usual therapies. Continuous Developments in the country are helping Malaysia to become the center of Medical Care for Malaysians and Medical Tourists.
Analysts at Ken Research in their latest publication "Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements" observed that the Ophthalmology Market in Malaysia has been growing over the years as a result of Rising Number of Ophthalmologists, Growing Number of Clinics, Increasing Health Budget and Growth in Prevalence of Non Communicable Diseases such as Hypertension and Diabetes. Malaysia Ophthalmology Market in terms of Number of Consultations and Number of Surgeries is expected to growth with a CAGR of 9.2% and 6.5% in the forecast period 2020-2025.
Visit @ https://www.kenresearch.com/healthcare/general-healthcare/malaysia-ophthalmology-market-outlook-to-2025/434141-91.html
Key Segments Covered
By Revenue Split
Consultation
Surgeries
Eye Wear
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
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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 Eye Hospital (THONEH)
Vista Eye Specialist
Top Vision Eye Specialist
Sunway Eye Centre
KPJ Centre For Sight
Oasis Eye Specialist
KL 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
For more details @ https://www.kenresearch.com/healthcare/general-healthcare/malaysia-ophthalmology-market-outlook-to-2025/434141-91.html
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
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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
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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. 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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