Global Corneal Pachymetry Market – Industry Trends and Forecast to 2029

Corneal Pachymetry Market Analysis and Size

The prevalence of ocular diseases such glaucoma, cataracts, and diabetic retinopathy is predicted to increase, which will boost overall growth. Additionally, at least 1 billion patients worldwide have untreated or preventable vision impairments, which is likely to fuel the industry's overall growth.

Data Bridge Market Research analyses that the corneal pachymetry market which was USD 320.6 million in 2021, would rocket up to USD 477.29 million by 2029, and is expected to undergo a CAGR of 5.10% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation      

Market Definition

A test to measure the cornea's thickness is called corneal pachymetry. The accuracy of intraocular eye pressure (IOP) measurement is determined using knowledge about corneal thickness. In addition, various corneal diseases, including keratoconus, corneal edoema, glaucoma, and refractive surgery, are assessed using the corneal pachymetry test.

Corneal Pachymetry Market Dynamics

Drivers

• Rising glaucoma disease

The size of the worldwide corneal pachymetry market is anticipated to increase at a CAGR of 5.1%. The prevalence of ocular diseases such as glaucoma, cataracts, and diabetic retinopathy is predicted to increase, which will boost overall growth. 2019 estimates from the World Health Organization place the number of persons with some form of vision impairment at about 2.2 billion. Additionally, at least 1 billion patients worldwide have untreated or preventable vision impairments, likely fueling the industry's overall growth.

• Technological developments

Pachymetry systems have benefited from technological developments such as the creation of analysis software and image processing, as well as superior displays and simplified operations. Furthermore, there is a good chance that the adoption rate of these devices will improve with the availability of technologically advanced perimeters at affordable rates.

Opportunities

• Strategic activities

Strategic activities are anticipated to increase access to contemporary ophthalmic care, which is anticipated to further the overall growth in this sector. In Asia and Africa, in particular, well-known market giants are increasing their rural presence. One of the main drivers of the market's expansion is the increase in ambulatory care facilities and charitable organizations. During the forecast period, demand for technologically improved pachymetry systems is anticipated to increase due to increased competition in the ophthalmic care services sector.

Restraints/Challenges

On the other hand, the inadequate reimbursement coverage for pachymetry procedures and stringent government regulations will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the corneal pachymetry market.

This corneal pachymetry 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 corneal pachymetry 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 Corneal Pachymetry Market Scope

The corneal pachymetry market is segmented on the basis of product type, application and end-user. 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.

Modality

• Handheld
• Desktop

 Method Type

• Ultrasonic Pachymetry
• Optical Pachymetry

 Application

• Glaucoma Diagnostics
• Refractive Surgery
• Keratoconus Screening
• Others

End User

• Hospitals
• Specialty Clinics
• Diagnostic Laboratories
• Ambulatory Surgical Centers

Corneal Pachymetry Market Regional Analysis/Insights

The corneal pachymetry market is analysed and market size insights and trends are provided by country, product type, application and end-user as referenced above.

The countries covered in the corneal pachymetry 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 corneal pachymetry market owing to the well-established healthcare infrastructure and the presence of key companies.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029, owing to increased disposable income levels and rising awareness about early diagnosis.

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 corneal pachymetry 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 corneal pachymetry market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the corneal pachymetry market. The data is available for historic period 2010-2020.

Competitive Landscape and Corneal Pachymetry Market Share Analysis

The corneal pachymetry 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 corneal pachymetry market.

Some of the major players operating in the corneal pachymetry market are:

• Quantel Medical (France)
• Optovue Incorporated (U.S.)
• DGH Technology, Inc. (U.S.)
• Tomey Corporation (Japan)
• Sonomed Escalon (U.S.)
• Reichert Inc. (U.S.)
• AMETEK Inc. (U.S.)
• MicroMedical Devices (MMD) Inc. (U.S.)
• OCULUS (Germany)
• Topcon (Japan)
• Ophtec BV (Netherlands)
• NIDEK Co. Ltd. (U.S.)
• CSO (Ireland)
• Zeiss International (Germany)
• Essilor (France)
• Bausch & Lomb Incorporated (Canada)

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