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    South America Ophthalmic Viscoelastic Devices Market

    ID: MRFR/HC/54235-HCR
    200 Pages
    Rahul Gotadki
    September 2025

    South America Ophthalmic Viscoelastic Devices Market Research Report By Type (Cohesive OVDs, Dispersive OVDs), By Application (Cataract Surgery, Glaucoma Surgery, Corneal Transplantation, Vitreoretinal Surgery), By End User (Ophthalmic Clinics & Phaco Centers, Hospitals, Academic & Research Institutes) and By Regional (Brazil, Mexico, Argentina, Rest of South America)-Forecast to 2035

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    South America Ophthalmic Viscoelastic Devices Market Summary

    The South America Ophthalmic Viscoelastic Devices market is projected to grow from 245.6 USD Million in 2024 to 467 USD Million by 2035.

    Key Market Trends & Highlights

    South America Ophthalmic Viscoelastic Devices Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 6.02% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 467 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 245.6 USD Million, reflecting the current demand for ophthalmic viscoelastic devices.
    • Growing adoption of advanced surgical techniques due to increasing prevalence of eye disorders is a major market driver.

    Market Size & Forecast

    2024 Market Size 245.6 (USD Million)
    2035 Market Size 467 (USD Million)
    CAGR (2025-2035) 6.02%

    Major Players

    AbbVie, Lumenis, Surgerii, Medtronic, Bausch Health, MediDate, Hoya Corporation, Santen Pharmaceutical, EyeCees, Carl Zeiss AG, AMO, Rayner, Alcon, Eye de la Marque, SIBF

    South America Ophthalmic Viscoelastic Devices Market Trends

    The South America ophthalmic viscoelastic devices market is witnessing noteworthy trends driven by increasing eye-related disorders, particularly cataracts and glaucoma, which are becoming more prevalent in the region. The aging population, coupled with lifestyle factors and urbanization, is contributing to a greater demand for surgical procedures, thus enhancing the market for viscoelastic devices.

    Additionally, advancements in surgical technologies and techniques are also key market drivers, as they enable healthcare providers to perform more complex eye surgeries, thereby increasing reliance on these devices for improved outcomes and patient comfort.

    The South America ophthalmic viscoelastic devices market holds notable untapped potential, especially in Brazil and Argentina, which are front runners in performing ophthalmic surgeries. The developing healthcare infrastructure and increased spending on healthcare services will further increase the demand for ophthalmic viscoelastic devices.

    In addition, local manufacturers are starting to make headway, which can lower the prices of products as well as drive innovative change designed specifically for the region. Recent developments show that there is an improvement in the safety and effectiveness of eye surgeries as well as better control of complications with greater use of advanced viscoelastic materials during surgery.

    Patients are increasingly opting for minimally invasive surgical techniques, which are driving the demand for high-quality viscoelastic devices that can facilitate these procedures.

    Collaboration between healthcare providers and medical device manufacturers is also on the rise, aiming to enhance product offerings and ensure that devices meet clinical requirements specific to South America. Overall, these trends highlight a dynamic and growing market in South America that is well-positioned for continued development in the ophthalmic viscoelastic devices sector.

    Market Segment Insights

    South America Ophthalmic Viscoelastic Devices Market Segment Insights

    South America Ophthalmic Viscoelastic Devices Market Segment Insights

    Ophthalmic Viscoelastic Devices Market Type Insights

    Ophthalmic Viscoelastic Devices Market Type Insights

    The South America Ophthalmic Viscoelastic Devices Market demonstrates a diverse Type segmentation with notable categories, including Cohesive Ocular Viscoelastic Devices (OVDs) and Dispersive OVDs. Each of these categories plays a distinct role in ophthalmic surgical procedures, particularly in cataract surgeries and other ocular interventions.

    Cohesive OVDs are well-regarded for their stability and ability to maintain space within the anterior chamber of the eye, making them essential for surgeons aiming for precision and safety during operations. On the other hand, Dispersive OVDs are invaluable due to their capability to protect corneal endothelial cells, which are critical in preserving long-term visual acuity.

    As the demand for ophthalmic surgeries grows within South America, primarily driven by an increasing aging population and rising cases of ocular diseases, the importance of these devices escalates. Moreover, advancements in technology have led to enhanced formulations of both cohesive and dispersive devices, ensuring better outcomes for patients and driving the industry forward.

    The South America Ophthalmic Viscoelastic Devices Market has seen a trend toward the integration of innovative designs and materials, further emphasizing the importance of these segments in achieving successful surgical results. Overall, the continuous development and growing understanding of the respective properties and applications of Cohesive and Dispersive OVDs contribute significantly to market growth in South America.

    Ophthalmic Viscoelastic Devices Market Application Insights

    Ophthalmic Viscoelastic Devices Market Application Insights

    The South America Ophthalmic Viscoelastic Devices Market, particularly in the Application segment, is observing substantial growth driven by various surgical procedures. Cataract Surgery stands out as a key contributor, given the high prevalence of cataracts in the aging population, creating notable demand for effective viscoelastic devices that enhance surgical efficiency.

    Glaucoma Surgery is also on the rise, primarily due to increasing awareness and diagnosis rates related to this chronic condition, leading to a significant market presence. Corneal Transplantation procedures benefit from advancements in technology, as these devices facilitate better surgical outcomes and patient recovery.

    Additionally, Vitreoretinal Surgery is gaining traction, driven by the rising incidence of retinal diseases and enhancing surgical precision. The increasing investment in healthcare infrastructure and the growing geriatric population in South America further bolster the importance of these applications within the South America Ophthalmic Viscoelastic Devices Market. Overall, these applications play a crucial role in addressing the region’s healthcare needs, showcasing a strong trajectory for future growth and innovation.

    Ophthalmic Viscoelastic Devices Market End User Insights

    Ophthalmic Viscoelastic Devices Market End User Insights

    The South America Ophthalmic Viscoelastic Devices Market is significantly shaped by its diverse End User segment, which comprises Ophthalmic Clinics and Phaco Centers, Hospitals, and Academic and Research Institutes. Ophthalmic Clinics and Phaco Centers serve as crucial nodes for procedures utilizing viscoelastic devices, driving demand due to an increasing number of cataract surgeries and advancements in surgical techniques.

    Hospitals play a pivotal role in providing a broad spectrum of ophthalmic care, accommodating various patient needs, which contributes to their essential presence in the market.Meanwhile, Academic and Research Institutes are fundamental in fostering innovation and improvement in ophthalmic procedures, emphasizing the importance of research and development.

    With South America experiencing a growing prevalence of eye-related disorders, there is a promising outlook for these segments, as they are consistently evolving to meet the present healthcare demands, which further highlights their integral role in enhancing patient outcomes and advancing medical practices in the region. The overall landscape is one of gradual growth, with each End User segment playing its part in responding to emerging trends and the evolving healthcare environment.

    Get more detailed insights about South America Ophthalmic Viscoelastic Devices Market Research Report-Forecast to 2035

    Regional Insights

    The South America Ophthalmic Viscoelastic Devices Market is characterized by a diverse regional landscape, with significant contributions from Brazil, Mexico, Argentina, and the Rest of South America. Brazil stands as a key player in this market, driven by its large population and a growing prevalence of eye-related disorders, which necessitates advanced surgical interventions.

    Mexico also plays a vital role, with an increasing healthcare infrastructure and a rise in ophthalmic surgical procedures contributing to market growth. Argentina's emphasis on improving healthcare services, accompanied by an uptick in eye surgeries, creates a substantial demand for ophthalmic viscoelastic devices.Meanwhile, the Rest of South America reflects a mix of emerging markets where government initiatives and an escalating focus on eye health significantly impact market dynamics.

    Collectively, these regions exhibit a trend towards modernization in healthcare facilities, fostering greater accessibility to advanced ophthalmic solutions. The rising awareness of eye health and the increasing incidence of cataracts and glaucoma in the population are further pushing demand across these regions, showcasing a promising growth trajectory for the South America Ophthalmic Viscoelastic Devices Market.

    South America Ophthalmic Viscoelastic Devices Market Region

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The South America Ophthalmic Viscoelastic Devices Market has been witnessing significant growth, driven by the increasing prevalence of eye diseases and rising awareness about eye health and vision correction. The competitive landscape in this market is characterized by a mix of local and global players that are vying for market share.

    The dynamic nature of this market is influenced by ongoing technological advancements, aggressive marketing strategies, and a focus on product innovation. Players are continuously looking to enhance their portfolio with effective ophthalmic viscoelastic devices designed for various eye surgeries, including cataracts and retinal procedures. Factors such as regulatory compliance and establishing distribution networks play a critical role in determining the competitive standing of each market participant.

    The increasing demand for minimally invasive surgeries is also shaping strategies among competitors as they adapt to physician and patient preferences within this region. AbbVie has a noteworthy presence in the South America Ophthalmic Viscoelastic Devices Market, leveraging its strong reputation and established portfolio to cater to the needs of ophthalmology professionals and patients alike.

    The company’s commitment to research and development is exemplified through innovative products that address the unique challenges faced in eye surgeries. Its strengths primarily lie in a strong distribution network and strategic partnerships that enable it to reach a wider audience effectively. The company's ability to provide high-quality viscoelastic devices tailored for various surgical applications has positioned it favorably in competitive assessments.

    AbbVie's investment in clinical research specific to regional health challenges further enhances its credibility among healthcare providers, showcasing its dedication to improving patient outcomes in South America

    .Lumenis also plays a significant role within the South America Ophthalmic Viscoelastic Devices Market, focusing on advanced surgical and aesthetic solutions for ophthalmology. Known for its core competencies in laser and energy-based technologies, Lumenis has developed specialized viscoelastic products designed for complex eye surgeries. The company capitalizes on its strong brand recognition and expertise in innovation, allowing it to maintain a competitive edge.

    Lumenis strengthens its market position through strategic mergers and acquisitions, which expand its product offerings and geographic reach. Additionally, the company actively invests in marketing initiatives, educational programs, and collaborations with local healthcare providers to enhance awareness of its key products. Through these strategies, Lumenis aims to solidify its dominance in the ophthalmic sector and cater specifically to the needs of South American patients and surgeons.

    Key Companies in the South America Ophthalmic Viscoelastic Devices Market market include

    Industry Developments

    The South America Ophthalmic Viscoelastic Devices Market has seen significant developments recently, driven by increasing eye surgeries and advancements in technology. In October 2023, Bausch Health announced the launch of a new viscoelastic device specifically designed for cataract surgery, which has garnered attention for its innovative formulation.

    Additionally, in September 2023, Alcon expanded its product range in Brazil, aiming to enhance service and availability in the region. Current affairs indicate that companies like AbbVie and Medtronic are focusing on strategic partnerships to elevate their market presence.

    Market valuations have experienced growth, with forecasts showing an upward trend driven by an aging population and rising awareness about eye health in South America. Notably, in August 2023, Hoya Corporation acquired a small local firm specializing in eye health solutions to diversify its offerings.

    Furthermore, competitive dynamics among key players, including Carl Zeiss AG and Santen Pharmaceutical, highlight a healthy growth environment for Ophthalmic Viscoelastic Devices, which are becoming increasingly essential in surgical procedures across countries like Brazil and Argentina. The evolving regulatory landscape is also facilitating the introduction of new technologies in the region.

    Market Segmentation

    Outlook

    • Brazil
    • Mexico
    • Argentina
    • Rest of South America

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 228.8(USD Million)
    MARKET SIZE 2024 245.6(USD Million)
    MARKET SIZE 2035 467.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.016% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED AbbVie, Lumenis, Surgerii, Medtronic, Bausch Health, MediDate, Hoya Corporation, Santen Pharmaceutical, EyeCees, Carl Zeiss AG, AMO, Rayner, Alcon, Eye de la Marque, SIBF
    SEGMENTS COVERED Type, Application, End User, Regional
    KEY MARKET OPPORTUNITIES Growing aging population, Increasing cataract surgeries, Rising awareness of eye health, Technological advancements in devices, Expanding healthcare infrastructure
    KEY MARKET DYNAMICS increasing cataract surgeries, rising aging population, technological advancements in devices, growing healthcare expenditure, prevalence of eye disorders
    COUNTRIES COVERED Brazil, Mexico, Argentina, Rest of South America

    FAQs

    What is the expected market size of the South America Ophthalmic Viscoelastic Devices Market in 2024?

    The South America Ophthalmic Viscoelastic Devices Market is expected to be valued at 245.6 million USD in 2024.

    What is the projected market size for the South America Ophthalmic Viscoelastic Devices Market by 2035?

    By 2035, the market is projected to reach 467.0 million USD.

    What is the expected compound annual growth rate (CAGR) for the South America Ophthalmic Viscoelastic Devices Market from 2025 to 2035?

    The expected CAGR for the market is 6.016% from 2025 to 2035.

    Which region is expected to hold the largest market share in the South America Ophthalmic Viscoelastic Devices Market?

    Brazil is anticipated to have the largest market share, with a value of 85.0 million USD in 2024.

    What will be the market value for Dispersive OVDs in 2024?

    The market value for Dispersive OVDs is expected to be 125.6 million USD in 2024.

    How much is the market for Cohesive OVDs projected to grow by 2035?

    The market for Cohesive OVDs is projected to grow to 230.0 million USD by 2035.

    Who are the key players in the South America Ophthalmic Viscoelastic Devices Market?

    Key players include AbbVie, Lumenis, Surgerii, and Medtronic among others.

    What is the expected market size for Argentina in the Ophthalmic Viscoelastic Devices Market by 2035?

    Argentina's market size is expected to reach 85.0 million USD by 2035.

    What is the anticipated market value for the Rest of South America region in 2024?

    The market value for the Rest of South America is anticipated to be 50.6 million USD in 2024.

    What are the growth drivers for the South America Ophthalmic Viscoelastic Devices Market?

    Growth drivers include advancements in ophthalmic surgical procedures and rising prevalence of eye disorders.

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