Ophthalmic Viscosurgical Devices Market share to reach $790mn by 2024: Global Market Insights Inc. According to research report “Ophthalmic Viscosurgical Devices Market Size By Product (Dispersive, Cohesive, Combined), By Application (Cataract Surgery, Vitreoretinal Surgery, Canaloplasty, Refractive Surgery, Keratoplasty), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Australia, Malaysia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Worldwide ophthalmic viscosurgical devices market will surpass a revenue collection of USD 790 million by 2024 with an annual growth rate of more than 10% over the years ahead. Ophthalmic viscosurgical devices market is expected to carve a remarkable growth path, owing to the surging product requirement for age-related cataract treatment. Reliable statistics state that more than 10 million cataract operations are carried out across the globe. Increasingly changing dietary habits and a hectic, modern lifestyle has led to a widespread occurrence of diabetes. Diabetic people are vulnerable to ocular disabilities such as blindness and diabetic retinopathy, which in turn, will favor ophthalmic viscosurgical devices industry growth noticeably.
Based on the products, ophthalmic viscosurgical devices market is mainly divided into cohesive, dispersive, and combined. Dispersive devices covered more than 47% of the revenue share in 2015 and will exhibit lucrative growth prospects over the coming years of 2016 to 2024. The prominent usage of these devices for cataract surgeries due to their notable rheological characteristics will augment the product demand. Cataract surgery application acquired more than 49% of the market share of the application landscape in 2015 and will record a CAGR of 12.6% over the period of 2016 to 2024. The number of patients affected by cataract are increasing substantially across the globe, which will noticeably boost the demand for ophthalmic viscosurgical devices. Cohesive ophthalmic viscosurgical devices market is anticipated to cover a market share of about 40% over the coming years of 2016 to 2024, owing to the cohesive nature of the device, which is mainly used in OVD retention for phacoemulsification. Phacoemulsification technology is extensively used for the treatment of cataract.
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