Ophthalmic Viscoelastic devices (OVD) Market 2027 Top Key Player - ZEISS Medical Technology, Bohus BioTech AB, Lifecore Biomedical

The Global Ophthalmic Viscoelastic devices (OVD) Market is expected to reach $ 1,203.26 million by the end of 2027, this market is projected to growing at a CAGR of ~ 11.6 % during 2017-2027.

Ophthalmic Viscosurgical Device (OVD) is viscoelastic solutions used in cataract surgery to create and maintain space in the anterior chamber of the eye during phacoemulsification and implantation of an intraocular lens (IOL), as well as protect the corneal endothelium and coat surgical instruments. Different types of ophthalmic viscoelastic devices (dispersive and cohesive OVDs) are available to support the surgical technique (level of protection, safety, space, ease of removal) and workflow (volume, ease of use and consistent supply) of cataract surgeons. Most OVDs contain sodium hyaluronate (NaHA) or hydroxypropyl methylcellulose (HPMC).

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Market for Ophthalmic Viscoelastic devices (OVD) is growing with the rise in geriatric (old age) population; population aged 40 years and above is affected by cataract, indicating that a large number of populace is diagnosed with cataract. Therefore to treat the affected populace OVDs would gain a huge traction in the recent future. According to a recent study report published by the Market Research Future, the global market for Ophthalmic Viscoelastic devices (OVD) is estimated to witness a steady growth by 2027, in terms of value with a substantial CAGR; surpassing its previous growth records by the end of the forecasted period (2016 – 2027).

Growing prevalence of Cataract along with the increasing geriatric populace is mainly driving the growth of Ophthalmic Viscoelastic devices market. Additionally, growing awareness towards health and regulatory shift in focus towards resolving unmet medical needs is contributing the market growth. Moreover, technical advancement that making the cataract surgeries easier and the improving economic conditions is providing an added impetus to the market growth of Ophthalmic Viscoelastic Devices market. However, factors such as lack of health care insurance, lack of general awareness among people about eye disorders and poor primary health care infrastructure are posing as a challenge or hindrance to the growth of Ophthalmic Viscoelastic devices market, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 120 pages.

Ophthalmic Viscoelastic Devices (OVD) Global Market – Key Players

Major players having a strong presence in the international and regional market adorn the global Ophthalmic Viscoelastic Devices market as highly competitive and fragmented.

Ophthalmic Viscoelastic Devices market is no exception when it comes to adopting strategies trends, to sustain the market position and to drive the market; Key Players of the market adopt the same prevailing trends such as merger & acquisition or strategic collaboration and investing in local manufacturers in emerging economies for product developments and manufacturing activities. Manufacturers strive to develop innovative products which can deliver more than just safe and effective results.

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Profiled in MRFR Analysis some of the key players operating in the in Ophthalmic Viscoelastic Devices market are Abbott Laboratories Inc. (U.S), ZEISS Medical Technology, Bohus BioTech AB (Sweden), Lifecore Biomedical, LLC (U.S), Rayner (UK), SD Healthcare and others.

Brief TOC

Report Prologue
Introduction
Research Methodology
Market Dynamics
Market Factor Analysis
Global Ophthalmic Viscoelastic Devices (OVDs) Market, Types
Global Ophthalmic Viscoelastic Devices Market, Application
Global Ophthalmic Viscoelastic Devices Market, End-User
Global Ophthalmic Viscoelastic Devices Market, By Region
Company Landscape
Company Profiles
Conclusion
Appendix

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