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A recent report published by Infinium Global Research on ophthalmic viscosurgical devices market provides an in-depth analysis of segments and sub-segments in global as well as regional ophthalmic viscosurgical devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional ophthalmic viscosurgical devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ophthalmic viscosurgical devices market. According to the report the global ophthalmic viscosurgical devices market is projected to grow at a CAGR of 9.8% over the forecast period of 2018-2024.
Ophthalmic viscosurgical devices (OVDs) are viscoelastic solutions used in cataract surgery to create and maintain space in the anterior chamber of the eye during phacoemulsification and implantation of an intraocular lens (IOL), as well as protect the corneal endothelium and coat surgical instruments. Several diabetic people are suffering from complications such as diabetic retinopathy and blindness, and these diseases are anticipated to propel the ophthalmic viscosurgical devices market. Additionally, high life expectancy and shift of the average old age population globally has led to an increased incidence of cataract cases, which is expected to contribute to the growth of the global ophthalmic viscosurgical devices market. Along with cataract disease, increasing incidence of age-related macular degeneration (AMD) and glaucoma are some factors helping to drive the market.
On the basis of region, the global market is segmented into North America, Europe, Asia, and the rest of the world (RoW). North America dominates the ophthalmic viscosurgical devices market due to the rising prevalence of eye-related diseases, increased government initiatives to increase awareness regarding eye diseases and high adoption of advanced technology products. Furthermore, the adoption of an unhealthy lifestyle which gives rise to a high incidence rate of diabetes that causes diabetic retinopathy will further drive the industry growth. The Asia-Pacific is expected to generate the fastest growth rate over the forecast period. The growth is majorly attributed due to the increasing prevalence of diabetic retinopathy, growing geriatric population who are more prone to cataract.
The report on global ophthalmic viscosurgical devices market covers segments such as product type, application, and end use. On the basis of product type the global ophthalmic viscosurgical devices market is categorized into dispersive, cohesive and combined. On the basis of application, the global ophthalmic viscosurgical devices market is categorized into cataract surgery, glaucoma surgery, keratoplasty, and others. On the basis of end use the global ophthalmic viscosurgical devices market is categorized into hospitals, eye specialty clinics and others (ambulatory surgical centers).
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and the rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global ophthalmic viscosurgical devices market such as Alcon, Abbott Medical Optics, Carl Zeiss, Bausch & Lomb, Precision Lens, Covidien, Rayner, SD Healthcare, Hyaltech and CIMA Technology, Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global ophthalmic viscosurgical devices market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as porter's five forces analysis and DRO analysis of ophthalmic viscosurgical devices market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the ophthalmic viscosurgical devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the ophthalmic viscosurgical devices market to understand the present and future trends in this market and formulate their strategies accordingly.
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