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Ophthalmic Viscosurgical Devices Market 2020 growth factors, latest trend and regional analysis of leading players by 2026

Author : Ronak Bora | Published Date : 2020-09-04 

Ophthalmic Viscosurgical Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rising prevalence of ophthalmic diseases, as well as non-invasive surgery, will fuel ophthalmic viscosurgical devices (OVD) market size in the near future. Newer innovations in the industry have come up with ophthalmic viscosurgical devices that exhibit visco-adaptive features in order to avoid capsular breaks as well as provide total endothelial protection. This has made the cataract and the refractive procedures safe and easy.

Growing incidences of ophthalmic disorders across the world have offered an impetus to the growth of ophthalmic viscosurgical devices market size. According to the Lancet Global Health Journal, in India, over 47.7 million people were reported with moderate to severe vision impairment and about 8.8 million people were suffering from blindness in 2015. People with diabetes are said to be more susceptible to some or other forms of ocular disorders.

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As per the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), around 1 in 3 diabetic people, aged 40 years and above have been reported to show signs of diabetic retinopathy. Intensifying prevalence of ophthalmic and other related disorders has generated colossal demand for ophthalmic viscosurgical devices in recent years.

An in-depth research study conducted by Global Market Insights, Inc., predicts that ophthalmic viscosurgical devices industry size will surpass the valuation of around $1 billion by 2026.

The elderly population witnessing substantial occurrence of age-related macular degeneration (AMD) as well as glaucoma. This has resulted in an escalating adoption of cataract surgeries in developed as well as emerging economies, majorly contributing towards OVD demand.

For example, as per the National Eye Institute, it is estimated that people suffering from age-related macular degeneration will be doubling from about 2.07 million to 5.44 million by the year 2050. Patients across the world have increasingly been preferring minimal or non-invasive treatments, that include LASIK surgeries, bolstering ophthalmic viscosurgical devices industry trends in the near future.

There has been a growing prevalence of patients suffering from diabetes as well as other ophthalmic diseases that has triggered the demand for OVDs. People with diabetes have been said to suffer higher risks for different types of ocular diseases.

Moreover, there have been increasing cases of patients with myopia that require surgeries using ophthalmic viscosurgical devices. As these and other similar disorders have been on a rise from the past few years, it has encouraged the production of technologically advanced devices. 

As per the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), nearly 1 in every 3 diabetic patients who are of the aged 40 and above and have also been showing signs of diabetic retinopathy.

The availability of a fully developed healthcare infrastructure as well as the use of advanced technological devices across various hospital facilities has helped boost the deployment of ophthalmic viscosurgical devices. The governments have taken a number of initiatives across both developed and developing countries in the world to reduce the cost of ophthalmic surgeries that are to be performed in the hospitals.

This has been accompanied by the favorable reimbursement policies provided by the hospitals and other healthcare payers, attracting major attention from patients. The hospital segment from ophthalmic viscosurgical devices market size had captured about 44% of the revenue share in the year 2019 and is expected to continue with consistent growth in the coming years.  

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/ophthalmic-viscosurgical-devices-market

Partial Chapter of the Table of Content 

Chapter 4.  Ophthalmic Viscosurgical Devices Market, By Product

4.1. Key segment trends

4.2. Dispersive

4.2.1.  Market size, by region, 2015 - 2026 (USD Million)

4.3. Cohesive

4.3.1.  Market size, by region, 2015 - 2026 (USD Million)

4.4. Combined

4.4.1.  Market size, by region, 2015 - 2026 (USD Million)

Chapter 5.  Ophthalmic Viscosurgical Devices Market, By Application

5.1. Key segment trends

5.2. Cataract surgery

5.2.1.  Market size, by region, 2015 - 2026 (USD Million)

5.3. Vitreoretinal surgery

5.3.1.  Market size, by region, 2015 - 2026 (USD Million)

5.4. Canaloplasty

5.4.1.  Market size, by region, 2015 - 2026 (USD Million)

5.5. Refractive surgery

5.5.1.  Market size, by region, 2015 - 2026 (USD Million)

5.6. Keratoplasty

5.6.1.  Market size, by region, 2015 - 2026 (USD Million)

5.7. Others

5.7.1.  Market size, by region, 2015 - 2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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