Ophthalmic Viscoelastic Devices (OVD) Market Is Expected To Witness A High Growth Due To Rising Cataract Surgeries, At A CAGR Of 11.60% From 2023-2030

Pune, India, July 25, 2022/MRFR Press Release/- Market research future has a cooked research report on global ophthalmic viscoelastic devices (OVD) market. The global ophthalmic viscoelastic devices (OVD) market is growing at a rate of 11.60 % and is expected show a similar trend during the forecast period.

Market Highlights

The ophthalmic viscoelastic devices (OVDs) are the viscoelastic solution used during eye surgery for intent to coat and protect delicate intraocular tissues. This new technique is used in cataract, glaucoma, corneal, and vitreoretinal surgeries. The major driving factor for the market are increasing number of cataract and glaucoma surgeries, favourable reimbursement policies and developments in OVDs. Rising geriatric population, and increasing diabetic population has also contributed in the growth of the market. Whereas, lack of general awareness among people about eye disorders has restrained the growth of market.

Rising number of ophthalmic surgeries is the main driver for the global ophthalmic viscoelastic devices market. The global ophthalmic viscoelastic devices market is majorly segmented on the basis of type, application, end user and regions. The global ophthalmic viscoelastic devices market on the type, is segmented into cohesive OVDs, dispersive OVDs and others. Being costlier than dispersive OVDs, Cohesive OVDs segment accounts the largest market share of the global ophthalmic viscoelastic devices market by type.

On the basis of application, the market is segmented into cataract surgery, glaucoma surgery, corneal transplantation, vitreoretinal surgery and others. Cataract surgery is the most common ophthalmic surgery as majority of people are suffering from cataract. According to World Health Organization (WHO), cataract is responsible for 51% of world blindness and is one of the important cause for causing of vision loss in developing countries. Due to this cataract surgery segment accounts the major share of the market of ophthalmic viscoelastic devices.

Global Ophthalmic Viscoelastic Devices (OVD) Market Players:

Key players profiled in the report are Johnson & Johnson, Alcon Laboratories Inc., Bausch & Lomb, Carl Zeiss AG, Rayner Company, Bohus BioTech AB, Lifecore Biomedical LLC and others.

Test the market data and market information presented through more than 91 market data tables and 33 figures spread over 108 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Ophthalmic Viscoelastic Devices (OVD) Market” Research Report – Forecast to 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.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Ophthalmic Viscoelastic Devices Market Research Report