Growth in medical tourism coupled with rising diabetic population in the country is expected to drive Malaysia’s ophthalmology market: Ken Research
Consultation fees for eye care services in public hospitals in Malaysia are as low as MYR 5, but start from MYR 80 in the case of private eye clinics/hospitals.
The number of patients undergoing their second cataract eye surgery in the same year accounted for 37.1% of the total cataract surgeries in 2020 in public hospitals in Malaysia.
Low Ophthalmologist compared to the population of the country, i.e. 1 Ophthalmologist for approximately 51,000 people in Malaysia in 2020.
Oculoplastic surgeries are growing in Malaysia due to greater awareness of aesthetics and cosmetics among Malaysians.
Growing Number of Insurance Partnerships with Eye Clinics: Eye clinics are partnering with major insurance companies or third-party administrators to provide claims related to cataract surgery. Health insurance companies offer some financial protection against medical and surgical expenses, which normally include cataracts and other eye conditions, but not refractive errors or other eye-related cosmetic surgeries. This has encouraged more people to seek private medical treatment, subsidized by 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. Advances in cataract surgery have been made in Malaysia by combining the Z8 femtosecond laser and FEMTIS, which has enabled cataract surgery with an unparalleled level of precision, more than 5 times better than manual processes.
Technological Advancements in the Malaysian Ophthalmology Market: The Malaysian ophthalmology market continuously witnesses changes in terms of technological advancements and developments in the detection and diagnosis of several eye disorders.
Some companies have introduced artificial intelligence (AI) systems to predict the risk of developing common eye diseases such as diabetic retinopathy, AMD and glaucoma to prevent blindness, while others have introduced software of neuro-rehabilitation, Vivid Vision, which uses virtual reality (VR) games to help binocular vision disorders such as lazy or strabismic eye, i.e. treating their conditions with therapies usual. Continuous developments in the country are helping Malaysia become the center of medical care for Malaysians and medical tourists.
Ken Research analysts in their latest publication “Malaysia Ophthalmology Market Outlook to 2025- Increase in ophthalmic surgeries and consultations driven by increasing proportion of aging population and technological advancements in ophthalmology” observed that the market for ophthalmology Ophthalmology in Malaysia has grown over the years due to increase in the number of ophthalmologists, increase in the number of clinics, increase in the healthcare budget and increase in the prevalence of non-communicable diseases such as hypertension and diabetes. The Malaysian ophthalmology market in terms of number of consultations and number of surgeries is expected to grow with a CAGR of 9.2% and 6.5% during 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 income distribution
Number of consultations and revenue from consultations
By type of specialty
Single Specialty Hospital/Clinic
By disease type
Eye and eyelid deformities
Request sample report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDM0MTQx
By type of clinic/hospital
Number of surgeries and income from surgeries
Type of surgeries
Oculoplastic and eyelid surgery
Malaysia Ophthalmology Market Companies Covered
Optimax Ophthalmology Specialist
Tunn Hussein Onn Eye Hospital (THONEH)
Vista Eye Specialist
Top Vision Eye specialist
Sunway Eye Center
KPJ Center for Sight
Oasis Eye Specialist
KL Eye Specialist
Key target audience
Government and regulatory bodies
Unique specialty eye clinics and hospitals
Multi-specialty eye clinics and hospitals
Medical device companies
Ophthalmology Instrument Companies
For more details @ https://www.kenresearch.com/healthcare/general-healthcare/malaysia-ophthalmology-market-outlook-to-2025/434141-91.html
Time period entered in the report: –
Historical period: 2015-2020
Forecast period: 2021-2025
Main topics covered in the report
Overview of the ophthalmology market in Malaysia
Malaysia Ophthalmology Market Ecosystem
Southeast Asia Countries Ophthalmology Market Cross Comparison
Cross Comparison – Top Ophthalmology Players in Malaysia
Malaysia Ophthalmology Revenue Stream
Landscape of eye care market in Malaysia
Malaysia ophthalmology market size
Malaysia Ophthalmology Market Segmentation 2020
Malaysia Ophthalmology Market Growth Drivers
Government regulation of the ophthalmology market in Malaysia
Malaysia Ophthalmology Market Trends and Developments
Malaysia Problems and Challenges in Ophthalmology
Profiles of key companies in the ophthalmology market in Malaysia
Malaysia Eye Clinic Investment Model
Future Malaysia Ophthalmology Market Size and Segmentations, 2020-2025F
Impact of Covid-19 on the Malaysian Ophthalmology Market
For more information on the research report, refer to the link below:
Ankur Gupta, Marketing and Communications Manager
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 firm. We provide strategic advice to help clients on critical business insights: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers and acquisitions, and sustainability across all industries and geographies. We provide business intelligence services and operational advice in over 300 verticals highlighting disruptive technologies, emerging business models with analysis of precedents and success case studies. Some of the best consulting firms and market leaders seek our intelligence to identify new revenue streams, customer/vendor paradigm and pain points and competitive due diligence.
This press release was published on openPR.