USD 397.2 billion
Corneal Pachymetry Market Size, Share, Growth Analysis, By Method Type(Ultrasonic Method and Optical Method), By Application(Glaucoma Diagnosis and Refractive Surgery), By End User(Hospitals, clinics, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2835 |
Region:
Global |
Published Date: April, 2024
Pages:
217
|Tables:
86
|Figures:
71
Corneal Pachymetry Market Insights
Corneal Pachymetry Market size was valued at USD 397.2 billion in 2022 and is poised to grow from USD 420.5 billion in 2023 to USD 623.9 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Glaucoma diagnosis
Fastest Growth
Refractive surgery
Growth Rate
5.8% CAGR
Global Corneal Pachymetry Market ($ Bn)
Country Share for North America (%)
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Corneal Pachymetry Market Segmental Analysis
The global corneal pachymetry market is segmented based on method type, application type, end user type and regional type. In terms of method type, the market is segmented into ultrasonic method and optical method. Based on application type, the market is bifurcated into glaucoma diagnosis and refractive surgery. Based on end user type, the market is bifurcated into hospitals, clinics and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. Due to its ability to cure a common eye condition and its significance as a diagnostic and management tool for corneal thickness, the application with the most market share in the glaucoma diagnosis market in 2023 was corneal thickness monitoring.
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.
Global Corneal Pachymetry Market By Technology (%)
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Corneal Pachymetry Market Regional Insights
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.
Global Corneal Pachymetry Market By Geography
- Largest
- Fastest
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Corneal Pachymetry Market Dynamics
Corneal Pachymetry Market Drivers
Awareness Regarding Corniel Diseases Rising
- Growing awareness of a number of health issues together with better understanding of symptoms and medical illnesses due to improved internet availability. In the long run, the need for corneal pachymetry will likely be facilitated by the expanding efforts to encourage early detection of eye-related health concerns by healthcare practitioners. For example, in January 2023, scientists at GROW laboratory unveiled a diagnostic kit that may be used to identify, treat, and forecast keratoconus, ocular inflammation, dry eye, and other conditions.
Lasik Surgeries
- The majority of people on the planet are really interested in getting rid of their glasses and undergoing laser treatment. This is compelling the government to intervene and establish a broad healthcare system for the general public. For example, in response to the growing demand for Lasik surgeries, a Lasik centre was established at the command hospital in Lucknow in November 2023. The need for corneal pachymetry in the global market is expected to increase significantly as more centres set themselves up to address blindness.
Corneal Pachymetry Market Restraints
Limited Health Insurance Backing
- The scarcity of health insurance plans, which limits patient access to necessary diagnostic procedures, presents serious problems for the corneal pchymetry market. A crucial instrument in ophthalmic diagnostics, corneal pachymetry analyses the cornea's thickness and helps diagnose and treat a number of eye diseases, such as keratoconus and glaucoma. However, many patients find it extremely difficult to obtain corneal pachymetry tests due to their high cost, especially in areas with sparse health insurance coverage.
Regulatory Hurdles
- The intricate regulatory environment governing medical devices and diagnostics presents challenges for the corneal pchymetry market. Strict legal regulations that differ between jurisdictions present difficulties for industry participants looking to enter new markets or grow their share of the pachymetry technology business. Adhering to regulatory requirements means making significant investments in R&D and obtaining regulatory permissions, which in turn causes delays in product launches and increases in operating expenses.
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Corneal Pachymetry Market Competitive Landscape
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
- Quantel Medical (France)
- CSO S.r. (India)
- MicroMedical Devices Inc. (US)
- Carl Zeiss AG (India)
- Ophtec BV (Netherlands)
- Escalon Medical Corp. (US)
- Konan Medical Inc. (Japan)
- Tomey Corporation (Japan)
- Halma Plc (UK)
- AMETEK Inc. (US)
- NIDEK Co. Ltd. (Japan)
- Glaukos Corporation (US)
Corneal Pachymetry Market Recent Developments
- In August 2022, the iStent Infinite is a trabecular micro-bypass system that Glaukos Corporation received FDA 510(k) clearance for. Its purpose is to lower intraocular pressure in individuals with primary open-angle glaucoma when other treatments have failed.
- In October 2022, When Alcon acquired Ivantis, the company that developed the Hydrus Microstent, it was a big step forward. This novel gadget is intended to help reduce intraocular pressure in individuals with open-angle glaucoma, especially during cataract surgery. A USD 475 million down payment was required for the acquisition, and further payments might be made if certain legal and financial requirements were met.
- In July 2023, The NT-1/1e Non-Contact Tonometer, a brand-new, cutting-edge gadget from Nidek, features an air-nozzle contact sensor for improved patient safety and automated measurements. By having patients place their chins on the chinrest, it streamlines the procedure and enables the device to detect eye position and start taking measures without the need for operator assistance. This development represents a significant step forward in safe and user-friendly eye care technologies.
Corneal Pachymetry Key Market Trends
- Transformative Advances in Corneal Imaging: A big step forward has been made with the development of more objective diagnostic instruments and enhanced disease monitoring capabilities, which provide crucial direction for treatment choices. Systemic results are predicted, for example, when in vivo confocal microscopy is used for ocular subbasal nerve imaging. With the aid of this state-of-the-art technology, corneal diseases and structures can be visualized in detail, providing clinicians with a more precise and thorough understanding of corneal health. Improvements in diagnosis and the creation of more specialized treatment plans are made possible by these developments.
- Portable Corneal Examination Precision: Healthcare professionals may easily test corneal thickness at many points of care, such as outpatient clinics, primary care offices, and remote locations, due to the portability and user-friendliness of handheld devices. This portability is especially helpful for clinicians who need to move around a lot when examining patients. at addition, handheld corneal pachymeters could be less expensive than desktop models, which makes them a better option for medical professionals with limited resources, such those at small clinics or remote healthcare institutions. Handheld gadgets' increasing popularity can be attributed to their less initial cost and ongoing upkeep.
Corneal Pachymetry Market SkyQuest Analysis
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 2022 | USD 397.2 billion |
| Market size value in 2031 | USD 623.9 billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Corneal Pachymetry Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Corneal Pachymetry Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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.
Regional Analysis: Further analysis of the Corneal Pachymetry Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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