Tonometer Market Size Worth $483.6 Million by 2026 | CAGR 5.3%: Grand View Research, Inc.

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Dec 12, 2019, 05:05 ET

SAN FRANCISCO, Dec. 12, 2019 /PRNewswire/ -- The global tonometer market size is anticipated to reach USD 483.6 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 5.3% over the forecast period. Rapidly increasing geriatric population and improving life expectancy are some of the major factors expected to contribute toward market growth. People aged 60 and above have an increased risk of developing glaucoma. As these devices play a significant role in the diagnosis and management of glaucoma, the market is anticipated to witness significant growth over the forecast period.

Key suggestions from the report:

Based on type, the applanation segment held the largest share in the global market as it has been the conventional method of measuring IOP for more than 50 years. However, due to its inaccuracy in measuring IOP in patients with unusual cornea, such as thick or thin cornea, its adoption rate has reduced in recent years
The rebound and dynamic contour segments are expected to grow at a significant rate over the forecast period. Rebound tonometer is quick, easy to use, and portable, whereas dynamic contour tonometer is considered to be more accurate than conventional methods, thereby driving the growth of these segments over the forecast period
Based on end use, the ophthalmic clinics segment held the largest share in 2018 and is expected to grow at a steady rate over the forecast period. Large patient pool, availability of technologically advanced products, and skilled professionals are key factors expected to drive the growth of the segment
North America held the largest share in the global tonometer market in 2018. Asia Pacific is projected to grow at a significant rate over the forecast period due to factors such as rising incidences of glaucoma. Organizations such as the Asia-Pacific Glaucoma Society (APGS) focus on promoting diagnosis and care of patients with glaucoma through initiatives such as conducting and funding research programs to spread awareness about the causes, prevention, and treatment of glaucoma, further driving the market in the region.
Based on portability, handheld tonometer accounted for the largest share in 2018. Flexibility of usage provided by the product is driving the growth of this segment

Read 120 page research report with ToC on "Tonometer Market Size, Share And Trends Analysis Report By Type (Applanation, Rebound, Indentation, Dynamic Contour), By Portability (Desktop, Handheld), By End Use (Hospitals, Ophthalmic Centers), By Region, And Segment Forecasts, 2019 - 2026'' at: https://www.grandviewresearch.com/industry-analysis/tonometer-market

According to the Glaucoma Research Foundation, people with diabetes are twice as likely to develop glaucoma as compared to non-diabetics. Additionally, the International Diabetes Federation reported that around 463 million adults (aged 20-79 years) were living with diabetes in 2019, and the number is expected to reach 700 million by 2045. Increasing prevalence of glaucoma risk factors, such as myopia, hypertension, and diabetes, is expected to drive the demand for advanced tonometers in the long run. These devices significantly reduce the risk of infection, are highly convenient and easy to use, and can be used at home as well once the patients have been trained.

A large number of government and non-government initiatives, such as eye screening programs, state and national eye check-up camps, and ophthalmic awareness drives, are expected to play a significant role in boosting awareness about advanced tonometers. More than 90.0% cases of glaucoma remain undiagnosed in developing countries such as India. Such initiatives help increase the reach and awareness of glaucoma and its early diagnosis.

Frequent introduction of advanced tonometers is an emerging trend in the market. For instance, Icare ic100 by Icare Finland measures IOP at greater accuracy, eliminating the need for general/topical anesthesia or any air puff pressure.

Grand View Research has segmented the global tonometer market based on type, portability, end use, and region:

Tonometer Type Outlook (Revenue, USD Million, 2015 - 2026)

Applanation tonometer

Goldmann and Perkins applanation tonometry
Non-contact tonometer
Ocular Response Analyzer

Rebound tonometer
Indentation tonometer
Pascal Dynamic Contour Tonometer

Tonometer Portability Outlook (Revenue, USD Million, 2015 - 2026)

Desktop
Handheld

Tonometer End-use Outlook (Revenue, USD Million, 2015 - 2026)

Hospitals
Ophthalmic centers
Others

Rhinoplasty Regional Outlook (Revenue, USD Million, 2015 - 2026)

North America

U.S.
Canada

Europe

U.K.
Germany
France
Italy
Spain
Russia
Netherlands
Switzerland
Turkey
Poland

Asia Pacific

China
India
Japan
Thailand
South Korea
Indonesia
Taiwan
Hong Kong
Philippines
Malaysia

Latin America

Brazil
Mexico
Argentina
Chile

Middle East and Africa (MEA)

South Africa
Saudi Arabia
UAE
Iran

Find more research reports on Medical Devices Industry, by Grand View Research:

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Pulse Oximeters Market – The global pulse oximeters market size was valued at USD 1.8 billion in 2018 and is projected to register a CAGR of 6.3% over the forecast period.
Bone Densitometers Market – The global bone densitometers market size was estimated at USD 893.7 million in 2016 and is expected to grow at a CAGR of 3.9% over the coming years.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.