Ophthalmic Viscoelastic Devices (OVD) Market-Increasing Demand for New Technologies in Ophthalmology to Accelerate the Growth of the Market

Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a Cooked research report on “Global  Ophthalmic Viscoelastic Devices (OVD) Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Ophthalmic Viscoelastic Devices (OVD) Market-Overview

There are number of devices used in ophthalmic surgeries. Ophthalmic viscoelastic device (OVD) is one of the most widely used tool in ophthalmology. Sodium hyaluronate is a material used in OVDs. OVD are especially used in cataract surgeries and other intraocular lens implantation. Technological advancement in the field of ophthalmology is an important driver for the growth of the market. Furthermore, increasing prevalence of eye diseases such as cataract as well as increasing number of ophthalmic surgeries accelerate the growth of the market.

According to Novartis Healthcare in 2015, nearly 4 million cataract surgeries were performed in the U.S. every year. Moreover, 19,216 ophthalmologists are present in the US. Increasing prevalence of the people suffering from visual impairment and increasing healthcare expenditure is the major driving factor for growth of market in Americas.

Key Players in the Ophthalmic Viscoelastic Devices (OVD) Market:

The global ophthalmic viscoelastic devices (OVD) market is highly fragmented with the presence of many local players and international players. The main focus of these players is cost reduction and innovation to ensure sustainability. In addition, the international players implemented growth strategies through collaborations and partnerships to expand their overall market share.

Some of the key players operating in the global ophthalmic viscoelastic devices (OVD) are Johnson & Johnson, Alcon Laboratories Inc., Bausch & Lomb, Carl Zeiss AG, Rayner Company, Bohus BioTech AB, Lifecore Biomedical LLC, and others.

Key Developments and Strategies:

Strategic approaches adopted help the major players in the market to sustain their growth and develop their business in various geographical areas across the globe. Agreements and collaborations, mergers and acquisitions, and new product launches are various strategies followed by the key players. Additionally, the market is also driven by key players concentrating on key players in the market.

Carl Zeiss AG:

Carl Zeiss AG is a German manufacturer medical devices, optical systems and many more. Company was founded in 1846 by optician Carl Zeiss in Oberkochen, Germany. Company’s vision care focus on development, manufacturing and distribution of the products. Zeiss is well known for its ophthalmic lenses.

Johnson & Johnson:

Johnson & Johnson is a global pharmaceutical and consumer goods manufacturer headquartered in New Jersey, USA. J&J is one of the largest healthcare company in the world. Johnson & Johnson Vision Care is a business unit of Johnson & Johnson established in 1988 and headquartered in Jacksonville (Florida), USA which focuses on manufacture, and sale of ophthalmic products.

• February, 2017: Johnson & Johnson announces agreement to acquire Abbott Medical Optics Inc. This acquisition has strengthen the vision care by adding cataract and refractive eye surgery in their portfolio.


• HEALON OVD, HEALON5 OVD, HEALON EndoCoat OVD, HEALON GV OVD, and HEALON Duet Dual Pack are various products provided by Johnson & Johnson in the OVDs market.

Alcon laboratories, Inc.:

Founded in 1945, Alcon laboratories, Inc. is a company operating in eye care products. The company focuses of development, manufacturing and sales of the pharmaceuticals and vision care products. Alcon is the global market leader in eye care due to its wide range of eye care products. Alcon is an American company headquartered in Hunenberg, Switzerland.

Rayner Company:

• October, 2016: Rayner Company completed the acquisition of Moorfields Pharmaceuticals. This acquisition will increase the range of ophthalmic tools that aid and streamline the surgical process.


• July, 2016: Rayner announced its direct entry into the Italian and Spanish cataract market. This will help the company to expand in new geographical market, and strengthen the company presence across the globe.


• March, 2016: Rayner Company announced the launch of new Ophthalmic Visco-Surgical Devices (OVD): Ophteis FR Pro. Company assured that these product will give excellent all-round performance at every stage of surgery.


• July, 2015: Rayner announced the acquisition of viscoelastic device products from Aptissen SA as well as assets in their R&D portfolio. Aptissen SA is headquartered in Geneva, Switzerland.


• C-flex Aspheric monofocal IOL range (970C), C-flex Aspheric monofocal IOL render, Superflex Aspheric monofocal IOL range (920H), Superflex Aspheric monofocal IOL render, T-flex Aspheric Toric IOL (573T and 623T), T-flex Aspheric toric IOL render, Sulcoflex Pseudophakic Supplementary, and Aspheric IOL (653L) are various products offered by the

Rayner Company under care in Egypt. This is one of the key strategic approaches followed by the company to attain growth and expand product portfolio.

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