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Home Health Care General Healthcare Malaysia Ophthalmology Total Revenue for the period (2015-20) CAGR of 7.7%. Will...

Malaysia Ophthalmology Total Revenue for the period (2015-20) CAGR of 7.7%. Will Malaysia be able to grow further?:- Ken Research

1. Specialization of the Doctor along with the location of the Clinic/Hospitals are the major factors while deciding on the Clinic for Ophthalmology.

Malaysia Ophthalmology MarketTo Know More about this report, download a Free Sample Report

  • 5%-10% of the eye consultations turning to eye surgeries.
  • The surgery fee varied from MYR 2,000 to MYR 10,000 depending on the type of surgery. Length of Stay is generally up to 23 Hours. A patient visits clinic 1-2 times before the surgery and 1 visit post-surgery (generally included in package).
  • Doctor Specialization and Experience is the major parameter a Patient takes into consideration while making an appointment with an Ophthalmologist. Specialization in required surgeries builds confidence in the Patient to get their Treatment from that doctor. For ex: Some Clinics have Vitreoretinal Surgeons, Refractive Surgeons etc.
  • Hospitals with Strong Brand Name in Eye Care Services attracts Patients. Services such as shorter waiting time Availability of Ophthalmologists, Operating Area, Operating Hours, Pre-Surgery Test Facilities etc. helps the Patients to identify the best Clinic as per their convenience.
  • Before taking an appointment with a New Ophthalmology Clinic, Service Portfolio is analyzed basis multiple Consultations and Surgeries the clinic offers. For Ex: Some Clinic Offers RELEX SMILE while others are also offering FEMTO-LASIK.
  • Location of a Clinic/ Hospital from the Patient’s location is equally important. For Consultations a Patient takes Appointment in the Clinic closer to the place, however for Surgeries locations of the Doctor with Specialization is selected.
  • Surgery Price Package is analyzed before making decision for the Surgery. Package of the Surgery generally include Pre & Post Surgery Appointments with the Doctor and Required Tests to conduct before the surgery.

2. Increasing No. of Private Insurance Players & Coverage Premiums for Ophthalmology cases.

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  • Increase in Private Insurance coverage encourages more people to seek private medical services, including ophthalmology related medical procedures that are subsidized by insurance.
  • Ophthalmology clinics are in partner with Major Insurance Companies to provide Cataract surgery related claims. For instance: ISEC has partnered with some Insurance companies and 3rd Party Administrators to ease down the claim process. Major insurance companies include AIA, Prudential BSN Takaful, eTiQa Archipelago Insurance etc.
  • Health insurance provides some financial protection against medical & surgical expenses, which normally includes cataract & other eye diseases, but not refractive error & other eye-related cosmetic surgeries.

For more insights on the market intelligence, refer to the link below:-

Malaysia Ophthalmology Market

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