Trading In Optical Products Companies in Malaysia

The Malaysian optical products market is expected to grow at a CAGR of 6.2% during the forecast period of 2019-2024. The market is driven by factors such as the growing middle-class population, rising disposable incomes, and the increasing awareness of the importance of eye health.

The market is highly competitive with a large number of local and international players. The key players in the market are Berjaya Corporation Berhad, Hoya Corporation, Luxottica Group, Nikon Corporation, and ZEISS International.

The market is segmented by product type into spectacles, contact lenses, and ophthalmic instruments. Spectacles are further segmented into prescription spectacles and non-prescription spectacles. Contact lenses are further segmented into corrective lenses and cosmetic lenses.

Ophthalmic instruments are used for the diagnosis and treatment of eye diseases. The key ophthalmic instruments used in Malaysia are fundus cameras, optical coherence tomography (OCT) devices, and ultrasound biomicroscopy (UBM) devices.

The market is also segmented by end-user into hospitals, ophthalmology clinics, and optometry clinics.

The spectacles segment is expected to grow at the