Ophthalmic Viscosurgical Devices Market Worldwide Analysis of Key Players - Abbott Medical Optics, Carl Zeiss Meditec, Bausch & Lomb, Rayner, Hyaltech, Maxigen Biotech, Alcon, CIMA Technology, Precision Lens
Based on the products, ophthalmic viscosurgical devices market is mainly divided into cohesive, dispersive, and combined. Dispersive devices covered more than 47% of the revenue share in 2015 and will exhibit lucrative growth prospects over the coming years of 2016 to 2024. The prominent usage of these devices for cataract surgeries due to their notable rheological characteristics will augment the product demand. Cataract surgery application acquired more than 49% of the market share of the application landscape in 2015 and will record a CAGR of 12.6% over the period of 2016 to 2024. The number of patients affected by cataract are increasing substantially across the globe, which will noticeably boost the demand for ophthalmic viscosurgical devices.
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Cohesive ophthalmic viscosurgical devices market is anticipated to cover a market share of about 40% over the coming years of 2016 to 2024, owing to the cohesive nature of the device, which is mainly used in OVD retention for phacoemulsification. Phacoemulsification technology is extensively used for the treatment of cataract.
Vitreoretinal surgery is another attractive application segment of ophthalmic viscosurgical devices market. Vitreoretinal surgery was worth more than USD 53 million in 2015 and will cross a revenue collection of USD 150 million by 2024. The growth can be attributed to the surging need of these devices in diabetic retinopathy, macular degeneration, and diabetic vitreous haemorrhage.
Geographically, Germany ophthalmic viscosurgical devices market will register an annual growth rate of 11.9% over the period of 2016 to 2024, owing to the growing awareness regarding eye-related disorders such as cataracts among the rising geriatric population.
U.S. ophthalmic viscosurgical devices industry was worth more than USD 110 million in 2015 and will exhibit significant growth rate over the years ahead. The growth can be attributed to the growing occurrence of ophthalmic ailments such as diabetic retinopathy, cataract, and glaucoma. In addition, the availability of advanced healthcare facilities and supportive reimbursement policies will augment the industry growth noticeably.
Japan ophthalmic viscosurgical devices market collected a revenue of over USD 12 million in 2015 and will cross a market value of USD 41 million by 2024, primarily driven by the invasively growing geriatric population.
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Industry giants will focus on product differentiation, strategic partnerships, and new product launches to sustain their position in the market. Top business competitors occupied more than 50% of the revenue share in 2015. Key participants in ophthalmic viscosurgical devices market are Abbott Medical Optics Inc., Alcon, Bausch & Lomb, Carl-Zeiss, Hyaltech Ltd., CIMA Technology, Inc., Rayner, and Precision Lens.
Chapter 1. Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 Data Sources
1.2.1 Primary Sources
1.2.2 Secondary Sources
Chapter 2. Executive Summary
2.1 Ophthalmic viscosurgical devices industry 3600 synopsis, 2012 - 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3. Ophthalmic Viscosurgical Devices Industry Insights
3.1 Industry segmentation
3.2 Industry size & forecast, 2012 - 2024
3.3 Industry impact forces
3.3.1. Growth drivers
188.8.131.52 Rapidly growing geriatric population
184.108.40.206 Increasing incidence of ophthalmic and ocular conditions
220.127.116.11 Expanding base of diabetic patients
18.104.22.168 Technological innovations in intraocular lenses (IOLs)
3.3.2. Industry pitfalls & challenges
22.214.171.124 Lack of awareness leading to lower diagnosis rate
126.96.36.199 Shortage of trained ophthalmologists
3.4 Growth potential analysis
3.5 Industry ecosystem
3.6 Reimbursement scenario
3.7 Company market share analysis, 2015
3.7.1 Strategy dashboard
3.8 Porter’s analysis
3.9 PESTEL analysis
Chapter 4 Ophthalmic Viscosurgical Devices Market, By Product
4.1 Global ophthalmic viscosurgical devices market share by product, 2015 & 2024
4.2.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
4.3.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
4.4.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
Chapter 5 Ophthalmic Viscosurgical Devices Market, By Application
5.1 Global ophthalmic viscosurgical devices market share by product, 2015 & 2024
5.2 Cataract Surgery
5.2.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
5.3 Vitreoretinal Surgery
5.3.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
5.4.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
5.5 Refractive Surgery
5.5.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
5.6.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
5.7.1 Market estimates and forecast, by region, 2012 - 2024 (USD Million)
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