Press release
Global Ophthalmic Viscosurgical Devices Market - Industry Trends and Forecast to 2029
The ophthalmic viscosurgical devices market is analyzed to grow at a significant value within the forecasted period as there are emerging innovative approaches to improving vision wellness, which results in the higher demand for the market within the forecasted period. Although, the COVID-19 pandemic had a negative effect on the market but it is expected to pace towards the growth post COVID-19.
• Data Bridge Market Research analyses that the ophthalmic viscosurgical devices market is expected to grow at a CAGR of 8.85% during the forecast period. The "cataract surgery" accounts for the largest application segment in the ophthalmic viscosurgical devices market within the forecasted period.
Market Definition
Ophthalmic viscosurgical devices are used in a variety of ocular surgeries to protect the delicate ocular structure and maintain space in the anterior chamber, allowing for a faster and safer procedure. Sodium hyaluronate, chondroitin sulphate, and hydroxypropyl methylcellulose make up these devices. These ophthalmic viscosurgical devices are commonly used as surgical aids for cataract, glaucoma, and vitrectomy surgeries because they help maintain the anterior chamber during the surgical manoeuvre.
Ophthalmic Viscosurgical Devices Market Dynamics
Drivers
• Increasing Number Of Targeted Patient Pools
The increasing prevalence of diabetes, and an increasing number of cataract and glaucoma surgeries performed are expected to accelerate the overall growth of the market. The ophthalmic viscosurgical devices help in maintaining the anterior chamber during the surgical maneuver and are widely used as surgical aid for performing cataract, glaucoma, and vitrectomy surgeries.
The growing awareness about ocular diseases and growing number of eye health awareness programs are projected to cushion the growth of the market. Moreover, the increasing geriatric population coupled with the rising disposable income, and changing lifestyle also cushions the market's growth within the forecasted period.
Opportunities
Furthermore, the various technological advancements, preference about minimally invasive or noninvasive, coupled with novel products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Moreover, the improved quality of devices will further expand the ophthalmic viscosurgical devices market's growth rate in the future.
Restraints/Challenges
On the other hand, the availability of alternative procedures is expected to obstruct market growth. Also, the surgeon's lack of proper training and essential expertise are projected to challenge the ophthalmic viscosurgical devices market in the forecast period of 2022-2029. Moreover, the risk factors related to eye surgeries may also have a negative impact on the overall growth of the market.
This ophthalmic viscosurgical devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ophthalmic viscosurgical devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Ophthalmic Viscosurgical Devices Market
The outbreak of COVID-19 has impacted the whole healthcare market. The ophthalmic viscosurgical devices market however has affected the market negatively owing to the disrupted the supply chain and imposed restrictions on trade and goods movement.
The government's various strict guidelines and regulations regarding social distancing and movement restrictions as the air, tools, and patient contact would all pose a high risk of infection in dentistry. Most of the people are unable to visit their local dentist for a check-up, and the mouth would act as a direct source of infection for doctors and other staff members. However, the COVID-19 pandemic has accelerated the adoption of the tooth products through retail pharmacies and online platforms across the globe. Moreover, the increased product demand and had a positive impact on the ophthalmic viscosurgical devices market.
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