According
to research report “Ophthalmic Viscosurgical
Devices Market Size By Product (Dispersive,
Cohesive, Combined), By Application (Cataract Surgery, Vitreoretinal Surgery,
Canaloplasty, Refractive Surgery, Keratoplasty), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan,
China, India, Australia, Malaysia, Brazil, Mexico, Argentina, South Africa,
Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share &
Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Worldwide
ophthalmic viscosurgical devices market will surpass a revenue collection of
USD 790 million by 2024 with an annual growth rate of more than 10% over the
years ahead.
Ophthalmic
viscosurgical devices market is expected to carve a remarkable growth path,
owing to the surging product requirement for age-related cataract treatment.
Reliable statistics state that more than 10 million cataract operations are
carried out across the globe. Increasingly changing dietary habits and a
hectic, modern lifestyle has led to a widespread occurrence of diabetes.
Diabetic people are vulnerable to ocular disabilities such as blindness and
diabetic retinopathy, which in turn, will favor ophthalmic viscosurgical
devices industry growth noticeably.
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The
differentiating factor of Ophthalmic viscosurgical devices market report by
Global Market Insights, Inc. when compared with other, similar syndicated
research studies includes a 360-degree synopsis of trends for a period of more
than 10 years including historic information as well as future outlook.
Business focussed multiple trends for Ophthalmic viscosurgical devices industry
are discussed along with regional trends to offer an overall view of the
market. The ‘industry insights’ chapter of this research provides the most
comprehensive analysis of Ophthalmic viscosurgical devices market covering
segmentation, size, forecasts, ecosystem analysis and more. Industry impact
forces (regional and global) that cover growth drivers and challenges, growth
potential analysis, a strategy dashboard for competitive landscape of Ophthalmic
viscosurgical devices market support this sector specific data and information
points.
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Based on the products, ophthalmic
viscosurgical devices market is mainly divided into cohesive, dispersive, and
combined. Dispersive devices covered more than 47% of the revenue share in 2015
and will exhibit lucrative growth prospects over the coming years of 2016 to
2024. The prominent usage of these devices for cataract surgeries due to their
notable rheological characteristics will augment the product demand. Cataract
surgery application acquired more than 49% of the market share of the application
landscape in 2015 and will record a CAGR of 12.6% over the period of 2016 to
2024. The number of patients affected by cataract are increasing substantially
across the globe, which will noticeably boost the demand for ophthalmic
viscosurgical devices.
Vitreoretinal surgery is another attractive application segment of ophthalmic viscosurgical devices market. Vitreoretinal surgery was worth more than USD 53 million in 2015 and will cross a revenue collection of USD 150 million by 2024. The growth can be attributed to the surging need of these devices in diabetic retinopathy, macular degeneration, and diabetic vitreous haemorrhage.
Browse key
industry insights spread across 120 pages with 54 market data tables & 6
figures & charts from this 2017 report Ophthalmic
Viscosurgical Devices Market in detail along with the table of contents
at:
Geographically, Germany ophthalmic viscosurgical devices
market will register an annual growth rate of 11.9% over the period of 2016 to
2024, owing to the growing awareness regarding eye-related disorders such as
cataracts among the rising geriatric population.
U.S. ophthalmic viscosurgical devices
industry was worth more than USD 110 million in 2015 and will exhibit
significant growth rate over the years ahead. The growth can be attributed to
the growing occurrence of ophthalmic ailments such as diabetic retinopathy,
cataract, and glaucoma. In addition, the availability of advanced healthcare
facilities and supportive reimbursement policies will augment the industry
growth noticeably.
Japan ophthalmic viscosurgical devices
market collected a revenue of over USD 12 million in 2015 and will cross a
market value of USD 41 million by 2024, primarily driven by the invasively
growing geriatric population.
Industry giants will focus on product
differentiation, strategic partnerships, and new product launches to sustain
their position in the market. Top business competitors occupied more than 50%
of the revenue share in 2015. Key participants in ophthalmic viscosurgical devices
market are Abbott Medical Optics Inc., Alcon, Bausch & Lomb, Carl-Zeiss,
Hyaltech Ltd., CIMA Technology, Inc., Rayner, and Precision Lens.
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