Malaysia Ophthalmic Drugs Market Size & Outlook, 2023-2030
Malaysia ophthalmic drugs market, 2018-2030 (US$M)
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Malaysia ophthalmic drugs market highlights
- The Malaysia ophthalmic drugs market generated a revenue of USD 147.2 million in 2023 and is expected to reach USD 295.0 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, anti-vegf agents was the largest revenue generating drug class in 2023.
- Anti-VEGF agents is the most lucrative drug class segment registering the fastest growth during the forecast period.
Ophthalmic drugs market data book summary
| Market revenue in 2023 | USD 147.2 million |
| Market revenue in 2030 | USD 295.0 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Anti-VEGF agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Allergy, Anti-VEGF agents, Anti-inflammatory, Anti-glaucoma |
| Key market players worldwide | Pfizer Inc, Alcon Inc, Novartis AG ADR, Bausch Health Companies Inc, Merck & Co Inc, Regeneron Pharmaceuticals Inc, AbbVie Inc, Bayer AG, Genentech, Nicox SA Share from reverse split, Coherus BioSciences Inc |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.4% of the global ophthalmic drugs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- Indonesia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,204.9 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia ophthalmic drugs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ophthalmic drugs market will help companies and investors design strategic landscapes.
Anti-vegf agents was the largest segment with a revenue share of 32.88% in 2023. Horizon Databook has segmented the Malaysia ophthalmic drugs market based on anti-allergy, anti-vegf agents, anti-inflammatory, anti-glaucoma covering the revenue growth of each sub-segment from 2018 to 2030.
Various key players are engaged in geographic expansion to provide access to the treatment of retinal disorders in Malaysia due to an increase in demand. Glaucoma is the leading cause of blindness in the country. According to WHO, 50% of global glaucoma cases are mostly from Asian countries, with Malaysia accounting for major prevalence.
However, high costs and risks associated with eye surgery and treatment, a lack of health insurance among the population, especially in developing countries, and a lengthy time period for manufacturing and formulating ophthalmic drugs are expected to restrain the ophthalmology market in the country during the forecast period.
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Target buyers of Malaysia ophthalmic drugs market databook
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Our clientele includes a mix of ophthalmic drugs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Malaysia Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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