Pachymeter Device Market Size, Share, Growth Report 2032

Pachymeter Device Market

Pachymeter Device Market By Product Type (Handheld Type and Non-Handheld Type), By Type (Ultrasound Method and Optical Method), By Application (Glaucoma Diagnosis and Refractive Surgery), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Medical Device Report Format : PDF Pages: 216 Report Code: ZMR-7179 Published Date: May-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 19.1 Billion USD 26.1 Billion 12.3% 2022

 

Industry Perspective:

The global pachymeter device market size was evaluated at $19.1 Billion in 2022 and is slated to hit $26.1 Billion by the end of 2030 with a CAGR of nearly 12.3% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace.

The pachymeter device industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the pachymeter device market report explores the investor and stakeholder space to help companies make data-driven decisions.

Pachymeter Device Market: Overview

A pachymetry is a painless inspection that is used for measuring the cornea thickness. It finds a slew of applications in routine clinical practice including complimentary examination of glaucoma, identification of potential refractive surgery, and diagnosis of particular ailments of the cornea. There are mainly two key types of pachymetry, namely, ultrasound, which makes use of sound waves for creating images, and optical pachymeters which makes use of microscopes. An eye doctor makes use of special hand-held equipment also referred to as a pachymeter device for performing pachymetry.

Key Insights

  • As per the analysis shared by our research analyst, the global pachymeter device market is projected to expand annually at the annual growth rate of around 12.3% over the forecast timespan (2023-2030)
  • In terms of revenue, the global pachymeter device market size was evaluated at nearly $19.1 billion in 2022 and is expected to reach $26.1 billion by 2030.
  • The global pachymeter device market is anticipated to record massive growth over the forecast period owing to a surge in cases of diabetic retinopathy and acceptance of pachymetry systems and easy availability of technologically advanced pachymetry systems at reasonable costs.
  • Based on product type, the handheld type segment is predicted to contribute a majorly towards the market growth over the forecast timeline.
  • In terms of application, the glaucoma diagnosis segment is projected to record the highest CAGR in the coming eight years.
  • Region-wise, the Asia-Pacific Pachymeter Device market is projected to register the highest CAGR during the assessment period.

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Pachymeter Device Market: Growth Factors

Surge in eye-related disorders to prompt the global market trends

Rise in the occurrence of glaucoma and eye-related ailments is expected to steer the growth of the global pachymeter device market. In addition to this, the surge in incidences of diabetic retinopathy will spur the expansion of the market across the globe. As per the WHO (World Health Organization) in 2019, the number of people having some or other kind of vision impairment amounted to nearly over 2 billion. Reportedly, nearly 1 billion patients across the globe had untreated vision impairments. Furthermore, technological breakthroughs including the creation of analysis software & image processing will prop up the expansion of the global market across the globe.

Furthermore, pachymetry systems provide exceptional displays and simplified functions that will embellish the expansion of the pachymetry systems device market globally. A prominent surge in the acceptance of pachymetry systems and easy availability of technologically advanced pachymetry systems at reasonable costs will drive the global market trends.

Pachymeter Device Market: Hindrances

Stringent legislation pertaining to product use to impede the global industry growth

Strict laws and inadequate compensation offered by public & private insurance firms for pachymeter procedures can inhibit the growth of the pachymeter device industry globally. Lack of availability of strong healthcare infrastructure facilities in emerging economies will put brakes on the expansion of the industry across the globe.

Pachymeter Device Market: Opportunities

Increase in charitable institutes to offer new growth opportunities to the global market

Easy availability of ophthalmic care services even in the emerging economies of Asia and Africa will generate new growth opportunities for the global pachymeter device market. Rise in the number of non-profit & charitable organizations and a surge in ambulatory care facilities will help the market explore new growth dimensions.

Pachymeter Device Market: Challenges

Oscillation in the raw component prices can put a big challenge to the growth of the global industry

Low availability of experts and fluctuating costs of raw materials used in the production of pachymeter devices can pose a big challenge to the expansion of the global pachymeter device industry. Changing government laws regulating the use of pachymeter devices can put brakes on the industry growth globally.

Pachymeter Device Market: Segmentation

The global pachymeter device market is sectored into product type, application, type, and region.   

In terms of product type, the global pachymeter device market is divided into the handheld type and non-handheld type segments. Furthermore, the handheld type segment, which accounted for more than half of the global market share in 2022, is predicted to retain its domination status even during 2023-2030. The segmental surge in the next eight years can be attributed to its 3-micron measuring accuracy, interpretation ease, system compatibility, and ability to take precise measurements from peripheral and central cornea regions. Apart from this, it also helps in creating a map of the cornea from nearly 17 measured points. In addition to this, handheld pachymeters allow physicians in measuring cornea echograms with every measurement. Moreover, the handheld pachymeter is user-friendly and can integrate with tablets and USB.

On the basis of the application, the global pachymeter device industry is sectored into glaucoma diagnosis and refractive surgery segments. The glaucoma diagnosis segment, which dominated the application landscape in 2022, is predicted to register the fastest CAGR over the forecast timespan. The growth of the segment in the coming years can be due to the growing need for early diagnosis & treatment of glaucoma to help the sight from getting deteriorated further. Moreover, pachymetry helps in assessing the intraocular pressure with high precision, thereby steering the segmental surge.

Based on the type, the global pachymeter device market is sectored into ultrasound method and optical method segments.

Recent Breakthroughs

  • In November 2022, NIDEK Co., Ltd., a key leader in the design, production, and distribution of ophthalmic, lens, and optometric edging devices, launched NT-1p non-contact pachymeter. The move will boost the expansion of the pachymeter device market across the globe.
  • In the last quarter of 2020, Occuity Ltd., a UK-based firm manufacturing optical healthcare monitoring & screening devices, decided to introduce the world’s first handheld optical non-contacting pachymeter in the last quarter of 2021 at MEDICA 2021. The new product referred to as the PM1 pachymeter can be helpful in measuring the thickness of the corneal with the help of a micrometer level of precision. The move is likely to expand the demand for pachymeter in the UK and across the European continent.

Pachymeter Device Market: Report Scope

Report Attributes Report Details
Report Name Pachymeter Device Market Research Report
Market Size in 2022 USD 19.1 Billion
Market Forecast in 2030 USD 26.1 Billion
Growth Rate CAGR of 12.3%
Number of Pages 216
Key Companies Covered Quantel Medical (France), Tomey Corporation (Japan), Reichert Inc. (U.S.), Optovue Incorporated (U.S.), DGH Technology, Inc. (U.S.), Topcon (Japan), Sonomed Escalon (U.S.), MicroMedical Devices (MMD) Inc. (U.S.), Ophtec BV (Netherlands), AMETEK Inc. (U.S.), Zeiss International (Germany), OCULUS (Germany), Bausch & Lomb Incorporated (Canada), CSO (Ireland), NIDEK Co. Ltd. (U.S.), and Essilor (France).
Segments Covered By Product Type, By Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Pachymeter Device Market: Regional Insights 

North American Pachymeter Device market to accumulate huge proceeds over 2023-2030

North America, which accounted for 65% of the global pachymeter device market revenue share in 2022, is anticipated to dominate the regional market growth over the forecast timeline. The regional market surge over 2023-2030 can be due to a rise in the demand for pachymeter devices in the hospitals and clinics in the counties such as Canada and the U.S. along with the presence of strong healthcare infrastructure facilities in these countries.

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On the other hand, the pachymeter device industry in the Asia-Pacific zone is predicted to record the highest gains of 8.1% in the forthcoming years. The regional market expansion over the forecast timespan can be due to a rise in the per capita income of the consumers along with growing awareness among the population about diagnosis of eye disorders in the initial phase.

Pachymeter Device Market: Competitive Space

The global pachymeter device market profiles key players such:

  • Quantel Medical (France)
  • Tomey Corporation (Japan)
  • Reichert Inc. (U.S.)
  • Optovue Incorporated (U.S.)
  • DGH Technology
  • Topcon (Japan)
  • Sonomed Escalon (U.S.)
  • MicroMedical Devices (MMD) Inc. (U.S.)
  • Ophtec BV (Netherlands)
  • AMETEK Inc. (U.S.)
  • Zeiss International (Germany)
  • OCULUS (Germany)
  • Bausch & Lomb Incorporated (Canada)
  • CSO (Ireland)
  • NIDEK Co. Ltd. (U.S.)
  • Essilor (France).

The global pachymeter device market is segmented as follows:

By Product Type

  • Handheld Type
  • Non-Handheld Type

By Type

  • Ultrasound Method
  • Optical Method

By Application

  • Glaucoma Diagnosis
  • Refractive Surgery

 By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

A pachymetry is a painless inspection that is used for measuring the cornea thickness. It finds a slew of applications in routine clinical practice including complimentary examination in glaucoma, identification of potential refractive surgery, and diagnosis of particular ailments of the cornea. There are mainly two key types of pachymetry, namely, ultrasound, which makes use of sound waves for creating images, and optical pachymeters which make use of microscopes.    

The global pachymeter device market is projected to expand over 2023-2030 due to a prominent surge in the acceptance of pachymetry systems and easy availability of technologically advanced pachymetry systems at reasonable costs.

According to study, the global pachymeter device market size was $19.1 billion in 2022 and is projected to reach $26.1 billion by the end of 2030.

The global pachymeter device market is anticipated to record a CAGR of nearly 12.3% from 2023 to 2030.

The Asia-Pacific pachymeter device industry is set to register the fastest CAGR over the forecasting period subject to a rise in the per capita income of consumers along with growing awareness among the population about the diagnosis of eye disorders in the initial phase.  

The global pachymeter device market is led by industry players such as Quantel Medical (France), Tomey Corporation (Japan), Reichert Inc. (U.S.), Optovue Incorporated (U.S.), DGH Technology, Inc. (U.S.), Topcon (Japan), Sonomed Escalon (U.S.), MicroMedical Devices (MMD) Inc. (U.S.), Ophtec BV (Netherlands), AMETEK Inc. (U.S.), Zeiss International (Germany), OCULUS (Germany), Bausch & Lomb Incorporated (Canada), CSO (Ireland), NIDEK Co. Ltd. (U.S.), and Essilor (France).

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