Ophthalmic Viscosurgical Devices Market Size

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.

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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.