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Rising Prevalence Of Cataracts And Glaucoma Fueling Growth In The Ophthalmic Viscoelastic Devices Market
Ophthalmic Viscoelastic Devices Market Size
What Is the Current Ophthalmic Viscoelastic Devices Market Size and Its Estimated Growth Rate?
The Ophthalmic Viscoelastic Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Ophthalmic Viscoelastic Devices Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Ophthalmic Viscoelastic Devices Market Landscape?
The ophthalmic viscoelastic devices market covered in this report is segmented -
1) By Product Type: Cohesive Ophthalmic Viscoelastic, Dispersive Ophthalmic Viscoelastic
2) By Application: Cataract Surgery, Glaucoma Surgery, Corneal Transplant, Vitreoretinal Surgery
3) By End User: Hospital, Ophthalmology Clinics, Other End-Users
Subsegments:
1) By Cohesive Ophthalmic Viscoelastic: Sodium Hyaluronate, Hyaluronic Acid, Other Cohesive Types
2) By Dispersive Ophthalmic Viscoelastic: Sodium Chondroitin Sulfate, Dispersive Hydrogel, Other Dispersive Types
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Which Growth Factors Are Influencing Ophthalmic Viscoelastic Devices Market Expansion?
The rising incidence of cataracts and glaucoma is anticipated to fuel the expansion of the market for ophthalmic viscoelastic devices. Cataracts imply a decrease in vision due to cloudiness in the eyes. On the other hand, glaucoma comprises eye conditions responsible for damaging the optic nerve, often associated with an increase in intraocular pressure. If neglected, it can cause loss of sight and even blindness. Ophthalmic viscoelastic devices (OVD), resembling a gel-like matter, are utilized in eye surgeries, including those for cataracts and certain glaucoma procedures. For example, data from the BrightFocus Foundation, an American nonprofit organization, highlighted in October 2022 that there were about 80 million glaucoma patients worldwide. This number is projected to climb to almost 111 million by 2040. Hence, the escalating prevalence of cataracts and glaucoma is propelling the growth of the ophthalmic viscoelastic devices market.
Who Are the Dominant Players Across Different Ophthalmic Viscoelastic Devices Market Segments?
Major companies operating in the ophthalmic viscoelastic devices market include Altacor Ltd., Bausch Health Companies Inc., Bohus Biotech Ab, Carl Zeiss Meditec Ag, Cima Technology Inc., Eyekon Medical Inc., Haohai Biological Technology Co. Ltd., Johnson & Johnson Pvt. Ltd., Novartis International AG, Rumex International Corporation, Rayner Intraocular Lenses Limited, Aurolab, Ophtechnics Unlimited, Truviz Ophthalmic, Beye LLC, Alcon Inc., Beaver Visitec Limited, Neu Micromed International Pvt. Ltd., Abbott Medical Optics, Maxigen Biotech Inc., Amring Pharmaceuticals Inc., OcuCo Ltd., Precision Lens Co. Ltd., Croma Pharma GmbH, Medicontur Medical Engineering Ltd., Rhein Medical Inc., MicroSurgical Technology, FCI Ophthalmics Inc., Hanita Lenses Ltd., HOYA Medical Singapore Pte. Ltd.
What Are the Latest Developing Trends in the Ophthalmic Viscoelastic Devices Market?
In the ophthalmic viscoelastic devices market, product innovation is becoming an increasingly important trend. To maintain a competitive edge, companies in this market are embracing novel technologies. For example, Bausch + Lomb Corporation, an American eye health firm, introduced the StableVisc cohesive ophthalmic viscosurgical device (OVD) and the TotalVisc Viscoelastic System in April 2023. StableVisc, a cohesive OVD, serves to keep the anterior chamber of the eye open, facilitating the removal and replacement of the cloudy natural lens by surgeons. The TotalVisc Viscoelastic System comprises both StableVisc and ClearVisc, a dispersive OVD, safeguarding ocular tissue during surgery. These products incorporate sodium hyaluronate and sorbitol, a distinctive chemical compound that has demonstrated superior free radical scavenging characteristics compared to other OVDs in lab tests. The TotalVisc OVD provides both mechanical and chemical protection.
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Which Geographic Regions Are Expected to Dominate the Ophthalmic Viscoelastic Devices Market in the Coming Years?
North America was the largest region in the ophthalmic viscoelastic devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global ophthalmic viscoelastic devices market report during the forecast period. The regions covered in the ophthalmic viscoelastic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ophthalmic Viscoelastic Devices Market?
2. What is the CAGR expected in the Ophthalmic Viscoelastic Devices Market?
3. What Are the Key Innovations Transforming the Ophthalmic Viscoelastic Devices Industry?
4. Which Region Is Leading the Ophthalmic Viscoelastic Devices Market?
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