As per MRFR analysis, the India Ophthalmic Viscoelastic Devices Market Size was estimated at 143 (USD Million) in 2023. The India Ophthalmic Viscoelastic Devices Market Industry is expected to grow from 173(USD Million) in 2024 to 366 (USD Million) by 2035. The India Ophthalmic Viscoelastic Devices Market CAGR (growth rate) is expected to be around 7.05% during the forecast period (2025 - 2035).
Key India Ophthalmic Viscoelastic Devices Market Trends Highlighted
The India Ophthalmic Viscoelastic Devices Market is experiencing significant growth due to several key market drivers. A primary factor is the increasing prevalence of eye disorders, such as cataracts and glaucoma, which has resulted in a higher demand for effective surgical procedures.
The Indian government's push towards enhancing healthcare access and improving surgical facilities has also contributed to market expansion. Moreover, advancements in technology and surgical techniques have led to the development of innovative viscoelastic devices that enhance patient outcomes, making them more desirable for healthcare providers. Opportunities in this market are vast, particularly with the rise of medical tourism in India.
The country competes with other nations in providing economical and high-quality healthcare services, attracting international patients for eye surgeries. This creates opportunities for the development of artificial ophthalmic viscoelastic devices for local and overseas patients.
Also, there is a remarkable shift towards using viscoelastic biodegradable devices because of fewer surgical complications and faster recovery times. Furthermore, there is an increased focus on custom-designed therapies to treat patients suffering from eye ailments.
With the continuous rise in awareness about ocular health among the Indian population, supported by government initiatives, the demand for ophthalmic viscoelastic devices is expected to see sustained growth in the coming years. This landscape offers a promising scenario for manufacturers and healthcare stakeholders to engage in the India Ophthalmic Viscoelastic Devices Market effectively.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Ophthalmic Viscoelastic Devices Market Drivers
Rising Incidence of Eye Diseases in India
The increasing prevalence of eye diseases, particularly cataracts and glaucoma, significantly drives the India Ophthalmic Viscoelastic Devices Market Industry. According to the Vision 2020 initiative by the World Health Organization, it is estimated that by 2025, around 20 million individuals in India are expected to suffer from cataracts.
The National Programme for Control of Blindness and Visual Impairment (NPCBVI) reported an increase in the number of cataract surgeries from 4.6 million in 2015 to an estimated 5.3 million in 2020.This rising demand prompts the need for advanced surgical techniques and supportive devices, including viscoelastic products, that protect ocular tissues during surgery.
Established companies such as Alcon and Johnson & Johnson have recognized this trend and are expanding their product lines to include innovative viscoelastic solutions specifically targeting the growing patient population in India. The increasing burden of eye-related health issues propels the demand for advanced surgical products, creating substantial growth prospects for the India Ophthalmic Viscoelastic Devices Market.
Technological Advancements in Ocular Surgery
Ongoing advancements in ocular surgical techniques, such as phacoemulsification and minimally invasive procedures, are significantly propelling the India Ophthalmic Viscoelastic Devices Market Industry. Modern surgical techniques require high-quality viscoelastic devices for effective performance, which helps ensure precision during operations.
The Indian medical device industry has seen substantial investment in Research and Development from both private and public sectors.For instance, the Indian government has introduced policies promoting locally manufactured medical devices that enhance safety and performance.
Furthermore, major players like Bausch + Lomb have been investing in next-generation viscoelastic products that cater to contemporary surgical requirements. According to the Vision 2020 initiative, improved surgical outcomes and reduced recovery times due to these advancements continue to raise demand for viscoelastic devices in India.
Increasing Healthcare Infrastructure Investments
The Indian government's focus on strengthening healthcare infrastructure plays a pivotal role in enhancing the India Ophthalmic Viscoelastic Devices Market Industry.
The National Health Policy emphasizes expanding accessibility to quality healthcare services, particularly in eye care. Recent government initiatives announced a budget allocation of over USD 1.7 billion to modernize healthcare facilities by 2025, which includes funding for ophthalmic surgical instruments and devices.
As more hospitals and clinics are equipped with modern surgical technologies, the demand for viscoelastic products is expected to rise significantly. Companies such as Medtronic are actively collaborating with hospitals and healthcare providers to implement advanced ocular surgery solutions within the evolving healthcare framework, thereby driving the growth trajectory of the India Ophthalmic Viscoelastic Devices Market.
Increase in Geriatric Population
The growing elderly population in India is aligning with an increasing demand for ocular surgeries, thus impacting the India Ophthalmic Viscoelastic Devices Market Industry positively. As per the Census of India, individuals aged 60 years and older are projected to increase from 8.6% in 2011 to around 20% in 2050, translating to approximately 300 million senior citizens.
This demographic shift will inevitably lead to a rise in age-related visual impairments, prompting a greater need for cataract surgery and other ocular procedures.Establishments such as the Indian Society of Cataract & Refractive Surgery (ISCRS) are actively promoting modern cataract surgery techniques, which further boosts the demand for high-quality viscoelastic devices. Consequently, the rise in the elderly population is a significant driver of growth for the India Ophthalmic Viscoelastic Devices Market.
India Ophthalmic Viscoelastic Devices Market Segment Insights
Ophthalmic Viscoelastic Devices Market Type Insights
The India Ophthalmic Viscoelastic Devices Market is composed of various types that play a critical role in ophthalmic surgeries. The prominent types include Cohesive Ophthalmic Viscoelastic Devices (OVDs) and Dispersive OVDs, each having distinct applications and benefits in the surgical setting. Cohesive OVDs are known for their ability to maintain space in the anterior chamber during surgery, preventing the collapse of tissues and minimizing damage while providing excellent visibility.
Their properties make them suitable for procedures such as cataract surgeries, where maintaining a stable environment is paramount. On the other hand, Dispersive OVDs are characterized by their capability to coat and protect corneal endothelium, significantly reducing the risk of damage during the surgical process.
This type can occupy the space effectively while dispersing within the surgical site, making it significantly advantageous in complicated procedures. The growing aging population in India is a substantial driver for the demand for these devices, as age-related eye disorders become more prevalent, leading to increased surgical interventions.
Moreover, advancements in product technology and an expanding range of applications in various ophthalmic surgeries ensure that both types of OVDs cater to diverse surgical challenges. Additionally, the rise of medical tourism in India for eye surgeries further contributes to the growth of this market segment, attracting patients seeking quality care at competitive costs. However, despite the promising growth, challenges such as stringent regulatory approvals and the need for continuous innovation are noteworthy.
As such, the India Ophthalmic Viscoelastic Devices Market utilizes these types effectively, reflecting a market that is not only significant in terms of revenue potential but is also pivotal in improving surgical outcomes across the nation. As India continues to enhance its healthcare infrastructure and focus on advanced surgical techniques, it is critical for the India Ophthalmic Viscoelastic Devices Market to adapt and innovate, ensuring that both Cohesive and Dispersive OVDs fulfill the evolving needs of healthcare providers and patients alike.
The appropriate selection of these devices contributes significantly to the efficacy of surgical procedures, making their role indispensable in the continuum of eye care. Through ongoing efforts in Research and Development and adherence to international standards, the market can expect sustained growth, contributing positively to health outcomes for patients undergoing eye surgeries in India.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ophthalmic Viscoelastic Devices Market Application Insights
The India Ophthalmic Viscoelastic Devices Market is significantly influenced by its Application segment, which encompasses various vital procedures. Cataract Surgery stands as a critical area due to the increasing prevalence of cataracts in the aging population, necessitating advanced viscoelastic devices for maintaining the anterior chamber during surgery.
Glaucoma Surgery also plays an important role, driven by the rising incidence of glaucoma and the need for precise surgical interventions that require effective and reliable viscoelastic materials.Corneal Transplantation represents another essential application, as advancements in this field foster a growing demand for specialized viscoelastic solutions that support tissue handling and maintain corneal integrity.
Lastly, Vitreoretinal Surgery, which addresses complex retinal disorders, is becoming increasingly important, thus emphasizing the need for innovative viscoelastic devices to aid in delicate surgical maneuvers.
The trends in these applications indicate an overall growth fueled by an increase in surgical procedures and technological innovations that enhance patient outcomes.This reflects the broader market dynamics and opportunities present within the India Ophthalmic Viscoelastic Devices Market, aligning with global healthcare advancements.
Ophthalmic Viscoelastic Devices Market End User Insights
The End User segment of the India Ophthalmic Viscoelastic Devices Market comprises Ophthalmic Clinics, Phaco Centers, Hospitals, and Academic and Research Institutes, each playing a crucial role in the overall landscape of eye care. Ophthalmic Clinics and Phaco Centers are significant as they specialize in cataract surgeries and lens procedures, contributing to the demand for viscoelastic devices due to the increasing prevalence of cataracts in the aging population. Hospitals provide comprehensive eye care services, aligning with the rising healthcare expenditure in India, which boosts investments in advanced medical technology.
Meanwhile, Academic and Research Institutes are essential for innovation, fostering advancements in ophthalmic technology and techniques and ensuring a pipeline of skilled professionals. The market is driven by factors like the growing incidence of eye disorders and the expanding number of eye surgeries, creating opportunities for effective and safe surgical solutions.
The India Ophthalmic Viscoelastic Devices Market data suggests that this segment is poised for substantial growth, emphasizing the importance of tailored solutions to meet the unique needs of various end users in ophthalmology.Furthermore, the increasing integration of technology in these settings provides opportunities for improved patient outcomes, which is a significant trend in the industry.
India Ophthalmic Viscoelastic Devices Market Key Players and Competitive Insights
The India Ophthalmic Viscoelastic Devices Market has become increasingly competitive in recent years, driven by a surge in demand for advanced eye care solutions. As the prevalence of eye diseases increases along with the aging population, the need for specialized ophthalmic devices, such as viscoelastic agents used in various surgical procedures, has garnered significant attention. New technological advancements, emphasis on patient safety, and the growing urgency for effective treatment solutions are pushing manufacturers to innovate.
The market is characterized by the presence of established players as well as new entrants, working diligently to capture market share by enhancing their product lines, improving distribution channels, and expanding their geographic footprint.
Eagle Vision holds a prominent position in the India Ophthalmic Viscoelastic Devices Market thanks to its robust product portfolio and commitment to quality. The company has successfully built a strong brand reputation through its innovative offerings that cater specifically to the needs of ophthalmic surgeons.
Eagle Vision has focused on developing high-quality viscoelastic substances used during cataract and other eye surgeries, making it a favored choice among healthcare professionals. Its strategic approach emphasizes collaboration with healthcare providers, thereby enhancing its market presence and gaining valuable insights into emerging trends and customer preferences.
The reputation of Eagle Vision as a reliable supplier has enabled it to establish long-term relationships with hospitals and clinics, further solidifying its foothold in this competitive landscape.MediVision has also emerged as a competitive player in the India Ophthalmic Viscoelastic Devices Market by leveraging its technological advancements and exceptional customer service.
The company offers a wide range of products tailored for various ophthalmic procedures, including viscoelastic solutions that support surgical effectiveness and patient outcomes. With a focus on innovation, MediVision continuously enhances its product offerings to meet the evolving needs of the surgical community. This commitment is reflected in its strategic partnerships and collaborations aimed at exploring new markets within India.
Additionally, MediVision has been active in pursuing mergers and acquisitions to increase its market share and diversify its product range. The company’s strengths lie not only in the quality of its products but also in its agile operational framework, allowing it to adapt quickly to changing market dynamics and customer preferences.
Key Companies in the India Ophthalmic Viscoelastic Devices Market Include
India Ophthalmic Viscoelastic Devices Market Industry Developments
The India Ophthalmic Viscoelastic Devices Market has witnessed significant activity recently. In October 2023, Eagle Vision launched a new line of viscoelastic devices aimed at enhancing surgical outcomes in cataract procedures. MediVision also unveiled advanced formulations for its viscoelastic products to cater to the increasing demand from ophthalmic surgeons across the country.
Furthermore, in September 2023, Abbott Laboratories announced an expansion of its distribution network in India to enhance its market presence. In a notable merger, Bausch Health completed the acquisition of Santen Pharmaceutical’s ophthalmic business in August 2023, a move aimed at consolidating their product offerings in India. The growth of the market is also driven by a rising aging population and an increase in eye-related procedures.
In terms of market valuation, the Indian market for ophthalmic viscoelastic devices is expected to reach USD 300 million by 2025, reflecting a robust growth trajectory. Recent developments, coupled with increasing healthcare investments and technological advancements, are shaping a promising future for key players like Alcon and Johnson and Johnson, who are actively involved in Research and Development for advanced surgical solutions.
India Ophthalmic Viscoelastic Devices Market Segmentation Insights
Ophthalmic Viscoelastic Devices Market Type Outlook
Ophthalmic Viscoelastic Devices Market Application Outlook
Ophthalmic Viscoelastic Devices Market End User Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 143.0(USD Million) |
| MARKET SIZE 2024 | 173.0(USD Million) |
| MARKET SIZE 2035 | 366.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.05% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Eagle Vision, MediVision, Abbott Laboratories, Bausch Health, Medens Incorporation, Optos, Santen Pharmaceutical, Hoya Corporation, Surgical Instrumentations, Scleral Lens, Carl Zeiss AG, Ocular Therapeutix, Alcon, Johnson & Johnson, Keller Medical |
| SEGMENTS COVERED | Type, Application, End User |
| KEY MARKET OPPORTUNITIES | Growing cataract surgeries demand, Innovative product development, Rising geriatric population, Increasing awareness and education, Expanding healthcare infrastructure |
| KEY MARKET DYNAMICS | Increasing cataract surgeries, Rising geriatric population, Technological advancements in devices, Growing awareness about eye health, Expanding healthcare infrastructure |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Ophthalmic Viscoelastic Devices Market is expected to be valued at 173.0 million USD in 2024.
The market is projected to reach a value of 366.0 million USD by 2035.
The expected CAGR for the market during this period is 7.05%.
Cohesive OVDs are expected to hold significant market value, projected at 160.0 million USD by 2035.
The estimated market size for Dispersive OVDs in 2024 is 93.0 million USD.
Key players include Abbott Laboratories, Alcon, and Bausch Health among others.
Cohesive OVDs are projected to grow to 160.0 million USD, while Dispersive OVDs are expected to reach 206.0 million USD, indicating significant growth in both segments.
Key applications include cataract surgery and other ophthalmic procedures that require viscoelastic support.
Challenges include regulatory hurdles and the increasing competition among manufacturers.
Opportunities exist in developing innovative viscoelastic solutions for advanced surgical procedures.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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