Tonometer Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
Global Tonometer Market size is expected to reach US$ 653.01 Mn by 2030, at a CAGR of 5.14% during the forecast period.
Tonometer Market Overview:
A tonometer is an instrument that measures the intraocular pressure (IOP) within the eye. This equipment is used to determine whether or not a patient has glaucoma. Glaucoma is a medical disorder in which too much fluid is retained in the eye, causing damage to the optic nerve and, in extreme cases, visual loss.
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Tonometer Market Dynamics:
Increasing prevalence of ophthalmic disorders is the major factor propelling the market growth.
A key factor projected to contribute to market growth is the rising prevalence of glaucoma, diabetes, myopia, and hypertension. Diabetes raises the risk of glaucoma by 36.0%, according to studies. According to a study published in the American Academy of Ophthalmology, the global prevalence of glaucoma in adults aged 40 to 80 years would reach 76.0 million in 2020 and 111.8 million in 2050. Increased elderly populations, as well as lower mortality rates and longer life expectancy, have all contributed to an increase in tonometer demand in recent years.
In addition, rising awareness of the importance of early diagnosis and frequent monitoring of IOP to avoid vision loss is projected to drive demand for the medication. The implementation of reimbursement schemes by national governments is likely to encourage hospitals and clinics to use tonometers. Other key factors projected to stimulate demand for tonometers are glaucoma screening programmes coordinated by the private, semi-public, and public healthcare sectors.
Glaucoma sufferers are frequently advised to have regular eye exams due to the disease's lack of severe symptoms. Early diagnosis can lessen the odds of a patient's condition worsening, resulting in an increase in the number of people receiving diagnostic, driving up demand for tonometers. Tonometer aided testing replacements and technological improvements will be restricting factors for the tonometer market. In the tonometer market, there are more chances to customise the device and create it with finer specs and accuracy.
The report has profiled sixteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Segment Analysis:
The Global Tonometer Market is segmented on the basis of Technology, Portability Type and End-Users.
Based on Technology, the Applanation Tonometry segment is expected to account for dominant market share during the forecast years. The fluid pressure in the eye is measured using the applanation tonometry test. A slit light with forehead and chin supports, as well as a tiny, flat-tipped cone that gently contacts the patient's cornea, are used in the test. The test basically determines how much force is required to temporarily flatten a portion of the cornea.
It's used to figure out if people have glaucoma. The cornea is flattened in applanation tonometry, and the IOP is calculated by adjusting the applanating force or the flattened area. Goldmann applanation tonometers, non-contact tonometers, and ocular response analyzers are the three types of applanation tonometers. Based on peer-reviewed research, CATS Tonometer LLC developed CATS Tonometer Reusable Prism in January 2019 with the United States FDA authorized patented applanation surface that delivers an immediate 94% enhanced IOP accuracy for the majority of the population.
Based on Portability Type, the Handheld segment held a prominent market share in 2023. Factors like ergonomic design and low pricing are responsible for this segment's substantial market dominance. IOP is measured with desktop tonometers such as the Ocular Response Analyzer (ORA) or the Dynamic Contour Tonometer (DCT), which are not affected by corneal biochemical characteristics. Ocular procedures such as keratoplasty, glaucoma, cataract surgery, and other refractive surgeries are predicted to grow segment growth.
Regional Insights:
North America is expected to dominate the global market during forecast period.
In 2023, North America had the greatest share xx% of the global market. The regional market is predicted to grow due to the presence of significant competitors, streamlined reimbursement procedures, and the rising prevalence of glaucoma. Glaucoma affects roughly 2.7 million people in the United States aged 40 and up, according to the American Academy of Ophthalmology (AAO). Additionally, favourable government efforts and an increase in the number of research partnerships are likely to propel market growth. Due to favourable healthcare legislation, a large number of patients, and a developed healthcare market, the United States have the largest share in this region. Furthermore, new product launches, an increase in the number of optometrists, and increased awareness of treatment choices are all driving market growth. For example, the Icare ic200, a next-generation tonometer for intraocular pressure screening developed by Revenio Group, received marketing permission in the United States in January 2020.
The report also helps in understanding Global Tonometer Market dynamics, structure by analyzing the market segments and project the Global Tonometer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tonometer Market make the report investor’s guide.
Tonometer Market Scope: Inquire before buying
| Global Tonometer Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US$ 459.77 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 5.14% | Market Size in 2030: | US$ 653.01 Mn. |
| Segments Covered: | by Technology | Applanation Tonometry Indentation Tonometry Rebound Tonometry Other Technologies |
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| by Portability Type | Desktop Handheld |
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| by End-Users | Hospitals Ophthalmic Centers |
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Tonometer Market, By Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Tonometer Market, Key players:
1. Topcon Corporation
2. Oculus Inc.
3. Keeler Ltd.
4. iCare Medical Inc.
5. Reichert Technologies
6. Rexxam Co., Ltd.
7. Nidek Medical India Pvt. Ltd.
8. Haag-Streit
9. Tiolat
10. Accutome
11. Canon
12. Huvitz
13. Kowa
14. Suoer
15. Tomey
16. 66 Vision-Tech
Frequently Asked Questions:
1. Which region has the largest share in Global Tonometer Market?
Ans: North America region holds the highest share in 2023.
2. What is the growth rate of Global Tonometer Market?
Ans: The Global market is growing at a CAGR of 5.14% during forecasting period 2024-2030.
3. What is scope of the Global Tonometer market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Tonometer market?
Ans: The important key players in the Global market are – Topcon Corporation, Oculus Inc., Keeler Ltd., iCare Medical Inc., Reichert Technologies, Rexxam Co., Ltd., Nidek Medical India Pvt. Ltd., Haag-Streit, Tiolat, Accutome, Canon, Huvitz, Kowa, Suoer, Tomey, and 66 Vision-Tech
5. What is the study period of this market?
Ans: The Global market is studied from 2023 to 2030.