The Ophthalmic Retractors Market to go upwards in the next 10 years

Ophthalmic Retractors is a handheld ophthalmologic retractors which is used for retaining primarily upper eyelashes and eye lids. Ophthalmic retractors is also used to pull down lower lid as well. Ophthalmic retractors are used in ophthalmology to pull eye structure away from other tissues to ensure the integrity of the eye ball during surgery. Increase use of sophisticated instruments and equipment during the past years has led to the higher quality of eye care services which trigger the growth of ophthalmic retractors market. Development of efficient, high quality and cost effective equipment for the ophthalmic surgery will increase the demand of ophthalmic retractors further spur the market of ophthalmic retractors. Development of new equipment which are disposable and require no sterilization resulting to low maintenance cost and reduces infection associated with the post operation further trigger the growth of ophthalmic retractors market.

Growing number of ophthalmologist and physicians and growing adoption of new and technologically advanced equipment spur the ophthalmic retractors market. Increasing geriatric population which further increase the prevalence of eye disease leading to rising number of eye surgeries increase the demand of ophthalmic instruments which drive the ophthalmic retractors market. Rising private health insurance coverage, which reduces the out-of-pocket costs for individuals, thereby increasing demand for vision care further spur the ophthalmic retractors market. Growing clinical research, government funding, collaboration among the players, focus on development of new innovation spur the ophthalmic retractors market. However, factor such as high cost and maintenance of ophthalmic retractors coupled with lack of awareness and affordability of ophthalmic instruments in developing countries will hinder the ophthalmic retractors market.

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The global ophthalmic retractors market is segmented on basis of product type, end user and geography.

• Segmentation by Product Type
  • Disposable Ophthalmic Retractors
  • Reusable Ophthalmic Retractors
• Segmentation by End User
  • Hospitals
  • Ambulatory surgical centers
  • Specialty Clinics

Acceleration in the development of new ophthalmic devices drive the market growth of Ophthalmic Retractors market. Growing number of end user segments such as hospitals and ophthalmic clinics in emerging nations such as  Brazil, China etc. further drive the ophthalmic retractors market. Furthermore growing number of physicians and rising healthcare awareness coupled with growing per capita income has resulted in demand for better quality of healthcare services which further fuel the ophthalmic retractors market.

Increases in the addressable target population and innovative new products are also driving the growth of the ophthalmic retractors market.

The North America market for Ophthalmic Retractors is expected to retain its dominance, due to growing prevalence of eye disorders and increasing number of surgeries. Development of new devices and equipment for eye surgery is expected to boost the North America ophthalmic retractors market. According to American Academy of Ophthalmology, Cataracts affect approximately 24.4 million people in United States with age 40 and above and 48,229 corneal transplants performed in the United States in 2013.Europe is expected to account for the second largest share in the global ophthalmic retractors market owing to increasing prevalence of cataract and increasing cataract surgery coupled with increased adoption of novel tool and equipment.

Asia Pacific is expected to show significant growth, due to increased number of patients receiving treatment, advance in medical infrastructure, and increase in the penetration of health insurance will play a significant role in driving the market. Growing adoption of new technology and booming medical tourism is expected to fuel the Asia Pacific Ophthalmic Retractors market in the near future. China is expected to register rapid growth, due rapid economic development and rising aging population. Latin America and Middle East & Africa are projected to exhibit slow growth in Ophthalmic Retractors market, owing to lack of healthcare insurance in and poor infrastructure.

Examples of some of the key manufacturer present in the global ophthalmic retractors market are Holtex, Moria SA, Stingray Surgical Products LLC, Fabrinal SA, Surtex Instruments Limited, FE.MA srl, Oculo-Plastik, Inc. among others.

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Source MARKITWIRED