Global Ophthalmic Viscoelastic Devices (OVD) Market to Reach US$ 3.7 Billion by 2032, Driven by Significant Advancements in Eye Surgical Techniques

August 28, 2023 | Healthcare

According to the latest report by IMARC Group, titled “Ophthalmic Viscoelastic Devices (OVD) Market by Product (Cohesive Ophthalmic Viscoelastic, Dispersive Ophthalmic Viscoelastic), Application (Cataract Surgery, Glaucoma Surgery, Corneal Transplant, Vitreoretinal Surgery), End User (Hospitals, Ophthalmic Clinics, and Others), and Region 2024-2032,” the global ophthalmic viscoelastic devices (OVD) market size reached US$ 2.7 Billion in 2023. Ophthalmic viscoelastic devices (OVDs) are specialized substances used in ophthalmic surgeries to maintain space within the eye, facilitate surgical procedures, and protect delicate eye structures. OVDs are gel-like materials with varying viscosities that offer temporary support and create a controlled environment during surgeries such as cataract removal, intraocular lens implantation, and other intricate eye procedures. OVDs serve multiple functions, including maintaining the anterior chamber depth, protecting the corneal endothelium, and ensuring stable conditions for precise surgical maneuvers. They are typically composed of biocompatible materials, such as hyaluronic acid, chondroitin sulfate, and sodium hyaluronate, ensuring minimal risk of adverse reactions within the eye. During surgery, OVDs are introduced into the eye through a tiny incision and carefully distributed to maintain the necessary space between the cornea and lens. This separation enhances visibility for the surgeon and shields delicate eye structures from potential damage. Once the procedure is complete, OVDs can be gently removed from the eye.

Global Ophthalmic Viscoelastic Devices (OVD) Market Trends:

The evolution of minimally invasive and micro-incisional ophthalmic surgical techniques represents one of the key factors driving the growth of the market across the globe. These devices provide essential support during delicate surgeries, such as cataract removal, corneal transplantation, and glaucoma procedures. OVDs create and maintain space within the eye, offering surgeons improved visibility and enhanced control during intricate maneuvers. As medical technology advances, OVDs are increasingly recognized for their pivotal role in ensuring successful outcomes in modern eye surgery. The global increase in the aging population is leading to a higher prevalence of age-related eye conditions, such as cataracts and presbyopia. These conditions often require surgical intervention, which is facilitating the demand for OVDs. As individuals seek to maintain their visual health and quality of life, the adoption of advanced ophthalmic procedures supported by OVDs has become more prevalent. Additionally, OVDs aid in protecting delicate eye structures during surgery, addressing the increased susceptibility of older patients to eye-related complications. OVD manufacturers continue to innovate, developing new formulations and improving the performance of existing products. These advancements result in OVDs with enhanced viscosity, cohesive properties, and biocompatibility, which is improving their effectiveness in maintaining space, minimizing trauma, and ensuring better surgical outcomes. Surgeons and healthcare professionals are increasingly inclined to adopt these innovative solutions, which is driving the market growth. The trend toward outpatient surgical procedures, driven by cost-effectiveness and patient convenience, is positively impacting the growth of the market. OVDs enable efficient and successful outpatient eye surgeries by aiding surgeons in achieving accurate and safe procedures. As the demand for outpatient services continues to rise, the reliance on OVDs as essential tools for maintaining optimal surgical conditions is increasing. The growing awareness about the importance of regular eye examinations and advancements in healthcare infrastructure is expanding access to eye care services across regions. This results in earlier detection of eye conditions and an increase in elective eye surgeries. The use of OVDs contributes to the successful execution of these procedures, which is creating a positive outlook for the market across the globe. Looking forward, the market value is projected to reach US$ 3.7 Billion by 2032, expanding at a CAGR of 3.52% during 2024-2032.

Market Summary:

  • Based on the product, the market has been segmented into cohesive ophthalmic viscoelastic, and dispersive ophthalmic viscoelastic. Presently, cohesive ophthalmic viscoelastic holds the largest market share across the globe.
  • On the basis of the application, the market has been classified into cataract surgery, glaucoma surgery, corneal transplant, and vitreoretinal surgery. Currently, cataract surgery is dominating the market across the globe.
  • Based on the end-user, the market has been categorized into hospitals, ophthalmic clinics, and others. Presently, hospitals are dominating the market across the globe.
  • Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Presently, North America holds the largest market share across the globe.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Alcon Inc., Altacor Limited, Bausch Health Companies Inc., Bohus Biotech Ab, Carl Zeiss Meditec Ag, Cima Technology Inc, Eyekon Medical Inc., Johnson & Johnson, RUMEX International Co., etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Products Covered Cohesive Ophthalmic Viscoelastic, Dispersive Ophthalmic Viscoelastic
Applications Covered Cataract Surgery, Glaucoma Surgery, Corneal Transplant, Vitreoretinal Surgery
End Users Covered Hospitals, Ophthalmic Clinics, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alcon Inc., Altacor Limited, Bausch Health Companies Inc., Bohus Biotech Ab, Carl Zeiss Meditec Ag, Cima Technology Inc, Eyekon Medical Inc., Johnson & Johnson, RUMEX International Co., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Ophthalmic Viscoelastic Devices (OVD) Market to Reach US$ 3.7 Billion by 2032, Driven by Significant Advancements in Eye Surgical Techniques
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More