USD 360.4 billion
Report ID:
SQMIG35A2835 |
Region:
Global |
Published Date: December, 2024
Pages:
217
|Tables:
86
|Figures:
71
Corneal Pachymetry Market size was valued at USD 420.5 Billion in 2023 and is poised to grow from USD 444.89 Billion in 2024 to USD 660.09 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The process of measuring the thickness of the cornea of the eye using a medical instrument called a pachymeter is called corneal pachymetry. It is possible to do corneal pachymetry using optical or ultrasonic techniques. In corneal pachymetry, the cornea's thickness is measured, often in micrometers, using an ultrasonic transducer that touches the cornea. The cornea's thickness is often measured with ultrasonography in traditional corneal pachymetry. This approach has been around for a while and is regarded as normal procedure. However, technological developments have resulted in the creation of ultrasonic instruments that are more accurate and user-friendly.
The market is driven by an increase in patients' worries about eye problems through education, an increase in the frequency of eye disorders including glaucoma, and the ageing of the population. Additionally, improvements in R&D efforts and portable glaucoma detection technology are driving the market's expansion. However, the market's growth is significantly hampered by the high cost of equipment and strict regulatory compliance requirements. Many chances will arise soon due to the rise in eye ailments such as diabetic retinopathy and glaucoma, as well as the development of innovative products by major vendors and their approval.
US Corneal Pachymetry Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 360.4 billion
Largest Segment
Glaucoma diagnosis
Fastest Growth
Refractive surgery
Growth Rate
5.5% CAGR
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Global Corneal Pachymetry Market is segmented by modality, method type, application, end user and region. Based on modality, the market is segmented into handheld and desktop. Based on method type, the market is segmented into ultrasonic pachymetry and optical pachymetry. Based on application, the market is segmented into glaucoma diagnostics, refractive surgery, keratoconus screening and others. Based on end user, the market is segmented into hospitals, specialty clinics, diagnostic laboratories and ambulatory surgical centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Corneal Pachymetry Market Analysis by Technology
As per categorization by application type, the market is classified into glaucoma diagnosis and refractive surgery. Among these, glaucoma diagnosis earned the largest share and continues to dominate the market. The Global Corneal Pachymetry Market has witnessed a shift in the integration of corneal thickness measurements as a critical criterion in the advancement of glaucoma diagnosis. Corneal pachymetry is a useful tool for identifying those who are more susceptible to the progression of glaucoma since thinner corneas are linked to this risk. In addition to improving the accuracy of glaucoma identification, the use of pachymetry in conjunction with other diagnostic modalities such as tonometry allows practitioners to more effectively customize treatment plans, which ultimately improves patient outcomes.
The global corneal pachymetry market is expected to experience a steady increase in demand for refractive surgery in the future due to several factors. More people are likely to seek out refractive surgery operations to treat visual issues like astigmatism, hyperopia, and myopia if improvements in safety and outcome profiles persist. To choose patients for refractive surgery techniques such as LASIK and PRK who have sufficient corneal thickness, corneal pachymetry is a vital component of preoperative screening. In the upcoming years, there is expected to be a major increase in demand for corneal pachymetry devices and services due to expanding acceptance of refractive surgery treatments worldwide and increased awareness of its benefits.
Corneal Pachymetry Market Analysis by Method Type
Due to their ability to provide accurate measures of corneal thickness, ultrasonic technologies remain a mainstay in the global corneal pachymetry market. Recent developments in transducer technology and signal processing methods have improved the accuracy and usability of ultrasonic instruments. Even with the advent of other imaging modalities, ultrasonic pachymetry is still commonly used due to its well-proven accuracy and low cost. Its adaptability makes it possible to incorporate it into a variety of therapeutic contexts, guaranteeing its ongoing significance in the evaluation of corneas and the planning of refractive surgery.
AS non-contact diagnostic procedures are becoming more and more popular, the global corneal pachymetry market is expected to see considerable development in the demand for optical approaches due to ongoing technological advancements. Optical techniques, such Optical Coherence Tomography (OCT), are useful instruments for corneal evaluation as they provide quick measurements and high-resolution imaging. Optical pachymetry is expected to experience a boom in use due to the growing demand for refractive procedures and increased awareness of the significance of early identification and monitoring of corneal disorders. Moreover, the non-invasiveness of optical approaches and their smooth integration with other diagnostic modalities establish them as significant players in the future of corneal health care.
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In 2023, the market was dominated by the North American region. The increased prevalence of glaucoma and refractive operations is the cause of the region's rise. The region's superior healthcare medication infrastructure is effectively propelling the growth of the global corneal pachymetry market. The National Eye Institute projects that by 2030, there will be 4.2 million instances of glaucoma, a 58% increase in prevalence. In the years to come, this will increase the significance of corneal thickness medical testing in the area. The increasing prevalence of glaucoma patients, mostly in India, is predicted to fuel the region's rapid growth. In 2020, there were an estimated 76 million cases of glaucoma worldwide; India accounted for 20% of these instances. In the long run, there will likely be a high need for specific medical testing technologies, such as ocular pachymetry, due to the region's ageing population.
The market is growing in Europe due to improvements in the healthcare system and rising awareness of ocular health, with an emphasis on incorporating pachymetry into regular eye exams. Due to increased access to healthcare services and an increase in the prevalence of ocular illnesses, Latin America is showing an increasing need for corneal pachymetry. Rapid urbanization and rising disposable incomes in the Middle East are driving the adoption of modern diagnostic technologies, with a particular focus on handheld and portable pachymetry equipment to accommodate a variety of clinical settings.
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Corneal Pachymetry Market Drivers
Awareness Regarding Corniel Diseases Rising
Lasik Surgeries
Corneal Pachymetry Market Restraints
Limited Health Insurance Backing
Regulatory Hurdles
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A number of foreign companies are fighting for market dominance in the highly competitive global corneal pchymetry industry. Due to their robust distribution networks and wide range of products, industry leaders Carl Zeiss Meditec AG, NIDEK CO., LTD., and Alcon, Inc. Furthermore, newcomers like Sonomed Escalon and Oculus Optikgeräte GmbH are stepping up the competition with cutting-edge pachymetry technologies that are meant to improve patient outcomes and increase diagnostic accuracy.
Corneal Pachymetry Market Top Player’s Company Profiles
Corneal Pachymetry Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Healthcare professionals are prioritizing the early detection of eye-related difficulties because of the growing knowledge and comprehension of numerous health conditions brought about by greater internet connectivity. For example, in January 2023, researchers at GROW laboratory unveiled a diagnostic kit that will improve efforts to detect and cure disorders including ocular inflammation and keratoconus. The market is faced with substantial obstacles due to the high cost and restricted accessibility of corneal pachymetry testing, especially in areas with limited health insurance coverage. This makes it more difficult to diagnose and treat eye illnesses including glaucoma and keratoconus in a timely manner.
In the highly competitive global corneal pachymetry market, new players like Sonomed Escalon and Oculus Optikgeräte GmbH are fighting for market dominance by introducing cutting-edge technologies targeted at improving patient outcomes and diagnostic precision, as well as long-standing leaders like Carl Zeiss Meditec AG, NIDEK CO., LTD., and Alcon, Inc. with their vast distribution networks. Recent developments in corneal imaging, such as in vivo confocal microscopy for ocular subbasal nerve imaging, have revolutionised diagnostic capabilities and provided invaluable guidance for treatment decisions by offering more objective assessments and enhanced disease monitoring. This has made it possible to visualise corneal structures and diseases in detail, facilitating more precise diagnosis and customised treatment plans.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 420.5 Billion |
Market size value in 2032 | USD 660.09 Billion |
Growth Rate | 5.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Corneal Pachymetry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Corneal Pachymetry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Corneal Pachymetry Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35A2835
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