Global Pachymeter Device Market, By Product Type (Handheld Type, Non-Handheld Type), Type (Ultrasound Method, Optical Method), Application (Glaucoma Diagnosis, Refractive Surgery) – Industry Trends and Forecast to 2029.
Pachymeter Device Market Analysis and Size
The size of the pachymeter device market is anticipated to increase during forecast period. 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 pachymeter device market is expected to undergo a CAGR of 5.50% 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.
Pachymeter Device Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Handheld Type, Non-Handheld Type), Type (Ultrasound Method, Optical Method), Application (Glaucoma Diagnosis, Refractive Surgery)
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Countries Covered
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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.
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Market Players Covered
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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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Market Opportunities
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Market Definition
A pachymeter is a piece of medical equipment used to measure the corneal thickness of the eye. Among other things, it is used to do corneal pachymetry prior to refractive surgery, screen for keratoconus, detect cataracts, perform LRI surgery, and is helpful in glaucoma screening of patients. The procedure to measure corneal thickness is called a corneal pachymeter, which is a quick and simple examination that involves an ultrasonic scan of the front and rear corneal surfaces.
Global Pachymeter Device Market Dynamics
Drivers
- Rising glaucoma disease
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, which is likely to fuel 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 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 rise in the number of ambulatory care facilities and charitable organisations. 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 stringent government regulations and inadequate reimbursement coverage for pachymetry procedures will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the pachymeter device market.
This pachymeter device 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 pachymeter device 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 Pachymeter Device Market Scope
The pachymeter device market is segmented on the basis of product type, type and application. 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.
Product Type
- Handheld Type
- Non-Handheld Type
Type
- Ultrasound Method
- Optical Method
Application
- Glaucoma Diagnosis
- Refractive Surgery
Pachymeter Device Market Regional Analysis/Insights
The pachymeter device market is analysed and market size insights and trends are provided by country, product type, type and application as referenced above.
The countries covered in the pachymeter device 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 pachymeter device market due to the rising base of baby boomers and well-established healthcare infrastructure.
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 pachymeter device 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 pachymeter device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pachymeter device market. The data is available for historic period 2010-2020.
Competitive Landscape and Pachymeter Device Market Share Analysis
The pachymeter device 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 pachymeter device market.
Some of the major players operating in the pachymeter device 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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