|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 19.1 Billion||USD 26.1 Billion||12.3%||2022|
Pachymeter Device Market
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.
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.
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.
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.
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.
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.
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.
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.
|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)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
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.
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.
The global pachymeter device market profiles key players such:
By Product Type
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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