Ophthalmic Viscoelastic Devices (OVD) Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Ophthalmic Viscoelastic Devices (OVD) Market Report Overview
The ophthalmic viscoelastic devices (OVD) market size was $1.2 billion in 2023. The market will grow at a CAGR of more than 2% during 2023-2033. Ophthalmic viscoelastic devices, also known as OVDs, are devices used during intraocular surgery, especially anterior segment surgery. These are the viscoelastic materials used to maintain space in the eye during surgery.
Typically, OVDs are pre-packaged in a syringe and are applied using a small tube. Essential properties of OVDs are tied to their physicochemical and rheological properties. Different types of OVDs available in the market include higher viscosity cohesive OVD and lower viscosity dispersive OVD.
Ophthalmic Viscoelastic Devices Market Outlook 2023-2023 ($ Billion)
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The ophthalmic viscoelastic devices market research report has been created to understand market behavior, which will help identify quantitative market trends in the ophthalmic devices therapeutic area. It discusses in detail the impact of COVID-19 on the ophthalmic viscoelastic devices market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.
Market Size (2023) | $1.2 billion |
CAGR (2023-2033) | >2% |
Historical Period | 2015-2022 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Ophthalmic Viscoelastic Devices Market Dynamics
Factors such as the growing elderly population and rising prevalence of cataracts, glaucoma, and other eye diseases will support the ophthalmic viscoelastic devices market growth. Furthermore, there is a high demand for eye surgeries being performed in hospitals. A rise in patient awareness of the availability and benefits of eye surgeries coupled with lesser post-operational complications will also aid the growth of the market.
Ophthalmic Viscoelastic Devices Market Segments
The key segments in the ophthalmic viscoelastic devices market are dispersive OVD, cohesive OVD, and viscoadaptive OVD. In 2023, Cohesive OVD dominated the ophthalmic viscoelastic devices market. It is composed of high-viscosity material and the device helps to maintain and preserve space during eye surgery as well as to displace and stabilize tissues.
Ophthalmic Viscoelastic Devices Market Analysis by Segments, 2023 (%)
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Ophthalmic Viscoelastic Devices Market Segmentation by Regions
The key regions in the ophthalmic viscoelastic devices market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, Asia Pacific emerged as the leading regional segment because of a large pool of ocular patients within high-population regions. Additionally, favorable government policies such as the National Health Insurance along with a relaxation of customs duties will boost market growth within Asia Pacific.
Ophthalmic Viscoelastic Devices Market Analysis by Regions, 2023 (%)
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Ophthalmic Viscoelastic Devices Market – Competitive Landscape
A few of the key companies in the ophthalmic viscoelastic devices market are:
- Carl Zeiss AG
- Bausch & Lomb Inc
- Johnson & Johnson Vision Care Inc
- Alcon Inc
- CVC Capital Partners SICAV- FIS SA
In 2023, Carl Zeiss AG accounted for the highest ophthalmic viscoelastic devices market share.
Ophthalmic Viscoelastic Devices Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Ophthalmic Viscoelastic Devices Segment Outlook ($ Billion, 2015-2033)
- Dispersive OVD
- Cohesive OVD
- Viscoadaptive OVD
Ophthalmic Viscoelastic Devices Regional Outlook ($ Billion, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions
Currently marketed Ophthalmic viscoelastic devices market and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Ophthalmic viscoelastic devices market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Ophthalmic viscoelastic devices market.
- Competitive dynamics insights and trends provided for the Ophthalmic viscoelastic devices market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Carl Zeiss Meditec AG, Bausch & Lomb Inc, Johnson & Johnson Vision Care Inc, Alcon Inc, Rayner Intraocular Lenses Ltd, Aurolab, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Ophthalmic Viscoelastic Devices market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Ophthalmic Viscoelastic Devices market.
- Competitive dynamics insights and trends provided for the Ophthalmic Viscoelastic Devices market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on Ophthalmic viscoelastic devices.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Ophthalmic viscoelastic devices.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Ophthalmic viscoelastic devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific Ophthalmic viscoelastic devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Bausch & Lomb Inc
Johnson & Johnson Vision Care Inc
Alcon Inc
Rayner Intraocular Lenses Ltd
Aurolab
Others
Frequently asked questions
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What was the ophthalmic viscoelastic devices market size in 2023?
The ophthalmic viscoelastic devices market size was $1.21 billion in 2023.
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What will the ophthalmic viscoelastic devices market growth rate be during the forecast period?
The ophthalmic viscoelastic devices market is expected to grow at a CAGR of more than 2% during 2023-2033.
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Which was the leading segment in the ophthalmic viscoelastic devices market in 2023?
The Cohesive OVD segment was leading the ophthalmic viscoelastic devices market in 2023.
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Which region dominated the ophthalmic viscoelastic devices market in 2023?
APAC was the largest regional segment of the ophthalmic viscoelastic devices market in 2023.
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Which are the key companies operating in the ophthalmic viscoelastic devices market?
A few of the key companies in the ophthalmic viscoelastic devices market are Carl Zeiss AG, Bausch & Lomb Inc, Johnson & Johnson Vision Care Inc, Alcon Inc, and CVC Capital Partners SICAV- FIS SA among others.
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