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.
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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.
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