Malaysia Eye Drop Market to be Dominated by Prescription Eye Drop Segment through 2028
The
increasing geriatric population is expected to drive the Malaysia eye drop market in the
forecast period, 2024-2028.
According
to TechSci Research report, “Malaysia Eye Drop Market– By Region,
Competition, Forecast and Opportunities, 2028”, the Malaysia eye drop
market is anticipated to grow at a significant rate in the forecast period,
2024-2028. The eye drop market in Malaysia is witnessing significant growth,
driven by the rising awareness about eye health and increasing serviceability
of e-commerce platforms. People now have easier access to eye drops due to the
e-commerce sector, which has led to the industry's expansion in the nation.
Traditional eye drops were only sold in physical stores, which many people
might find time-consuming and inconvenient. However, due to the growth of
e-commerce platforms, customers can now buy eye drop products from the comfort
of their homes with just a few clicks. Furthermore, increasing expenditure in
the healthcare industry, particularly those pertaining to eye care, is likely
to fuel the Malaysia eye drop market over the forecast period.
Also,
due to the emerging awareness programs on healthcare, demand for the eye drop
rises in Malaysia. On August 6th, 2019, the National Eye Health Awareness
Campaign was held at UCSI University. The Association of Malaysian Optometrists
(AMO) and the Malaysian Optical Council (MOC), a division of the Ministry of
Health (MOH), jointly organized this annual public awareness campaign. The main
goal of this campaign is to increase Malaysians' knowledge of "Primary Eye
Care" and "Optometrist" to motivate them to seek out appropriate
eye exams and consultations, hence augmenting the growth of the Malaysian eye
drop market.
However,
even when applying eye drops correctly, there are several possible routes of
absorption and using too many drops can occasionally result in an unintended
systemic bioavailability of the medication. Furthermore, even with the correct
administration of the prescribed dose, significant amounts may be absorbed in
an undesirable manner through a variety of routes due to the active ingredient
concentration, which is typically very high in such medicinal preparations.
This may hamper the growth of the market in the forecast period. In addition,
because of the concentration of active substances that are normally very strong
in these medicines and can hamper their growth over the forecast period,
significant quantities may be carried out unnecessarily by a variety of routes
caused by an incorrect dose administration even when adequately administered
concomitantly.
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over XX Market Data Figures spread through XX Pages and an in-depth TOC on
“Malaysia Eye Drop Market.”
The
Malaysia eye drop market is segmented into type, drug class, disease
indication, distribution channel, region, and company.
Based
on type, the market is divided into prescription and over the counter eye
drops. The prescription eye drop segment is expected to witness a rise over the
forecast period. This can be attributed to their huge demand for the treatment
of eye diseases such as cataract and post-surgery inflammations, which is
anticipated to support market growth in the future.
Based
on drug class, the market is divided into antiallergy, anti-inflammatory,
antiglaucoma, anti-VEGF, and others. The antiallergy segment is expected to
witness a rise over the forecast period. This is attributed to the rising cases
of eye allergies among people of Malaysia due to increasing screen time.
Based
on disease indication, the market is divided into dry eye diseases, glaucoma,
eye allergy, eye infections, retinal disorders, and others. The eye allergy
segment is expected to witness a rise over the forecast period. This is
attributed to the increasing screen time of people of all age groups in
Malaysia, which results in eye allergy.
Based
on distribution channel, the market is divided into hospitals pharmacy, retail
pharmacy, online pharmacy. The online pharmacy segment is expected to witness a
rise over the forecast period. This is attributed to the high convenience
offered by the e- commerce platforms and presence of wide range of portfolio in
online pharmacy.
Major
companies operating in Malaysia eye drop market are:
- Alcon
Laboratories (Malaysia) Sdn Bhd
- Johnson
& Johnson
- CooperVision
Contact Lens Malaysia Sdn Bhd
- Metro
optical Group Eyeware
- TRB
CHEMEDICA
- Xepa
Laboratories Pte. Ltd
- Thea
Pharma Sdn Bhd
- Systane
- Rohto
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“Malaysia
eye drop market is expected to witness a significant growth in the upcoming
years, due to the growing number of ophthalmologists in the nation and
prevalence of eye diseases such as dry eye diseases, glaucoma, eye allergy, eye
infections, retinal disorders, and others. The increasing geriatric population
will help support the eye drop market growth in Malaysia. Also, technological
advancements in the healthcare that facilitate new product launching, in turn,
strengthens the growth of the market through 2028” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Malaysia
Eye Drop Market, By Type (Prescription, Over the Counter), By Drug Class
(Antiallergy, Anti-inflammatory, Antiglaucoma, Anti-VEGF, Others), By Disease
Indication (Dry Eye Diseases, Glaucoma, Eye Allergy, Eye Infections, Retinal
Disorders, Others), By Distribution Channel (Hospitals Pharmacy, Retail
Pharmacy, Online Pharmacy), By Region, Competition, Forecast and Opportunities,
2028” has evaluated the
future growth potential of Malaysia eye drop market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in Malaysia eye drop market.
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