Tonometers Market

Global Tonometers Market Size (2023 to 2028)

The global tonometers market size is expected to be worth USD 325.30 Million in 2023. It is expected to grow at a CAGR of 5% during the forecast period and reach a value of USD 415.17 Million by 2028.

Global Tonometers Market Drivers:

The growing aging population, rising life expectancy and falling death rates are propelling the global tonometers market. Glaucoma risk increases after 40, with 22% of the German population aged 60 or older. As patients become aware of IOP monitoring benefits and early diagnosis, the tonometers market is expected to progress. The adoption rate of tonometers in hospitals and clinics is projected to increase with the provision of favorable reimbursement policies. For instance, an insurance services provider in the United States will pay for the purchase of both standard and sophisticated tonometers, including the Pascal dynamic contour tonometer. An increase in the number of glaucoma screening programs run by the public, semi-public, and private healthcare sectors. Regular eye exams are the only way to detect glaucoma early on because the condition has no outward signs. The growing number of eye check-up camps that raise awareness of glaucoma and its effects on eyesight and rising eye screening program enrolment is supporting the global market expansion.

Technological advancements are promoting the growth rate of the tonometer market. The market for tonometers is growing gradually, mostly because of the rising incidence of illnesses affecting the eyes. Due to their high efficiency and precision in detecting intraocular pressure, these tonometers are essential diagnostic tools in ophthalmology. With the development of the automatic ocular tonometer, the procedure for measuring IOP has recently been altered. The efficiency, precision, and usefulness of automated tonometer systems are all higher than those of classic manual tonometers. The market for tonometers has seen significant technological improvements. As a result, increasingly complex gadgets using machine learning, artificial intelligence, and sophisticated algorithms have been created to provide more accurate and comprehensive measurements.

The growing use of non-contact tonometers, which provide patients with a more comfortable and hygienic experience, is one of the major trends. These contactless tonometers are highly helpful for diagnosing eye disorders in children or people who find regular tonometers hard to use. The prevalence of myopia and obesity in low- and middle-income countries are providing opportunities for the tonometer market. Increased rates of obesity and myopia have already been observed in high-income countries and are now gradually spreading to low-and-middle-income countries. The prediction regarding these non-communicable eye diseases is concerning, and if they are not detected and treated early, they may have catastrophic effects on health. In September 2023, Diaton Tonometer launched a safer option over traditional methods for glaucoma testing by introducing transpalpebral tonometry, which permits intraocular pressure measurement through the eyelid.

Global Tonometers Market Restraints:

Incapacity or difficulty in using the tonometer is restricting the growth of the global tonometers market. Some tonometry can only be utilized when the patient is cooperative and straight, such as the gold standard Goldmann Applanation, while other portable manual devices, such as I Care rebound tonometers, can be used in a lying down position, and don't require much patient cooperation. Therefore, they could be useful for bedridden patients and kids who don't cooperate well. Other factors limiting the market expansion are corneal scars, unhealed corneal abrasions or ulcers, and astigmatic raised eyes. Tonometry manipulation can worsen corneal lesions that are already prevalent.

The absence of knowledge and skilled ophthalmologists is hindering the growth of the tonometer market. The International Council of Ophthalmology predicts a global market growth impact due to a shortage of specialized ophthalmologists, particularly in underdeveloped nations. Also, challenges in the distribution of comprehensive eye care still exist, such as the scarcity of skilled personnel, insufficient training, inadequate funding, restricted access to treatment and instrumentation, inadequate outreach, lack of transportation, and surgery-related anxiety.

Impact of COVID-19 on the global tonometers market:

Because of social and sanitary practices, access to eye care was severely affected. Research indicated that postponing or abandoning necessary ocular surgeries could have resulted in sudden visual loss, ultimately leading to permanent blindness. As per research, due to COVID-19, more than 28 million surgical procedures were postponed or canceled. Furthermore, businesses halted their production of devices, which temporarily disrupted the supply of newer models. The situation impacted market players' revenues, with global leader Alcon Inc. reporting decreased revenue in the second quarter of 2020.

REPORT COVERAGE:

This research report on the global tonometers market has been segmented and sub-segmented into the following categories.

Global Tonometers Market – By Tonometer Type:

• Applanation Tonometer
  • Goldmann And Perkins Applanation Tonometry
  • Non-Contact Tonometer
  • Ocular Response Analyzer
• Rebound Tonometer
• Indentation Tonometer
• Pascal Dynamic Contour Tonometer

Based on the tonometer type, the applanation tonometer segment led the market in 2022 and is anticipated to dominate the global market during the forecast period due to technological advancements in tonometer. Based on the Imbert-Fick law, these non-contacting tonometers remove the risk of corneal abrasions and infections during patient diagnosis. Also, diagnosis is quick, easy, and safe because neither topical anesthetic nor fluorescein dye installation is necessary for this tonometer. It is most popular among paramedical professionals as a screening instrument. Since this type of tonometer can be used for both veterinary and human diagnostic solutions, doctors worldwide greatly favor it.

Global Tonometers Market – By Tonometer Portability:

• Desktop
• Handheld

Based on the tonometer portability, the handheld segment is gaining traction and is expected to lead the tonometer market during the forecast period owing to its cost-effectiveness, easy-to-use, and user-friendly design. The factors that will propel the growth of the handheld tonometer market during the forecast period are the portable tonometer's portability, ease of usage, and improved patient comfort. Commercially available portable tonometers include the Perkins tonometer, rebound tonometer, and tono-pen.

Global Tonometers Market – By End User:

• Hospitals
• Ophthalmic centers
• Others

Based on the end-user, the hospital segment is anticipated to account for the major share of the global tonometers market during the forecast period owing to the advancements in the medical sector. Hospitals widely use ophthalmic tonometers during the diagnosing process. The expansion of the tonometers market is also attributed to the growing demand for the supply of these instruments in a wide range of applications like hospitals, diagnostic centers and emergency wards.

Global Tonometers Market – By Region:

• North America
• Europe
• Asia Pacific 
• Latin America
• Middle East & Africa

The North American market dominated the market in 2022 and is expected to grow promisingly during the forecast period owing to the presence of advanced healthcare infrastructure, the presence of key market participants and sophisticated medical facilities. Ophthalmic tonometer sales are rising quickly in North America because of the availability of a modern medical network. Furthermore, North America is considerably ahead of other regions in terms of the application of cutting-edge veterinary eye diagnostic technologies. Glaucoma, a major cause of blindness among Hispanics and African Americans in the United States, costs over 2.8 billion dollars annually and leads to lost productivity.

The European tonometer market will continue to grow at a significant pace in the coming years. The growth is anticipated to be fuelled by the rising prevalence of glaucoma risk factors such as diabetes, myopia, and hypertension. Also, over 60 million individuals in European countries, which is more than 10 percent and 9 percent in men and women respectively, over the age of 25 have diabetes. The main reason for this is the increase in risky behaviours such as drinking alcohol, smoking, eating unhealthy foods, and leading sedentary lives.

The Asia Pacific tonometers market is projected to register a higher CAGR during the forecast period. The prevalence of ocular hypertension is higher in this region and especially in East Asia due to demographic and ethnic changes. A Chinese study discovered that even though the current study's 20 mm Hg Intraocular Pressure percentile for older persons over 50 was identical at 97 percent skill, 5 percent of the participants had IOPs greater than normal.

The Latin American tonometers market is anticipated to grow at an elevated pace in the coming years. Glaucoma is a major blindness cause in Latin America, with 75% undiagnosed. Mexico, the second most populous country, is projected to have over 2.5 million glaucoma sufferers by 2030. In the next few years, it is expected that rising patient awareness of early diagnosis and routine intraocular pressure monitoring will boost the tonometers market.

The Middle East and African tonometers market is deemed to have steady growth opportunities during the forecast period. A key factor in the expansion of the tonometer market is the increasing incidence of eye discomfort and ophthalmic illnesses. The market is also impacted by a surge in serious injuries and a growth in sedentary, unclean lifestyles.

KEY MARKET PLAYERS:

Some of the notable companies operating in the global tonometers market include Topcon Corporation, Oculus Inc., Keeler Ltd., I Care Medical Inc., Reichert Technologies, Rexxam Co., Ltd. and Nidek Medical India Pvt. Ltd.