Precision Fermentation Fuels Growth in Ophthalmic Viscoelastic Devices Market: Opportunities and Key Segments - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Ophthalmic Viscoelastic Devices Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast to 2033" report has been added to ResearchAndMarkets.com's offering.

This report provides a comprehensive analysis of the Ophthalmic Viscoelastic Devices (OVD) market, highlighting key trends, market dynamics, and valuable insights for stakeholders. This report offers a detailed outlook on the market's growth prospects and emerging opportunities.

Ophthalmic viscoelastic devices, commonly known as OVDs, play a crucial role in intraocular surgeries. These devices are primarily composed of sodium hyaluronate, chondroitin sulfate, or hydroxypropyl methylcellulose. OVDs are designed to safeguard delicate ocular structures and reduce postoperative complications such as corneal edema.

During intraocular surgeries, OVDs help maintain pressure in the anterior chamber of the eye and prevent iris prolapse by maintaining compartmentalization. The use of OVDs significantly reduces patient recovery times, making them indispensable in various eye surgeries, including cataract surgeries, extracapsular surgeries, and phacoemulsification procedures.

Key Segments: The market report segments the OVD market based on various factors:

• End-Use: The pharmaceutical segment is poised to capture a substantial market share due to precision fermentation's capacity to produce complex therapeutic proteins and bioactive compounds, offering cost-effective and scalable production for biopharmaceuticals.
• Food & Beverage Application: Within this segment, meat & seafood is expected to hold a significant share, driven by the global plant-based meat industry's growth. Leading players like Impossible Foods and Motif FoodWorks are introducing precision-fermented meat alternative products.
• Ingredient Type: Whey & casein protein, commonly used in sports nutrition and food & beverage, will see innovation through precision fermentation to meet the demand for dairy-free and plant-based products, aligning with evolving consumer preferences.
• Microbe Type: Bacteria are projected to exhibit the highest CAGR, thanks to their rapid growth, genetic modification capabilities, and versatile metabolic pathways, making them instrumental in various bioprocesses.

Regional Insights: The Asia Pacific region is expected to register the highest CAGR in the precision fermentation ingredients market. A shift toward meat-free diets and increased adoption of vegetarianism are driving the demand for precision-fermented alternatives.

Impact of COVID-19: The report delves into the effects of COVID-19 on the OVD market, providing insights into the market's dynamics in 2020 and beyond, considering the global pandemic's impact.

Key Companies: Notable companies mentioned in the report include Change Foods, Eden Brew, Formo Bio, Fybraworks Foods, Geltor, Helaina Inc., Impossible Foods Inc., Melt&Marble, Motif Foodworks, Inc., Mycorena, Mycotechnology, Inc, New Culture, Nourish Ingredients Pty Ltd., Perfect Day, Inc., Remilk Ltd., Revyve, Shiru Inc., The Every Co., and Triton Algae Innovations.

Market Dynamics: The report provides a comprehensive analysis of the market dynamics, including drivers, restraints, opportunities, and challenges in the OVD market, aiding stakeholders in understanding the industry's evolving landscape.

Reasons to Buy: Purchasing this report offers various advantages:

• Impact of COVID-19: Gain insights into the pandemic's influence on the OVD market.
• Strategic Planning: Develop and refine in-licensing and out-licensing strategies with a review of pipeline products, technologies, and identification of robust pipeline companies.
• Business Strategies: Formulate effective business strategies by understanding the key trends, product innovations, market segments, and competitive landscape likely to impact the OVD market's future.
• Revenue Growth: Drive revenues by identifying market categories and segments offering maximum opportunities for consolidations, investments, and strategic partnerships.
• Competitive Analysis: Analyze the competitive landscape and company market share to identify emerging players with strong product portfolios and develop effective counterstrategies to gain a competitive advantage.
• Market Tracking: Track device sales in the global and country-specific OVD market from 2015-2033 to stay informed about market trends and dynamics.

For more information about this report visit https://www.researchandmarkets.com/r/g53oq9

Source: GlobalData

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