Global Tonometers Market, By Product Type (Applanation Tonometers, Pascal Dynamic Contour Tonometers, Rebound Tonometers, Indentation Tonometers), Technology (Probe Based, Electronic, Pneumatic Tonometer), Modality (Stand-Alone, Handheld), End User (Hospitals, Diagnostic Centers or Clinics, Others) – Industry Trends and Forecast to 2029.
Tonometers Market Analysis and Size
Tonometry is a diagnostic test that measures intraocular pressure (IOP). The IOP is caused by the force exerted by the liquids inside the eyeball, particularly the aqueous fluid and other internal structures. If more aqueous humour is produced, than is removed either due to excess production or removal difficulties, the IOP rises, increasing the risk of damage. The Goldmann Applanation Tonometry technique is the most commonly used measurement technique, which involves measuring the resistance shown by the cornea when it is flattened. This technique allows us to obtain intraocular pressure values, which typically range between 10 and 21mm Hg.
Data Bridge Market Research analyses that the tonometers market which was USD 319.3 million in 2021, is expected to reach USD 524.21 million by 2029, at a CAGR of 4.61% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Tonometers 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 (Applanation Tonometers, Pascal Dynamic Contour Tonometers, Rebound Tonometers, Indentation Tonometers), Technology (Probe Based, Electronic, Pneumatic Tonometer), Modality (Stand-Alone, Handheld), End User (Hospitals, Diagnostic Centers or Clinics, Others)
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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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TOPCON (Japan), OCULUS, Inc. (U.S.), Icare Finland Oy (U.S.), Rexxam Co., Ltd. (Japan); HAAG-STREIT GROUP (Switzerland); Accutome Inc (U.S.); Canon Medical Systems Europe B.V. (Netherlands); Huvitz Corp. (South Korea); Kowa American Corporation (U.S.); TomeyUSA (U.S.); 66 Vision Tech Co., Ltd. (China), Revenio Group Oyj (Finland)
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Market Opportunities
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Market Definition
A tonometer is a device used to measure intraocular pressure or the pressure of the fluid within the eye. Tonometry is a diagnostic test that is most commonly used to detect glaucoma. Glaucoma is an eye disease that causes damage to the optic nerve. The buildup of extra fluid pressure inside the eye damages the optic nerve, and if left untreated, it can cause peripheral vision loss and eventually lead to permanent vision loss. Tonometers can measure intraocular pressure by measuring the resistance of the cornea to indentation.
Global Tonometers Market Dynamics
Drivers
- Increasing prevalence of ophthalmic disorders
The rising prevalence of glaucoma, diabetes, myopia, and hypertension is expected to contribute to market growth. According to the studies, diabetes increases the risk of glaucoma by 36.0%. A study published in the American Academy of Ophthalmology predicted that the global prevalence of glaucoma in adults aged 40 to 80 years would be 76.0 million in 2020 and 111.8 million in 2050. In recent years, increased elderly populations, lower mortality rates, and longer life expectancy have all contributed to an increase in tonometers demand.
- Increase in the number of eye screening programmes
During the forecast period, the increasing number of glaucoma screening programmes organised by the private, semi-public, and public healthcare sectors is expected to drive market growth. The glaucoma has no visible symptoms regular eye exams are the only way to detect it early. The growing number of eye check-up clinics raises awareness about glaucoma and its impact on vision, driving demand for tonometers.
- Government programmes
An increase in the number of eye screening programmes is also expected to drive market growth. For instance, Vision 2020: The Right to Sight – India, organised a national conference on community ophthalmology to provide a platform for eye care practises and successful management as well as free eye check-up camps.
Opportunities
- Increased patient awareness about early diagnosis
In the near future, the market is expected to be driven by increased patient awareness about early diagnosis and regular monitoring of intraocular pressure (IOP) to prevent avoidable vision loss. Tonometers are expected to be more widely used in hospitals and clinics if favourable reimbursement policies are implemented. For instance, in the United States, United Healthcare, an insurance company, reimburses the cost of standard and advanced tonometers such as the Pascal dynamic contour tonometer under Category III CPT 0198T code.
Restraints/Challenges
On the other hand, unavailability of early detection technique along with high cost of devices and inaccuracy of non-contact tonometers will obstruct the market's growth rate.
This tonometers 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 tonometers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent developments
- In April 2019, Revenio, the parent company of Icare Finland, paid USD 65.0 million to acquired CenterVue, a leader in ophthalmic diagnostic device manufacturing. This acquisition is expected to expand Revenio's product portfolio in ophthalmic care.
Global Tonometers Market Scope
The tonometers market is segmented on the basis of product type, technology, modality 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.
Product Type
- Applanation Tonometers
- Pascal Dynamic Contour Tonometers
- Rebound Tonometers
- Indentation Tonometers
Technology
- Probe Based
- Electronic
- Pneumatic Tonometer
Modality
- Stand-Alone
- Handheld
End User
- Hospitals
- Diagnostic Centers
- Clinics
- Others
Tonometers Market Regional Analysis/Insights
The tonometers market is analysed and market size insights and trends are provided by country, product type, technology, modality and end user as referenced above.
The countries covered in the tonometers 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 tonometers market due to the surging levels of investment for the development of the healthcare industry along with growth of new technologies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the increasing number of population suffering from diabetes.
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 tonometers 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 tonometers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the tonometers market. The data is available for historic period 2010-2020.
Competitive Landscape and Tonometers Market Share Analysis
The tonometers 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 tonometers market.
Some of the major players operating in the tonometers market are:
- TOPCON (Japan)
- OCULUS, Inc. (U.S.)
- Icare Finland Oy (U.S.)
- Rexxam Co., Ltd. (Japan)
- HAAG-STREIT GROUP (Switzerland)
- Accutome Inc (U.S.)
- Canon Medical Systems Europe B.V. (Netherlands)
- Huvitz Corp. (South Korea)
- Kowa American Corporation (U.S.)
- TomeyUSA (U.S.)
- 66 Vision Tech Co., Ltd. (China)
- Revenio Group Oyj (Finland)
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