Malaysia Ophthalmology Market Outlook to 2025
Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements
May 2021
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About the Report
About the Report
The report titled “Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements" provides a comprehensive analysis of Ophthalmology Services in Malaysia. 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 (Selangor, Kuala Lumpur, Johor, Penang, Perak, Others), Patient Pain Points, Trends & Developments, Issues and Challenges, Government Regulations and Technological Advancements. Moreover, the report also covers Competition Landscape of Major Players, Investment Model for Setting up an Ophthalmology Clinic in Malaysia and Cross Comparison of Ophthalmology Market of South East Asian Countries.
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
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
2. 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
Products
Products
Key Segments Covered
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
2. Number of Surgeries and Revenue from Surgeries
Type of Surgeries
- Cataract
- Refractive Error
- Glaucoma
- Retinal Disorders
- Oculoplastic and Eye Lid Surgery
- ARMD
- Others
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
Companies
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
Table of Contents
Table of Contents
1. Malaysia Ophthalmology Market Overview
1.1 Malaysia Eye Healthcare System Overview
1.2 Regional Landscape of Malaysia Ophthalmology Market
1.3 Challenges and Pain Points faced by Patients in Malaysia
1.4 Key Ailment Trends in Malaysia Ophthalmology Market
1.5 Decision Making Parameters of a Patient
2. Cross-Comparison of Malaysia Ophthalmology Market with other SEA Countries
3. Malaysia Ophthalmology Market Supply
3.1 Ecosystem of All Major Entities (Single Specialty Hospitals, Multi Specialty Hospitals, Insurance Companies, Government Associations, Ophthalmology Device Companies)
3.2 Revenue Streams for an Ophthalmology Clinic in Malaysia
4. Malaysia Ophthalmology Market Demand
4.1 Hospital/Clinic Landscape of Ophthalmology in Malaysia Unit Matrix (Including Ophthalmologist Per Clinic, Consultation Per Day Per Clinic, Consultation Per Day Per Ophthalmologist, Surgery Per Day Per Clinic, Surgery Per Day Per Ophthalmologist, Value generated per eye consultation, Annual Consultation Revenue Per Clinic, Annual Consultation Revenue Per Ophthalmologist, Annual Surgery Revenue Per Clinic and Annual Surgery Revenue Per Ophthalmologist)
4.2 Malaysia Ophthalmology Market Size, By Total Revenue, Consultations Revenue, By Number of Consultations 2015-2020
4.3 Market Segmentations: By Single Specialty and Multi Specialty Hospitals/Clinics on the Basis of Number of Consultations and Number of Locations, 2015 and 2020
4.4 By Region (Kuala Lumpur, Selangor, Sarawak, Johor, Sabah, Penang, Kelantan, Melaka, Others) on the Basis of Number of Consultations and Number of Locations, 2020
4.5 By Ailment Type (Reduced Vision, Red Eyes, Eye Strain, General Check-Ups, Allergic Reactions, Deformities of Eye & Eye Lids on the Basis of Number of Consultations, 2015 and 2020
4.6 By Type of Clinic (Private Hospital/ Clinic and Public Hospital/Clinic) on the Basis of Number of Consultations & Consultations Revenue, 2020
4.7 Malaysia Ophthalmology Market Size by Number of Surgeries and Surgery Revenue, 2015-20
4.8 Market Segmentations By Type of Surgeries (Cataract, Refractive Errors, Glaucoma, Retinal Disorders, Oculoplastic & Eye Lid Surgery, ARMD and Others) on the Basis of Number of Surgeries and Surgery Revenue, 2015 and 2020
4.9 By Region (Kuala Lumpur, Selangor, Sarawak, Johor, Sabah, Penang, Kelantan, Melaka, Others) Basis No. Of Surgeries, 2020
5. Industry Analysis
5.1 Government Regulations in Malaysia Ophthalmology Market
5.2 Approval Procedure for Setting Up an Ophthalmology Clinic in Malaysia
5.3 Trends & Developments in Malaysia Ophthalmology Market
5.4 Technological Advancements and Innovations in Malaysia Ophthalmology Market
5.5 Issues & Challenges in Malaysia Ophthalmology Market
6. Malaysia Ophthalmology Market Investment Model
6.1 Investment Model for Setting up an Ophthalmology Clinic in Malaysia
6.2 Fixed Costs and Variable Costs Incurred
6.3 Revenue Matrix and Profitability Analysis
7. Competitive Landscape of Malaysia Ophthalmology Market
7.1 Competition Scenario and Market Share of Major Players by Total Revenue, Number of Consultations, Consultations Revenue, Number of Surgeries, Surgery Revenue, 2020
7.2 Strength and Weakness of the Major Players (ISEC, Optimax, Top Vision, Oasis Eye Specialist, Vista Eye Specialist, Tunn Hussein Eye Hospital and Others)
7.3 Business Landscape of Major Ophthalmology Clinics/ Hospitals: Year of Establishment, Type of Specialty, Services Offered, Major Operating Areas, No. of Doctors, Certification, Business Strategy, Recent Developments and Future Plans
7.4 Operating Landscape of Major Ophthalmology Clinics/ Hospitals: Number of Locations, Geographical Presence, Number of Operating Days, Clinic Operating Time, Number of Operating Areas, Consultation Fee, Surgery Conversion Rate (%), Number of Estimated Surgeries Per Day, Target Audience
7.5 Overall Operating & Financing Landscape of Major Ophthalmology Clinics/ Hospitals: Revenue per Branch, Revenue per Consultation, Revenue per Surgery, Revenue Split from Surgery, Revenue Split from Consultations, Number of Ophthalmologists, Revenue per Ophthalmologist
7.6 Company Profiles: ISEC Malaysia, Optimax Eye Specialist, Top Vision Eye Specialist, Oasis Eye Specialist, Vista Eye Specialist, Tunn Hussein Onn Eye Hospital (THONEH) and Others
8. Malaysia Ophthalmology Market Future Outlook, 2025F
8.1 Future Landscape of Ophthalmology in Malaysia: Total Revenue, 2020-2025F
8.2 Future Market Size of Malaysia Ophthalmology Market Basis Number of Consultations, Number of Surgeries, Surgery Revenue and Consultations Revenue, 2020-2025F
8.3 COVID-19 Impact on Malaysia Ophthalmology Market
8.4 Future Market Segmentations: 2025F: By Multi and Single Specialty and By Ailment Type Basis Number of Consultations, 2025F
8.5 By Surgery Type Basis Number of Surgeries and Surgery Revenue, 2025F
9. Analyst Recommendation and Industry Speaks
9.1 Recommendations for Set-up of a New Ophthalmology Centre
9.2 Strategies for Existing Ophthalmology Clinics
9.3 Target Regions and Promotional Strategies
9.4 Potential Risk Factors for New Entrant
9.5 Successful Operations Case Study: IPOH Eye Specialist Centre
9.6 Medical Technology Case Study: Tunn Hussein Onn National Eye Hospital
10. Appendix
11. Disclaimer
12. Contact Us
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