1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
Malaysia Eyewear Market By Type (Spectacles and Contact Lenses), By Sunglasses and Eyeglasses and By Sales Channel - Outlook to 2021

Malaysia Eyewear Market By Type (Spectacles and Contact Lenses), By Sunglasses and Eyeglasses and By Sales Channel - Outlook to 2021

  • November 2017
  • 148 pages
  • ID: 5336809

Summary

Table of Contents

Executive Summary
The report titled “Malaysia Eyewear Market by Type (Spectacles and Contact Lenses), By Sunglasses and Eyeglasses and By Sales Channel - Outlook to 2021” which provides an extensive analysis of Eye care products market in Malaysia. The report covers market size on the basis of revenue, market segmentation by spectacles and contact lenses, by type of spectacle glasses, spectacle frames and glasses, type of contact lenses, contact lens replacement time and by distribution channel.

The report also includes the government initiatives and regulations in Malaysia eyewear market, competitive landscape and company profiles for major players in the eyewear market. The report provides detailed overview on the future outlook & projections with future strategies of the players in the market.

The report facilitates the readers with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for eyewear manufacturers, importers, wholesalers, retailers, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.

Industry Overview
Malaysia is the third largest economy in Southeast Asia. The country was ranked 23rd most competitive country in the world for the period of 2017-2018. The monthly household income of Malaysians has increased at an annual rate of 6.6% from 2014 to 2016.

Malaysia is one among the countries in the world where the vision impairments like myopia, hyperopia and presbyopia are rising at an alarming rate. Largely, owing to the increased demand for prescription glasses the eyewear market in Malaysia has grown at a CAGR of 6.4% during the review period 2011-2016. There is also a significant demand for sunglasses in the country.

Malaysians are highly price conscious due to which the major players in the country offer branded eyewear products at discounted and affordable prices. Moreover, the optical shops in the country hold sales and promotional activities to attract a larger lot of Malay customers and also to accommodate the evolving consumer behavior, many optical shops have refurbished their existing store layouts to an open concept store layout.

Market Segmentation
In terms of revenue generation, spectacles dominated the eyewear market as of 2016 followed by contact lenses. While categorizing the market into spectacle glasses and spectacle frames in terms of revenue generation, spectacle glasses dominated the Malaysia eyewear market. Glasses has higher replacement rate in comparison to frames and since Malaysians are price conscious when lens replacement demand arises they would prefer replacing their glasses and not the frames, if they already possess one.

In 2016, eyeglasses held a higher share than the sunglasses. Such domination was supported by the rising rate of vision impairments in the country.

It held a share of ~% in the overall market revenue. It was followed by sunglasses in 2016.

In terms of revenue, branded spectacles dominated the Malaysia eyewear market with a share of ~% in 2016 followed by unbranded products that accounted for a share of ~% in the market in the same year.

Optical shops are the most preferred distribution channel in the Malaysia eyewear market. They are widely spread over the various parts if the country in both rural and urban areas and are easily accessible. Optical shops have been consistently dominating the market from the past six years with more than 80.0% share in the market revenue. However, during the review period a gradual fall in the channel’s market share can be observed owing to the rising presence of other channels in the market.

Clear spherical lenses dominated the market in terms of revenue from contact lenses in 2016. The rate of hyperopia has seen a decline in the year 2016.

However, the prevalence of hyperopia population in the country also contributes to the increased revenue from the sale of clear spherical contact lenses. Hyperopia among the children aged between 6-12 years is over 14.0%. Clear spherical lenses like other contact lenses are sold only based on a valid prescription at eye care clinics or optical shops in the country.

Toric lenses are used to correct astigmatism and it accounted for a share of ~% in 2016. Monthly disposable lenses contributed a higher share in the revenue derived from the sale of contact lenses in Malaysia.

It accounted for a share of ~% in 2016. Daily and bi-weekly disposable contact lenses held a share of ~% in the contact lens market of the country as of 2016.

Competitive Landscape
Malaysia Eyewear market has been dominated by the increased demand for prescription glasses among the people owing to the rising rate of myopia, hyperopia and presbyopia. Hence, the top players in the market includes increasingly known for prescription glasses and contact lenses such as Essilor, Carl Zeiss, Hoya Corp., Johnson & Johnson and others.

The major players in the market include manufacturers and retailers. In 2016, more than ~% share in terms of revenue in the market is held by eyewear manufacturers and retailers originated from countries like Italy, France, US, Germany, Switzerland and other countries.

Major manufacturers present in the market are Luxottica, Johnson and Johnson, Hoya Corp and others who compete on the basis of the number of in-house and licensed brands, price range, product variants of each brand, type of glasses and other parameters. Retailers include optical shops like Focus Point and many more that compete against each other on the basis of brands available in the shop, type of glasses offered, retail price, product variety, design of frames, type of glasses available in the store, sales and promotional activities and similar related features.

Future Potential of Malaysia Eyewear Market
Eyewear market of Malaysia is anticipated to showcase a decent growth at a CAGR of ~% during the forecast period 2016-2021. Certain factors that shall drive market growth during the forecast period are increasing rate of myopia, rising number of aging population, increased acceptance of contact lenses, changing fashion trends in the country and others.

The most preferred choice of spectacles among the Malaysians is expected to be influenced from Korean fashion trends during the forecast period. In addition, an introduction of more entry-level branded sunglasses at relatively affordable prices is expected to be witnessed in the market. The availability of affordably priced sunglasses is expected to assist in stimulating the growth of sunglasses.

Key Topics Covered in the Report:
• Malaysia Eyewear Market Overview and Genesis
• Value Chain Analysis of the Malaysia Eyewear Market
• Malaysia Eyewear Market Size
• Malaysia Eyewear Market Segmentation
• Government Initiatives and Regulations on the Malaysia Eyewear Market
• Trends and Developments in the Malaysia Eyewear Market
• Trade Scenario in the Malaysia Eyewear Market
• Consumer Profile In Malaysia Eyewear Market
• SWOT Analysis for Malaysia Eyewear Market
• Competitive Landscape of Major Players in the Malaysia Eyewear Market
• Future Outlook and Projections of the Malaysia Eyewear Market
• Macroeconomic Factors affecting the Malaysia Eyewear Market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Intraocular Lens Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Intraocular Lens Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • $ 4795
  • Industry report
  • July 2018
  • by Infinium

The report on global intraocular lens market provides qualitative and quantitative analysis for the period of 2016 to 2024.The report predicts the global intraocular lens market to grow with a CAGR of ...

Global Ophthalmic Devices Market 2018-2028

Global Ophthalmic Devices Market 2018-2028

  • $ 3628
  • Industry report
  • June 2018
  • by Visiongain

Vision Care, Surgical, Diagnostics and Monitoring, OCT Machines, Autorefractor/Keratometer, Fundus Camera, Slit Lamp, OR Microscope, Optical Biometry, Tonometer, Perimeter, Cataract Surgery, Refractive ...

Global Ophthalmics Partnering 2012-2018: Deal trends, players and financials

Global Ophthalmics Partnering 2012-2018: Deal trends, players and financials

  • $ 2995
  • Industry report
  • October 2018
  • by Currentpartnering

Global Ophthalmics Partnering 2012 to 2018 provides the full collection of Ophthalmics disease deals signed between the world’s pharmaceutical and biotechnology companies since 2012.Trends in Ophthalmics ...


Download Unlimited Documents from Trusted Public Sources

Global Eyewear Industry

  • August 2018
    5 pages
  • Eyewear  

    Pharmaceutical  

    Ophthalmology  

  • United States  

    World  

    India  

View report >

Eyewear Markets - Forecast

  • July 2018
    11 pages
  • Eyewear  

  • China  

    Philippines  

    United States  

View report >

Global Medical Device Market

  • May 2018
    16 pages
  • Healthcare  

    Medical Device  

    Medical Equipme...  

  • World  

View report >

Eyewear Supply in Italy 10 months ago

Eyewear Markets 10 months ago

Eyewear Markets 10 months ago

Eyewear Statistics 10 months ago


ref:plp2017

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on