Ophthalmic Viscosurgical Devices Market 2022 Trends, Analysis, Growth, Opportunities, Forecast to 2028

The global ophthalmic viscosurgical devices market is anticipated to grow at a CAGR of 5.8% during the forecast period (2022-2028).

Ophthalmic viscosurgical devices that were formerly known as viscoelastics or viscoelastic substances, belong to a category of nonactive, clear, gel-like chemical components with elastic and viscous properties, and therefore named as viscosurgical devices. The market growth for these devices is majorly attributable to the growing prevalence of eye related disorders such as cataract. The physical properties of ophthalmic viscosurgical devices make them highly effective in ophthalmic surgeries, particularly the cataract surgery. For instance, according to the report published by the National Center for Biotechnology, around 800,000 people in Germany undergoes for cataract surgery every year. Apart from cataract, the surging cases of glaucoma, and age-related macular degeneration are the other factors that propelling the need for ophthalmic surgeries, thereby driving the growth of the global ophthalmic viscosurgical devices market.

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Furthermore, the technological advancements, and constant innovation related to the application of 3D display systems in ophthalmic surgery has provided a major boost to the growth of the global ophthalmic viscosurgical devices market. The rising technological advancement in ophthalmic surgical tools has fueled the demand for novel ophthalmic viscosurgical devices. This is further coupled with the growing preference of global population toward minimally invasive or noninvasive forms of ophthalmic surgeries are accelerating the market growth. All these factors along with the novel product launches by various key players and growing awareness of the population about eye health are anticipated to be the significant driving factors for the growth of the global ophthalmic viscosurgical devices market.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Source
o By Application

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Johnson & Johnson Services, Inc., Bausch & Lomb Inc., and Carl Zeiss Meditec AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Ophthalmic Viscosurgical Devices Market Report by Segment

By Type
• Cohesive
• Dispersive
• Viscoadaptive

By Source
• Biological
• Animal
• Semi-Synthetic

By Application
• Corneal Grafting
• Cataract Surgery
• Glaucoma Surgery
• Others

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.