European OVD Market is Forecasted to Reach US$ 488 million in 2032, Says Stratview Research

The global European OVD market is projected to witness a growth rate of 4.6% annually from 2024 to 2032, with an anticipated size of US$ 488 million by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global European OVD market, which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2032: US$ 488 million
Growth (CAGR): 4.6% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the European OVD Market:

The global European OVD market is segmented based on end-use type, product type, application type, and region.

Based on end-use type - The market is segmented into hospitals, ophthalmic clinics, and others.

Ophthalmic clinics are estimated to generate the highest demand for ophthalmic viscoelastic devices in the market during the forecast period. Ophthalmic clinics are estimated to generate the highest demand for ophthalmic viscoelastic devices in the market during the forecast period. Ophthalmic clinics experience higher foot traffic than hospitals and are a preferred choice for eye surgeries in Europe.

Based on the product type - The European OVD market is categorized into cohesive ophthalmic viscoelastic devices and dispersive viscoelastic devices.

Cohesive OVDs are poised to remain the dominant and faster-growing product in the market during the forecast period. Cohesive OVDs are poised to remain the dominant and fastest-growing product type in the market during the forecast period. Cohesive OVDs exhibit higher viscosity and solid behavior, akin to jelly (Healon GV, Provisc, and Amvisc). Their cohesiveness permits easy removal at the end of the process.

Based on the application type - The market is segmented into cataract surgery, glaucoma surgery, corneal transplant surgery, and vitreoretinal surgery.

Cataract surgery is projected to lead the application segment in the market during the forecast period. Cataract surgery is projected to lead the application segment in the market during the forecast period. Cataracts are the most common cause of blindness in Europe and worldwide, and their prevalence is continuously increasing.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3756/european-ovd-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that France is anticipated to remain the largest market for ophthalmic viscoelastic devices in Europe during the forecast period. This growth outlook is majorly attributed to the following-

• In terms of countries, the market is segmented into Germany, France, The UK, Russia, Spain, and the Rest of Europe.
• France is anticipated to remain the largest market for ophthalmic viscoelastic devices in Europe during the forecast period. France's dominant position in the market is significantly boosted by its high rate of cataract surgeries (recorded 1,417 per 100,000 people in 2021).
• Germany is expected to be the fastest-growing market during the forecast period. Cataract surgery is the most frequently performed medical surgery in Germany, leading to the extensive use of OVDs in the country.

European OVD Market Drivers:

Some of the key drivers listed in the report are given below.
• The growing prevalence of eye disorders among the elderly creates demand for affordable and versatile viscoelastic devices.
• Technological advancements have significantly improved the efficacy and accessibility of OVDs, further solidifying their role in critical ophthalmic surgeries.

Top Companies in the European OVD Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Alcon Inc.
• Bausch + Lomb
• Johnson & Johnson
• VSY Biotechnology GmbH
• Zeiss Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the European OVD Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• European In Vitro Diagnostics Market: https://www.stratviewresearch.com/3303/european-in-vitro-diagnostics-market.html
• In Vitro Diagnostics (IVD) Market: https://www.stratviewresearch.com/2595/In-Vitro-Diagnostics-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.