Market Overview:
The global viscoelastic for eye surgery market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye diseases and disorders, rising geriatric population, and technological advancements in ophthalmic surgeries. By type, the sodium hyaluronate segment is expected to account for the largest share of the global viscoelastic for eye surgery market in 2018. By application, cataract surgery is expected to account for the largest share of the global viscoelastic for eye surgery market in 2018.
Product Definition:
Viscoelastic is a material that has both viscous and elastic properties. It is often used in eye surgery to help keep the eye stable and to prevent it from moving around during the procedure.
Sodium Hyaluronate:
Sodium hyaluronate (NaHA) is a chemical compound, which occurs naturally in the body as a part of the connective tissue. It is widely used in medical applications such as wound healing and cartilage repair. The current global scenario indicates that sodium hyaluronate has emerged as one of the most important viscoelastic agents for ophthalmic surgery market over recent years owing to its growing usage rate and expanding application scope across various surgical procedures.
Hydroxypropyl Methyl Cellulose:
Hydroxypropyl Methyl Cellulose (HPMC) is a synthetic compound, which is produced by the chemical modification of cellulose. It has an appearance like that of natural collagen and acts as a viscoelastic in the eye surgery market.
Application Insights:
Glaucoma surgery segment held the largest market share in 2017. This is due to rising incidence of glaucoma and increasing awareness among patients regarding this condition. Glaucoma is a common cause of blindness, which requires surgical treatment as it progresses untreated. The most common surgical procedures used for glaucoma are trabeculectomy and IOL implantation.
Hydroxypropyl methyl cellulose (HPMC) was the second-largest viscoelastic material used in ocular surgeries in 2017, owing to its ability to reduce inflammation and scarring after cataract surgery as well as other benefits such as faster recovery time compared with sodium hyaluronate (HA). HPMC has been proven effective not only for cataract surgery but also for lens replacement procedures such as IOL implantation or pars planitis repair, which makes it a favorable option over other materials currently available on the market.
Regional Analysis:
North America dominated the global viscoelastic for eye surgery market in 2017. This can be attributed to factors such as increasing cataract surgeries, high disposable income, and rising awareness about advanced treatment options. According to the American Academy of Ophthalmology (AAO), ophthalmic disease accounts for a major proportion of visits to general physicians in U.S.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as growing medical tourism industry, increasing per capita income levels coupled with rising healthcare expenditure by governments & private sectors, and growing demand for advanced & cost-effective treatments in this region.
The key players operating within Asia Pacific are Bausch + Lomb Incorporated; Cipla Inc.; Dr Reddy's Laboratories Ltd.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The trend of minimally invasive surgeries is increasing worldwide due to various benefits such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. This is expected to drive the demand for viscoelastic products used in eye surgery procedures.
- Growing prevalence of eye diseases: The global prevalence of eye diseases is increasing due to the aging population and rising incidence of diabetes and other lifestyle-related disorders. This is expected to boost the demand for ophthalmic procedures, which will in turn drive the growth of the viscoelastic market for eye surgery.
- Technological advancements in ophthalmic devices: Ophthalmic device manufacturers are constantly innovating their products with advanced technologies that offer better patient outcomes. This is likely to increase adoption rates of these devices, thereby propelling the growth of the viscoelastic market for eye surgery procedures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Viscoelastic for Eye Surgery Market Research Report
By Type
Sodium Hyaluronate, Hydroxypropyl Methyl Cellulose
By Application
Cataract Surgery, Glaucoma Surgery, Intraocular Lens Implantation, Penetrating Keratoplasty, Other
By Companies
Abbott, Corneal(Allergan), Galdermal(Q-Med), LG Life Science, Bohus BioTech, IMEIK, Bloomage Freda, Shanghai Haohai Biological Technology
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Viscoelastic for Eye Surgery Market Report Segments:
The global Viscoelastic for Eye Surgery market is segmented on the basis of:
Types
Sodium Hyaluronate, Hydroxypropyl Methyl Cellulose
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
Cataract Surgery, Glaucoma Surgery, Intraocular Lens Implantation, Penetrating Keratoplasty, Other
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:
- Abbott
- Corneal(Allergan)
- Galdermal(Q-Med)
- LG Life Science
- Bohus BioTech
- IMEIK
- Bloomage Freda
- Shanghai Haohai Biological Technology
Highlights of The Viscoelastic for Eye Surgery 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:
- Sodium Hyaluronate
- Hydroxypropyl Methyl Cellulose
- By Application:
- Cataract Surgery
- Glaucoma Surgery
- Intraocular Lens Implantation
- Penetrating Keratoplasty
- Other
- 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 Viscoelastic for Eye Surgery 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?
Viscoelasticity is the ability of a material to return to its original shape after being stretched or compressed. This property is important for eye surgery because it allows surgeons to stretch and compress the tissue around an eyeball without causing permanent damage.
Some of the major companies in the viscoelastic for eye surgery market are Abbott, Corneal(Allergan), Galdermal(Q-Med), LG Life Science, Bohus BioTech, IMEIK, Bloomage Freda, Shanghai Haohai Biological Technology.
The viscoelastic for eye surgery 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 Viscoelastic for Eye Surgery 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 Viscoelastic for Eye Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Viscoelastic for Eye Surgery 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 Viscoelastic for Eye Surgery 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 Viscoelastic for Eye Surgery Market Size & Forecast, 2020-2028
4.5.1 Viscoelastic for Eye Surgery Market Size and Y-o-Y Growth
4.5.2 Viscoelastic for Eye Surgery 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 Sodium Hyaluronate
5.2.2 Hydroxypropyl Methyl Cellulose
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 Cataract Surgery
6.2.2 Glaucoma Surgery
6.2.3 Intraocular Lens Implantation
6.2.4 Penetrating Keratoplasty
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Viscoelastic for Eye Surgery 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 Viscoelastic for Eye Surgery 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 Sodium Hyaluronate
9.6.2 Hydroxypropyl Methyl Cellulose
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 Cataract Surgery
9.10.2 Glaucoma Surgery
9.10.3 Intraocular Lens Implantation
9.10.4 Penetrating Keratoplasty
9.10.5 Other
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 Sodium Hyaluronate
10.6.2 Hydroxypropyl Methyl Cellulose
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 Cataract Surgery
10.10.2 Glaucoma Surgery
10.10.3 Intraocular Lens Implantation
10.10.4 Penetrating Keratoplasty
10.10.5 Other
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 Sodium Hyaluronate
11.6.2 Hydroxypropyl Methyl Cellulose
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 Cataract Surgery
11.10.2 Glaucoma Surgery
11.10.3 Intraocular Lens Implantation
11.10.4 Penetrating Keratoplasty
11.10.5 Other
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 Sodium Hyaluronate
12.6.2 Hydroxypropyl Methyl Cellulose
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 Cataract Surgery
12.10.2 Glaucoma Surgery
12.10.3 Intraocular Lens Implantation
12.10.4 Penetrating Keratoplasty
12.10.5 Other
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 Sodium Hyaluronate
13.6.2 Hydroxypropyl Methyl Cellulose
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 Cataract Surgery
13.10.2 Glaucoma Surgery
13.10.3 Intraocular Lens Implantation
13.10.4 Penetrating Keratoplasty
13.10.5 Other
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 Viscoelastic for Eye Surgery Market: Competitive Dashboard
14.2 Global Viscoelastic for Eye Surgery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Corneal(Allergan)
14.3.3 Galdermal(Q-Med)
14.3.4 LG Life Science
14.3.5 Bohus BioTech
14.3.6 IMEIK
14.3.7 Bloomage Freda
14.3.8 Shanghai Haohai Biological Technology
