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Global Ophthalmic Viscoelastic Devices (OVD) Market: By Product: Cohesive Ophthalmic Viscoelastic, Dispersive Ophthalmic Viscoelastic; By Applications; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Ophthalmic Viscoelastic Devices (OVD) Market Outlook

The global ophthalmic viscoelastic devices (OVD) industry was valued at USD 2425 million in 2020 and is expected to grow at a CAGR of 4.1% during the forecast period of 2021-2026.

 

Global Ophthalmic Viscoelastic Devices (OVD) Market

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The global ophthalmic viscoelastic device (OVD) market is being driven by initiatives undertaken by governments that aim at setting guidelines for controlling the rising vision impairment.

 

Properties and Applications

Ophthalmic viscoelastic devices (OVD) are used in eye surgeries such as cataract surgery and glaucoma surgery to protect the sensitive eye structures along with generating stress in the anterior chamber and compartmentalizing the inside of an eye. Its application sectors include cataract surgery, glaucoma surgery, corneal transplant, and vitreoretinal surgery. The end-users of the product are:

 

Global Ophthalmic Viscoelastic Devices (OVD) Market By End Use

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  • Hospitals
  • Ophthalmic Clinics 
  • Others

The ophthalmic viscoelastic device (OVD) market can be further bifurcated based on product type into:

  • Cohesive Ophthalmic Viscoelastic
  • Dispersive Ophthalmic Viscoelastic

The EMR report looks into the regional markets of ophthalmic viscoelastic devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Ophthalmic Viscoelastic Devices (OVD) Market By Region

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Market Analysis

The global ophthalmic viscoelastic devices (OVD) industry is being aided by factors like increasing government initiatives that aim at establishing rules to control the rising vision impairment by compelling producers to introduce new ophthalmic equipment in the market. Increasing cataract and glaucoma prevalence, rising number of eye surgeries, and the growing geriatric population are the other factors contributing to the growth of the global ophthalmic viscoelastic devices (OVD) industry. The high cost for ophthalmic surgery might hinder the growth of the global market.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global ophthalmic viscoelastic devices (OVD) industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Altacor 
  • Bausch Health Companies, Inc. (NYSE: BHC)
  • Carl Zeiss Meditec AG
  • Bohus Biotech Ab 
  • Eyekon Medical Inc. 
  • Haohai Biological Technology 
  • Novartis International AG (Alcon Inc.) 
  • Rumex International Corporation
  • Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Applications, End Use, Region
Breakup by Product Cohesive Ophthalmic Viscoelastic, Dispersive Ophthalmic Viscoelastic
Breakup by Applications Cataract Surgery, Glaucoma Surgery, Corneal Transplant, Vitreoretinal Surgery
Breakup by End Use Hospitals, Ophthalmic Clinics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Altacor, Bausch Health Companies, Inc., Carl Zeiss Meditec AG, Bohus Biotech Ab, Eyekon Medical Inc., Haohai Biological Technology, Novartis International AG (Alcon Inc.), Rumex International Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data
3    Executive Summary
    3.1    Market Overview
    3.2    Market Analysis 
4    Global Ophthalmic Viscoelastic Devices (OVD) Market 
    4.1    Global Ophthalmic Viscoelastic Devices (OVD) Market (2016-2020) & Forecast (2021-2026)
    4.2    Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by Product
        4.2.1    Cohesive Ophthalmic Viscoelastic 
        4.2.2    Dispersive Ophthalmic Viscoelastic
    4.3    Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
        4.3.1    Cohesive Ophthalmic Viscoelastic 
        4.3.2    Dispersive Ophthalmic Viscoelastic
    4.4    Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by Applications
        4.4.1    Cataract Surgery
        4.4.2    Glaucoma Surgery
        4.4.3    Corneal Transplant
        4.4.4    Vitreoretinal Surgery
    4.5    Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by Applications: Historical Market (2016-2020) & Forecast (2021-2026)
        4.5.1    Cataract Surgery
        4.5.2    Glaucoma Surgery
        4.5.3    Corneal Transplant
        4.5.4    Vitreoretinal Surgery
    4.6     Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by End Use
        4.6.1    Hospitals
        4.6.2    Ophthalmic Clinics
        4.6.3    Others
    4.7    Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
        4.7.1    Hospitals
        4.7.2    Ophthalmic Clinics
        4.7.3    Others
    4.8    Viscoelastic Devices (OVD) Market Breakup by Region
        4.8.1    North America
            4.8.1.1    United States of America
            4.8.1.2    Canada
        4.8.2    Europe
            4.8.2.1    Germany
            4.8.2.2    United Kingdom
            4.8.2.3    France
            4.8.2.4    Italy
            4.8.2.5    Others
        4.8.3    Asia Pacific
            4.8.3.1    China
            4.8.3.2    Japan
            4.8.3.3    India
            4.8.3.4    ASEAN
            4.8.3.5    Others
        4.8.4    Latin America
            4.8.4.1    Brazil
            4.8.4.2    Argentina
            4.8.4.3    Mexico
            4.8.4.4   Others
        4.8.5    Middle East & Africa
            4.8.5.1    Saudi Arabia
            4.8.5.2    United Arab Emirates
            4.8.5.3    Nigeria
            4.8.5.4    South Africa
            4.8.5.5    Others
    4.9     Global Ophthalmic Viscoelastic Devices (OVD) Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        4.9.1    North America
            4.9.1.1    United States of America
            4.9.1.2    Canada
        4.9.2    Europe
            4.9.2.1    Germany
            4.9.2.2    United Kingdom
            4.9.2.3    France
            4.9.2.4    Italy
            4.9.2.5    Others
        4.9.3    Asia Pacific
            4.9.3.1    China
            4.9.3.2    Japan
            4.9.3.3    India
            4.9.3.4    ASEAN
            4.9.3.5    Others
        4.9.4    Latin America
            4.9.4.1    Brazil
            4.9.4.2    Argentina
            4.9.4.3    Mexico
            4.9.4.4   Others
        4.9.5    Middle East & Africa
            4.9.5.1    Saudi Arabia
            4.9.5.2    United Arab Emirates
            4.9.5.3    Nigeria
            4.9.5.4    South Africa
            4.9.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Key Players & Company Profile Analysis 
    7.1    Altacor 
    7.2    Bausch Health Companies, Inc. 
    7.3    Carl Zeiss Meditec AG
    7.4    Bohus Biotech Ab 
    7.5    Eyekon Medical Inc. 
    7.6    Haohai Biological Technology 
    7.7    Novartis International AG (Alcon Inc.) 
    7.8    Rumex International Corporation 
    7.9    Others
8    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global ophthalmic viscoelastic devices market attained a value of nearly USD 2425 million.

The market is projected to grow at a CAGR of 4.1% between 2021 and 2026.

The major drivers of the market include rising urbanisation, Increasing cataract and glaucoma prevalence, rising number of eye surgeries, and the growing geriatric population.

Increasing initiatives undertaken by governments that aim at setting guidelines for controlling the rising vision impairment are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Cohesive ophthalmic viscoelastic and dispersive ophthalmic viscoelastic are the two product types.

The leading application sectors include cataract surgery, glaucoma surgery, corneal transplant, and vitreoretinal surgery.

The end use sectors include hospitals and ophthalmic clinics, among others.

The major players in the industry are Altacor, Bausch Health Companies, Inc., Carl Zeiss Meditec AG, Bohus Biotech Ab, Eyekon Medical Inc., Haohai Biological Technology, Novartis International AG, and Rumex International Corporation, among others.

Analyst Review

The global ophthalmic viscoelastic devices market attained a value of USD 2425 million in 2020, driven by the initiatives undertaken by governments that aim at setting guidelines for controlling the rising vision impairment. Aided by increasing cataract and glaucoma prevalence, rising number of eye surgeries, and the growing geriatric population, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.1%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the ophthalmic viscoelastic devices industry can be segmented into cohesive ophthalmic viscoelastic and dispersive ophthalmic viscoelastic. The leading application sectors include cataract surgery, glaucoma surgery, corneal transplant, and vitreoretinal surgery. The end use sectors include hospitals and ophthalmic clinics, among others. The major regional markets for ophthalmic viscoelastic devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Altacor, Bausch Health Companies, Inc., Carl Zeiss Meditec AG, Bohus Biotech Ab, Eyekon Medical Inc., Haohai Biological Technology, Novartis International AG, and Rumex International Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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