The Global Ophthalmic Viscoelastic Devices Market report provide past and estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries. Americas region, North America commands the largest market share in 2016 at 74.35% in 2016 while South America is expected to be the fastest growing segment with the CAGR of 11.6% during the forecasted period. US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare.
The major driving factor for the Ophthalmic Viscoelastic Devices Market are increasing number of cataract and glaucoma surgeries across the globe, developments in OVDs and favourable reimbursement policies. On the other hand lack of general awareness and availability of alternative therapy has restrained the growth of the market.
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Ophthalmic viscoelastic devices (OVDs) are regarded as a standard tool used in the ophthalmic surgeries. Over the last decade, OVDs had acquired a lot of attention owing to their properties and advantages. Sodium Hyaluronate is the most widely used OVD material. OVD has a great impact on ophthalmic surgeries, especially cataract surgeries and other intraocular lens implantation. Many studies had proven that use of OVD has increased the success rate of the surgeries.
Considering all these factors the market for ophthalmic viscoelastic devices (OVD) is expected to reach $ 1,203.26 million by the end of 2027, this market is projected to growing at a CAGR of ~ 11.6 % during 2017-2027.
Major TOC for Ophthalmic Viscoelastic Devices (OVD) Market:
Market factor analysis
Global Ophthalmic Viscoelastic Devices (OVD) market, by type
Global Ophthalmic Viscoelastic Devices (OVD) Market, By Type of Content
Global Ophthalmic Viscoelastic Devices (OVD) market, by Applications
Global Ophthalmic Viscoelastic Devices (OVD) market, by end user
Global Ophthalmic Viscoelastic Devices (OVD) market, by region
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Ophthalmic Viscoelastic Devices (OVD) market information: by types (cohesive ophthalmic viscoelastic devices (OVDS), dispersive ophthalmic viscoelastic devices (OVDS)) by application (cataract surgery, glaucoma surgery, corneal transplantation, vitreoretinal surgery) by end-user (ophthalmic clinics & phaco centers, hospitals, academic & research institutes) – Global Forecast till 2027
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