Press release
Ophthalmic Viscosurgical Devices Market Report 2019 Predicting 12.3% CAGR| Top Players: Alcon, Abbott Medical Optics, Carl Zeiss Meditec
Ophthalmic Viscosurgical Devices Market
Diminishing visual functions with increasing age is a growing concern among the elderly population base. Prevalence and incidence of blindness, vision impairment and other ophthalmic disorders such as diabetic retinopathy, cataract, macular degeneration and glaucoma is high among aged people as compared to the younger population. Rapidly growing geriatric population base will boost the demand for ophthalmic surgeries thereby, accelerating OVD business growth. However, risks associated with eye surgeries such as irregular astigmatism, epithelial ingrowth and diffuse lamellar keratitis (DLK) may impede OVD market growth in the coming years.
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Cataract surgery segment held considerable revenue share in 2017 and will witness lucrative CAGR of 12.8% over the analysis period. High segment growth is attributable to increasing prevalence of disease coupled with rising geriatric population across the globe. According to International Agency for the Prevention of Blindness (IAPB), cataract is the leading cause of blindness across the world. Growing incidence of cataract will surge the need for cataract surgeries worldwide thereby accelerating segment growth in the coming years.
Dispersive segment dominated the ophthalmic viscosurgical devices (OVD) market with USD 170.2 million in 2017 and is estimated to show robust growth over the forecast timeframe. Increasing adoption of dispersive OVDs in iris trauma, capsular rupture or zonular weakness, to create and maintain separation between anterior and posterior segments will favor segmental growth during the forecast period.
Hospitals segment accounted for 44.8% revenue share in 2017 and the segment will witness robust CAGR in the coming years. Increasing patient preference towards non-invasive and technologically advanced surgical procedures performed in hospital settings will propel segmental growth. Furthermore, hospitals are equipped with advanced technology-integrated medical devices for cataract and other vision correction procedures that will further accelerate industry growth.
U.S. ophthalmic viscosurgical devices (OVD) market dominated North America region and was valued at USD 156.1 million in 2017 and is estimated to witness similar trend in the coming years. High growth is attributed to increasing prevalence of diabetes among the population leading to visual disabilities. Awareness among people regarding regular eye check-up coupled with high healthcare expenditure will spur U.S. ophthalmic viscosurgical devices (OVD) market size over the forecast period.
Germany ophthalmic viscosurgical devices (OVD) market is estimated to show lucrative CAGR of 12.0% over the forecast timeline. Rising incidence of ophthalmic diseases in the country will favor business growth in the foreseeable future. Furthermore, organizations such as German Society of Ophthalmology, German Professional Association of Ophthalmologists and the Association of German Ophthalmic Surgeons are implementing national screening programs for glaucoma. Additionally, it also includes age-related macular degeneration and other age-related conditions that will further augment industry growth.
Ophthalmic Viscosurgical Devices (OVD) Market, By Product (USD Million)
1 Dispersive
2 Cohesive
3 Combined
Ophthalmic Viscosurgical Devices (OVD) Market, By Application (USD Million)
1 Cataract Surgery
2 Vitreoretinal Surgery
3 Canaloplasty
4 Refractive Surgery
5 Keratoplasty
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Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Ophthalmic viscosurgical devices industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Ophthalmic Viscosurgical Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Rapidly growing geriatric population
3.3.1.2. Increasing incidence of ophthalmic and ocular conditions in developing countries
3.3.1.3. Expanding base of diabetic patients worldwide
3.3.1.4. Technological advancements
3.3.1.5. Growing demand and preference for non-invasive treatment
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost of ophthalmic devices
3.3.2.2. Risk associated with eye surgeries
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Chapter 5. Ophthalmic Viscosurgical Devices Market, By Application
5.1. Key segment trends
5.2. Cataract Surgery
5.2.1. Cataract Surgery market, by region, 2013-2024 (USD Million)
5.3. Vitreoretinal Surgery
5.3.1. Vitreoretinal Surgery market, by region, 2013-2024 (USD Million)
5.4. Canaloplasty
5.4.1. Canaloplasty market, by region, 2013-2024 (USD Million)
5.5. Refractive Surgery
5.5.1. Refractive Surgery market, by region, 2013-2024 (USD Million)
5.6. Keratoplasty
5.6.1. Keratoplasty market, by region, 2013-2024 (USD Million)
5.7. Others
5.7.1. Others market, by region, 2013-2024 (USD Million)
Chapter 6. Ophthalmic Viscosurgical Devices Market, By End-use
6.1. Key segment trends
6.2. Hospitals
6.2.1. Hospitals market, by region, 2013-2024 (USD Million)
6.3. Clinics
6.3.1. Clinics market, by region, 2013-2024 (USD Million)
6.4. Others
6.4.1. Others market, by region, 2013-2024 (USD Million)
Data Tables
TABLE 1. OVD industry 3600 synopsis, 2013 – 2024
TABLE 2. Ophthalmic Viscosurgical Devices Market, 2013-2017 (USD Million)
TABLE 3. Ophthalmic Viscosurgical Devices Market, 2018-2024 (USD Million)
TABLE 4. Ophthalmic Viscosurgical Devices Market, by product, 2013-2017 (USD Million)
TABLE 5. Ophthalmic Viscosurgical Devices Market size, by product, 2018-2024 (USD Million)
TABLE 6. Ophthalmic Viscosurgical Devices Market, by application, 2013-2017 (USD Million)
TABLE 7. Ophthalmic Viscosurgical Devices Market, by application, 2018-2024 (USD Million)
TABLE 8. Ophthalmic Viscosurgical Devices Market, by end-use, 2013-2017 (USD Million)
TABLE 9. Ophthalmic Viscosurgical Devices Market, by end-use, 2013-2017 (USD Million)
TABLE 10. Ophthalmic Viscosurgical Devices Market, by region, 2013-2017 (USD Million)
TABLE 11. Ophthalmic Viscosurgical Devices Market, by region, 2018-2024 (USD Million)
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