The global tonometry market was valued at around US$ 307.6 Million at the end of 2021. The market is projected to register a 5.5% CAGR and top a valuation of US$ 524.4 Million by 2032.
The extensive use of applanation tonometry in healthcare facilities and the growing prevalence of glaucoma are encouraging the growth of the tonometry industry.
A portable medical device known as a tonometer is used to measure the intraocular and fluid pressure in the eye. It consists of flat-tipped probes with a metal plunger that is softly rubbed on the surface of the eye. It is used to diagnose and assess individuals who are at risk of developing glaucoma, which in severe situations can harm the optic nerve and cause blindness. Tonometers reduce the danger of acquiring infections and corneal abrasions and do not require fluorescein dye or topical anesthetic for use.
Attributes
Details
Tonometry Market Value in 2021
US$ 307.6 Million
Tonometry Market Value in 2032
US$ 524.5 Million
Tonometry Market CAGR (2022 to 2032)
5.5%
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What are the Major Drivers Boosting the Demand for Tonometry Market?
The market for tonometers is predicted to grow over the coming years as a result of the rapidly expanding geriatric population, rising life expectancy, and dropping mortality rates. Glaucoma is more likely to affect people over the age of 60, and the risk rises annually after age 40. The market is anticipated to experience growth in the coming years due to rising patient awareness of the importance of early diagnosis and consistent intraocular pressure (IOP) monitoring to prevent avoidable vision loss.
Over the course of the forecast period, an increase in glaucoma screening programs conducted by the; public and healthcare organizations are anticipated to support market expansion. Glaucoma has no obvious symptoms, so the only way to catch it early is to have regular eye checkups. The need for tonometers is driven by the rise in awareness of glaucoma and its effects on vision brought on by the growing number of eye checkup camps. Increased eye screening programs are also anticipated to boost market expansion.
Which Region Shows Strong Growth Potential in the Tonometry Market?
Due to the presence of key players, simpler reimbursement policies, and the rising prevalence of glaucoma, North America accounted for the highest share of the worldwide tonometry market and is anticipated to continue to do so.
The European market is also anticipated to grow at a rapid pace, due to the increasing prevalence of glaucoma risk factors such as diabetes, myopia, and hypertension is further expected to drive the growth.
The East Asia region is also expected to uplift the revenue of the tonometry market owing to the vast presence of the geriatric population in the region.
