Optathalmic Viscosurgical Devices (OVDs) Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2029
Overview
Optathalmic Viscosurgical Devices (OVDs) Market is expected to reach US$ 736.29 Bn. by 2029 from US$ 406.41 Bn. in 2022 at a CAGR of 8.86% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Optathalmic Viscosurgical Devices (OVDs) Definition:
Viscosurgery is a term used to designate the procedures and manipulations performed with viscoelastic. The aim of viscosurgery is the prevention of tissue damage, wider apace for manipulation, to avoid adhesions post-operatively.
Global Optathalmic Viscosurgical Devices (OVDs) Market Dynamics:
Ophthalmic viscosurgical devices (OVDs) or viscoelastic agents are becoming a necessity in many ophthalmological procedures today. The improved technology of OVD in cataract removal and lens replacement surgery drives the global market. Growing surgical demands and product designing of the OVDs that measure the surgically important rheologic properties of the individuals is opportunistic for the growth of the market.
Comparison among the available products of the OVDs for the significant improvement in them is the key strategy of the OVDs product manufacturing key players to grow the business among developed regions. The increasing demand for the OVDs in Cataract surgeries, Corneal Surgeries, Glaucoma Surgeries as well as in posterior segment surgeries is fostering the growth of the global market.
Global Optathalmic Viscosurgical Devices (OVDs) Market Segment Analysis:
The report groups the Global Optathalmic Viscosurgical Devices (OVDs) Market in different segments By Product Type, Application, End-User and Region to forecast the revenues and analyze the market share of each segment over the forecast period.
Based on Product Type, the Global Optathalmic Viscosurgical Devices Market is segmented into Dispersive OVDs and Cohesive OVDs. Dispersive Ophthalmic viscoelastic devices (OVDs) used during small-incision cataract surgery have numerous advantages. Dispersive OVDs have a longer retention time in an eye after surgery resulting in intraocular pressure (IOP) spikes.
Dispersive OVDs spread easily and uniformly, adhere to tissues, and coat the corneal endothelium to protect against ultrasonic waves during cataract surgery. To benefit from their physical properties, a softshell technique was developed for cataract surgery, which involves using dispersive OVDs. These factors increase the demand for the dispersive OVDs among hospitals/end users and commanded the largest share of xx% in the global market.
The global demand for OVDs for cataract Surgeries is expected to contribute to the largest market share of xx% in the global market.
A cataract is the leading cause of blindness in the world and affects approximately 18 million peoples, 90% of them in low and middle-income countries. A recent study in Africa, China, and poor counties of Asia has demonstrated that successful cataract surgery in previously blind individuals can improve a household’s economic status. This suggests that cataract surgery should be an integral part of strategies designed to reduce poverty.
Global Optathalmic Viscosurgical Devices (OVDs) Market Regional Insights:
North America is anticipated to hold the largest share of xx% in the global ophthalmic viscosurgical devices market, followed by Europe.
Increasing incidences of cataracts, availability of advanced technologies regarding OVDs devices are driving the global market in North America. The presence of qualified professionals and knowledge among them for the operation of OVDs devices make the devices available in the hospitals in this region. Cataract treatment procedures in North America are evolving thanks to new phaco systems and innovative surgical techniques. The knowledge of new techniques and advances in the OVDs as well as their better performance in routine and complicated surgeries are driving the global market in this region.
The objective of the report is to present a comprehensive analysis of the Global Optathalmic Viscosurgical Devices (OVDs) Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Optathalmic Viscosurgical Devices (OVDs) Market dynamics, structure by analyzing the market segments and projects the Global Optathalmic Viscosurgical Devices (OVDs) Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Optathalmic Viscosurgical Devices (OVDs) Market make the report investor’s guide.
Scope of the Global Optathalmic Viscosurgical Devices (OVDs) Market Report: Inquire before buying
| Optathalmic Viscosurgical Devices (OVDs) Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US$ 406.41 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 8.86% | Market Size in 2029: | US$ 736.29 Bn. |
| Segments Covered: | by Product Type | • Dispersive OVDs • Cohesive OVDs |
|
| by Application | • Cataract Surgery • Vitreoretinal Surgery • Refractive Surgery • Keratoplasty |
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| by End-User | • Hospitals • Clinics • Ophthalmology Clinic • Others |
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Optathalmic Viscosurgical Devices (OVDs) Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Global Optathalmic Viscosurgical Devices (OVDs) Market Key Players:
• Alcon Laboratories
• Novartis AG
• Zhejiang Jingjia Medical Technology Co.Ltd.
• Carl Zeiss Meditec AG
• Abbott Medical Optics Inc.
• Johnson & Johnson
• Bausch & Lomb Inc.
• Lifecore Biomedical LLC
• Rumex International Company
• EyeKon Medical Inc.
• Ophtechnics Unlimited
• Rayner Intraocular Lenses Limited
• Bohus Biotech AB
• Beaver-Visitec International Inc.
• Amring pharmaceutical Inc.
• Precision Lens
Frequently Asked Questions:
1. Which region has the largest share in Global Optathalmic Viscosurgical Devices (OVDs) Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Optathalmic Viscosurgical Devices (OVDs) Market?
Ans: The Global Optathalmic Viscosurgical Devices (OVDs) Market is growing at a CAGR of 8.86 % during forecasting period 2023-2029.
3. What is scope of the Global Optathalmic Viscosurgical Devices (OVDs) Market report?
Ans: Global Optathalmic Viscosurgical Devices (OVDs) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Optathalmic Viscosurgical Devices (OVDs) Market?
Ans: The important key players in the Global Optathalmic Viscosurgical Devices (OVDs) Market are – Alcon Laboratories, Novartis AG, Zhejiang Jingjia Medical Technology Co.Ltd., Carl Zeiss Meditec AG, Abbott Medical Optics Inc., Johnson & Johnson, Bausch & Lomb Inc., Lifecore Biomedical LLC, Rumex International Company, EyeKon Medical Inc., Ophtechnics Unlimited, Rayner Intraocular Lenses Limited, Bohus Biotech AB, Beaver-Visitec International Inc., Amring pharmaceutical Inc., and Precision Lens
5. What is the study period of this Market?
Ans: The Global Optathalmic Viscosurgical Devices (OVDs Market is studied from 2022 to 2029.