Global tonometer sales were valued at USD 319.3 millions in 2018, and are expected to grow by 5.3% during the forecast period. Market growth is expected to be influenced by the increasing prevalence of diabetes, glaucoma, hypertension, and myopia. Research has shown that diabetes can increase the risk of developing glaucoma by 36.0%. According to an American Academy of Ophthalmology article, the global prevalence of Glaucoma among patients 40-80 years old is estimated to be 76.0 Million in 2020 and 111.8 Million by 2040.
In the next few years, the demand for tonometers will increase due to a rapidly growing geriatric population, rising life expectancy and decreasing mortality rates. Glaucoma is more common in people over 60. The risk goes up each year after 40. The Federal Statistics Office report from Germany states that 22.0% of Germany's total population were 60 years old or older in 2014. This number is expected to rise to 27.0% in 2030, according to the Federal Statistics Office report.
The market will be driven by increasing awareness among patients regarding early diagnosis and regular monitoring IOP to prevent vision loss. Hospitals and clinics will likely adopt tonometers if they have favorable reimbursement policies. United Healthcare in the USA, for example, provides insurance services and reimburses the cost standard and advanced tonometers, such as the Pascal dynamic contour tonometer, under CPT 0198T Code Category III.
The market is expected to grow due to the increasing number of glaucoma screenings programs that are offered by the public, private and semi-public healthcare sectors. Glaucoma is not easily diagnosed. Regular eye checks are the best way to detect it early. Tonometers are in high demand due to the increased awareness of glaucoma. Market growth is expected to be boosted by an increase in eye screening programs. Vision 2020: The Right to Sight India, for instance, organized a conference on national ophthalmology to promote eye care practices, its success management, and free eye checkups.
The market can be divided into four types: application, rebound and indentation. The applanation market can be further divided into Perkins and Goldmann applanation tonometry and non-contact tonemeter. Pneumotonometers and tono-pens are examples of indentation tonometers.
The largest market share was held by the lanation tonometer in 2018, and it is expected to continue growing at a rapid pace over the forecast period. Segment growth is due to the introduction of more technologically advanced tonometers that provide better diagnostic accuracy and comfort features for patients. Ocular response analyzer (G3) by Reichert, for example, measures IOP without the need to contact the cornea. This eliminates the need for sterilization and anesthesia. Segment growth will be impeded by the risks of traditional Goldmann or Perkins tonometers in the future, such as corneal abrasion and cross-contamination.
The forecast period will see significant growth in rebound tonometer. This segment is growing due to a rising preference for portable, simple-to-use, sensitive and portable devices. The handheld rebound tonometer does not require any pre-training or professional skills. It is therefore a popular choice for screening and in-home care. Icare Finland is a market leader in this sector. The majority of its rebound meters are approved by regulatory agencies such as the U.S. FDA or the EU.
The market for tonometers can be divided into two categories based on their portability: desktop and handheld. The market share for handheld tonometers was the largest in 2018, and it is expected to continue growing at a steady pace over the forecast period. This segment is notable due to its ergonomic design and low prices.
Ocular Response Analyzers (ORA) and Dynamic Contour Tonometers (DCT), both desktop tonometers, measure IOP independently of corneal biochemical characteristics. The segment is expected to grow due to increasing ocular surgeries like keratoplasty and glaucoma. These conditions can be treated with IOP measurement and a detailed study on corneal biomechanical properties to lower future medical costs.
The forecast period will see a substantial increase in handheld tonometer sales. Handheld devices are available for purchase from Perkins tonometer, Tono-pen and rebound tonometer. This market is expected to grow due to its portability, ease of use, and comfort for patients. Icare HOME by Icare Finland, for example, is a handheld rebound tonometer which measures IOP accurately with one push of a button. It can also be used at home by patients after they have been trained in its use.
The market can be divided by end-user into hospitals, ophthalmic centres, and other. Ophthalmic centers accounted for the largest share of the market in 2018, and it is expected to continue growing at a rapid pace over the forecast period. This segment has seen significant growth due to its large patient base, increased government and private funding, as well as the availability of skilled professionals.
Over the forecast period, the market for ophthalmic centres is expected to expand at a steady pace. The market's growth is expected to be driven by cost-effectiveness and accessibility. Glaucoma management involves regular follow-ups and check-ups. Because of its increasing prevalence, it can only be managed with the cooperation of all end-users like hospitals and ophthalmic clinics. The market will grow significantly over the forecast period, as glaucoma costs are being reimbursed in many countries, including the U.S. and Germany.
In 2018, North America accounted for the largest percentage of the global market. Growth of the market is expected to be driven by the presence of major players and streamlined reimbursement policies. The American Academy of Ophthalmology, (AAO) estimates that glaucoma is affecting more than 2.7 million people in the United States.
In 2018, Europe was second in the market. The market's growth is expected to be driven by the increasing prevalence of glaucoma risk factor factors like diabetes, myopia, hypertension, and other eye diseases. The WHO estimates that there are more than 60 million Europeans living with diabetes. This is due to increasing behavioral risk factors like smoking, alcohol use, unhealthy eating habits and sedentary living.
Asia Pacific is expected to experience the highest CAGR during the forecast period. This growth is expected to be aided by rapid urbanization and increased awareness about glaucoma, particularly in developing countries like India and China. The Asia Pacific market is expected to grow over the forecast period due to large unmet healthcare needs, improved healthcare infrastructure, increased life expectancy, and other factors.
Keeler Ltd., Topcon Corporation, and Icare Finland Oy are the top players in this market. ; Amtek, Inc., Reichert, Inc.; OCULUS, Kowa American Corporation, and NIDEK CO., LTD. This market is fragmented due to the presence of many players at local and regional levels. Most companies use mergers and acquisitions as their main strategy.
Market participants are seen to be interested in expanding their product portfolios in the ophthalmic diagnosis devices category. This would increase the number acquisitions over the forecast period. Revenio, which is the parent company of Icare Finland, purchased CenterVue in April 2019 for USD 65.0 millions. This was a leader in the manufacturing of ophthalmic diagnostic devices. Revenio's product portfolio in ophthalmic medicine will be strengthened by this acquisition.
This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2015 to 2026. Grand View Research has divided the global tonometer market report by type, portability and end-use.
Type Outlook (Revenue USD Million, 2015-2026)
Applanation Tonometer
Applanation tonometry by Perkins and Goldmann
Non-contact tonometer
Ocular Response Analyzer
Tonometer Rebound
Tonometer for indentation
Pascal Dynamic Contour Tonometer
Portability Outlook (Revenue USD Million, 2015-2026)
Desktop
Handheld
End-use Outlook (Revenue USD Million, 2015-2026)
Hospitals
Ophthalmic centres
Other
Regional Outlook (Volume and Units; Revenue, USD million, 2015-2026)
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
Russia
Netherlands
Switzerland
Turkey
Poland
Asia Pacific
China
Japan
India
Thailand
South Korea
Indonesia
Taiwan
Hong Kong
Philippines
Malaysia
Latin America
Brazil
Mexico
Argentina
Chile
Middle East & Africa
South Africa
Saudi Arabia
UAE
Iran
Up Market Research published a new report titled “Tonometer Market research report which is segmented by End Use (Hospitals, Ophthalmic Centers), by Portability (Desktop, Handheld), by Type (Dynamic Contour, Indentation, Rebound, Applanation), By Players/Companies Inc; OCULUS; Kowa American Corporation; and NIDEK CO, Inc and Reichert, LTD The market is highly fragmented with the presence of numerous players at regional and local levels Mergers and acquisitions are the major strategies adopted by most of the companies, Keeler Ltd; Topcon Corporation; Icare Finland Oy; Amtek”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Tonometer Market Research Report |
By End Use | Hospitals, Ophthalmic Centers |
By Portability | Desktop, Handheld |
By Type | Dynamic Contour, Indentation, Rebound, Applanation |
By Companies | Inc; OCULUS; Kowa American Corporation; and NIDEK CO, Inc and Reichert, LTD The market is highly fragmented with the presence of numerous players at regional and local levels Mergers and acquisitions are the major strategies adopted by most of the companies, Keeler Ltd; Topcon Corporation; Icare Finland Oy; Amtek |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 228 |
Number of Tables & Figures | 160 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End Use (Hospitals, Ophthalmic Centers), by Portability (Desktop, Handheld), by Type (Dynamic Contour, Indentation, Rebound, Applanation).
Tonometer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Tonometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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