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Ophthalmic Viscoelastic Devices (OVD) Market by Product (Cohesive Ophthalmic Viscoelastic, Dispersive Ophthalmic Viscoelastic), Application (Cataract Surgery, Glaucoma Surgery, Corneal Transplant, Vitreoretinal Surgery), End User (Hospitals, Ophthalmic Clinics, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global ophthalmic viscoelastic devices (OVD) market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.52% during 2024-2032. The increasing number of ophthalmic surgeries, extensive research and development (R&D) activities, and escalating growth in the healthcare industry represent some of the key factors driving the market.
Ophthalmic viscoelastic devices (OVD) are medical equipment used during eye surgeries. They are employed in ophthalmic and numerous eye surgeries, such as glaucoma, corneal transplant, and vitreoretinal and cataract surgery. These devices protect ocular structures from mechanical trauma, divide tissue, create space, resolve adhesions, act as a wetting agent, or as an instrument to facilitate the surgical procedure. OVDs are widely used to maintain space in the eye during intraocular lens (IOL) implantation, stabilize and deepen the anterior chamber, and protect ocular structures during anterior segment surgery. These devices assist in creating pressure within the anterior chamber, compartmentalizing inside the attention, and providing a faster and safer surgery with better recovery for the patients.
Ophthalmic Viscoelastic Devices (OVD) Market Trends:
The increasing number of ophthalmic surgeries across the globe is one of the key factors driving the market growth. OVDs are widely used to maintain, preserve space, displace, stabilize, and protect tissues. In line with this, improving access to ophthalmic care facilities and rising awareness about ocular disorders are acting as another growth-inducing factor. Moreover, the widespread utilization of viscoadaptive ophthalmic viscosurgical devices due to the increasing number of complex ocular surgical cases and its biphasic benefit of eliminating the need for two syringes is propelling the market growth. In addition to this, viscoadaptive OVD is also preferred in complex ocular surgeries, such as pediatric cataract surgery, patient with floppy iris syndrome, trauma, Fuchs dystrophy, and other cases to avoid post-surgical complications, which, in turn, is favoring the market growth. Apart from this, the introduction of a combination package of cohesive and dispersive OVD contained in a single unit, that is used simultaneously during procedures and is cost-effective, ensures quality standards and eases out ophthalmic surgeons' activities is providing an impetus to the market growth. Additionally, the rising geriatric population and the increasing prevalence of diabetes and age-related ocular disorders are positively influencing the market growth. Other factors, including the rising expenditure capacities of consumers, extensive research and development (R&D) activities, significant expansion in the healthcare industry, and the implementation of various government initiatives to control the rising vision impairment by compelling producers to introduce new ophthalmic equipment, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global ophthalmic viscoelastic devices (OVD) market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on product, application, and end user.
Product Insights:
Cohesive Ophthalmic Viscoelastic
Dispersive Ophthalmic Viscoelastic
A detailed breakup and analysis of the ophthalmic viscoelastic devices (OVD) market based on the product has also been provided in the report. This includes cohesive and dispersive ophthalmic viscoelastic. According to the report, cohesive ophthalmic viscoelastic accounted for the largest market share.
Application Insights:
Cataract Surgery
Glaucoma Surgery
Corneal Transplant
Vitreoretinal Surgery
The report has provided a detailed breakup and analysis of the ophthalmic viscoelastic devices (OVD) market based on the application. This includes cataract surgery, glaucoma surgery, corneal transplant, and vitreoretinal surgery. According to the report, cataract surgery represented the largest segment.
End User Insights:
Hospitals
Ophthalmic Clinics
Others
A detailed breakup and analysis of the ophthalmic viscoelastic devices (OVD) market based on the end user has also been provided in the report. This includes hospitals, ophthalmic clinics, and others. According to the report, hospitals accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for ophthalmic viscoelastic devices (OVD). Some of the factors driving the North America ophthalmic viscoelastic devices (OVD) market included extensive research and development (R&D) activities, the rising geriatric population, and the increasing prevalence of diabetes and age-related ocular disorders.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global ophthalmic viscoelastic devices (OVD) market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Alcon Inc., Altacor Limited, Bausch Health Companies Inc., Bohus Biotech Ab, Carl Zeiss Meditec Ag, Cima Technology Inc, Eyekon Medical Inc., Johnson & Johnson, RUMEX International Co., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global Ophthalmic Viscoelastic Devices (OVD) market in 2023?
2. What is the expected growth rate of the global Ophthalmic Viscoelastic Devices (OVD) market during 2024-2032?
3. What are the key factors driving the global Ophthalmic Viscoelastic Devices (OVD) market?
4. What has been the impact of COVID-19 on the global Ophthalmic Viscoelastic Devices (OVD) market?
5. What is the breakup of the global Ophthalmic Viscoelastic Devices (OVD) market based on the product?
6. What is the breakup of the global Ophthalmic Viscoelastic Devices (OVD) market based on the application?
7. What is the breakup of the global Ophthalmic Viscoelastic Devices (OVD) market based on the end user?
8. What are the key regions in the global Ophthalmic Viscoelastic Devices (OVD) market?
9. Who are the key players/companies in the global Ophthalmic Viscoelastic Devices (OVD) market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ophthalmic Viscoelastic Devices (OVD) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Cohesive Ophthalmic Viscoelastic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dispersive Ophthalmic Viscoelastic
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Cataract Surgery
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Glaucoma Surgery
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Corneal Transplant
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Vitreoretinal Surgery
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ophthalmic Clinics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Alcon Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Altacor Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Bausch Health Companies Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Bohus Biotech Ab
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Carl Zeiss Meditec Ag
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Cima Technology Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Eyekon Medical Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Johnson & Johnson
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 RUMEX International Co.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Ophthalmic Viscoelastic Devices Market: Major Drivers and Challenges
Figure 2: Global: Ophthalmic Viscoelastic Devices Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Ophthalmic Viscoelastic Devices Market: Breakup by Product (in %), 2023
Figure 5: Global: Ophthalmic Viscoelastic Devices Market: Breakup by Application (in %), 2023
Figure 6: Global: Ophthalmic Viscoelastic Devices Market: Breakup by End User (in %), 2023
Figure 7: Global: Ophthalmic Viscoelastic Devices Market: Breakup by Region (in %), 2023
Figure 8: Global: Ophthalmic Viscoelastic Devices (Cohesive Ophthalmic Viscoelastic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Ophthalmic Viscoelastic Devices (Cohesive Ophthalmic Viscoelastic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Ophthalmic Viscoelastic Devices (Dispersive Ophthalmic Viscoelastic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Ophthalmic Viscoelastic Devices (Dispersive Ophthalmic Viscoelastic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Ophthalmic Viscoelastic Devices (Cataract Surgery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Ophthalmic Viscoelastic Devices (Cataract Surgery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Ophthalmic Viscoelastic Devices (Glaucoma Surgery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Ophthalmic Viscoelastic Devices (Glaucoma Surgery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Ophthalmic Viscoelastic Devices (Corneal Transplant) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Ophthalmic Viscoelastic Devices (Corneal Transplant) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Ophthalmic Viscoelastic Devices (Vitreoretinal Surgery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Ophthalmic Viscoelastic Devices (Vitreoretinal Surgery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Ophthalmic Viscoelastic Devices (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Ophthalmic Viscoelastic Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Ophthalmic Viscoelastic Devices (Ophthalmic Clinics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Ophthalmic Viscoelastic Devices (Ophthalmic Clinics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Ophthalmic Viscoelastic Devices (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Ophthalmic Viscoelastic Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia-Pacific: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia-Pacific: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Ophthalmic Viscoelastic Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Ophthalmic Viscoelastic Devices Market: Breakup by Country (in %), 2023
Figure 74: Middle East and Africa: Ophthalmic Viscoelastic Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Global: Ophthalmic Viscoelastic Devices Industry: Drivers, Restraints, and Opportunities
Figure 76: Global: Ophthalmic Viscoelastic Devices Industry: Value Chain Analysis
Figure 77: Global: Ophthalmic Viscoelastic Devices Industry: Porter's Five Forces Analysis
Table 1: Global: Ophthalmic Viscoelastic Devices Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Ophthalmic Viscoelastic Devices Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Ophthalmic Viscoelastic Devices Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Ophthalmic Viscoelastic Devices Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Ophthalmic Viscoelastic Devices Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Ophthalmic Viscoelastic Devices Market: Competitive Structure
Table 7: Global: Ophthalmic Viscoelastic Devices Market: Key Players
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