Global Ophthalmic Viscosurgical Devices Market Analysis Trends, Applications, Analysis, Growth, And Forecast To 2028

Global Ophthalmic Viscosurgical Devices Market: Overview

Ophthalmic Viscosurgical Devices (OVDs) are non-active, clear, and gel-like solutions with viscous and elastic properties. It plays major role to create and maintain volume in anterior chamber of eye and protect corneal endothelium during particular steps of ophthalmic procedure. There are different types of ophthalmic viscosurgical devices available to support surgical technique and workflow. Cohesive OVDs are most commonly used for creating and maintaining space in anterior segment of the eye during surgery.

Global Ophthalmic Viscosurgical Devices Market: Dynamics

Rapid technological advancements in ophthalmic devices, increasing prevalence of ophthalmic diseases, coupled with availability of advanced healthcare facilities in developed and developing countries are some major factors expected to drive growth of the global ophthalmic viscosurgical devices market. In addition, rapidly increasing number of patients suffering from eye disorders such as myopia, coupled with increasing demand for advanced devices by practitioner in order to gain excellent and improved surgical outcomes is another factor expected to further boost growth of the target market to certain extent.

Moreover, rising geriatric population across the globe and increasing government expenditure on healthcare sector are some other factors expected to further support growth of the global market. In addition, increasing patient preference towards minimal or non-invasive surgical procedures and technological advanced treatments such as laser-assisted vision correction is another factor expected to further boost growth of the target market.

However, high cost of devices and surgeries is a major factor expected to hamper growth of the global ophthalmic viscosurgical devices market. In addition, post operational risks associated with ophthalmic surgeries such as visual aberrations, dry and red eyes, and over or under-correction of vision and infection are some other factors expected to limit preference for ophthalmic surgeries which in turn is expected to further challenge growth of the target market to certain extent.

Global Ophthalmic Viscosurgical Devices Market: Segment

Among the product segments, the dispersive segment followed by cohesive segment is expected to dominate in the target market over the forecast period.

Among the end user segments, the hospitals segment is expected to dominate in the target market over the forecast period.

Global Ophthalmic Viscosurgical Devices Market: Region

The market in North America is expected to dominate in the global ophthalmic viscosurgical devices market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to well-developed healthcare infrastructure, increasing R&D activities for technological advancements, and presence of major players operating in countries in this region. In addition, increasing expansion activities through strategic mergers and acquisitions is expected to further create potential revenue opportunities for players operating in the target market in this region over the forecast period.

The market in Asia Pacific is expected to witness faster growth, owing to rising number of patients suffering from various eye disorders, increasing number of geriatric populations, and presence of prominent players operating in emerging economies such as India and China in this region. In addition, increasing government expenditure on development of healthcare infrastructure is expected to further support growth of target market in this region.

Global Ophthalmic Viscosurgical Devices Market Segmentation

Segmentation by product type

• Dispersive
• Cohesive
• Combined

Segmentation by application

• Cataract Surgery
• Vitreoretinal Surgery
• Canaloplasty
• Refractive Surgery
• Keratoplasty

Segmentation by end user

• Hospital
• Clinics

Segmentation by region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa