Global Ophthalmic Viscoelastic Devices (Ovd) Market, By Product Type (Dispersive Ophthalmic Viscoelastic Devices, Cohesive Ophthalmic Viscoelastic Devices), Application (Cataract Surgery, Glaucoma Surgery, Vitreoretinal Surgery, Corneal Transplantation Surgery, Others), Composition (Sodium Hyaluronate, Chondroitin Sulfate, Hydroxypropyl Methylcellulose), End-User (Ophthalmic Clinics, Hospitals, and Academic and Research Institutes) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Ophthalmic Viscoelastic Devices (Ovd) Market
The ophthalmic viscoelastic devices (Ovd) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 1270.27 million and grow at a CAGR of 10.18% in the above-mentioned forecast period. Increase in the prevalence of cataract and glaucoma worldwide drives the ophthalmic viscoelastic devices (Ovd) market.
Ophthalmic viscoelastic devices (OVDs) are the type of devices which are used by ophthalmologists in different eye surgeries such as glaucoma surgery, cataract surgery among others. These devices aid in protecting the delicate ocular structures along with creating pressure in the anterior chamber, compartmentalizing inside the eye, and also helps in offering a faster and safer surgery with better recovery for the patients. The ophthalmologists employ numerous sorts of ophthalmic instruments depending upon the need.
Rise in the surge in government initiatives to control visual impairment is the vital factor escalating the market growth, also increase in the adoption of ophthalmic viscoelastic devices across the globe, rise in the number of ophthalmic surgeries and increase in the government initiatives that aim at setting up guidelines to control the increase in vision impairment across the globe are the major factors among others driving the ophthalmic viscoelastic devices (Ovd) market. Moreover, increase in the potential of the emerging economies and rising research and development activities in the market will further create new opportunities for ophthalmic viscoelastic devices (Ovd) market in the forecasted period of 2021-2028.
However, increased cost of ophthalmic surgeries and rise in the dearth of advanced eye surgery devices and ophthalmic clinics are the major factors among others which will obstruct the market growth, and will further challenge the growth of ophthalmic viscoelastic devices (Ovd) market in the forecast period mentioned above.
The ophthalmic viscoelastic devices (Ovd) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ophthalmic viscoelastic devices (Ovd) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ophthalmic Viscoelastic Devices (Ovd) Market Scope and Market Size
The ophthalmic viscoelastic devices (Ovd) market is segmented on the basis of product type, application, composition and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, ophthalmic viscoelastic devices (Ovd) market is segmented into dispersive ophthalmic viscoelastic devices and cohesive ophthalmic viscoelastic devices.
- Based on application, the ophthalmic viscoelastic devices (Ovd) market is segmented into cataract surgery, glaucoma surgery, vitreoretinal surgery, corneal transplantation surgery and others.
- Based on composition, the ophthalmic viscoelastic devices (Ovd) market is segmented into sodium hyaluronate, chondroitin sulfate and hydroxypropyl methylcellulose.
- The ophthalmic viscoelastic devices (Ovd) market is also segmented on the basis of role of end-user into ophthalmic clinics, hospitals, and academic and research institutes.
Ophthalmic Viscoelastic Devices (Ovd) Market Country Level Analysis
The ophthalmic viscoelastic devices (Ovd) market is analysed and market size insights and trends are provided by country, product type, application, composition and end-user as referenced above.
The countries covered in the ophthalmic viscoelastic devices (Ovd) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ophthalmic viscoelastic devices (Ovd) market due to rise in the easy availability of skilled ophthalmologists and viscoelastic devices, rise in number of cataract surgeries performed, and rising presence of majority of key players, and surge in government intervention for prevention of visual impairment in this region. Asia-Pacific is the expected region in terms of growth in ophthalmic viscoelastic devices (Ovd) market due to rise in the population base, surge in disposable income, and rise in patient awareness toward eye care in this region.
The country section of the ophthalmic viscoelastic devices (Ovd) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The ophthalmic viscoelastic devices (Ovd) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for ophthalmic viscoelastic devices (Ovd) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ophthalmic viscoelastic devices (Ovd) market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Ophthalmic Viscoelastic Devices (Ovd) Market Share Analysis
The ophthalmic viscoelastic devices (Ovd) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ophthalmic viscoelastic devices (Ovd) market.
The major players covered in the ophthalmic viscoelastic devices (Ovd) market report are Altacor, Bausch Health Companies Inc., Bohus Biotech AB, Carl Zeiss Meditec, Eyekon Medical, Haohai Biological, Johnson & Johnson Services, Inc, Novartis AG and Rumex International Co among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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