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Ophthalmic Viscosurgical Devices Market Size is expected to have the highest CAGR from 2022 to 2033 | Emergen Research
Ophthalmic Viscosurgical Devices Market Forecast to 2033The Global Ophthalmic Viscosurgical Devices Market Report is a comprehensive report on the Ophthalmic Viscosurgical Devices market, offering key insights on business strategies, current trends, and presenting qualitative and quantitative analysis of the Ophthalmic Viscosurgical Devices market. This report offers in-depth research insights on key and significant aspects of the Ophthalmic Viscosurgical Devices market, providing an in-depth analysis of key drivers, restraints, restraints, growth prospects, threats, and risks.
The report also includes an in-depth analysis of the competitive landscape and regional scope of the Ophthalmic Viscosurgical Devices market. Additionally, the report will be updated in line with changes in market dynamics and economic scenarios due to the COVID-19 pandemic. This report assesses the impact of the pandemic on the overall market and provides an in-depth assessment of the current and future impact of the COVID-19 pandemic on the industry.
The global Ophthalmic Viscosurgical Devices (OVD) Market is projected to grow from USD 426.6 million in 2024 to USD 720.7 million by 2033, registering a compound annual growth rate (CAGR) of 6.00% during the forecast period. This growth is primarily driven by an aging population, increasing prevalence of diabetes, and advancements in ophthalmic surgery.
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Market Growth Drivers
A key factor fueling the OVD market is the aging global population. With age-related eye conditions such as cataracts, glaucoma, and macular degeneration on the rise, the demand for ophthalmic surgeries continues to increase. Cataract surgery, the most common eye surgery worldwide, relies heavily on OVDs to maintain ocular structure and ensure safe surgical outcomes.
According to the National Institute on Aging, the population aged 60 and above is expected to grow from 1 billion in 2020 to 2.1 billion by 2050. This demographic shift will drive higher demand for OVDs, especially in countries like the U.S., Japan, and across Europe, where life expectancy is high and cataract surgeries are frequently performed.
Another major growth factor is the increasing prevalence of diabetes, which raises the risk of diabetic retinopathy, cataracts, and glaucoma-conditions that often require surgical intervention. The World Health Organization estimates that over 500 million adults worldwide currently have diabetes, a number expected to nearly double by 2045. As diabetic-related eye conditions become more common, the demand for ophthalmic surgeries and OVDs will continue to rise.
Technological Advancements Boosting Demand
Recent innovations in ophthalmic surgery, such as 3D imaging, laser-assisted cataract surgery, and minimally invasive techniques, are improving surgical outcomes and shortening recovery times. These advancements increase the need for high-quality OVDs, which play a critical role in maintaining eye pressure and protecting delicate tissues during procedures.
Surgeons increasingly prefer advanced viscoelastic materials that offer better control and safety in delicate intraocular procedures. The adoption of femtosecond laser-assisted cataract surgery, which demands high precision, is also driving demand for more specialized OVDs.
Challenges in the Market
Despite strong growth potential, the high cost of ophthalmic viscosurgical devices remains a key challenge. Advanced OVDs involve expensive materials, rigorous research and development, and strict regulatory approvals, making them costly for healthcare providers and patients. These high costs limit accessibility, especially in low- and middle-income countries, where advanced surgical equipment is less available.
Additionally, the need for specialized ophthalmic surgeons trained in OVD usage creates another barrier to widespread adoption. The availability of skilled professionals varies by region, further impacting market expansion.
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Market Trends by OVD Type
Among the different types of OVDs, dispersive OVDs hold the largest market share, primarily due to their widespread use in cataract surgeries. These devices provide essential protection to ocular tissues, reducing the risk of complications such as corneal endothelial damage.
However, viscoadaptive OVDs are expected to be the fastest-growing segment over the coming years. These OVDs can adjust their viscosity during surgery, making them ideal for complex procedures requiring high precision, such as laser-assisted cataract surgery. The increasing adoption of laser-based techniques is expected to further boost demand for viscoadaptive OVDs.
Some of the key companies in the global Ophthalmic Viscosurgical Devices Market include:
• Bausch & Lomb
• Carl Zeiss Meditec AG
• Johnson & Johnson Services, Inc.
• Alcon
• Rayner Group
• Bohus BioTech AB
• BVI
• Nordic Pharma, Inc.
• Truviz Ophthalmic
Ophthalmic Viscosurgical Devices Market Segmentation Analysis
By Type Outlook (Revenue, USD Million; 2020-2033)
• Dispersive
• Cohesive
• Viscoadaptive
By Source Outlook (Revenue, USD Million; 2020-2033)
• Animal
• Biological
• Semi-synthetic
By Application Outlook (Revenue, USD Million; 2020-2033)
• Cataract Surgery
• Glaucoma Surgery
• Corneal Grafting
• Vitreoretinal Grafting
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Regional Analysis Covers:
• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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