Some of the big ophthalmic viscosurgical products (OVD) industry players contain Alcon, CIMA Engineering, Bausch & Lomb, Amring Prescription drugs, Bohus Biotech AB and Maxigen Biotech amid some others.
March 13, 2020(Newswire.com) –
Global Market Insights, Inc. has recently extra a new report on ophthalmic viscosurgical products industry which estimates the worldwide industry valuation for ophthalmic viscosurgical products will cross US $1 billion by 2026. The rising prevalence of ophthalmic disorders along with rising diabetes load across the globe is the key factor driving the OVD industry advancement.
Developing client choice in the direction of minimally or non-invasive remedies together with LASIK surgeries will cause industry advancement in the coming yrs. Factors these as age-linked macular degeneration (AMD) and glaucoma amid the elderly population have led to increased adoption of cataract surgeries, thus contributing to the worldwide OVD industry development. For instance, in accordance to the Nationwide Eye Institute, the quantity of people today struggling from AMD is expected to double from 2.07 million to five.44 million by 2050. Nonetheless, pitfalls affiliated with ophthalmic treatments could hamper the OVD industry advancement through the forthcoming yrs.
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Cohesive OVD industry was valued all around USD a hundred and seventy million in 2019 and is projected to clearly show important advancement through the forecast interval. The advancement is attributed to a large array of added benefits made available by OVDs through cataract surgery. Raising need for cohesive ophthalmic viscoelastic help for inflating capsular bag prior to lens implementation will upsurge the product need. Bigger viscosity cohesive OVDs are superior for inducing & protecting space and sustaining tension on eye. These strengths will boost the need for cohesive OVDs, therefore fostering industry advancement.
In accordance to the report, keratoplasty surgery is believed to register a CAGR of extra than 10% by 2026. Substantial boost in the quantity of corneal transplantation surgeries/keratoplasty over the new yrs will generally travel the segment advancement. What’s more, adoption of lamellar keratoplasty and penetrating keratoplasty for the treatment of corneal pathologies will strengthen segmental advancement.
Hospitals segment held all around 44% revenue share in 2019 and is expected to clearly show robust advancement over 2020 to 2026. Availability of effectively-designed infrastructure and existence of innovative systems in hospital amenities will uplift the segmental advancement. Several governing administration initiatives in designed as effectively as developing economies to reduce the price tag of ophthalmic surgeries being performed in hospitals will escalate the industry development. Moreover, favorable reimbursement procedures will even more spur the over-all industry sizing.
Search key industry insights unfold across a hundred and fifty web pages with 178 industry details tables & 12 figures & charts from the report, “Ophthalmic Viscosurgical Products (OVD) Market Share & Forecast, 2020 – 2026” in element along with the desk of contents:
The report also forecasts, Asia Pacific ophthalmic viscosurgical products industry recorded all around USD fifty seven million revenue in 2019. Big client pool struggling from serious ophthalmic disorders is probable to travel industry advancement. Developing prevalence of diabetic eye disorders these as diabetic retinopathy and diabetic macular edema (DME) will render good effect on the regional need. Moreover, speedily rising geriatric population prone to various eye disorders, numerous governing administration initiatives and expanding healthcare expenditure is even more expected to speed up the regional industry expansion.
Some big findings of the ophthalmic viscosurgical products industry report contain:
- The visco-adaptive houses of the most recent generation OVD is predicted to stop capsular breaks and provide total endothelial security, so building refractive and cataract treatments straightforward and safe and sound.
- As per The Lancet Global Health and fitness Journal, all around 8.8 million people today in India have been identified to be blind in 2015 and extra than 47.seven million people today experienced reasonable to severe eyesight impairment.
- About 1 in 3 diabetic people today, aged forty yrs and higher than have some signals of diabetic retinopathy, in accordance to the Nationwide Institute of Diabetes and Digestive and Kidney Illnesses (NIDDK).
- Market players these as Alcon, Bausch & Lomb, Sidapharm, Precision Lens and Johnson & Johnson Surgical Eyesight amid some others undertake various advancement techniques to capitalize on possibilities and retain their position in the industry.
Some of the prominent players working in OVD industry share contain Alcon, CIMA Engineering, Bausch & Lomb, Amring Prescription drugs, Bohus Biotech AB and Maxigen Biotech amid some others. The businesses put into action techniques these as mergers, acquisitions and partnerships to maintain industry competitiveness. For instance, in July 2018, Amring Prescription drugs Inc. released Biolon OVD for use in cataract surgery. The new product introduction enabled enterprise to provide this price tag-helpful unit in the U.S. and maintain its position in the rising ophthalmic industry.
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Partial chapters of report desk of contents (TOC):
Chapter 2. Executive Summary
2.1. Ophthalmic viscosurgical products (OVD) industry 360° synopsis, 2015-2026
2.1.1. Company trends
2.1.2. Product trends
2.1.3. Application trends
2.1.four. Stop-use trends
2.1.five. Regional trends
Chapter 3. Ophthalmic Viscosurgical Products Market Insights
3.1. Market segmentation
3.2. Market landscape, 2015 – 2026
3.3. Market effect forces
3.3.1. Progress motorists
18.104.22.168. Swiftly rising geriatric population
22.214.171.124. Raising incidence of ophthalmic and ocular condition in developing nations
126.96.36.199. Increasing foundation of diabetic sufferers throughout the world
3.3.1.four. Technological enhancements
3.3.1.five. Developing need and choice for non-invasive treatment
3.3.2. Market pitfalls & issues
188.8.131.52. Significant price tag of ophthalmic products
184.108.40.206. Hazard affiliated with eye surgeries
3.four. Progress possible investigation
3.four.1. By product
3.four.2. By application
3.four.3. By end-use
3.five. Porter’s investigation
3.six. Competitive landscape
3.six.1. Approach dashboard, 2019
3.seven. PESTEL investigation
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a worldwide industry analysis and consulting assistance supplier, giving syndicated and customized analysis studies along with advancement consulting companies. Our business intelligence and industry analysis studies provide shoppers with penetrative insights and actionable industry details specially made and offered to help strategic final decision building. These exhaustive studies are made by using a proprietary analysis methodology and are accessible for key industries these as chemical compounds, innovative resources, engineering, renewable vitality and biotechnology.
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