Ophthalmic Tonometers Market

Sophistication of Diagnostic Tools and Processes Driving Growth

Technical advancements in the past decade have been remarkable resulting in advent of state-of-the-art diagnostic process and tools. Medical equipment development companies are as well focusing on making their devices more sophisticated.

For instance, dynamic preferences of modern consumers have steered the launch of non-contact tonometers. Crystalvue Medical, one of the prominent companies specializing in ophthalmic related medical devices, has launched a non-contact tonometer, dubbed as TonoVue. The device uses a smooth and robust air puff to apply pressure for flattening cornea. It also uses advanced electro-optical system to monitor deformation for measuring non-contact IOP.

More recently, Icare USA has launched Icare ic200, which is a next generation in line of Icare’s handheld tonometers. The device is designed to measure IOP without the use of air puffs, anesthetic drops, or specialized skills.

With hospitals and ophthalmic diagnostic centers seeking to offer improved patient care, demand for advanced ophthalmic tonometers will remarkably grow. Healthcare facilities are looking for technologies that will allow them to offer prompt and accurate diagnosis. This has resulted in rapid adoption of smart non-contact tonometers.

Advanced features such as portability, flexibility, reliability and hassle-free usage of the ultra-modern ophthalmic tonometers have been enabling the market gain traction. Propelled by the advent of innovative technologies and tools, the global ophthalmic tonometers market is anticipated to surge during the forecast period.

Increased Incidence of Diabetes Fuelling Demand

Since the past few years there have been rising cases of diabetes around the world predominantly caused by unhealthy and hectic lifestyle. According to the CDC's National Diabetes Statistics Report for 2020 cases of diabetes have increased to approximately 34.2 million in U.S.

Diabetic patients being highly vulnerable to glaucoma, need early diagnosis in order to prevent permanent loss of vision. Ophthalmic tonometers are widely used by physicians to measure intraocular pressure (IOP). As both medical and surgical treatments for glaucoma aim at reducing IOP in order to minimize the disease progression, the ophthalmic tonometers have become an integral part of the emergency diagnostic tools.

With the alarming rate of increase in diabetes, people are getting more concerned about its effects resulting in constant growth of the global market. Driven by these factors, ophthalmic tonometers market forecast remains positive despite a temporary period of sluggish growth during pandemic.

Key Challenges

In 2020, the outbreak of novel coronavirus has slowed down the market growth. Market players also are witnessing restraints due to factors such as non-operating supply chains, closed manufacturing units during the lock-down period, scarcity of raw-materials, shortage in manpower, job recession, negatively impacted economy and others due to COVID-19 pandemic. This has resulted in negative impacts on the market growth.

Furthermore, focus in general has largely shifted towards pandemic related emergencies, resulting in declined market demand. However, according to FMI, the global market is expected to gain its momentum back by the first half of 2021, opening ample of opportunities to the market players and investors.

Region-wise Analysis

North America Ophthalmic Tonometers Market

The North America ophthalmic tonometers market has been leading due to the presence of a sophisticated healthcare network. Also North America is far ahead in the adoption of advanced veterinary diagnostic solutions as compared to other regions.

As a result, it has been exhibiting increasing demand for veterinary tonometers, such as applanation tonometers and rebound tonometers is catering to the escalating market growth. According to FMI, the U.S will sustain as the leading country in the North America ophthalmic tonometers market during the forecast period.

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Europe Ophthalmic Tonometers Market

Europe ophthalmic tonometers market holds the second leading share after North America and Latin America.  Due to the presence of key market players such as, Reichert, Keeler, Topcon, Canon, iCare, Nidek, Haag-Streit, and others, Europe market is gaining traction. Growth witnessed in the region also is backed by new product developments by the leading manufacturers present in Europe.

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According to FMI, the Europe market is anticipated to experience consistent growth throughout the upcoming forecast period, sustaining in the position.

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East Asia Ophthalmic Tonometers Market

The presence of well-established healthcare infrastructure in countries such as as China, Japan,  and South Korea has been spurring demand for ophthalmic tonometers in the region. The rising cases of glaucoma in the region has been fuelling the demand for ophthalmic tonometers. Over the course of the forecast period, the East Asia market is expected to rise at an impressive pace. FMI has forecast the market to exhibit a CAGR of above 5% between 2020 and 2030.

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Category-wise Insights

Applanation Tonometers to Maintain the Lead

Among human tonometers, applanation tonometers are expected to emerge dominant. These tonometers based on the Imbert–Fick law, are non-contacting which eliminates the risks of infections and corneal abrasions during the patient diagnosis. This type of tonometers does not need topical anesthesia or instillation of fluorescein dye, making the diagnosis process hassle-free, secure and fast.

Applanation tonometers are widely used as potential screening tools by paramedical staff, all over the world. As this type of tonometers are flexible to use both in humans as well veterinary diagnosis solutions, it is highly preferred among the physicians across the globe.

According to FMI, the applanation tonometers are set to dominate the other product types during the forecast period.

Handheld Tonometers Prevails to be Dominant

Handheld tonometers are the first preferences among end users such as, hospitals, ophthalmic diagnostic centers, veterinary diagnostic centers and others. In terms of portability handheld tonometers are expected to comprise the leading segment in the market.

As a very large section of population is inclined towards the earliest and routine diagnosis, adoption of handheld tonometers is expected to surge.  Due to their compact size, light weight, cost-effective maintenance and easily understandable and reliable features, handheld tonometers are gaining traction in order to dominate the market by portability type in the coming years.

Hospitals Industry to Sustain as Leading End-user

Ophthalmic tonometers being an integral part of diagnosis process, is most widely used in the hospitals. Due to its features and capabilities of earliest detection of serious eye-sight problems such as glaucoma, myopia, and others, it is highly preferred by the hospitals starting from small to medium or large ones.

As hospitals require huge supply of ophthalmic tonometers to be used in different wards starting from emergency to outdoor as well as in diagnostic centres attached with the hospitals, it is the main contributor to market growth among other industries.

Due to the increasing concerns, changing lifestyles, advancements in medical sectors, and other factors, the hospitals industry is anticipated to witness steady growth making it the dominant end-user throughout the forecast period.

Competitive Landscape

Leading players in the ophthalmic tonometers market are adopting various policies to gain competitive advantage. Product launches have emerged as one of the key strategies adopted by the market players.

For instance, key market player Jorgensen Laboratories has brought their brand new fully automated TONOVET which does not need any topical anesthetic, has higher accuracy at higher and lower IOP and other features for diverse veterinary diagnosis.

Dominant market player Node has launched Non Contact Tonometer NT-530/510 with advanced APC (Auto Puff Control), noise reduction, 3-D auto tracking, auto shot, and auto complete.

Horvitz has released their advanced HNT-7000 tonometer with full auto-tracking measurement and corneal thickness compensation resulting easier and more precise tonometry.

Some of the Key Market Players are-

• Node
• Metal Zug
• Horvitz
• Topcon
• Revenue Group Oyo (Care Finland Oyo)
• Kiowa Group (Kiowa American Corp.)
• OCULUS Optikgerate GmbH
• 66 VISION TECH Co., Ltd.
• Photon Surgical Systems Ltd.
• Jorgensen Laboratories
• Eicemeyer Veterinary Equipment Ltd.
• Nanjing Redsun Optical Co., Ltd.
• AMETEK, Inc. (Reichert, Inc.)

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Ophthalmic Tonometers Market Report: Scope

Key Questions Answered by the Report

• What is the market size for ophthalmic tonometers?

  According to Future Market Insights (FMI), the ophthalmic tonometers market is expected to grow by 4.8% CAGR during the forecast period of year 2020 to 2030.

• Which is the largest market for ophthalmic tonometers?

  Currently, North America is the leading country followed by Latin America and Europe in the global market. According to FMI, the region-wise key players will remain in their dominant positions in the coming years.

• Which are the top companies in ophthalmic tonometers market?

  Some of the key market players are Metall Zug, Nidek, Huvitz and others.

• Which is the most lucrative segment among end users of ophthalmic tonometers?

  Hospitals industries are the current most lucrative segment for the ophthalmic tonometers market.

• Which is the most lucrative segment in product type category of ophthalmic tonometers market?

  Human Applanation Tonometers segment is the most lucrative one in product type category of ophthalmic tonometers market.

• What are some driving factors for ophthalmic tonometers market growth?

  Increasing diabetes coupled with the medical advancements, increasing urbanization, among others are primary factors driving ophthalmic tonometers market.

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• Is this research conducted by Future Market Insights?

  Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology

• Who are the respondents for primary research?

  FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

• What are the sources of secondary research?

  FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

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Key Segments

Product Type

• Human Applanation Tonometers
• Human Indentation Tonometers
• Human Rebound Tonometers
• Veterinary Applanation Tonometers
• Veterinary Rebound Tonometers

Portability

• Handheld Tonometers
• Desktop Tonometers

End-user Industry

• Hospitals
• Ophthalmic Diagnostic Centers
• Veterinary Hospitals
• Veterinary Diagnostic Centers

Regional Outlook

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
• South Asia-Pacific (India, Thailand, Malaysia, Vietnam, Indonesia)
• MEA (GCC Countries, Turkey, Northern Africa, South Africa)