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Report Overview

The global ophthalmic viscoelastic devices (OVD) industry was valued at USD 2735.67 Million in 2023 and is expected to grow at a CAGR of 4.10% during the forecast period of 2024-2032.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

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.

Market Segmentation

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.

Market Breakup by Product:

  • Cohesive Ophthalmic Viscoelastic
  • Dispersive Ophthalmic Viscoelastic

Market Breakup by Applications:

  • Cataract Surgery
  • Glaucoma Surgery
  • Corneal Transplant
  • Vitreoretinal Surgery

Market Breakup by End Use:

  • Hospitals
  • Ophthalmic Clinics
  • Others

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Ophthalmic Viscoelastic Devices (OVD) Market By Segments

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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.

Ophthalmic Viscoelastic Devices (OVD) Market By Region

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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:

  • Bausch & Lomb, Inc.
  • Altacor Ltd.
  • Carl Zeiss Meditec AG
  • Rumex International Co.
  • Eyekon Medical Inc
  • Bohus Biotech AB
  • Shanghai Haohai Biological Technology Co., Ltd.
  • Alcon Vision LLC
  • 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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bausch & Lomb, Inc.
  • Altacor Ltd.
  • Carl Zeiss Meditec AG
  • Rumex International Co.
  • Eyekon Medical Inc
  • Bohus Biotech AB
  • Shanghai Haohai Biological Technology Co., Ltd.
  • Alcon Vision LLC
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global ophthalmic viscoelastic devices market attained a value of nearly USD 2735.67 Million.

The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.

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 Bausch & Lomb, Inc., Altacor Ltd., Carl Zeiss Meditec AG, Rumex International Co., Eyekon Medical Inc., Bohus Biotech AB, Shanghai Haohai Biological Technology Co., Ltd., Alcon Vision LLC, Others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124