0

Ophthalmic Viscoelastic Devices (OVD) Market Expected to Reach $3,226 Million, by 2026

 
2022
Ophthalmic Viscoelastic Devices (OVD) Market

Report Code : A04994

quote The growth in ophthalmic viscoelastic devices market is due to surge in prevalence of cataract and glaucoma across the globe. Furthermore, surge adoption of viscoelastic devices in various eyes surgeries is another factor that contributes to the growth of the market. quote

Onkar Sumant
Assistant Manager, Healthcare at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Ophthalmic Viscoelastic Devices Market by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019 - 2026", the global ophthalmic viscoelastic devices market was valued at $2,332 million in 2018, and is projected to reach $3,226 million by 2026, growing at a CAGR of 4.12% from 2019 to 2026.

Ophthalmic viscoelastic devices have transformed the way eye-related surgeries are performed. For instance, glaucoma surgery and cataract surgeries have revolutionized, in a way that the term “viscosurgery” is now being used to designate surgical procedures involving these solutions. Ophthalmic viscoelastic devices are regularly used in cataract surgeries to guard delicate optical structures and compartmentalize inside the eye. These devices are used to pressurize the anterior chamber and offer a quicker and safer surgery along with an improved visual recovery for the patients. The very first commercially launched OVD, Healon, has reformed cataract surgery for good and have started a new league of surgical products. The market for ophthalmic viscoelastic devices has witnessed tremendous growth in the recent years, owing to rise in patient preference toward ophthalmic viscoelastic devices during the surgical procedure.

The major factor that boost the growth of the OVD market are surge in prevalence of cataract and glaucoma across the globe. Rise in geriatric population, which serves as a potential patient base as they are more prone to eye diseases is another factor that contributes toward the growth of this market. In addition, surge in adoption of ophthalmic viscoelastic devices during surgical procedures as compared to air bubble, which was previously used during the eye-related surgical procedures and increase in government initiatives to control visual impairment are anticipated to propel the market growth. However, low income and lack of proper medical attention in the developing countries hamper the growth of the ophthalmic viscoelastic devices market. Rise in disposable incomes of the global population is also anticipated to provide lucrative opportunities for the market during the forecast period.

On the basis of product, the cohesive segment was a major revenue contributor in 2018. In addition, this segment is expected to maintain its dominant position throughout the analysis period due to the wide array of benefits they provide in cataract surgery such as creating and maintain space in the anterior segment of the eye, inflation of capsular bag prior to lens implantation and reduction of deleterious vector forces. Moreover, cohesive ophthalmic viscoelastic are easier to remove from the eye post-surgery, which serves as another major advantage for the growth of this market. 

According to application, the cataract surgeries in the application segment generated the highest revenue in 2018 owing to surge in prevalence of cataract across the globe. Moreover, the major factor that contribute toward the growth of this segment include wide array of benefits that ophthalmic viscoelastic devices offer in cataract surgeries. For instance, these devices help in creating and maintaining space in the anterior segment of the eye. In addition, increase in geriatric population has driven the demand for the use of ophthalmic viscoelastic devices worldwide. Furthermore, the glaucoma surgery segment is expected to exhibit fastest growth owing to the advancements in the surgical techniques and rise in the use of glaucoma drainage implants. 

In 2018, North America accounted for the major share of ophthalmic viscoelastic devices market size and is expected to continue this trend owing to, presence of skilled ophthalmologists and easy availability of these devices. Moreover, high prevalence of cataract and rise in government initiatives to prevent visual impairment contribute to the growth of this market. On the other side, Asia-Pacific is estimated to register the fastest growth during the forecast period

Key Findings of the Ophthalmic Viscoelastic Devices Market :

  • Glaucoma accounted for approximately one-fourth share of the market in 2018.
  • North America accounted for more than one-third market share in 2018 and is expected to maintain this trend throughout the forecast period.
  • The ophthalmic clinics in the end user segment is anticipated to grow at a CAGR of 5.05% from 2018 to 2025.
  • The cohesive ophthalmic viscoelastic accounted for two-third share of the market in 2018.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Ophthalmic Viscoelastic Devices (OVD) Market by Product Type (Cohesive Ophthalmic Viscoelastic, and Dispersive Ophthalmic Viscoelastic), Application (Cataract Surgery, Glaucoma Surgery, Corneal Transplant and Vitreoretinal Surgery), and End User (Hospital, Ophthalmology Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Ophthalmic Viscoelastic Devices (OVD) Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers