Global Ophthalmic Viscoelastic devices (OVD) Market Research Report- Forecast To 2027


Posted October 12, 2018 by vishwanath

Ophthalmic Viscoelastic Devices (OVD) market information: by types (cohesive ophthalmic viscoelastic devices (OVDS),

 
Pune, India, July 25, 2017 /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 11.6 % 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.

Report Details @ https://www.marketresearchfuture.com/reports/ophthalmic-viscoelastic-devices-market-1396

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.
Regional Analysis of Global Insulin Pump Market:
In the Americas region, North America commands the largest market share in 2016 at 74.35% in 2016 while South America is expected to be the fastest growing segment with the CAGR of 11.6% during the forecasted period. US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global ophthalmic viscoelastic devices (OVD). Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most potential and it is estimated to be led by China and India. Asia pacific region is expected to be the fastest growing segment with the CAGR of 12.0%during the forecasted period. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions and poor healthcare penetration.
Markets scenario-
Ophthalmic viscoelastic devices (OVDs) are regarded as a standard tool used in the ophthalmic surgeries. Over the last decade, OVDs had acquired a lot of attention owing to their properties and advantages. Sodium Hyaluronate is the most widely used OVD material. OVD has a great impact on ophthalmic surgeries, especially cataract surgeries and other intraocular lens implantation. Many studies had proven that use of OVD has increased the success rate of the surgeries.
The major driving factor for the ophthalmic viscoelastic devices market are increasing number of cataract and glaucoma surgeries across the globe, developments in OVDs and favourable reimbursement policies. On the other hand lack of general awareness and availability of alternative therapy has restrained the growth of the market.
Considering all these factors the market for ophthalmic viscoelastic devices (OVD) is expected to reach $ 1,203.26 million by the end of 2027, this market is projected to growing at a CAGR of ~ 11.6 % during 2017-2027.


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Last Updated October 12, 2018