Tonometer Market: Current Analysis and Forecast (2021-2027)

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Emphasis Technology (Applanation Tonometer, Non-Contact Tonometer, Rebound Tonometer, Indentation Tonometer, and Others); Portability (Desktop and Handheld); Type (Direct and Indirect); End-User (Hospitals & Clinics, Specialty Centers, and Others); and Region/Country

Detailed Analysis of COVID-19 Impact on the Tonometer Market

Pages:

195

Table:

48

Figure:

112

Report ID:

UMHE211083

Geography:

Clear
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The tonometer market has captured significant market demand and is expected to grow at a CAGR of 5% during the forecast period. The tonometer market has captured significant market demand and is expected to grow at a CAGR of 5% during the forecast period. This is mainly due to increasing incidences of ocular diseases such as glaucoma, ocular hypertension, and diabetic retinopathy. Furthermore, the rising prevalence of ocular hypertension in the geriatric population is responsible for the rising demand for tonometers. For example, as per the NCBI research, The prevalence of ocular hypertension in the general population ranges between 2.7–3.8%. OHT increases with age, from 1.7–2.7% in the age group of 40 to 49 years, 2.7–4.6% in the 50 to 59 years range, to 4.1–7.5% in people older than 80 years.

COVID-19 has slowed the growth of the tonometer market, as countries were forced to implement lockdowns during the first half of 2020. The healthcare facilities were only treating emergency cases and postpended the inessential appointments including eyecare centers. Furthermore, the COVID-19 pandemic also halted the supply chain which results in a shortage of the raw material required for the manufacturing of the devices.

include OCULUS, Halma Plc, Metall Zug Group, Revenio Group PLC, AMETEK Inc., Rexxam Co. Ltd., Kowa American Corporation, Topcon Corporation, NIDEK CO.LTD, and Canon Inc are some of the key players in the market. Several strategic measures have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst technology, applanation category is expected to witness considerable growth during the forecast period”

Based on technology, the market has been categorized into applanation tonometer, non-contact tonometer, rebound tonometer, and indentation tonometer. Amongst these, the applanation category is expected to witness significant growth during the forecast period. This is mainly due to the increasing demand for minimally invasive and painless diagnostic procedures. Furthermore, the frequent product launches and technological advancements catalyze the market growth of the applanation tonometers. For example, in November 2021, TAKAGI announced the launch of the AT-2 applanation tonometer. It is based on Goldmann applanation tonometry and designed for use with TAKAGI slit lamps, the AT-2 provides rapid, safe, and accurate intraocular pressure (IOP) measurement required for the diagnosis of such conditions as glaucoma, ocular hypertension, and retinal detachment.

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“Amongst portability, handheld category held a significant share in 2020”

Based on the portability, the market has been categorized into desktop and hand-held. Amongst these, the hand-held category is expected to witness the fastest growth in the tonometer market. The rising demand for lightweight, cost-efficient, and user-friendly equipment rise the demand for hand-held tonometers. Furthermore, with the rising geriatric population and the increasing cases of ocular hypertension among them rises the demand for self-monitoring home care diagnostic equipment including tonometers.

“Amongst type, indirect category held a significant share in 2020”

Based on type, the market has been categorized into direct and indirect. Amongst these, the indirect category is expected to witness significant growth during the forecast period. The rising demand for minimally invasive and painless diagnostic procedures along with increasing cases of ocular hypertension drives the segmental growth of the indirect methods in the tonometer market. Furthermore, the availability of a wide range of products and technology in the category attributed to the market growth of the segment in the tonometer market. For instance, rebound tonometry is an indirect method of tonometry that analyses the motion parameters of a bouncing probe after colliding with the cornea.

“Amongst end-users, specialty to lead growth in the global tonometer market”

Based on end-user, the market is classified into hospitals & clinics, specialty centers, and others. The specialty centers category accounted for a significant share in the market in the tonometer market. Cost-effectiveness and accessibility are the major factors expected to drive the market growth over the forecast period. Furthermore, the surging ophthalmic diseases along with the specialization of the specialized clinics in eye care treatment are the contributing factors to the growth of the segment in the market. For example, according to the American Academy of Ophthalmology (AAO), in 2021, myopia, an eye focusing disorder, was a significant, prevalent disease that affected an estimated 25% of Americans.

“North America to witness significant growth during the forecast period”

North America holds a lucrative market share owing to favorable government policies and rising healthcare expenditure are some of the prominent factors driving the region’s market. For instance, in Canada, the Canada Health Act establishes criteria and conditions related to insured health services and extended health care services that the provinces and territories must fulfill to receive the full federal cash contribution under the Canada Health Transfer (CHT). In the fiscal year 2020-2021, the CHT was $41,870,000,000. Furthermore, the growing old-aged population coupled with the rising diseases are also responsible for the market growth of the diagnostic industry. The presence of the major economies, higher disposable income, and the presence of well-established market players in the region are the few driving factors that drive the market growth of the tonometer in the region.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Limitation 
1.3.Stakeholders
1.4.Currency used in Report
2.1.Research Process of the Tonometer Market
2.2.Research Methodology of the Tonometer Market
2.3.Forecasting Method 
2.4.Respondent Profile 
2.5.Main Objective of the Tonometer Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5IMPACT OF COVID-19 ON THE TONOMETER MARKET
6TONOMETER MARKET REVENUE (USD BN), 2019-2027F
7.1.Applanation Tonometer
7.2.Non-contact tonometer
7.3.Rebound tonometer
7.4.Indentation tonometer
8.1.Desktop
8.2.Handheld
9.1.Direct
9.2.In-direct
10.1.Hospitals & Clinics 
10.2.Speciality centers
10.3.Others 
11.1.North America
 11.1.1.U.S.
 11.1.2.Canada
 11.1.3.Rest of North America
11.2.Europe 
 11.2.1.Germany
 11.2.2.U.K.
 11.2.3.France
 11.2.4.Spain
 11.2.5.Italy
 11.2.6.Rest of Europe
11.3.Asia-Pacific 
 11.3.1.China
 11.3.2.Japan
 11.3.3.India
 11.3.4.Australia
 11.3.5.Rest of Asia-Pacific
11.4.Rest of World 
12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis
13TONOMETER MARKET OPPORTUNITIES
14TONOMETER MARKET TRENDS
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16.1.Competitive Landscape
 16.1.1.Porter’s Five Forces Analysis
17.1.OCULUS 
17.2.Halma Plc  
17.3.Metall Zug Group 
17.4.Revenio Group PLC
17.5.AMETEK Inc.
17.6.Rexxam Co. Ltd.
17.7.Kowa American Corporation
17.8.Topcon Corporation
17.9.NIDEK CO.LTD
17.10.Canon Inc. 
18DISCLAIMER

Research Methodology

Research Methodology for the Global Tonometer Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global tonometer market were the three major steps undertaken to create and analyze the adoption of tonometer in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global tonometer market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the tonometer market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the tonometer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as technology, portability, type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the tonometer market. Further, we conducted factor analysis using dependent and independent variables such as various technology, portability, type, and end-users of tonometer equipment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the tonometer market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global tonometer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the tonometer market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global tonometer market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global tonometer market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology, portability, type, and end-users in the global tonometer market.

The main objective of the global tonometer Market Study

The current & future market trends of global tonometer market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the tonometer market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of technology, portability, type, and end-users.
  • Define and analysis of the regulatory framework for the tonometer market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the tonometer market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the tonometer market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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