Ophthalmic Viscosurgical Devices Market Size & Share 2023 to 2032
Market Size by Product (Dispersive, Cohesive, Combined), by Application (Cataract Surgery, Vitreoretinal Surgery, Canaloplasty, Refractive Surgery, Keratoplasty), by End Use (Hospitals, Clinics) & Forecast.
Report ID: GMI1134
|
Published Date: June 2023
|
Report Format: PDF
Download Free PDF
Authors:
Monali Tayade, Jignesh Rawal
Ophthalmic Viscosurgical Devices Market Size
Ophthalmic Viscosurgical Devices Market size was USD 500 million in 2022 and is set to observe 4% CAGR from 2023 to 2032 driven by the rising application of 3D display systems in ophthalmic surgery for optimum outcomes. The increasing technological advancements in ophthalmic surgical tools has fueled the demand for novel ophthalmic viscosurgical devices. As per the survey performed in Canada, around 2.5 million people are suffering from cataracts every year.
Ophthalmic Viscosurgical Devices Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Ophthalmic viscosurgical devices (OVDs) or viscoelastic agents are used as surgical aids in different ophthalmic surgeries, including glaucoma surgery, cataract surgery, and retinal surgery, among others. OVDs are largely employed in surgical applications as they help maintain and preserve space as well as coat, protect, displace, and stabilize the tissues. These devices help in maintaining the anterior chamber during the IOL insertion, protecting the corneal endothelium from turbulence, and preventing iris prolapse and tapping nuclear fragments.
Despite the positive outlook for ophthalmic viscosurgical devices market, the increasing surgery risks may pose as major restraint for the market revenue. The lack of proper training and essential expertise amongst surgeons has led to rising risk factors allied to the eye surgeries. The possible issues in these surgeries include bleeding, inflammation inside the eye, retinal detachment, and infection. However, the growing support from government bodies for better healthcare systems is likely to aid the industry expansion.
COVID-19 Impact
The emergence of the COVID-19 pandemic led to an unprecedented health concern across the globe and negatively affected the ophthalmic viscosurgical devices market. The outbreak disrupted the supply chain and put restrictions on trade and movement of goods, thereby impacting the market revenue. For instance, the U.S. declared a national emergency and ban on all elective surgical and diagnostic procedures in outpatient and inpatient settings. As a result, the pandemic had a substantial negative impact on industry growth.
Ophthalmic Viscosurgical Devices Market Trends
Rising prevalence of diabetes worldwide is a major factor propelling the industry growth. Diabetic eye disorders, such as diabetic macular edema and diabetic retinopathy can lead to poor vision and blindness. As per the National Eye Institute, diabetic retinopathy affects over 7.7 million Americans with diabetes. This has resulted in over 240 national diabetes associations in 168 countries for managing diabetic macular edema.
Ophthalmic Viscosurgical Devices Market Analysis
In terms of product, the market is segmented into dispersive, cohesive and combined. The dispersive segment in the ophthalmic viscosurgical devices market accounted for USD 242 million in 2022, attributed to multiple advantages offered by dispersive OVDs such as better endothelial protection, phacoemulsification, and ability to coat ocular structures. These dispersive OVDs are considered standard tools in eye surgeries that are widely used in different procedures comprising corneal transplant surgery, secondary intraocular lens implantation, and glaucoma filtration surgery. For instance, the U.S. witnesses 47,000 corneal transplants performed every year. The growing emphasis of key market players on offering combination packages of dispersive and cohesive ophthalmic viscosurgical devices will drive the segment growth.
Based on end-use, the ophthalmic viscosurgical devices market is segmented into hospitals, clinics, and others. The hospital segment reached USD 222 million in 2022, owing to the easy accessibility to skilled surgeons, high care and patient satisfaction. Availability of advanced technologies is increasing the preference for ophthalmic surgical procedures in hospitals, leading to increased patient preference for these healthcare facilities. The rising number of hospital admissions with eye issues will also drive the demand for ophthalmic procedures in healthcare settings.
With respect to application, the ophthalmic viscosurgical devices market is segmented into cataract surgery, canaloplasty, vitreoretinal surgery, refractive surgery, and keratoplasty. The cataract surgery segment in the OVD market registered revenue share of USD 249 million in 2022 propelled by the increase in cataract operations and rising public awareness. It has been estimated that around 4 million procedures were performed by around 10,000 U.S. cataract surgeons in 2021. The growing prevalence of cataracts, rapidly aging population along with the surging demand for minimally invasive procedures will boost the market progression.
Regionally, North America ophthalmic viscosurgical devices market size is estimated to reach USD 257 million by 2032, attributed to the strong presence of major industry players, favorable insurance policies, and better access to ophthalmic care facilities. The availability of paper consultation services and stringent protocols for patient safety is further fueling the market revenue in the country. For instance, the U.S. Department of Health and Human Services supports the National Eye Health Education Program and the National Eye Institute that focuses on vision loss and the funding of various activities to promote eye health.
Major Ophthalmic Viscosurgical Devices Market Share
Some of the key players profiled in the ophthalmic viscosurgical devices market include:
among others. These companies are engaging in strategic initiatives, mergers, and acquisitions to expand their business and launch new products to strengthen their procedure portfolio.
Ophthalmic Viscosurgical Devices Industry News
Ophthalmic Viscosurgical Devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD (million) from 2018 to 2032 for the following segments:
Click here to Buy Section of this Report
By Product, 2018 - 2032 (USD Million)
By Application, 2018 - 2032 (USD Million)
By End-use, 2018 - 2032 (USD Million)
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →