Corneal Pachymetry Market to grow by USD 518.89 million from 2022 to 2027, North America to account for 38% of market growth- Technavio

NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The corneal pachymetry market is expected to grow by USD 518.89 million from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 3.59% during the forecast period, according to Technavio Research. The market is segmented by end-user (specialty clinics, hospitals, and others), product (non-handheld and handheld), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America is estimated to contribute 38% to the growth of the global market during the forecast period. The US has been the largest contributor to the North American market due to factors such as increasing healthcare expenditure on eye diseases, e.g., glaucoma and Refractive Injury; and technological developments in diagnostic techniques that do not involve any invasive procedures. Furthermore, increasing intraocular pressure and refractive errors are driving the US market in terms of revenue, due to the growing elderly population, the presence of a well-equipped and stable healthcare system, the availability of qualified healthcare professionals, and the increased morbidity. Canada is the second largest contributor to the North US Corneal measurement market, due to the increased incidence of intraocular pressure and refractive error, as well as the increasing demand for non-invasive eye diagnostic devices. Hence, these factors are expected to drive market growth during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read FREE PDF Sample Report

Company Profile:

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

Canon Inc.: The company offers corneal pachymetry such as tx 20p.

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Corneal Pachymetry Market: Segmentation Analysis

The market share growth by specialty clinics will be significant during the forecast period.  Specialized clinics are indispensable as the end consumer in a market because of their specialized service provision and diagnosis of corneal disorders. Developments in technologies and the availability of portable, easy-to-use Corneal Thickness Monitoring Equipment have also led to an increase in the use of corneal pachymetry at specialist clinics.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Corneal Pachymetry Market: Market Dynamics

Key Driver

• Increasing prevalence of refractive errors and glaucoma
• Initiatives to increase awareness about eye diseases
• Rising demand for non-invasive corneal tests

The increasing prevalence of refractive errors and glaucoma is a key factor driving market growth. The early detection of refractive errors such as nearsightedness, farsightedness, presbyopia, and astigmatism, as well as diseases such as glaucoma, is increasing significantly worldwide. In addition, age-related macular degeneration (AMD) is one of the main causes of vision loss. Uncorrected refractive error is also an important cause of visual impairment. Faced with the increasing prevalence of visual impairment, many awareness-raising initiatives have been launched. For example, Vision 2020, the Right to See, is an initiative of the International Agency for the Prevention of Blindness. Such initiatives raise people's awareness of various visual impairments, such as nearsightedness, astigmatism, presbyopia, and keratoconus, and help them take the necessary measures. Hence, these factors are expected to drive market growth during the forecast period.

Focus by companies on strengthening their presence in emerging markets is the major trend in the market. Identify key trends, drivers, and challenges in the market. Download a FREE sample to gain access to this information.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-User

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio