Ophthalmic Tonometers Market Size & Share, by Product Type (Applanation, Pascal Dynamic Contour, Rebound, Indentation Tonometer); Technology (Probe based, Electronic, Pneumatic); Modality (Desktop, Handheld); End-user (Hospitals, Ophthalmic Diagnostic Centers) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Global Ophthalmic Tonometers Market Definition 

Tonometers are portable medical devices used to measure intraocular and fluid pressure within the eye known as intraocular pressure (IOP). It is used to diagnose and evaluate patients at risk for developing glaucoma which damages the optic nerve and results in vision loss. Tonometry is used to detect IOP, which is required in all types of glaucoma. Tonometers are most typically used by clinicians as part of a normal routine checkup to test for and monitor IOP escalation in glaucoma. It is also useful in cases of ocular damage without eyeball rupture, ocular irritation, and infection, and before and following ophthalmic surgical procedures.

Glaucoma is a disorder that occurs when the eye's optic nerve gradually deteriorates, causing visual loss. This condition is frequently linked with elevated intraocular pressure. The only known approach to prevent glaucoma blindness is to identify and try to control excessive eye pressure. Early diagnosis can help safeguard vision and decrease the progression of vision loss. Glaucoma can affect anyone at any age, however, it most frequently affects older persons. There are numerous types of glaucoma. The most frequent kind is open-angle, which may take a long time to develop. Most people do not have symptoms until later stages, and it does not cause pain. It can result in blindness if neglected.

A tonometer works without fluorescein dye with minimized infection risks and corneal abrasions. Hence, they are widely used in eye clinic centers and hospitals. For the process, the tonometer's sensor is placed on the surface of the eye after the technician or doctor has numbed it with anesthetic eye drops. The stronger the pressure reading, the harder the tone of the surface of the eye. The pressure reading can be recorded by the clinician and used to identify or track the treatment of glaucoma.

Global Ophthalmic Tonometers Market: Key Insights

Global Ophthalmic Tonometers Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global ophthalmic tonometers market is estimated to garner a revenue of ~USD 650 Million by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 300 Million in the year 2022. The growth of the market is attributed primarily to the growing prevalence of glaucoma disease and primary open-angle glaucoma (POAG) worldwide. According to the National Center for Biotechnology Information, approximately 57.5 million people worldwide suffer from primary open-angle glaucoma (POAG). The number of people with glaucoma is expected to reach 111.8 million by 2040, up from 76 million in 2020. Further, the rising proportion of the aged population across the globe, as well as the worldwide increase in myopia cases are some further factors that are projected to drive market growth during the projected time frame.

In addition to these, factors that are believed to fuel the market growth of ophthalmic tonometers include the wide use of these devices in eye clinic centers, hospitals, and ophthalmic centers to detect eye-related disorders. Moreover, the increasing awareness among the population about early diagnosis of diseases along with the increasing diabetic population across the world is expected to fuel global ophthalmic tonometers market growth over the forecast period. According to World Health Organization, every year, 1.5 million deaths are directly attributed to diabetes, a disease that affects about 422 million people worldwide.  Further, the surging usage of digital devices in the healthcare sector as of technological advancements, along with the growing initiatives of eye checkup camps and glaucoma screening programs are estimated to further boost the growth of the market throughout the forecast period.

Global Ophthalmic Tonometers Market: Growth Drivers and Challenges

Growth Drivers

• Rising Geriatric Population Around the World- According to the World Bank report, 747,238,580 people were over 60 years of age in the world at the end of 2021. Eye disorders such as vision impairment and glaucoma have become increasingly prevalent as a result of aging populations around the world. In addition to medical care, eye care should be a priority in older populations' health care. Additionally, the aging population and diabetics are more prone to suffer from eye-related disorders, which in turn is expected to enlarge the global ophthalmic tonometers market size during the forecast period.

• Rising Exports of Ophthalmic Instruments Worldwide - According to the statistics by the International Trade Center (Trademap), the value of exports of Ophthalmic instruments in the United States in the year 2021 was recorded to be USD 1,070,493 which was an increase from USD 935,900 preceding year.

• Worldwide Rising Prevalence of Eye Disorders- For instance, approximately 290 million people globally are blind or visually impaired, and nearly 2.8 million Americans aged 40 years and above are suffering from low vision. 

• Increasing Spending on Healthcare Services - As per the recent data from the Centers for Medicare & Medicaid Services, approximately 19.7% of GDP was spent on healthcare services in 2020 in the United States, representing a total of USD 4.1 trillion.

• Rising Incidence of Diabetic Eye Disease Among Population- Diabetes can cause damage to blood vessels in the eyes, leading to vision problems for long-term diabetics. For instance, diabetic retinopathy affects around 7.8 million American adults and by 2030 this number is expected to rise to nearly 11 million.

Challenges

• Lack of Specialized Ophthalmologists - There is a global lack of specialized ophthalmologists, particularly in underdeveloped countries. For instance, by the end of 2019, India had only about 14,000 ophthalmologists. As a result, this factor is estimated to slow down the market growth throughout the projected period.
• High Cost Associated with Tonometry
• Insufficient Use of Contact Tonometers

Global Ophthalmic Tonometers Market Segmentation

The global ophthalmic tonometers market is segmented and analyzed for demand and supply by modality into the desktop and handheld. Among these two types of segments, the handheld segment is anticipated to capture the largest market size in the global ophthalmic tonometers market. The growth of the segment can be attributed to the better patient comfort delivered by these devices, along with innovative product launches by manufacturers are factors expected to drive segment growth during the forecast period. For instance, in march 2021, ICARE FINLAND OY launched a next-generation self-tonometer, HOME2. Glaucoma patients are able to measure their eye pressure at home with this device once they have been properly trained on how to use it. Moreover, greater portability and ease of access to these devices are some added factors that are anticipated to boost market growth further throughout the forecast period.

The global ophthalmic tonometers market is also segmented and analyzed for demand and supply by product type into applanation, pascal dynamic contour, rebound, and indentation tonometer. Amongst these four segments, the applanation segment is anticipated to garner the largest market size on the back of the technological advancement in tonometers, along with enhanced diagnostic accuracy delivered by applanation tonometers. Besides this, there is no requirement for fluorescein dye instillation or topical anesthesia during the use of applanation tonometers which makes the diagnosis process simple and safe. On the other hand, the rebound segment is anticipated to witness a notable CAGR during the forecast period, owing to the ease of portability of these devices and their easy-to-use feature that make them more popular for screening programs. Moreover, a massive surge in the trend of in-home care is fuelling the requirement of such ophthalmic diagnostic equipment which can be used in the comfort of the home is another significant factor that is anticipated to accelerate the segment growth in the coming years.

Our in-depth analysis of the global ophthalmic tonometers market includes the following segments:

Global Ophthalmic Tonometers Market Regional Synopsis

The North American ophthalmic tonometers market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed to the rapid expansion in healthcare facilities, along with a surge in cases of eye injuries are expected to drive the ophthalmic tonometers market in the region during the forecast period. For instance, it was observed that roughly 2.5 million eye injuries occur every year in the United States. Around 1,900 of these injuries occur every day as a result of workplace injuries. Annually, 120,000 eye injuries occur at home. In addition to this, increasing services for eye care, followed by the rising per capita income in the region are some more factors that are anticipated to push the market growth further throughout the forecast period in the region.

Furthermore, the European ophthalmic tonometers market is estimated to display notable growth over the forecast period on the back of the presence of major key players, along with the rising risk factors of glaucoma, and myopia such as high rates of hypertension and diabetes in people that are estimated to drive the market growth over the forecast period in the region. As per the World Health Organization figures, in the European region, there are roughly 60 million diabetics aged between 25 years and above. In addition to this, the growing count of cataract surgery is also projected to augment the adoption ratio of these ophthalmology equipment. Besides this, the rising count of clinical and basic ophthalmology research projects are some more factors that are anticipated to propel the market growth further throughout the forecast period in the region.

Top Featured Companies Dominating the Global Ophthalmic Tonometers Market

• Takagi Ophthalmic Instruments Europe Ltd.
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• C&VTech Inc.
• ICARE FINLAND OY
• Topcon Positioning Systems, Inc.
• Kowa American Corporation
• OCULUS Optikgeräte GmbH
• Reichert, Inc.
• NIDEK CO., LTD.
• Rexxam Co., Ltd.
• AMETEK, Inc.