Malaysia Eye Care Market to be Dominated by the Contact Lens Segment through 2028
Increasing awareness about eye care is
expected to drive the Malaysia eye care market in the forecast period,
2024-2028.
According
to TechSci Research report, “Malaysia Eye Care Market – By Region,
Competition, Forecast and Opportunities, 2028”, the Malaysia eye care
market is anticipated to grow at a significant rate in the forecast period. The
eye care market in Malaysia is witnessing significant growth, driven by the
rising digitalization and serviceability of e-commerce platforms. The Malaysian
government has also taken several initiatives to promote eye care products
awareness and management, which has further contributed to the rising demand
for eye cares. With the increasing use of digital devices and prolonged screen
time, eye care has become a crucial concern for many Malaysians. The e-commerce
industry has made it more accessible for individuals to access eye care
products, which has resulted in the growth of the industry in the country. One
of the primary reasons why the e-commerce industry has been successful in
driving the eye care market in Malaysia is convenience. Traditional eye care
products and services were only available in physical stores, which could be
time-consuming and inconvenient for many individuals. However, with the rise of
e-commerce platforms, consumers can now purchase eye care products with just a
few clicks from the comfort of their homes. This convenience has resulted in
increased demand for eye care products and services, which has contributed to
the growth of the industry. Furthermore, current technological developments in
the healthcare industry, particularly those pertaining to eye care, is likely
to fuel the Malaysia eye care market over the forecast period.
However,
the cost of eye cares and the associated consumables, such as test strips can
be a barrier to access for some individuals, particularly those from low-income
backgrounds, and their low accuracy may hamper the growth of the market in the
forecast period.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on “Malaysia Eye Care Market.”
The
Malaysia eye care market is segmented into product type, application, end
users, region, and company.
Based
on product type, the market is divided into self-monitoring glucose devices and
continuous glucose monitoring devices. The segment self-monitoring glucose
devices is expected to witness a rise over the forecast period. This is
attributed to the rising healthcare expenditure and technological advancements
in healthcare devices, which is anticipated to support market growth in the
future.
Based
on application, the market is divided into type 1 diabetes, type 2 diabetes,
and gestational diabetes. The segment, type 2 diabetes is expected to witness a
rise over the forecast period. This is attributed to the rising cases of this
type of diabetes among people of Malaysia due to lifestyle changes.
Based
on end user, the market is divided into home care settings, hospital, and
others. The hospital segment is expected to witness a rise over the forecast
period. This is attributed to the rising number of hospitals in Malaysia.
Major
companies operating in Malaysia eye care market are:
- Abbott
- Roche
- Johnson
& Johnson
- Braun
Medical Industries
- Siemens
Healthcare
- Transmedic
Healthcare.
- Medtronic
- NovoNordisk
- Dexcom
- Ascensia
Diabetes Care
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“Malaysia
eye care market is expected to witness a significant growth in the upcoming
years, due to the growing number of hospitals in the nation. In Malaysia, the
health care system is controlled by the Ministry of Health, which means that
treatments are deemed to be reliable, safe, and effective. The increasing
geriatric population and rising prevalence of chronic diseases associated with
them, such as, Type 1 diabetes, type 2 diabetes, and gestational diabetes will
drive a notable market segment in Malaysia. Also, technological advancements in
the medical devices, in turn, might strengthen 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 Care Market, By Product Type (Eyeglasses, Contact Lens, Intraocular Lens,
Eye Drops, Eye Vitamins, and Others), By Coating (Anti-Glare, UV, and Others),
By Lens Material (Normal Glass, Polycarbonate, Trivex, and Others), By
Distribution Channel (Retail Stores, E-Commerce, Clinics, and Hospitals), By
Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth potential
of Malaysia eye care 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
care market.
Contact
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