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The global corneal pachymetry market size is estimated to grow by USD 549.2 million, at a CAGR of 3.67% between 2023 and 2028. The growth of the market is influenced by several key factors. One major driver is the increasing prevalence of refractive errors and glaucoma, which highlights the growing need for effective diagnostic and treatment solutions. As these eye conditions become more common, there is a heightened demand for advanced eye care technologies and services. Additionally, various initiatives aimed at raising awareness about eye diseases are contributing to market growth. Educational campaigns and public health programs are improving knowledge and encouraging early detection, which boosts demand for eye care products and services. Furthermore, there is a rising demand for non-invasive corneal tests. These tests, which offer accurate diagnostics without the need for invasive procedures, are increasingly preferred by patients and healthcare providers. Together, the growing prevalence of eye conditions, awareness initiatives, and the demand for non-invasive testing are driving significant expansion in the eye care market. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2018 to 2022, besides analyzing the current market scenario.
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The market share growth by specialty clinics will be significant during the forecast period. As the end consumer in the market, specialty clinics are essential as they provide specialized eye care services and diagnose various corneal disorders. The need for devices to measure corneal thickness in these clinics has been driven by increasing rates of eye problems, such as glaucoma and corneal disease, as well as increasing awareness of early detection and treatment.
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The specialty clinics were valued at USD 1.06 billion in 2018. The use of corneal pachymetry tools in specialist clinics has also been accelerated by the development of technology and the availability of portable, user-friendly corneal thickness gauges. Therefore, it is predicted that the specialist clinic market will continue to play a key role in the growth of the global corneal pachymetry market during the forecast period.
Non-handheld corneal pachymeters are portable desktop devices encased in a durable rubber holster with a built-in tilt stand. Nowadays, manufacturers are introducing integrated patient data management systems in non-handheld pachymeter devices. A few non-handheld corneal pachymeters with integrated patient systems that are available in the market include CT-1/1P Non-Contact Tonometer and Pachymeter from SCHWIND SIRIUS-2-in-1 topography and pachymetry from SCHWIND eye-tech-solutions GmbH (SCHWIND eye-tech-solutions), and Non-Contact Tono/Pachymeter TONOPACHY NT-530P from Nidek. Overall, the demand for non-handheld corneal pachymetry is expected to increase and hence, drive the growth of the market in focus during the forecast period.
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North America is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period. Due to factors such as growing healthcare expenditure on ocular diseases, such as glaucoma and refractive errors, and the adoption of technologically advanced non-invasive diagnostic devices, the US is the major contributor in the North American market.
Furthermore, the growing geriatric population, the presence of an established and well-equipped healthcare infrastructure, the availability of skilled healthcare professionals, and the prevalence of glaucoma and refractive error are driving the market in the US in terms of revenue, Canada is the second largest contributor to the North American corneal pachymetry market, due to the increasing incidence of glaucoma and refractive errors and the growing demand for non-invasive ocular diagnostic devices. Thus, such factors will drive the growth of the market in this region during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Canon Inc.: The company offers corneal pachymetry such as tx 20p.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is significantly influenced by advancements in technology and the integration of Artificial Intelligence. This market focuses on measuring corneal thickness, crucial for diagnosing conditions like Diabetic Retinopathy, cataracts, and dry eye disease. Optical pachymetry is a key modality used to assess eye-related disorders, and innovations in this field are supported by strategic activities and technological developments. Community Ophthalmology initiatives, driven by organizations such as the IDF and Food and Drug Administration, aim to address the dearth of skilled professionals and lack of healthcare infrastructure. These factors contribute to the installed base of Corneal Pachymetry devices in Ambulatory Surgical Centers and other healthcare settings. Despite its advancements, the market faces challenges like inadequate reimbursement coverage. The impact of technology on improving diagnostic accuracy and enhancing patient outcomes continues to be a focus of ongoing strategic activities in the field.
The rising demand for non-invasive corneal tests is the key driver for the growth of the market. End users such as eye clinics, hospitals, and diagnostic centers in both developed and developing countries often prefer non-invasive corneal tests as it allows for rapid and accurate diagnosis of glaucoma. and early-stage refractive error with minimal corneal incision. Some non-invasive cornea diagnostic tests are OCT, tonometry, corneal topography, and corneal pachymetry.
Moreover, corneal measurement gives accurate results with benefits such as less pain, less scarring, and less risk of infection. Because of the advantages many manufacturers have developed portable, pocket-sized corneal pachymeter devices with enhanced features, including Bluetooth connectivity and signal analysis. Hence, the growing interest and demand for non-invasive corneal testing will drive the growth of the global corneal pachymetry market during the forecast period.
Focus by companies on strengthening their presence in emerging markets is the primary trend in the market. The middle-class population is growing significantly in emerging markets, such as China, India, and Brazil while providing a large and new customer base that increases access to corneal pachymeter devices and diagnostic services as well as the resources needed to pay for them. In addition, rising healthcare costs, increasing disposable income, and improving healthcare infrastructure in these emerging economies are other factors contributing to the growing demand for corneal pachymetry.
Moreover, suppliers focus on adopting strategies such as acquisitions, establishing new R&D centers and manufacturing units, and launching new products. In addition, an increasing number of eye care professionals and specialized eye hospitals, improved access to advanced technologies, and better patient awareness will drive the adoption of corneal pachymeters in emerging economies and thus drive the growth of the global corneal pachymeters market during the forecast period.
Limitations of corneal pachymetry affect the market growth. Several problems are associated with the use of corneal pachymetry, including misalignment of the ultrasound probe perpendicular to the corneal surface and inadequate displacement of the tear film after transducer compression. Other limitations include corneal indentation, corneal abrasion, transmission of infection, ocular discomfort, and corneal epithelial injury from the direct placement of the ultrasound probe on the corneal surface.
Moreover, before examining the corneal thickness, a topical anesthetic is injected, which causes the cornea to swell and negatively affects the CCT measurement. In addition, the physical pressure exerted on the cornea during ultrasound pachymetry also affects the CCT measurements. Besides, corneal pachymetry is not suitable for patients with edematous corneas. Thus, limitations regarding the use of corneal pachymetry may impede the growth of the global corneal pachymetry market during the forecast period.
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The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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Overcoming challenges and leveraging technological advancements in Healthcare Corneal Pachymetry market is witnessing significant growth due to the increasing prevalence of eye-related disorders such as Glaucoma, Diabetic Retinopathy, Cataracts, Dry Eye Disease, and Refractive Error. The IDF reports that over 285 million people worldwide have diabetes, a major risk factor for diabetic retinopathy. In community ophthalmology, corneal pachymetry plays a crucial role in diagnosing and monitoring these conditions. Strategic activities and technological developments are key drivers in the market. Optical Pachymetry, a non-invasive modality, is gaining popularity due to its ease of use and accuracy. Artificial Intelligence (AI) integration in pachymeters is another trend, enhancing diagnostic capabilities and improving patient care. However, challenges such as inadequate reimbursement coverage and healthcare expenditure limit market growth. The installed base of pachymeters is increasing, with companies like IO Perfect leading the way with innovative solutions. The impact of technology on life line curves and the potential for early diagnosis and intervention are significant opportunities for market expansion. IO Perfect is revolutionizing diabetes management with advanced glaucoma diagnostics segment tools. As lifeline curves become more sophisticated, the integration of these innovations enhances early detection and treatment. Changes in healthcare regulatory scenarios are also impacting the market, driving the need for compliance and adaptation. The ongoing evolution in diagnostics and regulatory environments underscores the importance of staying updated with cutting-edge solutions for effective disease management.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.67% |
Market growth 2024-2028 |
USD 549.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.49 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 50% |
Key countries |
US, Germany, Japan, China, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMETEK Inc., Canon Inc., Carl Zeiss AG, CSO S.r.l, DGH Technology Inc., Escalon Medical Corp., EssilorLuxottica, Halma Plc, Konan Medical Inc., MEDA Co. Ltd., MicroMedical Devices Inc., NIDEK Co. Ltd., OCULUS Optikgerate GmbH, Optikon 2000 SpA, SCHWIND eye-tech-solutions GmbH, Sonogage Inc., Tomey Corp., and Ziemer Ophthalmic Systems AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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