Ophthalmic Viscoelastic Devices Market, by Product Type (Dispersive Ophthalmic Viscoelastic Devices, and Cohesive Ophthalmic Viscoelastic Devices), By Application (Cataract Surgery, Glaucoma Surgery, Vitreoretinal Surgery, Corneal Transplantation Surgery, and Others), By Composition (Sodium Hyaluronate, Chondroitin Sulfate, and Hydroxypropyl Methylcellulose), By End User (Ophthalmic Clinics, Hospitals, and Academic and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published On : Oct 2019 |
  • Pages : 157 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Ophthalmic Viscoelastic Devices Market Insights

Ophthalmic viscoelastic devices play a crucial role in ophthalmic surgeries such as cataract surgery, glaucoma surgery, vitreoretinal surgery, and corneal transplantation surgery. The selection of ophthalmic viscoelastic devices is based on surgical requirement and surgeons’ preferences. Innovative product offerings by major manufacturers such as Sight Sciences, Rayner Surgical Group, and Bausch & Lomb Incorporated who are engaged in the development of ophthalmic products is expected to drive growth of the ophthalmic viscoelastic devices market.

Increasing prevalence of ocular dysfunction and disease is expected to drive growth of the global ocular implant market. For instance, in January 2019, according to Glaucoma Research Foundation, over 3 million people in the U.S. have been diagnosed with glaucoma. The National Eye Institute projects that this number will increase by 58% and reach 4.2 million by 2030.

The global ophthalmic viscoelastic devices market was valued at US$ 685.3 million in 2018 and is expected to register a CAGR of 10.2% during the forecast period (2019–2027).

Figure 1. Global Ophthalmic Viscoelastic Devices Market Share (%) Analysis, By End User, 2019 & 2027

Ophthalmic Viscoelastic Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing number of corneal transplants surgeries/corneal transplantation is expected to be a major factor contributing to growth of the global ophthalmic viscoelastic devices market in near future.

In corneal transplantation surgery (keratoplasty), the damaged cornea is replaced by donated corneal tissue. The number of corneal transplantation surgeries is increasing significantly which is expected to drive demand for ophthalmic viscoelastic devices. For instance, according to Eye Bank Association of America, in 2018 according to Eye Bank Association of America, in 2018, around 85,441 tissue (corneal transplants) have been distributed for keratoplasty in the U.S. The number increased by 1.4% (84,297) from 2017. The number increased by 1.4% (84,297) from 2017. Thus, rising number of corneal transplant surgeries is expected to drive growth of the ophthalmic viscoelastic devices market.

Increasing product recalls is expected to hamper the global ophthalmic viscoelastic devices market growth

Product recalls for ophthalmic viscoelastic devices is expected to negatively impact the market growth. In November 2014, the U.S. FDA issued a product recall notice for Abbott Healon EndoCoat Ophthalmic Viscosurgical Device, developed by Abbott Medical Optics Inc. (AMO). The device was recalled due to finger grip dislodgement of the device which could result in unintentional movement of the surgeon's hand to the surface of the cannula and cause potential trauma to the eye. Product recalls due to mechanical defects in ophthalmic viscoelastic devices is projected to generate losses for manufacturers in terms of cost and time, and hinder growth of the global ophthalmic viscoelastic devices market.

Global Ophthalmic Viscoelastic Devices Market - Regional Analysis

Based on Region, the global ophthalmic viscoelastic devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to hold a dominant position in the market, owing to increasing number of product approvals from the U.S. Food and Drug Administration for marketing products in North America. For instance, in May 2016, ALCON LABORATORIES received U.S. FDA approval for its Cellugel(R) Ophthalmic Viscosurgical Device (OVD).

Asia Pacific ophthalmic viscoelastic devices market is expected to witness significant growth during the forecast period owing to rising demand for technologically advanced products for ophthalmological surgery, as well as presence of major manufacturers such as Ophtechnics Unlimited, and Neu Micromed International Pvt. Ltd in the region. For instance, Ophtechnics Unlimited, company based in India, offers OCXYLON – SODIUM HYALURONATE, an ophthalmic viscosurgical device (OVD).

Figure 2: Global Ophthalmic Viscoelastic Devices Market Share (%) Analysis, By Region, 2019 & 2027

Ophthalmic Viscoelastic Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Global Ophthalmic Viscoelastic Devices Market - Competitive Landscape

Key players operating in the global ophthalmic viscoelastic devices market include Johnson & Johnson, Rumex International Co., Bausch & Lomb Incorporated., Ophtechnics Unlimited, Truviz Ophthalmic, Beye, LLC, Carl Zeiss Meditec AG, Precision Lens, Iso Clear (Pty) Ltd., and Neu Micromed International Pvt. Ltd.

Ophthalmic viscoelastic devices (OVD) are tools used in modern cataract surgeries. They are non-active, clear, and gel-like solutions with viscous and elastic properties. OVDs mainly contain Sodium Hyaluronate, Chondroitin Sulfate, and Hydroxypropyl Methylcellulose. These substances cover and protect the intraocular tissues, ocular structures, and improve visualization. Major role of OVDs is to create and maintain volume in the anterior chamber of the eye and protect the corneal endothelium during the ophthalmic procedure.

Market Dynamics

Increasing the prevalence of ophthalmic diseases such as glaucoma and cataract is expected to drive the ophthalmic viscoelastic devices (OVD) market growth. For instance, in November 2014, the American Academic of Ophthalmology (AAO) studied the global prevalence of glaucoma and projections of glaucoma burden up to 2040. According to AAO, in 2013, there were an estimated 64.3 million people diagnosed with glaucoma. Moreover, AAO also stated that the number is expected to increase in the future.

Key features of the study:

  • This report provides in-depth analysis of the global ophthalmic viscoelastic devices market, market size (US$ Mn), and compound annual growth rate (CAGR %) over the forecast period (2019 – 2027), considering 2018, as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrixes for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new technology launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global ophthalmic viscoelastic devices market based on the following parameters – company overview, financial performance, technology portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include Johnson & Johnson, Rumex International Co., Bausch & Lomb Incorporated., Ophtechnics Unlimited, Truviz Ophthalmic., Beye, LLC, Carl Zeiss Meditec AG, Precision Lens, Iso Clear (Pty) Ltd., and Neu Micromed International Pvt. Ltd
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision with respect to future technology launches, governmental initiatives, technological up-gradation, market expansions, and marketing tactics
  • The global ophthalmic viscoelastic devices market report caters to various stakeholders in this market, including investors, technology manufacturers, distributors, and suppliers in the global ophthalmic viscoelastic devices industry, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Ophthalmic Viscoelastic Devices Market, By Product Type:
    • Dispersive Ophthalmic Viscoelastic Devices
    • Cohesive Ophthalmic Viscoelastic Devices
  • Global Ophthalmic Viscoelastic Devices Market, By Application:
    • Cataract Surgery
    • Glaucoma Surgery
    • Vitreoretinal Surgery
    • Corneal Transplantation Surgery
    • Others
  • Global Ophthalmic Viscoelastic Devices Market, By Composition:
    • Sodium Hyaluronate
    • Chondroitin Sulfate
    • Hydroxypropyl Methylcellulose
  • Global Ophthalmic Viscoelastic Devices Market, By End User:
    • Ophthalmic Clinics
    • Hospitals
    • Academic and Research Institutes
  • Global Ophthalmic Viscoelastic Devices Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Dispersive Ophthalmic Viscoelastic Devices
        • Cohesive Ophthalmic Viscoelastic Devices
      • By Application:
        • Cataract Surgery
        • Glaucoma Surgery
        • Vitreoretinal Surgery
        • Corneal Transplantation Surgery
        • Others
      • By Composition:
        • Sodium Hyaluronate
        • Chondroitin Sulfate
        • Hydroxypropyl Methylcellulose
      • By End User:
        • Ophthalmic Clinics
        • Hospitals
        • Academic and Research Institutes
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Dispersive Ophthalmic Viscoelastic Devices
        • Cohesive Ophthalmic Viscoelastic Devices
      • By Application:
        • Cataract Surgery
        • Glaucoma Surgery
        • Vitreoretinal Surgery
        • Corneal Transplantation Surgery
        • Others
      • By Composition:
        • Sodium Hyaluronate
        • Chondroitin Sulfate
        • Hydroxypropyl Methylcellulose
      • By End User:
        • Ophthalmic Clinics
        • Hospitals
        • Academic and Research Institute
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Dispersive Ophthalmic Viscoelastic Devices
        • Cohesive Ophthalmic Viscoelastic Devices
      • By Application:
        • Cataract Surgery
        • Glaucoma Surgery
        • Vitreoretinal Surgery
        • Corneal Transplantation Surgery
        • Others
      • By Composition:
        • Sodium Hyaluronate
        • Chondroitin Sulfate
        • Hydroxypropyl Methylcellulose
      • By End User:
        • Ophthalmic Clinics
        • Hospitals
        • Academic and Research Institute
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Dispersive Ophthalmic Viscoelastic Devices
        • Cohesive Ophthalmic Viscoelastic Devices
      • By Application:
        • Cataract Surgery
        • Glaucoma Surgery
        • Vitreoretinal Surgery
        • Corneal Transplantation Surgery
        • Others
      • By Composition:
        • Sodium Hyaluronate
        • Chondroitin Sulfate
        • Hydroxypropyl Methylcellulose
      • By End User:
        • Ophthalmic Clinics
        • Hospitals
        • Academic and Research Institute
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Dispersive Ophthalmic Viscoelastic Devices
        • Cohesive Ophthalmic Viscoelastic Devices
      • By Application:
        • Cataract Surgery
        • Glaucoma Surgery
        • Vitreoretinal Surgery
        • Corneal Transplantation Surgery
        • Others
      • By Composition:
        • Sodium Hyaluronate
        • Chondroitin Sulfate
        • Hydroxypropyl Methylcellulose
      • By End User:
        • Ophthalmic Clinics
        • Hospitals
        • Academic and Research Institute
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Dispersive Ophthalmic Viscoelastic Devices
        • Cohesive Ophthalmic Viscoelastic Devices
      • By Application:
        • Cataract Surgery
        • Glaucoma Surgery
        • Vitreoretinal Surgery
        • Corneal Transplantation Surgery
        • Others
      • By Composition:
        • Sodium Hyaluronate
        • Chondroitin Sulfate
        • Hydroxypropyl Methylcellulose
      • By End User:
        • Ophthalmic Clinics
        • Hospitals
        • Academic and Research Institute
  • Company Profiles
    • Johnson & Johnson
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Rumex International Co.  
    • Bausch & Lomb Incorporated.
    • Ophtechnics Unlimited
    • Truviz Ophthalmic.
    • Beye, LLC
    • Carl Zeiss Meditec AG
    • Precision Lens
    • Iso Clear (Pty) Ltd.
    • Neu Micromed International Pvt. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Composition
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technology Advancements
    • Historical Overview
    • Mergers and Acquisitions
    • Regulatory Scenario
    • PORTER’S Five Forces
    • PEST Analysis
  4. Global Ophthalmic Viscoelastic Devices Market, By Product Type, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Dispersive Ophthalmic Viscoelastic Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Cohesive Ophthalmic Viscoelastic Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  5. Global Ophthalmic Viscoelastic Devices Market, By Application, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Cataract Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Glaucoma Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Vitreoretinal Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Corneal Transplantation Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  6. Global Ophthalmic Viscoelastic Devices Market, By Composition, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Sodium Hyaluronate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Chondroitin Sulfate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Hydroxypropyl Methylcellulose
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  7. Global Ophthalmic Viscoelastic Devices Market, By End User, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Ophthalmic Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Academic and Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  8. Global Ophthalmic Viscoelastic Devices Market, By Region, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 – 2027
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Composition, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Composition, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Composition, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Composition, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Composition, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Composition, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Johnson & Johnson
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Rumex International Co.  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Bausch & Lomb Incorporated.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Ophtechnics Unlimited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Truviz Ophthalmic.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Beye, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Carl Zeiss Meditec AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Precision Lens
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Iso Clear (Pty) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Neu Micromed International Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 23 market data tables and 19 figures on "Ophthalmic Viscoelastic Devices Market” - Global forecast to 2027”.

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