Ophthalmic Tonometers Market
Number of pages: 100 | Report Format: PDF | Published date: April 06, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 400.8 million |
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Revenue Forecast in 2031 |
US$ 658.49 million |
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CAGR |
5.67% |
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Base Year For Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Technology, Portability, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global ophthalmic tonometers market was valued at US$ 400.8 million in 2022 and is expected to register a revenue CAGR of 5.67% to reach US$ 658.49 million by 2031.
Ophthalmic Tonometers Market Fundamentals
Ophthalmic tonometers are instruments used by ophthalmologists to assess intraocular pressure. Monitoring intraocular pressure (IOP) is an important element of eye examination since increased IOP can indicate various eye disorders, including glaucoma, a leading cause of permanent vision loss.
In glaucoma patients, tonometry is one of the most important diagnostic procedures. It measures intraocular pressure, a major risk factor for optic nerve damage and vision loss in glaucoma patients. Regular tonometry tests are crucial for monitoring and managing the disease. Technologically advanced devices offer more accurate and efficient measurements, making the process less invasive and time-consuming for patients. Additionally, some of these devices can provide additional information about the eye, such as corneal thickness, which can help determine the appropriate treatment plan.
Market players in the ophthalmic tonometers market employ various marketing strategies such as product differentiation and distribution channel management to improve their accessibility to gain a competitive advantage and increase their market share. Effective distribution channel management might be crucial for ophthalmic tonometer market participants. This may entail forming strategic alliances with distributors, eye care clinics, hospitals, and other healthcare institutions to guarantee their tonometry solutions are widely available and accessible. To access a larger client base, market participants are increasingly using e-commerce platforms and online marketplaces.
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Ophthalmic Tonometers Market Dynamics
The rising prevalence of eye diseases, particularly glaucoma, is one of the primary drivers in the global ophthalmic tonometers market. Glaucoma is a chronic eye disorder characterized by high intraocular pressure (IOP) that, if left untreated, can result in permanent visual loss. Glaucoma incidence is predicted to rise as the world population ages, fueling demand for ocular tonometers for early identification and therapy of the condition. According to the July 2021 estimates by the BrightFocus Foundation, blindness or poor vision affects around 3.3 million Americans aged 40 and over. Glaucoma affects 80 million individuals globally, which is anticipated to rise to more than 111 million by 2040.
Moreover, technological improvements have led to the development of more accurate and efficient ophthalmic tonometers, which are expected to drive market revenue growth during the forecast period. In comparison to classic applanation tonometers, modern tonometers that employ non-contact techniques, such as air-puff tonometers and rebound tonometers, are gaining popularity due to their simplicity of use, faster measurements, and lower risk of corneal injury. Furthermore, the integration of tonometer probes with slit lamp biomicroscopes for simultaneous inspection and measurement of IOP is fueling the market revenue expansion.
Additionally, rising awareness by top players for the requirement of frequent eye examinations for early diagnosis of eye diseases, along with improved healthcare infrastructure in emerging economies, is likely to stimulate demand for ophthalmic tonometers in developing countries. BiCOM Inc., the manufacturer of the Diaton tonometer, instructed its distributors in over 60 countries to hold awareness and screening activities, and it continues to participate in glaucoma and other screening events throughout the year in collaboration with a number of ophthalmologists and optometrists.
On the other hand, considerations such as the expensive cost of modern tonometers, a shortage of qualified experts for correct handling and interpretation of tonometry findings, and the possible hazards of corneal injury or infection may limit the market revenue expansion to some extent.
Ophthalmic Tonometers Market Ecosystem
The global ophthalmic tonometers market is analyzed from four perspectives: technology, portability, end user, and region.
Ophthalmic Tonometers Market by Technology
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Based on technology, the global ophthalmic tonometers market is segmented into indentation tonometry, rebound tonometry, applanation tonometry, and other technologies.
The applanation tonometry segment has dominated the global ophthalmic tonometers market. Applanation tonometry technology in ophthalmic tonometers offers accuracy in measuring intraocular pressure, and its non-invasive nature makes it more comfortable and demanding for patients. Additionally, this technology is widely used in clinical settings and has been proven reliable for detecting glaucoma. Applanation tonometry can be done several times to identify any variations in IOP. This is especially helpful in tracking the evolution of glaucoma and other eye problems. Additionally, top market players are increasingly offering applanation tonometry. For instance, in November 2021, Takagi introduced the AT-2 applanation tonometer, which can be used with slit lights and offers a substantial sense of homogeneity. This applanation tonometer is designed to measure intraocular pressure quickly, safely, and accurately. The increased use of applanation surfaces is projected to benefit market development.
Ophthalmic Tonometers Market by Portability
Based on portability, the global ophthalmic tonometers market is segmented into desktop and handheld.
The handheld segment accounted majority of the global ophthalmic tonometers market revenue share in 2022. The handheld segment is expected to expand rapidly in the tonometer market. Handheld tonometers are in high demand due to the growing demand for lightweight, cost-effective, and user-friendly equipment. Additionally, handheld tonometers are portable and easy to use, making them ideal for use in remote or rural areas where access to eye care facilities is limited. Additionally, they are less invasive than traditional tonometry methods, making them more comfortable for patients.
Desktop-based ophthalmic tonometers offer more accurate and consistent measurements, making them a preferred choice for optometrists and ophthalmologists. Additionally, desktop tonometers have a larger display screen and are easier to operate, allowing faster and more efficient patient examinations. Moreover, desktop tonometers are equipped with advanced features such as automatic air puff control and data storage capabilities, enabling practitioners to monitor changes in intraocular pressure over time and make informed treatment decisions. These features also enhance the overall patient experience by reducing discomfort and minimizing the need for repeat measurements.
Ophthalmic Tonometers Market by End User
Based on end users, the global ophthalmic tonometers market is segmented into hospitals and ophthalmic centers.
In 2022, the hospital's segment will lead the worldwide ophthalmic tonometers market. This is due to increased financial support for front-line, advanced healthcare. Hospitals are the most popular site for ophthalmic therapies since they contain all the medications and technologically advanced technology required to give full care to patients. The segment is increasing as healthcare expenditures become more abundantly available in many developed nations. Hospitals also have a team of doctors, surgeons, and other professionals on staff to facilitate diagnosis. Having enough money also permits hospitals to get cutting-edge, freshly created diagnosis choices and economically priced diagnostic equipment. As a result, patients may rely on hospitals for care regardless of their capacity to pay.
Ophthalmic Tonometers Market by Region
Based on the region, the global ophthalmic tonometers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the highest revenue share in 2022 and expected significant revenue growth due to the rising prevalence of glaucoma and the increasing adoption of advanced diagnostic tools. The increasing geriatric population and growing awareness about eye health are also expected to drive North America's demand for ophthalmic tonometers.
The European ophthalmic tonometers market is characterized by the presence of established players and a growing demand for advanced tonometers with improved accuracy and ease of use. Additionally, the increasing prevalence of eye diseases such as glaucoma and the aging population are expected to drive market revenue growth during the forecast period. The market revenue is also rising in Europe towards the adoption of non-contact tonometers, which offer greater patient comfort and reduce the risk of infection transmission.
The ophthalmic tonometers market in Asia Pacific is expected to grow significantly due to the increasing prevalence of eye diseases and disorders, the rising geriatric population, and growing awareness about eye health. The increasing healthcare standards are also raising revenue growth in Asia Pacific. Countries like India and China are expected to be the major contributors to the Asia Pacific market revenue growth due to their large populations and increasing healthcare expenditure. Furthermore, the presence of key market players in the region and increasing medical tourism is also expected to boost the market revenue growth.
Competitive Landscape of the Global Ophthalmic Tonometers Market
Many companies are driving the ophthalmic tonometers market by engaging in strategic activities, including investments, new product launches, mergers and acquisitions, and alliances. Major market players are constantly involved in increasing the market for their products globally and forming strategic alliances with other players to diversify their product offerings.
Some of the prominent companies operating in the global ophthalmic tonometers market having the largest revenue share are:
Strategic Developments in Ophthalmic Tonometers Market
The ophthalmic tonometers market revenue is expected to grow significantly due to the rising prevalence of eye diseases and the increasing geriatric population. Additionally, technological advancements in tonometry devices and the growing demand for non-invasive procedures are also expected to drive market revenue growth.
The global ophthalmic tonometers market was valued at US$ 400.8 million in 2022.
Some major strategies key players in the ophthalmic tonometers market adopt include product launches, collaborations, partnerships, and mergers & acquisitions. These strategies aim to expand their product portfolio, increase their market revenue share, and strengthen their position in the global market.
The applanation tonometry segment has dominated the global ophthalmic tonometers market.
Based on the region, the global ophthalmic tonometers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the highest revenue share in 2022.
*Insights on financial performance are subject to the availability of information in the public domain