Ophthalmic Viscoelastic devices Market Industry Trends and Development 2017-2027

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 Market Research Future adds new report of “Ophthalmic Viscoelastic devices Market Research Report” it contains Company information, geographical data and Table of Content

Ophthalmic Viscoelastic Devices (OVD) market information: by types (cohesive ophthalmic viscoelastic devices (OVDS), dispersive ophthalmic viscoelastic devices (OVDS)) by application (cataract surgery, glaucoma surgery, corneal transplantation, vitreoretinal surgery) by end-user (ophthalmic clinics & phaco centers, hospitals, academic & research institutes) – Global Forecast till 2027

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Market Synopsis of Global Ophthalmic Viscoelastic devices Market:

Market scenario:

Ophthalmic viscoelastic devices (OVDs) are regarded as a standard tool used in the ophthalmic surgeries. Over the last decade, OVDs had acquired a lot of attention owing to their properties and advantages. Sodium Hyaluronate is the most widely used OVD material. OVD has a great impact on ophthalmic surgeries, especially cataract surgeries and other intraocular lens implantation. Many studies had proven that use of OVD has increased the success rate of the surgeries.

The major driving factor for the ophthalmic viscoelastic devices market are increasing number of cataract and glaucoma surgeries across the globe, developments in OVDs and favourable reimbursement policies. On the other hand lack of general awareness and availability of alternative therapy has restrained the growth of the market.

Considering all these factors the market for ophthalmic viscoelastic devices (OVD) is expected to reach $ 1,203.26 million by the end of 2027, this market is projected to growing at a CAGR of ~ 11.6 % during 2017-2027.

.Segmentation

The global ophthalmic viscoelastic devices (OVD) market is segmented

  • on the basis of types, application and end users. Based on types, the market has been segmented as cohesive ophthalmic viscoelastic devices (OVD) and dispersive ophthalmic viscoelastic devices (OVD).
  • Based on the application, the market has been segmented as cataract surgery, glaucoma surgery, corneal transplantation and vitreoretinal surgery.
  • Based on the end users, the market has been segmented as ophthalmic clinics & phaco centers, hospitals and academic & research institutes.

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Key players of Global Ophthalmic Viscoelastic Devices (OVD) Market:

  • Johnson & Johnson
  • Alcon Laboratories Inc.
  • Bausch & Lomb
  • Carl Zeiss AG
  • Rayner Company
  • Bohus BioTech AB
  • Lifecore Biomedical LLC

The report for Global Ophthalmic Viscoelastic Devices (OVD) Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

Key finding

The global ophthalmic viscoelastic devices (OVDs) market is growing at a growth rate of 11.59% during the period 2017-2027. Increasing prevalence of cataract and glaucoma surgeries, advances in the ophthalmic viscoelastic devices, and the increasing diabetic population are some of the major factors responsible for market growth.

Currently, cohesive OVDs accounts for the largest market share in the global scenario due to their advantages and long history. They are easily removed from the eye, they have high molecular weight and high viscosity, making them the perfect agent for maintaining the space. There has been significant growth in the demand for the cohesive OVDs.

Johnson & Johnson, Alcon Laboratories, Inc., Bausch & Lomb, Carl Zeiss AG are some of the prominent market players in the ophthalmic viscoelastic devices (OVDs) market.

Regional Analysis

On regional basis, North America has the largest market of Ophthalmic Viscoelastic devices.  Due to the increasing diabetic and obese population in this region, these have become a major driving factor for this market’s growth. Moreover increasing government’s support has also lead to the growth of this market. Europe is the second largest market due to increasing aging population and technological advances here. Emerging economies like India and China in Asia-Pacific region has provided to be a fuel for the growth of this market here.  Middle East and Africa contributes less to this market’s growth.

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Market Assessment
The report of global Ophthalmic Viscoelastic devices market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the market’s segments and regions.

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