Artificial Iris Market: By Type, By Age Group, By Application, By End-user and Geography

Artificial Iris Market Size, Share, Growth, Trends, and Global Industry Analysis:  By Type (Fiber, Fiber Free), By Age Group (Adult, Pediatric), By Application (Therapeutic, Cosmetic), By End-user (Public Hospitals, Private Hospitals) and Region

Artificial Iris Market size was valued at US$ 16.5 million in 2023 and is poised to grow at a significant CAGR of 9.7% from 2024-2030. The natural pupil regulates how much light enters the eye, and those with abnormalities of the pupil or iris may see glare or haloes in intense natural or artificial light. Patients may also want to have their abnormally dilated pupils treated because they are self-conscious about their appearance. Artificial Iris has evolved as a solution to these problems. The rise in the geriatric population, age-related eye abnormalities, and rising demand for minimally invasive surgical treatments may all be factors driving the adoption of the artificial iris.

The United Nations defines population aging as a demographic shift resulting in a higher proportion of older adults. While population aging is speeding up, growth is slowing in some regions and nations. Around 962 million people, or 13% of the world's population, were predicted to be 60 or older as of 2017. An estimated 3% of the population turns 60 or older each year. Other sections of the world will also experience rapid aging, and by 2050, every continent outside Africa will have a population of at least 25% older than 60. Furthermore, according to estimates, there will be 1.4 billion older people globally by 2030, 2.1 billion by 2050, and 3.1 billion by 2100.

Additionally, according to two extensive Scandinavian investigations, between 1 in 40,000 and 72,000 live newborns are found to have classical aniridia. Moreover, 1 in 2077 live births resulted in ocular coloboma. As a result, the market for artificial iris will continue to rise at a constant rate due to the expanding worldwide population, primarily composed of geriatric people who are more prone to eye illnesses. It is therefore anticipated that it will increase competition in the artificial iris sector.

Key Developments

In February 2020, Human Optics AG received health insurance approval for its artificial iris Customflex Artificial Iris in the United States.

Artificial Iris Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.7%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Artificial Iris Market Dynamics

Increased prevalence of eye conditions such as congenital aniridia, aesthetic concerns, and traumatic iris loss is the primary driver of the market's expansion. According to an NCBI article, aniridia is found in around 1.8/100,000 live births annually, with a global frequency ranging from 1:40,000 to 1:100,000. The primary driver of the worldwide artificial iris market is the increase in clinical trials targeted at developing cutting-edge technologies to treat various eye problems. The market is also being driven by recent regulatory approval for artificial iris implants and growing concerns about improving the cosmetic look of the eye. On the other hand, due to legal limitations for its use, the artificial iris is still a novel concept and is only authorized for use in a few nations. The expansion of the global market is also hampered by side effects related to implant procedures.

Artificial Iris Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 16.5 million

Market CAGR

9.7%

By Type

  • Fiber
  • Fiber Free

By Age Group

  • Adult
  • Pediatric

By Application

  • Therapeutic
  • Cosmetic

By End User

  • Public Hospitals
  • Private Hospitals

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The artificial iris market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The global artificial iris market size was valued at US$ 16.5 million in 2023 and is projected to grow at a significant CAGR of 9.7% from 2024-2030.

HumanOptics AG, Morcher GmbH, Ophtec BV, EyeYon Medical, Spectrum Surgical

North America is the fastest-growing region for artificial iris market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2.  Global Artificial Iris Market Introduction 
2.1. Global Artificial Iris Market  - Taxonomy
2.2. Global Artificial Iris Market  - Definitions
2.2.1. Type
2.2.2. Age Group
2.2.3. Application
2.2.4. End-user 
2.2.5. Region
3. Global Artificial Iris Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Key Developments
4. Global Artificial Iris Market  By Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
4.1. Fiber
4.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
4.1.3. Market Opportunity Analysis 
4.2. Fiber Free
4.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
4.2.3. Market Opportunity Analysis 
5. Global Artificial Iris Market  By Age Group, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
5.1. Pediatric
5 1 1  Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Adult
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6. Global Artificial Iris Market  By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
6.1. Therapeutic
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cosmetic
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7. Global Artificial Iris Market  By End-user , 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
7.1. Public Hospitals
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) 
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)  
7.1.3. Market Opportunity Analysis  
7.2. Private Hospitals 
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) 
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)  
7.2.3. Market Opportunity Analysis  
8.  Global Artificial Iris Market  By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. RoW
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.6.  Global Artificial Iris Market - Opportunity Analysis Index, By Age Group, Type, Application, End-user , and Region, 2024-2030
9. North America Artificial Iris Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
9.1. Type Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1. Fiber
9.1.2. Fiber Free
9.2. Age Group Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1. Pediatric
9.2.2. Adult
9.3. Application Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1. Therapeutic
9.3.2. Cosmetic
9.4. End-user  Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1. Public Hospitals
9.4.2. Private Hospitals
9.5. Country  Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.5.1. USA
9.5.2. Canada
10. Europe Artificial Iris Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
10.1. Type Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1. Fiber
10.1.2. Fiber Free
10.2. Age Group Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1. Pediatric
10.2.2. Adult
10.3. Application Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1. Therapeutic
10.3.2. Cosmetic
10.4. End-user  Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1. Public Hospitals
10.4.2. Private Hospitals
10.5. Country  Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1. Germany
10.5.2. France
10.5.3. Italy
10.5.4. Spain
10.5.5. Rest of Europe
11. RoW Artificial Iris Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
11.1. Type Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1. Fiber
11.1.2. Fiber Free
11.2. Age Group Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1. Pediatric
11.2.2. Adult
11.3. Application Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1. Therapeutic
11.3.2. Cosmetic
11.4. End-user  Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1. Public Hospitals
11.4.2. Private Hospitals
11.5. Country  Analysis,  2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1. China
11.5.2. Japan
11.5.3. Brazil
11.5.4. Rest of World
12.  Competition Landscape
12.1. Strategic Dashboard of Top Market Players
12.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
12.2.1. Ophtec
12.2.2. HumanOptics AG
12.2.3. Morcher GmbH
12.2.4. Brightocular
13.  Research Methodology
14.  Key Assumptions and Acronyms

Key Market Players

  • HumanOptics AG
  • Morcher GmbH
  • Ophtec BV
  • EyeYon Medical
  • Spectrum Surgical
  • Reper-NN Ltd.
  • VEO Ophthalmics, LLC.
  • Pixium Vision

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