Corneal Pachymetry Market by End-user, Product and Geography- Forecast and Analysis 2023-2027

Corneal Pachymetry Market Analysis Report 2023-2027:

The global corneal pachymetry market size is estimated to grow by USD 518.89 million at a CAGR of 3.59% between 2022 and 2027. 

Early detection of refractive errors such as myopia, hyperopia, presbyopia, and astigmatism, as well as diseases such as glaucoma, is significantly increasing worldwide. Furthermore, age-related macular degeneration (AMD) is one of the leading causes of vision loss. Uncorrected refractive error is also a significant cause of visual impairment. With the rate of visual impairment increasing, many initiatives have been launched to raise awareness. For example, Vision 2020, The Right to Sight is an initiative of the International Agency for the Prevention of Blindness. It aims to strengthen and accelerate the prevention of blindness by 2020. Such initiatives educate people about various vision impairments, such as myopia, astigmatism, presbyopia, and keratoconus, and help them to take the necessary steps to prevent and control these corneal problems. Hence, these factors will fuel the growth of the global corneal pachymetry market during the forecast period.

Technavio has segmented the market into end-user, product, and geography

• The end-user segment includes specialty clinics, hospitals, and others
• The product segment includes non-handheld and handheld
• The geography segment includes key regions such as North America, Europe, Asia, and Rest of World (ROW)

It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

What will be the Size of the Corneal Pachymetry Market During the Forecast Period?

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Corneal Pachymetry Market Segmentation by End-User, Product, and Geography Analysis

End-User Segment Analysis

Specialty Clinics

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 1,021.94 million in 2017. 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.

Product Segment Analysis

Non-handheld

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.

Handheld

A handheld corneal pachymeter is a lightweight, pocket-sized, handheld, easy-to-use device. Many market players offer portable corneal pachymeters. For example, DGH Technology Inc. offers the leading portable battery-powered device PACHMATE 2, used to measure CCT in patients with glaucoma. The device operates on Bluetooth wireless technology and can wirelessly transmit pachymetry measurements from up to 20 patients to a Bluetooth computer or printer. Furthermore, manufacturers, such as Accutome, are developing devices such as the PachPen portable pachymeter, which is equipped with digital signal analysis that eliminates non-perpendicular corneal measurements and minimizes errors measure CCT. Thus, such factors will drive the growth of the market.

Regional Analysis

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North America is estimated to contribute 38% 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 the 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 increasing 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.

COVID Recovery Analysis

In 2020, North American countries have been severely hit by the COVID-19 pandemic. To control the spread of the pandemic, regulatory bodies in the region imposed a lockdown. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the demand for ocular pachymetry operations. Ongoing technical developments, increasing incidence of eye diseases, growing medical costs, and public awareness of the need for early diagnosis and treatment are the key factors that will drive the growth of the market in this region during the forecast period. 

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Key Corneal Pachymetry Market Players 

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.

• AMETEK Inc.
• Carl Zeiss AG
• CSO S.r.
• 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

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.

Corneal Pachymetry Market: Key Drivers, Trends, Challenges, and Customer Landscape

There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Corneal Pachymetry Market Drivers

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. 

Significant Corneal Pachymetry Market Trends

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. 

Major Corneal Pachymetry Market Challenges

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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Key Corneal Pachymetry Market Customer Landscape

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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Corneal Pachymetry Market Customer Landscape

Segment Overview

The corneal pachymetry market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• End-user Outlook (USD Million, 2017 - 2027)
  • Specialty clinics
  • Hospitals
  • Others

• Product Outlook (USD Million, 2017 - 2027)
  • Non-handheld
  • Handheld

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World (ROW)
    • Brazil 
    • Australia
    • Argentina

Corneal Pachymetry Market Scope
Report Coverage	Details
Page number	157
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.59%
Market growth 2023-2027	USD 518.89 million
Market structure	Fragmented
YoY growth 2022-2023(%)	3.41
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 38%
Key countries	US, Germany, France, Japan, and China
Competitive landscape	Leading Vendors, Market Positioning of Vendors, 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, 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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What are the Key Data Covered in this Corneal Pachymetry Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the corneal pachymetry market between 2023 and 2027
• Precise estimation of the corneal pachymetry market size and its contribution of the market in focus to the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies' position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and the Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of corneal pachymetry market companies

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