The Infinium Global Research analyzes the Ophthalmic Viscosurgical Devices Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global ophthalmic viscosurgical devices market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of ophthalmic viscosurgical devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the ophthalmic viscosurgical devices market during the period. The global ophthalmic viscosurgical devices market is projected to grow at a CAGR of 9.8% over the forecast period of 2018-2024.
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Diabetic Retinopathy and Blindness, and These Diseases are Anticipated to Propel the Ophthalmic Viscosurgical Devices Market
Ophthalmic Viscosurgical Devices (OVDs) are 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. Several diabetic people are suffering from complications such as diabetic retinopathy and blindness, and these diseases are anticipated to propel the ophthalmic viscosurgical devices market.
Additionally, high life expectancy and shift of average old age population globally has led to increased incidence of cataract cases, which is expected to contribute to the growth of the global ophthalmic viscosurgical devices market. Along with cataract disease, increasing incidence of age-related macular degeneration (AMD) and glaucoma are some factors helping to drive the market.
North America Dominates the Ophthalmic Viscosurgical Devices Market
On the basis of region, the global ophthalmic viscosurgical devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominates the ophthalmic viscosurgical devices market due to rising prevalence of eye-related diseases, increased government initiatives to increase awareness regarding eye diseases and high adoption of advanced technology products.
Furthermore, adoption of an unhealthy lifestyle which gives rise to a high incidence rate of diabetes that causes diabetic retinopathy will further drive the industry growth. The Asia Pacific is expected to generate fastest growth rate over the forecast period. The growth is majorly attributed due to increasing prevalence of diabetic retinopathy, growing geriatric population who are more prone to cataract.
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Ophthalmic Viscosurgical Devices Market Segmentation
The report on global ophthalmic viscosurgical devices market covers segments such as, product type, application and end-use. On the basis of product type the global ophthalmic viscosurgical devices market is categorized into dispersive, cohesive and combined. On the basis of application, the global ophthalmic viscosurgical devices market is categorized into cataract surgery, glaucoma surgery, keratoplasty and others. On the basis of end-use the global ophthalmic viscosurgical devices market is categorized into hospitals, eye specialty clinics and others (ambulatory surgical centers).
Key Players in the Ophthalmic Viscosurgical Devices Market
The report provides profiles of the companies in the global ophthalmic viscosurgical devices market such as, Alcon, Abbott Medical Optics, Carl-Zeiss, Bausch & Lomb, Precision Lens, Covidien, Rayner, SD Healthcare, Hyaltech and CIMA Technology, Inc.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the ophthalmic viscosurgical devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.