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Ophthalmic Viscosurgical Devices Market Trends

Report ID: GMI1134
Published Date: Jun 2023
Report Format: PDF

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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.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global ophthalmic viscosurgical devices market was over USD 732 million in 2022 and will witness 4% CAGR from 2023-2032 propelled by surging cases of cataract, glaucoma and age-related macular degeneration.

Demand for dispersive OVDs reached USD 242 million in 2022 as a result of multiple advantages, such as better endothelial protection, phacoemulsification, and ability to coat ocular structures.

Ophthalmic viscosurgical devices market size from cataract surgery application segment registered USD 249 million in 2022 owing to growing cataract operations and burgeoning public awareness.

North America ophthalmic viscosurgical devices market is slated to reach USD 257 million by the end of 2032 attributed to the availability of paper consultation services and stringent protocols for patient safety in the region.