[187 Pages Report] The Ophthalmic Viscosurgical Devices Market size was estimated at USD 648.33 million in 2023 and expected to reach USD 702.86 million in 2024, at a CAGR 8.81% to reach USD 1,171.29 million by 2030.
Ophthalmic viscosurgical devices (OVDs) are sterile, viscoelastic devices that are used in eye surgery, primarily during cataract extraction and intraocular lens implantation, as well as in corneal transplantation surgery, glaucoma filtration, and retinal attachment procedures. These devices have unique viscoelastic properties that enable them to maintain eye tissue separation, stabilize ocular structures, protect endothelial cells, and create space within the eye during surgery. Meanwhile, the rising cases of ophthalmic and ocular diseases have propelled the demand for OVDs. However, the stringent government regulations associated with OVDs and the limited availability of invasive and non-invasive treatment options are significant challenges manufacturers face. Companies are frequently working towards adhering to government regulations and researching biocompatible materials or excretable to remain agile within the global space. Moreover, developing advanced OVDs with improved viscoelastic properties, lower toxicity, and enhanced ease of use during surgery presents potential opportunities for the companies. Additionally, expanding markets in emerging economies due to increasing healthcare infrastructure investments offer new avenues for growth.
Product: Growing popularity of cohesive and dispersive OVDs due to their versatility and surgical safety
Ophthalmic viscosurgical devices (OVDs) are pivotal in ocular surgeries, particularly during cataracts and corneal operations. These viscoelastic agents are categorized based on their physical properties and surgical applicability. Cohesive OVDs, known for their high molecular weight and elasticity, maintain a singular mass, facilitating easy removal from the anterior chamber. They are often used to hold space in the eye and manipulate tissues. Dispersive OVDs, with their lower molecular weight and viscosity, provide superior endothelial protection by creating a thin layer that coats the corneal endothelium. This makes them ideal during phacoemulsification, protecting the corneal endothelium from potential damage caused by surgical instruments or lens fragments. Meanwhile, combined OVDs, also known as viscoadaptive OVDs, offer a versatile solution that exhibits properties of both cohesive and dispersive types. They adapt to changes in surgical conditions, providing cohesive properties under low-flow situations while behaving as dispersive OVDs under high-shear conditions. Each type serves a specific purpose, and their application is crucial for the success and safety of ophthalmic procedures.
Application: Increasing uses of OVDs in cataract and keratoplasty surgeries offering clear visualizations while ensuring patient’s safety
Ophthalmic viscosurgical devices (OVDs) are crucial in enhancing safety and improving outcomes in various eye surgeries. In cataract surgery, OVDs are essential for maintaining anterior chamber depth, stabilizing eye structures, and protecting corneal endothelial cells during lens extraction and intraocular lens implantation. These devices provide clear visualization and facilitate the manipulation of tissues. During glaucoma surgery, OVDs help maintain the anterior chamber and prevent flat chamber complications postoperatively. They can also modulate the filtration rate in procedures such as trabeculectomy, preventing postoperative hypotony. In keratoplasty or corneal transplantation, OVDs preserve the corneal endothelium and provide space for surgical maneuvers. They contribute to the ease of donor cornea insertion and positioning, reduce trauma during suturing, and decrease postoperative edema, thereby enhancing the overall success of the procedure.
Regional Insights
In the Americas, the United States and Canada witnessed significant growth in the OVD market for ophthalmic viscosurgical devices, with a highly developed healthcare system and widespread adoption of cataract and refractive surgeries. Patient preference for minimally invasive procedures drives innovations and usage of premium OVD products in this region. In addition, Latin American countries are progressively adopting modern ophthalmic surgical devices, influenced by gradual improvements in healthcare infrastructure. On the other hand, Europe has a well-established market for OVDs, with a strong emphasis on quality and regulatory compliance alongside robust healthcare systems. The European Union’s demand for OVDs aligns with an aging population and high surgical standards, while the Middle Eastern market benefits from rising investments in healthcare facilities and a growing medical tourism industry. Moreover, the Asia Pacific region demonstrates a significant and growing demand for OVDs due to the increasing prevalence of ophthalmic conditions such as cataracts and glaucoma, especially in populous countries such as China and India. Advanced research and development facilities in Japan contribute to innovative OVD formulations, increasing the demand for OVDs.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Ophthalmic Viscosurgical Devices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ophthalmic Viscosurgical Devices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Ophthalmic Viscosurgical Devices Market, highlighting leading vendors and their innovative profiles. These include Advanced BioMatrix, Advin Health Care, ALBOMED GmbH, Alcon Inc., Amring Pharmaceuticals Inc., Bausch & Lomb Incorporated, Beaver-Visitec International, Inc., Bloomage Biotechnology Corporation Limited, Bohus BioTech AB, Carl Zeiss AG, CIMA Technology, Inc., Contipro a.s., Fidia Farmaceutici S.p.A., Henan Universe Intraocular Lens Research and Manufacture Co., Ltd., Ildong Hyaltech Co., Ltd., Johnson & Johnson Services, Inc., Kewpie Corporation, LG Chem Life Sciences, Lifecore Biomedical, Inc., Maxigen Biotech Inc., Ophtechnics Unlimited, Precision Lens, Rayner Group, SERVImed Industrial S.p.A., and Truviz Ophthalmic.
Market Segmentation & Coverage
This research report categorizes the Ophthalmic Viscosurgical Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Cohesive
- Combined
- Dispersive
- Application
- Cataract Surgery
- Glaucoma Surgery
- Keratoplasty
- End User
- Ambulatory Surgical Center
- Eye Specialty Clinics
- Hospitals
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Ophthalmic Viscosurgical Devices Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ophthalmic Viscosurgical Devices Market?
- What are the technology trends and regulatory frameworks in the Ophthalmic Viscosurgical Devices Market?
- What is the market share of the leading vendors in the Ophthalmic Viscosurgical Devices Market?
- Which modes and strategic moves are suitable for entering the Ophthalmic Viscosurgical Devices Market?
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