Global Ophthalmic Viscosurgical Devices (OVD) Market Size Grow At About 4.06% CAGR During 2024–2032
As per the researchers at Zion Market Research, the global ophthalmic viscosurgical devices (OVD) market was capitalized at about USD 514.2 million in 2023 and is anticipated to grow at a CAGR of about 4.06% during 2024–2032.
The prominent players in the global ophthalmic viscosurgical devices (OVD) market consist of Carl Zeiss Meditec AG; Bausch & Lomb Incorporated; Alcon AG; Johnson & Johnson Services, Inc.; Bohus Biotech AB; Rayner Intraocular Lenses Limited; Amring pharmaceutical Inc.; and Beaver-Visitec International, Inc. These contenders concentrate on growth approaches like mergers & acquisitions, portfolio expansion, retinal screening programs, and conference participation.
Increasing Elderly Population Likely To Surge The Demand For Ophthalmic Viscosurgical Devices
The growth of the global ophthalmic viscosurgical devices (OVD) market is primarily propelled by the increasing elderly population. Further, higher life expectancy and inclination to older average age have resulted in an elevated number of cataract cases and is projected to add to the expansion of the global ophthalmic viscosurgical devices (OVD) market. Moreover, the growing rate of age-associated related glaucoma and macular degeneration are also projected to fuel market growth. Nevertheless, the dearth of alertness among individuals regarding visual health, limited accessibility of screening equipment in developing nations, and lack of skilled ophthalmologists are a few factors expected to obstruct the expansion of the global ophthalmic viscosurgical devices (OVD) market.
The global ophthalmic viscosurgical devices (OVD) market is bifurcated on the basis of end-user, material used, product type, and region. The ophthalmic viscosurgical devices (OVD) market, based on end-users, has been categorized into eye specialty clinics, ambulatory surgical centers, and hospitals. Based on the material used, the market is classified into chondroitin sulfate, methylcellulose, and sodium hyaluronate. Based on product type, the global ophthalmic viscosurgical devices (OVD) market is divided into dispersive, combined, and cohesive.
Asia Pacific To Record Highest CAGR During The Forecast Period
In 2023, the biggest share in the global ophthalmic viscosurgical devices (OVD) market was held by North America and is projected to witness steady growth during the forecast period as well. The existence of key market players, approving Medicare policies, enhanced admission to ophthalmic care facilities, and increasing geriatric population are a few reasons contributing to the growth of this region. North America was followed by Europe and is expected to show moderate growth owing to the rising alertness regarding advanced ophthalmic procedures through several conferences, trade shows, and programs. Asia Pacific is projected to grow at the greatest CAGR owing to the rising number of ophthalmic care facilities together with an increased incidence of diabetes, particularly in developing nations such as China and India.
Ophthalmic Viscosurgical Devices (OVD) Market: Competitive Analysis
The global ophthalmic viscosurgical devices (OVD) market is dominated by players like:
- Amring pharmaceutical Inc.
- Johnson & Johnson Services, Inc.
- Rayner Construction Services Inc. ntraocular Lenses Limited
- ZEISS Medical Technology
- Bohus Obert tech AB
- Bausch + Lomb
- Alcon
- BEAVER VISITEC OPHTHALMIC PRIVATE LIMITED International, Inc.
The global ophthalmic viscosurgical devices (OVD) market is segmented as follows:
By Product Type
- Dispersive
- Visco-adaptive
- Combination
- Cohesive
By Material Used
- Sodium hyaluronate
- Chondroitin sulfate
- Methylcellulose
By end-use
- Hospitals
- Ambulatory surgical centers
- Eye specialty clinics
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of the Middle East & Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to provide our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us — after all — if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49–322 210 92714 USA/Canada Toll-Free №1–855–465–4651 Email: sales@zionmarketresearch.com Website: https://www.zionmarketresearch.com