San Francisco, California, April 10, 2018 : The global ophthalmic viscosurgical devices market is anticipated to rise at a steady CAGR and is foreseen to be valued significantly by the end of the forecast period from 2017 to 2025. Transparency Market Research has recently published a report titled, “Ophthalmic Viscosurgical Devices Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”
The major reason behind the growth of global ophthalmic viscosurgical devices market is the rise in number of cataract surgeries carried out worldwide. Nevertheless, most of the people have the tendency to delay or procrastinate eye checkup which leads to late detection of issues. This becomes a restraining factor in global market growth. However, owing to rise in elderly population that are more prone to suffer from ocular ailments for example diabetic retinopathy, high myopia, and cataracts, the demand for ophthalmic viscosurgical devices in the market will remain supported. Besides, awareness brought by the campaigns of several NGOs is likely to fuel the global ophthalmic viscosurgical devices market. However, the lack of awareness in people about the necessity for routine eye check-up is a factor hindering the demand for ophthalmic viscosurgical devices in the global market.
On the basis of region, the global ophthalmic viscosurgical devices is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Currently, North America dominates the market with the U.S. representing a robust demand for ophthalmic viscosurgical devices. The region is likely to sustain its position in the future years because of the rise in prevalence of cases of glaucoma, diabetic retinopathy, and cataract. The increased incidence of diabetes in the mentioned region owing to betterment of diagnostics is anticipated to have a positive contribution to the regional market. Apart from that, access to better healthcare and attractive reimbursement policies are estimated to boost the regional market in the near term.
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Besides, Europe is prognosticated to follow the trend owing to increase in aged population. They are more prone to ocular problems for example cataract. Moreover, rise in awareness regarding regular eye checkups is also foreseen to fuel the regional market in the upcoming years. Along with this, Asia Pacific region is anticipated to project a significant growth rate during the forecast period owing to the increased incidence of diabetes in the region which has a great possibility of causing eye-related problems.
Some of the key organizations leading the growth of global ophthalmic viscosurgical devices market are CIMA Technology, Hyaltech, Precision Lens, and Rayner. Apart from these, Bausch & Lomb, Carl-Zeiss, Alcon, and Abbott Medical Opticsare some other leading players in the market.