| Product Code: ETC13166508 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Ophthalmic Viscoelastic Devices Market was valued at USD 1.5 Billion in 2024 and is expected to reach USD 2.2 Billion by 2031, growing at a compound annual growth rate of 4.90% during the forecast period (2025-2031).
The Global Ophthalmic Viscoelastic Devices Market is expected to witness significant growth due to the increasing prevalence of ophthalmic disorders such as cataracts, glaucoma, and macular degeneration. These devices are crucial in ophthalmic surgeries as they maintain intraocular pressure, protect the delicate tissues of the eye, and facilitate smooth surgical procedures. The market is driven by advancements in technology, rising geriatric population, and growing awareness about eye health. Key players in the market are focusing on product innovation, strategic partnerships, and geographic expansion to gain a competitive edge. North America holds a dominant position in the market, followed by Europe and Asia Pacific. With the increasing demand for minimally invasive ophthalmic surgeries and the rising adoption of premium intraocular lenses, the ophthalmic viscoelastic devices market is projected to continue its growth trajectory in the coming years.
The Global Ophthalmic Viscoelastic Devices Market is experiencing significant growth driven by the increasing prevalence of eye disorders and the rising demand for minimally invasive surgical procedures. Key trends in the market include the development of advanced viscoelastic devices with improved properties such as enhanced lubrication and better protection of intraocular tissues during surgery. Additionally, the expanding elderly population and the growing adoption of premium intraocular lenses are creating opportunities for market players to innovate and introduce new products. Emerging markets in Asia-Pacific and Latin America also present untapped potential for manufacturers to expand their presence and capitalize on the rising healthcare infrastructure in these regions. Overall, the ophthalmic viscoelastic devices market is poised for continued growth and innovation in the coming years.
The Global Ophthalmic Viscoelastic Devices Market faces challenges such as increasing competition from alternative treatment options like pharmaceuticals and advancements in surgical techniques that may reduce the demand for viscoelastic devices. Regulatory hurdles and stringent approval processes also pose challenges for market players, leading to longer timelines for product commercialization. Additionally, pricing pressure and reimbursement issues in healthcare systems worldwide can impact the market growth. Moreover, the COVID-19 pandemic has disrupted healthcare services, including ophthalmic surgeries, impacting the market`s growth trajectory. Adapting to evolving technological trends, maintaining product quality standards, and addressing the needs of an aging population with a higher prevalence of eye disorders are crucial for companies operating in this market to overcome these challenges.
The Global Ophthalmic Viscoelastic Devices Market is being primarily driven by the increasing prevalence of eye disorders such as cataracts and glaucoma due to an aging population worldwide. The rise in the number of eye surgeries, particularly cataract surgeries, is also contributing to the growth of the market. Furthermore, advancements in ophthalmic viscoelastic devices technology, leading to improved surgical outcomes and patient comfort, are fueling market expansion. Additionally, the growing awareness about eye health and the availability of reimbursement policies for ophthalmic surgeries in developed countries are further bolstering market growth. Overall, the increasing demand for minimally invasive surgical procedures and the expanding geriatric population are key factors propelling the Global Ophthalmic Viscoelastic Devices Market forward.
Government policies related to the Global Ophthalmic Viscoelastic Devices Market primarily focus on ensuring product safety, quality standards, and regulatory compliance. Regulatory bodies such as the FDA in the United States and the European Medicines Agency in the EU have established guidelines for the approval and marketing of ophthalmic viscoelastic devices, outlining requirements for clinical trials, labeling, and adverse event reporting. These policies aim to safeguard patient health, promote innovation, and maintain market integrity by enforcing stringent regulations on manufacturing practices, product testing, and distribution. Additionally, reimbursement policies in various countries play a role in shaping market dynamics by influencing pricing strategies and market access for ophthalmic viscoelastic devices. Compliance with government regulations is crucial for companies operating in this market to ensure market authorization and sustain growth.
The Global Ophthalmic Viscoelastic Devices Market is expected to witness steady growth in the coming years, driven by factors such as the increasing prevalence of eye disorders, rising geriatric population, and advancements in ophthalmic surgeries. The market is likely to benefit from the growing demand for minimally invasive procedures, improving healthcare infrastructure in developing countries, and the introduction of innovative viscoelastic devices. Additionally, the rising focus on technological advancements, such as the development of next-generation viscoelastic devices with enhanced properties, is anticipated to further propel market growth. However, challenges related to regulatory approvals and the high cost associated with these devices may hinder market expansion to some extent. Overall, the Global Ophthalmic Viscoelastic Devices Market is poised for expansion, presenting opportunities for manufacturers to capitalize on the evolving landscape.
In the global ophthalmic viscoelastic devices market, North America and Europe are expected to lead in terms of market share, driven by advanced healthcare infrastructure and high adoption of innovative technologies. Asia Pacific is anticipated to witness significant growth due to the increasing prevalence of ophthalmic disorders and rising awareness about eye care in countries like India and China. The Middle East and Africa region is also projected to experience growth, fueled by improving healthcare facilities and growing investments in the healthcare sector. Latin America is expected to show steady growth as well, supported by a rising geriatric population and expanding healthcare access. Overall, the ophthalmic viscoelastic devices market is poised for growth across all regions, driven by technological advancements and increasing focus on eye health.
Global Ophthalmic Viscoelastic Devices (OVD) Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Ophthalmic Viscoelastic Devices (OVD) Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 & 2031F |
3.3 Global Ophthalmic Viscoelastic Devices (OVD) Market - Industry Life Cycle |
3.4 Global Ophthalmic Viscoelastic Devices (OVD) Market - Porter's Five Forces |
3.5 Global Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Ophthalmic Viscoelastic Devices (OVD) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Ophthalmic Viscoelastic Devices (OVD) Market Trends |
6 Global Ophthalmic Viscoelastic Devices (OVD) Market, 2021 - 2031 |
6.1 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Cohesive Ophthalmic Viscoelastic, 2021 - 2031 |
6.1.3 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Dispersive Ophthalmic Viscoelastic, 2021 - 2031 |
6.2 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Cataract Surgery, 2021 - 2031 |
6.2.3 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Glaucoma Surgery, 2021 - 2031 |
6.2.4 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Corneal Transplant, 2021 - 2031 |
6.2.5 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Vitreoretinal Surgery, 2021 - 2031 |
6.3 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.3.3 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Ophthalmic Clinics, 2021 - 2031 |
6.3.4 Global Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Ophthalmic Viscoelastic Devices (OVD) Market, Overview & Analysis |
7.1 North America Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 - 2031 |
7.2 North America Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Ophthalmic Viscoelastic Devices (OVD) Market, Overview & Analysis |
8.1 Latin America (LATAM) Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Ophthalmic Viscoelastic Devices (OVD) Market, Overview & Analysis |
9.1 Asia Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Ophthalmic Viscoelastic Devices (OVD) Market, Overview & Analysis |
10.1 Africa Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Ophthalmic Viscoelastic Devices (OVD) Market, Overview & Analysis |
11.1 Europe Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Ophthalmic Viscoelastic Devices (OVD) Market, Overview & Analysis |
12.1 Middle East Ophthalmic Viscoelastic Devices (OVD) Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Ophthalmic Viscoelastic Devices (OVD) Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Ophthalmic Viscoelastic Devices (OVD) Market Key Performance Indicators |
14 Global Ophthalmic Viscoelastic Devices (OVD) Market - Export/Import By Countries Assessment |
15 Global Ophthalmic Viscoelastic Devices (OVD) Market - Opportunity Assessment |
15.1 Global Ophthalmic Viscoelastic Devices (OVD) Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Ophthalmic Viscoelastic Devices (OVD) Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Ophthalmic Viscoelastic Devices (OVD) Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Ophthalmic Viscoelastic Devices (OVD) Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Ophthalmic Viscoelastic Devices (OVD) Market - Competitive Landscape |
16.1 Global Ophthalmic Viscoelastic Devices (OVD) Market Revenue Share, By Companies, 2024 |
16.2 Global Ophthalmic Viscoelastic Devices (OVD) Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |