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Ophthalmic Viscosurgical Devices Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Ophthalmic Viscosurgical Devices Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • August 2018
  • 100 pages
  • ID: 5566905
  • Format: PDF
  • By Infinium

Summary

Table of Contents

The report on global ophthalmic viscosurgical devices market provides qualitative and quantitative analysis for the period of 2016 to 2024.

The report predicts the global ophthalmic viscosurgical devices market to grow with a CAGR of 9.8% over the forecast period of 2018-2024. The study on ophthalmic viscosurgical devices market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Several diabetic people are suffering from complications such as diabetic retinopathy and blindness, and these diseases are anticipated to propel the ophthalmic viscosurgical devices market. Additionally, high life expectancy and shift of average old age population globally has led to increased incidence of cataract cases, which is expected to contribute to the growth of the global ophthalmic viscosurgical devices market. Along with cataract disease, increasing incidence of age-related macular degeneration (AMD) and glaucoma are some factors helping to drive the market.
On the basis of region, the global market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominates the ophthalmic viscosurgical devices market due to rising prevalence of eye-related diseases, increased government initiatives to increase awareness regarding eye diseases and high adoption of advanced technology products. Furthermore, adoption of an unhealthy lifestyle which gives rise to a high incidence rate of diabetes that causes diabetic retinopathy will further drive the industry growth. The Asia Pacific is expected to generate fastest growth rate over the forecast period. The growth is majorly attributed due to increasing prevalence of diabetic retinopathy, growing geriatric population who are more prone to cataract.
Recent Development:-
The Official US Launch of Biolon OVD (Ophthalmic Viscosurgical Device) for Use in Cataract Surgery in July,2018
Amring Pharmaceuticals Inc. launched Biolon OVD (Ophthalmic Viscosurgical Device). Biolon OVD is a fermentation-based, sterile, optically clear, 1% (10mg/mL), sodium hyaluronate viscoelastic, provided in a sterile prefilled syringe. Biolon OVD has been used by cataract surgeons across the globe for over 25 years and Amring is bringing this product to surgeons in the United States.
Bausch + Lomb started Clinical Trial Evaluating New Ophthalmic Viscosurgical Device in May 2018
Bausch + Lomb started a clinical trial evaluating the safety and efficacy of a new ophthalmic viscosurgical device (OVD). Bausch + Lomb aimed to file for premarket approval (PMA) with the FDA at the conclusion of the clinical trial, with plan to bring this next-generation OVD to the United States market in 2019.
LayerBio Awarded $1.2 Million from NIH to Develop Sustained-Release Glaucoma Drug in May 2018
Founded in 2013 as a spin-off from the lab of Dr. Paula Hammond at MIT, LayerBio is developing novel drug delivery products for ophthalmology, wound care, tendon repair and other unmet medical needs. The National Eye Institute at the National Institutes of Health awarded LayerBio a $1.2 million small business grant to develop its sustained-release formulation of the glaucoma drug travoprost.
Rayner launched RayOne® Trifocal at the Upcoming ESCRS in September,2017
Rayner launched the RayOne® Trifocal, newest member of the RayOne® family of preloaded IOLs.It was unveiled at the ESCRS conference,2017 in Lisbon. RayOne® Trifocal has fewer rings on the optic surface than many trifocal IOLs for reduced potential visual disturbances and improved night vision.

The report on ophthalmic viscosurgical devices market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global ophthalmic viscosurgical devices market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global ophthalmic viscosurgical devices market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global ophthalmic viscosurgical devices market is segmented on the basis of product type, application and end-use.

Global Ophthalmic Viscosurgical Devices Market by Product Type
- Dispersive
- Cohesive
- Combined
Global Ophthalmic Viscosurgical Devices Market by Application
- Cataract Surgery
- Glaucoma Surgery
- Keratoplasty
- Others
Global Ophthalmic Viscosurgical Devices Market by End-use
- Hospitals
- Eye Specialty Clinics
- Others ( Ambulatory Surgical Centers)

Company Profiles
- Alcon
- Abbott Medical Optics
- Carl-Zeiss
- Bausch & Lomb
- Precision Lens
- Covidien
- Rayner
- SD Healthcare
- Hyaltech
- CIMA Technology, Inc.

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of ophthalmic viscosurgical devices market.
2. Complete coverage of all the segments in ophthalmic viscosurgical devices market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global ophthalmic viscosurgical devices market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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