Ophthalmic Viscoelastic Devices (OVDs) Market by Type, Application, End User and Geography. Key Players are Johnson & Johnson ((U.S), Alcon Laboratories Inc. (Switzerland), Bausch & Lomb (U.S), Carl Zeiss AG (Germany), Rayner Company (UK), Bohus BioTech A

The Ophthalmic Viscoelastic Devices (OVDs) are the viscoelastic solution used during eye surgery for intent to coat and protect delicate intraocular tissues. This new technique is used in cataract, glaucoma, corneal, and vitreoretinal surgeries. The major driving factor for the market are increasing number of cataract and glaucoma surgeries, favourable reimbursement policies and developments in OVDs. Rising geriatric population, and increasing diabetic population has also contributed in the growth of the market. Whereas, lack of general awareness among people about eye disorders has restrained the growth of market.

Market Outline: Ophthalmic Viscoelastic Devices (OVDs) Market: The favourable reimbursement policies for surgeries using ophthalmic viscoelastic devices (OVDs) and strategic approach of the manufacturers help them sustain the growth and expansion in the market. The collaborations, mergers and acquisitions among vendors are helping to drive the R&D activities which are expected to create the market growth. However, the availability of alternate therapies, poor healthcare infrastructure, and the lack of awareness among the healthcare fraternity may hinder the growth of the ophthalmic viscoelastic devices (OVDs) market over the forecast period.

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The major driving factor for the ophthalmic viscoelastic devices market are increasing number of cataract and glaucoma surgeries across the globe, developments in OVDs and favourable reimbursement policies. On the other hand, lack of general awareness and availability of alternative therapy has restrained the growth of the market.

Remarkable Findings:
• The global ophthalmic viscoelastic devices (OVDs) market is growing at a growth rate of X% during the period 201X-202X. Increasing prevalence of cataract and glaucoma surgeries, advances in the ophthalmic viscoelastic devices, and the increasing diabetic population are some of the major factors responsible for market growth.
• Currently, cohesive OVDs accounts for the largest market share in the global scenario due to their advantages and long history. They are easily removed from the eye, they have high molecular weight and high viscosity, making them the perfect agent for maintaining the space. There has been significant growth in the demand for the cohesive OVDs.
• Johnson & Johnson, Alcon Laboratories, Inc., Bausch & Lomb, Carl Zeiss AG are some of the prominent market players in the ophthalmic viscoelastic devices (OVDs) market.
• In July 2015, Rayner Surgical Group Limited (‘Rayner’), the pioneering manufacturer of intraocular lenses for cataract surgery, has acquired the ophthalmic cataract surgery business of Aptissen SA (Geneva, Switzerland)

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Competition Assessment: Ophthalmic Viscoelastic Devices (OVDs) Market

• Johnson & Johnson ((U.S)
• Alcon Laboratories Inc. (Switzerland)
• Bausch & Lomb (U.S)
• Carl Zeiss AG (Germany)
• Rayner Company (UK)
• Bohus BioTech AB (Sweden)
• Lifecore Biomedical LLC (U.S)

Regional Analysis: Ophthalmic Viscoelastic Devices (OVDs) Market
Geographically, global ophthalmic viscoelastic devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America ophthalmic viscoelastic devices market growth driven by increase in the prevalence of eye diseases. The growing geriatric population and higher adoption of the newer technology expected to drive the market growth in the region. Falling in the second place is the European region. The growing awareness about the advanced treatments among the patient population and large disposable income is emerging markets in the region driving the market revenue growth. The Asia Pacific region is expected to be growing faster over the forecast period.

Precision Business Insights (PBI) in its report titled “Ophthalmic Viscoelastic
Devices (OVDs) Market”: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 20XX-20XX and Forecast 20XX-20XX” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast.

Market Scope: Ophthalmic Viscoelastic Devices (OVDs) Market Ophthalmic Equipment Market, By Type
• Cohesive ophthalmic viscoelastic devices (OVD)
• Dispersive ophthalmic viscoelastic devices (OVD)

Ophthalmic Equipment Market, By application
• Vitreoretinal Surgery
• Glaucoma Surgery
• Cataract Surgery
• Corneal Transplantation

Ophthalmic Equipment Market, By End User
• Hospitals
• Ophthalmic clinics
• Others

Ophthalmic Equipment Market, by Region
• North America
• Europe
• APAC
• Latin America
• Middle East and Africa

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