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

September 15
00:40 2021
Growing Medical Tourism Coupled with Increasing Diabetic Population in the Country is anticipated to drive the Malaysia Ophthalmology Market: Ken Research
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.
The report covers various aspects including market size (Total Revenue, Consultations Revenue, Number of Consultations, Surgery Revenue and Number of Surgeries), Market Segmentations by Clinic Specialty (Multi & Single Specialty), by Private and Public Clinics/Hospitals, By Ailments (Reduced Vision, Red Eyes, Allergic Reactions, Eye Strain, etc.), By Surgeries, By Regions, Patient Pain Points, Trends & Developments, Issues and Challenges, Government Regulations and Technological Advancements.

Malaysia News

 

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 surgerywithin 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 Advancementsobserved 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:-

  • By Revenue Split
  • Consultation
  • Surgeries
  • Eye Wear 
  1. 1.    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 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
  • Malaysia Ophthalmology Market
  • Malaysia Ophthalmology Consultations
  • Malaysia Ophthalmology Market Revenue
  • Malaysia Ophthalmology Surgeries
  • Malaysia Ophthalmology Surgery Revenue
  • Malaysia Ophthalmology Consultation Fee
  • Malaysia Ophthalmology Surgery Price
  • Malaysia Number of Ophthalmologists
  • Malaysia Ophthalmology Hospitals
  • Malaysia Ophthalmology Clinics
  • Malaysia Ophthalmology Public Hospitals
  • Malaysia Ophthalmology Number of Surgeries
  • Malaysia Ophthalmology Number of Consultations
  • South East Asian Countries Ophthalmology Market
  • Indonesia Ophthalmology Market
  • Vietnam Ophthalmology Market
  • Philippines Ophthalmology Market
  • ISEC Malaysia Revenue
  • Malaysia Major Eye Ailments
  • Malaysia Major Eye Surgeries
  • Malaysia Ophthalmology Surgeries
  • Selangor Malaysia Eye Clinic
  • Kuala Lumpur Malaysia Eye Clinic
  • Ophthalmologist per Clinic Malaysia
  • Malaysia Ophthalmology Clinic Equipments
  • Malaysia Ophthalmology Major Players Market Share
  • Sunway Eye Centre Revenue
  • Malaysia Ophthalmology COVID Impact

For more information on the research report, refer to below link:-

Malaysia Ophthalmology Market

Related Reports:-

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

Ophthalmology market has witnessed positive growth in number of consultations, number of surgeries, revenue from consultation and revenue from surgeries in the past five years due to increasing old age population, increasing exposure to electronic devices, increasing diabetic population and increasing air pollution. Many NGOs have taken up the responsibility of spreading awareness about eye health. Eyes Mo, Care Mo celebrated Philippines’s first ever National Eye Care Awareness Month that was dedicated to spread awareness about causes and ways to fight eye related issues. Major constraints faced by the ophthalmology market have been high operational cost, difficulty in ease of doing business, complicated government policies and shortage of ophthalmologist. Philippines Ophthalmology Market is growing at promising rate currently placed in growth stage. Government’s National Health Insurance program’s coverage increased from 75% in 2012 to 93% in 2018 and is expected to increase at a faster rate in future.

Thailand Ophthalmology Market Outlook to 2025 By Type of Consultation (Eye Strain/Aesthenopia, General Check-Up, Decreased/Reduced Vision, Allergic Reaction, Deformities of Eye/Eyelids), By Type of Surgery (Cataract, Refractive Error, Glaucoma, Retina Related Diseases and Others), By Region (Bangkok, Central, South, North-East and North) and By Type of Hospital (Single-Specialty and Multi-Specialty)

Ophthalmology in Thailand is in the growing phase with the presence of more than 220 hospitals and clinics providing ophthalmic care. Number of eye consultations has been increasing at a CAGR of 3.9%, while number of eye surgeries has been growing at 3.3% over 2015-2020. Overall Ophthalmology Market revenues have been growing at a CAGR of 4.9% over 2015-2020. There has been a growth in the number of ophthalmologists in the country, which has stimulated growth in ophthalmology market revenues. There has also been an increase in the number of eye ailments over the years, which has also led to growth in the ophthalmic care market.

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)

The Vietnam Ophthalmology Market is at a growing stage. The number of hospitals in the Vietnam Ophthalmology Market is gradually increasing over time. In 2018, it has been observed that more number of Single Specialty Eye hospitals in the private sector is opening up and are offering attractive treatment packages, personalized assistance along with the specialized services. Single Specialty Eye Hospitals tend to offer treatment by trained professionals and a one stop solution for all the eye related issues. People have started preferring these over Multi Specialty Hospitals. The number of inpatients has reduced and more number of eye patients has converted into outpatients owing to the technological advancements in conducting eye surgeries.

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

[email protected]

+91-9015378249

Media Contact
Company Name: Ken Research Private Limited
Contact Person: Ankur Gupta
Email: Send Email
Phone: 919015378249
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City: Gurugram
State: Haryana
Country: India
Website: www.kenresearch.com

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