Ophthalmic Viscosurgical Devices Market To Report Impressive Growth, Revenue To Surge To US$ 606.83 Million by 2023

26-Apr-2018 | Zion Market Research

With the presence of a large pool of participants, the Global ophthalmic viscosurgical devices market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Alcon, Abbott Medical Optics, Carl-Zeiss, and Bausch & Lomb are some of the key vendors of ophthalmic viscosurgical devices across the world. These players across ophthalmic viscosurgical devices market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the ophthalmic viscosurgical devices market study.

Citing an instance, in July 2018, Amring Pharmaceuticals Incorporation – a generic pharmaceutical firm- declared the launch of a new product referred as Biolon OVD (ophthalmic viscosurgical device) for using it in cataract surgeries. Reportedly, the firm has formed a partnership with Bio-Technology General (Israel) Ltd, a biopharmaceutical firm, to manufacture the product. Amring has further joined hands with Altacor Limited to license Biolon OVD across the geographical region of North America.

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Browse the full "Ophthalmic Viscosurgical Devices Market by Dispersive, Cohesive, Combined), By Application (Cataract Surgery, Vitreoretinal Surgery, Refractive Surgery, Keratoplasty), By End-User (hospitals and eye specialty clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2023  " report at  http://www.zionmarketresearch.com/report/ophthalmic-viscosurgical-devices-market

As estimated in this report, the global ophthalmic viscosurgical devices market stood at US$ 327.97 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2023, the revenue in this ophthalmic viscosurgical devices market is expected to reach US$ 606.83 million by the end of the forecast period. The main products available in this ophthalmic viscosurgical devices market are dispersive, cohesive, and combined devices. Among the three, the demand for dispersive devices is relatively higher and the trend is anticipated to remain so over the next few years, notes the ophthalmic viscosurgical devices market research report.

Global Ophthalmic Viscosurgical Devices Market

Government Efforts To Create Eye Health Awareness To Spur Market Growth

“Escalating need of the products in cataract, trauma, vitreoretinal, cornea, and glaucoma surgeries is anticipated to drive the ophthalmic viscosurgical devices market size over the forecast timeframe,” says the author of this study. Apart from this, wide applications in Vitreo-retinal surgeries such as macular hole repairs will further contribute towards the ophthalmic viscosurgical devices market in the near future. Furthermore, supportive government policies for enhancing the awareness among the population about constant eye check-up will boost the demand for ophthalmic viscosurgical devices in the next few years.

Low availability of ophthalmologists and less number of screening device accessibility in emerging economies, however, may obstruct the expansion of ophthalmic viscosurgical devices market in the forthcoming years.

Presence of Well-Established Medical Infrastructure To Aid Regional Growth

Regionally, North America has been leading the worldwide ophthalmic viscosurgical devices market and is anticipated to continue on the dominant position in the years to come, states the ophthalmic viscosurgical devices market study. The presence of a well-established medical and healthcare infrastructure and beneficial compensation policies is the main factor behind the dominance of the North America ophthalmic viscosurgical devices market. In addition to this, favorable government policies to raise the awareness pertaining to eye-related disorders will augment the product popularity across the region, thereby enhancing ophthalmic viscosurgical devices market scope in North America.

The global ophthalmic viscosurgical devices market is segmented as follows:

By Product

  • Dispersive
  • Cohesive
  • Combined  

By Technology

  • Cataract Surgery
  • Vitreoretinal Surgery 
  • Refractive Surgery
  • Keratoplasty   

By End-User

  • Hospitals
  • Eye specialty clinics

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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