Growing Medical Tourism Coupled with Increasing Diabetic Population in the Country is anticipated to drive the Malaysia Ophthalmology Market: Ken Research

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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.

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 links: –

Ophthalmology Market in Malaysia

Related Reports by Ken Research

Philippines Ophthalmology (Eye Centers, Clinics and Hospital Chains) Market Outlook to 2023 – Investment Potential by Region and by Ailment Type (Cataract Surgery, Glaucoma Surgery, Refractive Error Surgery, Other Retina Related Surgeries and Others), Lasik & Aesthetics Centers

Indonesia Ophthalmology Market Outlook to 2023 – By Ailment Type (Cataract, Myopia, Glaucoma, Conjunctivitis and Others) and by Regions (DKI Jakarta, West Java, Central Java, North Sumatra and Others)

Vietnam Ophthalmology Market Outlook to 2023 – By Diseases (Cataract, Myopia, Glaucoma, Retina related Diseases, Blindness with Poor Eyesight, Conjunctivitis and Others), By Regions and By Hospitals (Single Specialty Eye Hospitals and Multi Specialty Hospitals)

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

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