Comprehensive Ophthalmic Viscoelastic Devices Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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Ophthalmic Viscoelastic Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of ophthalmic viscoelastic devices has experienced consistent growth in the past few years. The anticipated rise is from $2.65 billion in 2024 to $2.72 billion in 2025, showcasing a compound annual growth rate (CAGR) of 2.5%. The previous growth can be credited to various factors including an increase in the number of cataract surgeries, progression in ophthalmic surgical methodologies, aging population trends, heightened occurrence of eye disorders, and enhanced patient consciousness and accessibility to eye care.

Ophthalmic Viscoelastic Devices Market Size Forecast: What's the Projected Valuation by 2029?
The market for ophthalmic viscoelastic devices is anticipated to witness stable expansion in the coming years, reaching $3.3 billion in 2029 with a CAGR of 4.9%. Factors contributing to the predicted growth in the forecast period include improvements in device technology, broader usage in ocular surgeries, increased appetite for high-end intraocular lenses, global initiatives for eye health and vision care, entrance into emerging markets, partnerships and ophthalmology training programs. Emerging trends expected to prevail during the forecast period encompass tailored ophthalmic solutions, adherence to regulatory standards and quality control, cooperations and alliances, a leaning towards high-quality products by patients, and persistent research and development.

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What Are the Drivers Transforming the Ophthalmic Viscoelastic Devices Market?
The rise in the number of cataracts and glaucoma cases is anticipated to fuel the expansion of the ophthalmic viscoelastic devices market in the future. Cataract typically signifies a decrease in vision due to the clouding in the eyes. On the other hand, Glaucoma comprises a set of eye disorders that harm the optic nerve, usually because of increased pressure within the eye. If it remains untreated, it can lead to vision loss and even blindness. An ophthalmic viscoelastic device (OVD) is a substance similar to gel used in eye surgeries, like cataract surgery and particular glaucoma procedures. The BrightFocus Foundation, a nonprofit based in the US, reported in October 2022 that there were 80 million global glaucoma patients, and this figure is predicted to jump to almost 111 million by 2040. Thus, the increasing occurrence of cataracts and glaucoma is propelling the expansion of the ophthalmic viscoelastic devices market.

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Which Emerging Trends Are Transforming the Ophthalmic Viscoelastic Devices Market in 2025?
The rise in product innovations is a central trend observed in the market for ophthalmic viscoelastic devices (OVDs). To ensure their market dominance, firms in this domain are leveraging new technologies. For example, Bausch + Lomb Corporation, an established eye health firm from the United States, introduced the StableVisc cohesive ophthalmic viscosurgical device and the TotalVisc Viscoelastic System in April 2023. StableVisc, a type of cohesive OVD, is designed to preserve space in the eye's anterior chamber, facilitating the removal and replacement of the clouded natural lens by surgeons. The TotalVisc Viscoelastic System incorporates both StableVisc and ClearVisc, a dispersive OVD, aimed to safeguard the ocular tissue amid the surgery. These innovation contains sodium hyaluronate and sorbitol, a distinct chemical compound. Compared to other OVDs studied in lab research, this compound has shown superior free radical scavenging abilities. The TotalVisc OVD provides protection both mechanically and chemically.

Which Segments in the Ophthalmic Viscoelastic Devices Market Offer the Most Profit Potential?
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 Firms Dominate the Ophthalmic Viscoelastic Devices Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Ophthalmic Viscoelastic Devices Market?
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

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