Market Overview:
The global ophthalmic viscoelastic devices (OVD) market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of eye disorders, rising awareness about eye care, and technological advancements in OVD products. Based on type, the global ophthalmic viscoelastic devices (OVD) market is segmented into dispersives OVDs, cohesive OVDs, combination OVDs, and visco-adaptive OVDs. The dispersives segment is expected to account for the largest share of the global ophthalmic viscoelastic devices (OVD) market in 2018. This can be attributed to their high efficacy and easy availability.
Product Definition:
OVDs are medical devices used in ophthalmology to maintain the shape of the eye during surgery, and to reduce inflammation.
Dispersives OVDs:
Dispersives OVDs are a new class of ophthalmic viscoelastic devices that deliver both hydrophilic and lipophilic components in an optimized manner for the treatment of glaucoma.
The global dispersives OVDs, it's usage and growth factor in Ophthalmic Viscoelastic Devices (OVD) market was valued at USD 4.2 billion in 2015.
Cohesive OVDs:
Cohesive OVDs are a special type of viscoelastic material that is designed to be bound by an adhesive. Cohesive OVDs have several unique properties such as they can be easily altered in response to the ocular environment, they provide high optical clarity and low intraocular pressure, and lastly, they are also easy to remove when it is not required.
The global cohesive OVDs market size was valued at USD 12.5 million in 2016.
Application Insights:
Based on application, the global OVD market is segmented into hospitals and clinics, ambulatory care centers, others. Other applications include surgical theaters and diagnostic imaging rooms. The others segment held the largest share of the global market in 2017 due to a high prevalence of diabetes-related eye diseases that require frequent monitoring & treatment procedures over a period of time.
The hospital and clinic application segment is anticipated to grow at a lucrative rate during the forecast period owing to increasing demand for ophthalmic viscoelastic devices from diabetic retinopathy patients undergoing laser surgery or other treatments at hospitals or clinics. In addition, an increase in number of diabetic retinopathy patients across the globe will boost product demand over next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players, high adoption rate for advanced ophthalmic care solutions, and favorable reimbursement policies. The region is expected to maintain its dominance throughout the forecast period due to factors such as increasing geriatric population base and rising healthcare expenditure.
Europe accounted for a significant share in terms of revenue generation in 2017 owing to an increase in R&D investments by major companies operating within this region. Moreover, growing demand for ophthalmic care products that can be used both at home and hospital settings is anticipated to fuel regional growth over the forecast period.
Asia Pacific market was valued at USD X billion in 2017; it is projected to grow significantly during the forecast years on account of improving healthcare infrastructure coupled with rising awareness regarding advanced technologies among end-users including hospitals & clinics, OEMs & HMOs).
Growth Factors:
- Increasing prevalence of eye disorders: The increasing prevalence of various eye disorders, such as cataract, glaucoma, and age-related macular degeneration (AMD), is one of the key growth drivers for the global ophthalmic viscoelastic devices market. According to a study by the World Health Organization (WHO), over 285 million people were affected by vision impairment in 2015, and this number is expected to increase to more than 350 million by 2020. This growing population base is likely to drive demand for ophthalmic viscoelastic devices in the coming years.
- Rising awareness about eye care: There has been a significant rise in awareness about eye care in recent years, owing to increasing incidences of blindness and other vision-related problems across the globe. This has led consumers to increasingly adopt preventive measures such as using ophthalmic viscoelastic devices for early detection and treatment of various eye conditions.
- Technological advancements: The global ophthalmic viscoelastic devices market is witnessing rapid technological advancements that are helping manufacturers offer innovative products with better performance characteristics. These advancements are helping boost demand for these products among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ophthalmic Viscoelastic Devices (OVD) Market Research Report
By Type
Dispersives OVDs, Cohesive OVDs, Combination OVDs, Visco-Adapative OVDs
By Application
Hospitals & Clinics, Ambulatory Care Center, Others
By Companies
Johnson & Johnson, Alcon, Inc. (Switzerland), Bausch & Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Ellex Medical Laser Limited (Australia), Huvitz Co., Ltd. (South Korea), Iridex Corp. (US), Lumenis Ltd. (Israel), Nidek Co. Ltd (Japan), Topcon Corporation (Japan), Johnson & Johnson, Visionix Ltd. (Israel)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Ophthalmic Viscoelastic Devices (OVD) Market Report Segments:
The global Ophthalmic Viscoelastic Devices (OVD) market is segmented on the basis of:
Types
Dispersives OVDs, Cohesive OVDs, Combination OVDs, Visco-Adapative OVDs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals & Clinics, Ambulatory Care Center, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- Alcon, Inc. (Switzerland)
- Bausch & Lomb, Inc. (US)
- Carl Zeiss Meditec AG (Germany)
- Ellex Medical Laser Limited (Australia)
- Huvitz Co., Ltd. (South Korea)
- Iridex Corp. (US)
- Lumenis Ltd. (Israel)
- Nidek Co. Ltd (Japan)
- Topcon Corporation (Japan)
- Johnson & Johnson
- Visionix Ltd. (Israel)
Highlights of The Ophthalmic Viscoelastic Devices (OVD) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dispersives OVDs
- Cohesive OVDs
- Combination OVDs
- Visco-Adapative OVDs
- By Application:
- Hospitals & Clinics
- Ambulatory Care Center
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ophthalmic Viscoelastic Devices (OVD) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
OVD are a type of medical device that are used to treat certain types of vision problems. OVDs help to improve the flexibility and movement of the eye, which can help to improve vision.
Some of the major companies in the ophthalmic viscoelastic devices (ovd) market are Johnson & Johnson, Alcon, Inc. (Switzerland), Bausch & Lomb, Inc. (US), Carl Zeiss Meditec AG (Germany), Ellex Medical Laser Limited (Australia), Huvitz Co., Ltd. (South Korea), Iridex Corp. (US), Lumenis Ltd. (Israel), Nidek Co. Ltd (Japan), Topcon Corporation (Japan), Johnson & Johnson, Visionix Ltd. (Israel).
The ophthalmic viscoelastic devices (ovd) market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ophthalmic Viscoelastic Devices (OVD) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ophthalmic Viscoelastic Devices (OVD) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ophthalmic Viscoelastic Devices (OVD) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ophthalmic Viscoelastic Devices (OVD) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ophthalmic Viscoelastic Devices (OVD) Market Size & Forecast, 2020-2028 4.5.1 Ophthalmic Viscoelastic Devices (OVD) Market Size and Y-o-Y Growth 4.5.2 Ophthalmic Viscoelastic Devices (OVD) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dispersives OVDs
5.2.2 Cohesive OVDs
5.2.3 Combination OVDs
5.2.4 Visco-Adapative OVDs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals & Clinics
6.2.2 Ambulatory Care Center
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ophthalmic Viscoelastic Devices (OVD) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ophthalmic Viscoelastic Devices (OVD) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dispersives OVDs
9.6.2 Cohesive OVDs
9.6.3 Combination OVDs
9.6.4 Visco-Adapative OVDs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals & Clinics
9.10.2 Ambulatory Care Center
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dispersives OVDs
10.6.2 Cohesive OVDs
10.6.3 Combination OVDs
10.6.4 Visco-Adapative OVDs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals & Clinics
10.10.2 Ambulatory Care Center
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dispersives OVDs
11.6.2 Cohesive OVDs
11.6.3 Combination OVDs
11.6.4 Visco-Adapative OVDs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals & Clinics
11.10.2 Ambulatory Care Center
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dispersives OVDs
12.6.2 Cohesive OVDs
12.6.3 Combination OVDs
12.6.4 Visco-Adapative OVDs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals & Clinics
12.10.2 Ambulatory Care Center
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dispersives OVDs
13.6.2 Cohesive OVDs
13.6.3 Combination OVDs
13.6.4 Visco-Adapative OVDs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals & Clinics
13.10.2 Ambulatory Care Center
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ophthalmic Viscoelastic Devices (OVD) Market: Competitive Dashboard
14.2 Global Ophthalmic Viscoelastic Devices (OVD) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Alcon, Inc. (Switzerland)
14.3.3 Bausch & Lomb, Inc. (US)
14.3.4 Carl Zeiss Meditec AG (Germany)
14.3.5 Ellex Medical Laser Limited (Australia)
14.3.6 Huvitz Co., Ltd. (South Korea)
14.3.7 Iridex Corp. (US)
14.3.8 Lumenis Ltd. (Israel)
14.3.9 Nidek Co. Ltd (Japan)
14.3.10 Topcon Corporation (Japan)
14.3.11 Johnson & Johnson
14.3.12 Visionix Ltd. (Israel)