The global ophthalmic viscoelastic devices market is expected to reach USD xx. xx million by 2028, from an estimated USD xx. xx million in 2018, at a CAGR of x.x% during the forecast period (2019-2028). Viscoelastic devices are used as artificial tears for dry eye syndrome and other common problems such as post-LASIK care or Sjogren's Syndrome treatment. Dispersive OVDs accounted for the largest share of the global ophthalmic viscoelastic device market in 2018 among all types of viscoelastic devices with over 50%.
If a person has a cataract, and the ophthalmic viscoelastic device is inserted into the eye to make sure that the intraocular pressure does not get too high when removing the natural lens of the eye. These devices are also used in other types of surgery on the eyes such as corneal transplantation and retinal detachment repair. They can be temporary or permanent depending on whether they serve only for one use or if they will need to last after surgery until healing has taken place. The OVDs come in different shapes and sizes with various materials so that surgeons know which ones work best for their needs during each procedure.
On the basis of type, the global ophthalmic viscoelastic devices market is segmented into Dispersive OVDs, Cohesive OVDs, Combination OVDs, and Visco-adaptive OVDs.
Dispersive OVDs are devices that have a low viscosity and can be injected easily because they don’t require any sort of injection device. They provide temporary pressure support for the eye during recovery from cataract surgery but it is not permanent as such dispersive needs to be replaced every now and then with new ones. Dispersive OVDs come in a liquid form which is injected intraocularly before surgery to help maintain the shape of the eye during the cataract removal procedure. These types of viscoelastic devices provide only temporary assistance for surgical procedures but they do not adhere with natural tissues because it has been designed to have an initial high flow rate so as to disperse post-surgery pressure within the eye cavity. Moreover, these dispersing oculoplastics will stay liquefied after injection or injection combined with irrigation and this means that they can be used in the lower eyelid.
Cohesive OVDs are those that come in a solid form which is injected intraocularly before surgery to help maintain the shape of the eye during cataract removal procedures and they provide permanent assistance for surgical procedures unlike dispersing oculoplastics. Cohesive OVDs unlike dispersive, provide both short-term (temporary) or long-term solutions (permanent). This type of ophthalmic viscoelastic device does not liquefy at all rather they offer a solid form to adhere onto natural tissues in order to maintain its shape after injection.
Combination OVDs are viscoelastic devices that have both properties of a dispersive and cohesive type, these types offer a temporary as well as a long-term solution to post-surgery pressure within the eye cavity because it has been designed with an initial low flow rate but will turn into liquid after injection or injection combined with irrigation so as to be able to adhere onto natural tissues. Combinations also stay liquefied for a long period of time.
Visco-adaptive OVDs are those that have the ability to change viscosity according to intraocular pressure or other physiological changes within the eye cavity, this type is being used more and more in recent years because it provides an excellent solution for patients who suffer from dry eye syndrome and other related eye ailments.
On the basis of application, the global ophthalmic viscoelastic devices market is segmented into Hospitals, Clinics, Ambulatory Care Centers, and Others.
Ophthalmic viscoelastic devices are used in hospitals for the treatment of corneal epithelium defects, dry eye syndrome, ocular muscle myopathy, Marfan's disease with instability (e.g., ectasia), uveitis, or retinal detachment.
Dispersive OVDs include visco-elastic hydrogels and silicones. These are used in the clinic for various treatments, such as to seal cornea wounds or cover cataracts. Dispersive OVDs also come with a wide range of other types of applications; they can be injected into tissues during surgery to restore blood pressure post-procedure, create an artificial septum around damaged nasal tissue after trauma, among many others.
The ophthalmic viscoelastic device is used to provide support for the eye and prevent it from slipping downwards. It also provides constant pressure on the eyelids, which helps in treating dry eyes. They are commonly found in ambulatory care centers such as optometrists or ophthalmologists’ offices because these professionals often need to examine patients' eyes and prescribe treatment if necessary.
On the basis of region, the global ophthalmic viscoelastic device market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is anticipated to occupy the highest CAGR over the forecast period owing to increasing awareness about eye care in this region.
Hospitals and clinics are growing in number across various regions of the world; as such these facilities provide a wide range of medical services for patients with different needs. They can be found anywhere from rural communities to major cities - globally there were an estimated 63 million hospital beds by 2009 according to WHO (World Health Organization). This means that hospitals have become increasingly common not just on continents like Europe or North America but also in countries such as China which has seen rapid growth rates in recent years due partly because it dealt with some difficult economic issues in the past.
- Rising prevalence of cataracts is expected to drive global market growth.
- Technological advances in ophthalmic equipment could lead to improved performance and cost-effectiveness, fueling demand for OVDs. For instance, micro incisional surgery has been a game-changer for hospitals & clinics as it allows anesthesia without injection with possible reductions in perioperative complications such as intraocular infection or endophthalmitis. Furthermore, emerging technologies like artificial intelligence have potential applications in data analysis that can be leveraged by healthcare professionals during eye care treatments. This shift will potentially create efficiencies while improving outcomes through more accurate diagnosis and quicker identification of issues affecting patients’ vision.
Up Market Research published a new report titled “Ophthalmic Viscoelastic Devices OVD Market research report which is segmented by Types (Dispersives OVDs, Cohesive OVDs, Combination OVDs, Visco-Adapative OVDs), By Applications (Hospitals & Clinics, Ambulatory Care Center, Others), By Players/Companies Johnson & Johnson, Alcon, Inc. (Switzerland), Bausch & Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Ellex Medical Laser Limited (Australia), Huvitz Co., Ltd. (South Korea), Iridex Corp. (US), Lumenis Ltd. (Israel), Nidek Co. Ltd (Japan), Topcon Corporation (Japan), Topcon Medical Systems, Inc. (US), Visionix Ltd. (Israel)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Ophthalmic Viscoelastic Devices OVD Market Research Report|
|By Type||Dispersives OVDs, Cohesive OVDs, Combination OVDs, Visco-Adapative OVDs|
|By Application||Hospitals & Clinics, Ambulatory Care Center, Others|
|By Companies||Johnson & Johnson, Alcon, Inc. (Switzerland), Bausch & Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Ellex Medical Laser Limited (Australia), Huvitz Co., Ltd. (South Korea), Iridex Corp. (US), Lumenis Ltd. (Israel), Nidek Co. Ltd (Japan), Topcon Corporation (Japan), Topcon Medical Systems, Inc. (US), Visionix Ltd. (Israel)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||218|
|Number of Tables & Figures||153|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Dispersives OVDs, Cohesive OVDs, Combination OVDs, Visco-Adapative OVDs and By Application Hospitals & Clinics, Ambulatory Care Center, Others.
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Ophthalmic Viscoelastic Devices OVD Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Ophthalmic Viscoelastic Devices OVD Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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