Ophthalmology Viscosurgical Devices Market Size and Growth Rate:
“The Ophthalmology Viscosurgical Devices Market is projected to grow at substantial growth rate over seven years of forecast period 2019-2025 to reach US$ 523.8 Mn by 2025” owing to an increased R&D activities for the development and launch of newer products.
Ophthalmology Viscosurgical Devices Market Growth Drivers and Restraints:
The ophthalmology viscosurgical devices market size was accounted for US$ XX Mn in 2018 and expected to grow at prominent growth rate over the forecast timeframe. The ophthalmology viscosurgical devices market exhibits high potential due to surge in the prevalence and incidence of cataract around the globe. For instance, according to World Health Organization, approximately 18 Mn people are bilaterally blind from cataract around the globe. Moreover, increase in the R&D for the development of technologically advanced devices, rise in number of cataract surgeries, development in healthcare infrastructure, and favorable reimbursement policies and government schemes for ophthalmic surgeries are anticipated to propel the ophthalmology viscosurgical devices market over the forecast years. However, lack of disease awareness among the population in underdeveloped countries, high cost of devices, and dearth of skilled professionals are the factors limit the growth of ophthalmology viscosurgical devices market over the forecast timeframe.
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Dispersive Ophthalmology Viscosurgical Devices Segment Expected to Dominate the Market
Based on product type, the ophthalmology viscosurgical devices market is segmented into cohesive, dispersive, and combined. Dispersive OVD expected to dominate the global ophthalmology viscosurgical devices market over the forecast years owing to increase in the adoption of dispersive devices for cataract surgeries. Moreover, rise in R&D for the development of innovative devices also boost the market over the forecast timeframe.
North America Accounts for Major Revenue Share for Ophthalmology Viscosurgical Devices Market
Precision Business Insights (PBI) ophthalmology viscosurgical devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America ophthalmology viscosurgical devices market expected to retain its dominance throughout the forecast period due to surge in the prevalence of cataract in U.S. For instance, according to National Eye Institute and American Institute Ophthalmology, approximately 24.4 Mn people effected with cataract in U.S. Asia Pacific represents some of the world’s key emerging economies, which have the potential to adopt quickly to new therapies, provided they are available at reasonable costs. Due to the price-sensitive nature of the market, as well as reasonable clinical diagnostic rates compared to North America and Europe, the market for Asia Pacific gained the third position in terms of market share in 2018.
Some of the key players in the uveitis market mentioned in this report are Carl Zeiss Meditec AG, Abbott Laboratories, Novartis AG, Valeant, Hyaltech Ltd., CIMA Technology Inc., and Rayner
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Detailed Segmentation of Ophthalmology Viscosurgical Devices Market:
By Product Type
o Cohesive OVD
o Dispersive OVD
o Combined
By Application
o Cataract Surgery
o Vitreoretinal Surgery
o Canaloplasty
o Refractive Surgery
o Keratoplasty
o Others
By Distribution Channel
o Hospital
o Ambulatory Surgical Centers
o Eye Specialty Clinics
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa

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