Global Iris Retractor Market – Industry Trends and Forecast to 2030

Global Iris Retractor Market, By Type (Non-Dilating, Non-Fully Dilating and Inoperative Floopy Iris Syndrome, Disposable, Reusable), Procedure (Phacoemulsification, Retina and Vitreous Surgery), End Use (Hospitals, Diagnostic Centers, Others) – Industry Trends and Forecast to 2030.

 Iris Retractor Market Analysis and Size

A retractor for the iris used during eye surgery. The retractor comprises a substantially circular, resilient ring with an arcuate flange extending downward and outwardly from it, a number of transverse, reinforcing struts extending across the ring and the arcuate flange, and a pair of opposing pinions located on the ring's flange. Before placement within the pupil, the retractor can be contracted into a substantially oval configuration using suitable forceps that engage the opposing pinions, then expanded back into its circular configuration using the retractor's resiliency.

Data Bridge Market Research analyses that the iris retractor market which was USD 335.7 million in 2022, is expected to reach USD 576.80 million by 2030, at a CAGR of 7% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Iris Retractor Market Scope and Segmentation      

Market Definition

Iris retractors (also known as iris hooks) are used when an individual's iris is non-dilating or inoperative. In these cases, iris hooks are referred to as the best temporary implants. When pharmacological dilation fails, highly effective iris hooks may be used. Iris hooks are useful tools for cataract surgery in many cases because they help to maintain a safe pupillary diameter. The versatile iris retractor enables mechanical dilation of the eye where pharmacological dilation is not possible. Reducing surgical time is a simple, safe, and quick option.

Global Iris Retractor Market Dynamics

Drivers

• Increasing demand for minimally invasive surgeries

The global market for iris retractor is expected to grow during the forecast period of 2023-2030. This is due primarily to the advantages that these procedures have over traditional open surgery, such as shorter hospital stays, less pain and blood loss, and faster recovery times. Iris retractors are an important part of minimally invasive surgeries and are thus expected to benefit from this growth trend.

• Rising prevalence of eye diseases

According to the World Health Organization, the global prevalence of eye diseases is expected to be around 285 million cases in 2020. (WHO). As a result, iris retractors manufacturers have a significant opportunity to tap into this large pool of potential customers. Furthermore, rising global awareness of eye health will contribute to increased demand for iris retractors in the coming years.

Opportunities

• Technological advancements

Iris retractor manufacturers are constantly innovating to make their products more user-friendly and efficient. For instance, some companies have begun to offer disposable iris retractors, which reduce the risk of infection transmission between patients undergoing different procedures with the same device. Such technological advancements will aid in the growth of the iris retractor market in the coming years.

Restraints/Challenges

• High cost

One time usage capability and high cost of raw material will act as a restrain, and further challenge the growth of the iris retractor market in the forecast period mentioned above.

This iris retractor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the iris retractor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Iris Retractor Market Scope

The iris retractor market is segmented on the basis of type, procedure and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Non-Dilating
• Non-Fully Dilating
• Inoperative Floopy Iris Syndrome
• Disposable
• Reusable

 Procedure

• Phacoemulsification
• Retina and Vitreous Surgery

End Use

• Hospitals
• Diagnostic Centers
• Others

Iris Retractor Market Regional Analysis/Insights

The iris retractor market is analysed and market size insights and trends are provided by country, type, procedure and end-use as referenced above.

The countries covered in the iris retractor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the iris retractor market due to the number of ophthalmic disorders, an increase in cosmetic surgeries, a high adoption rate of advanced technologies, and rising demand for minimally invasive surgeries.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to a large population base and improving healthcare infrastructure in emerging countries such as China and India.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The iris retractor market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for iris retractor market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the iris retractor market. The data is available for historic period 2011-2021.

Competitive Landscape and Iris Retractor Market Share Analysis

The iris retractor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to iris retractor market.

Some of the major players operating in the iris retractor market are:

• Omni Lens (India)
• FCI (India)
• MSI Precision Instruments (U.S.)
• BINO SCIENTIFIC (India)
• Madhu Instruments Pvt. Ltd (India)
• SHREEGI MICRO SYSTEMS INC. (India)
• Surgitrac Instruments UK Limited (U.K.)
• Zauba Technology Pvt Ltd. (India)
• Lombart Instrument, Inc. (U.S.)
• AADPRI OPTHALMIC COMPANY (India)
• Micro Track Surgicals (India)
• Eagle Labs (U.S.)
• McKesson Medical-Surgical Inc. (U.S.)
• Duckworth & Kent Ltd. (U.K.)
• Phakos (France)