Ophthalmic Tonometers Market on the Cusp of a Technological Breakthrough; the Estimated to Surpass US$ 507.9 Million by 2033 at a CAGR of 4.8%

The sales of Ophthalmic Tonometers Market could rise at a CAGR of 4.8% from 2023 to 2033, according to FMI’s prediction. The market for ophthalmic tonometers is predicted to increase from US$ 317.7 million in 2023 to US$ 507.9 million by 2033.

The market is anticipated to increase over the next several years as a result of the rapidly expanding elderly population, rising life expectancy, and falling mortality rates. Glaucoma is more likely to affect people over the age of 60, and the risk rises annually after age 40.

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The food industries in the bulk of both developed and developing nations are thriving, which increases the population’s intake of unhealthy and sugar-filled foods and increases the risk of diabetes, heart disease, high cholesterol, and blood pressure. Many eye issues could result from this, which is likely to have a direct effect on other body parts and particularly the eye. The need for tonometers to measure ocular pressure is pushed by these aspects.

During the forecast period, the market is also anticipated to be driven by growing patient awareness regarding early diagnosis and routine intraocular pressure (IOP) monitoring to prevent needless vision loss. Tonometer usage rates in hospitals and clinics are anticipated to increase with the implementation of favorable reimbursement policies.

The rising number of glaucoma screening programs planned by the commercial, semi-public, and public healthcare sectors is anticipated to fuel market expansion over the forecast period. The only method to identify glaucoma early is through routine eye exams because it has no apparent symptoms. The need for ophthalmic tonometers is increased by the rise in the number of eye examination clinics, which promotes awareness of glaucoma and its effects on vision.

The increased use of applanation tonometry in healthcare facilities is also fueling market expansion. The test is widely used to determine intraocular pressure since it measures the amount of force required to briefly flatten a piece of the cornea. Also, rebound tonometry’s advancement is promoting market expansion. Children and individuals with impairments can use rebound tonometry, which helps with measurements at various corneal sites.

During the forecast period, North America is anticipated to lead the market as a whole. The existence of important companies, the high rate of glaucoma in the region, and the advanced healthcare network all contribute to the market growth. Moreover, encouraging government efforts and a rise in research collaboration numbers are a few of the variables anticipated to fuel market expansion.

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Key Takeaways

• The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.0% through 2033.
• The United States is expected to develop at a 5.6% CAGR during the forecast period.
• With a CAGR of 3.9% over the forecast period, Canada is predicted to develop promptly in the market.
• In China, the market is expected to proliferate, registering a CAGR of 7.2% over the forecast period.
• Germany is estimated to grow decently registering a CAGR of 5.8% until 2033.

Competitive Landscape

Key players in the ophthalmic tonometers market are Nidek Co., Ltd, Eicemeyer Veterinary Equipment Ltd., Metall Zug, Huvitz, Topcon, Revenue Group Oyo, Kiowa Group, 66 VISION TECH Co., Ltd., Photon Surgical Systems Ltd., Jorgensen Laboratories, Nanjing Redsun Optical Co., Ltd., and AMETEK, Inc. and others.

These market players are actively involved in a dynamic environment marked by intense competition, technological advancements, and strategic alliances. They are leveraging unique strategies to bolster their market share and maintain their competitive edge. These firms are successfully carving out a strong market niche through astute product differentiation, robust marketing campaigns, and insightful product development. They are driving growth in this complex and multifaceted industry by generating fresh value propositions and meeting consumer demands by utilizing substantial research and development capabilities.

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Recent Developments

• The NT-530/510 Non-Contact Tonometer was unveiled by Nidek Co., Ltd. It has advanced APC (Auto Puff Control), noise reduction, 3-D auto tracking, auto shoot, and auto completion functions.
• With the HNT-7000 tonometer from Huvitz, tonometry has become simpler and more accurate. It has full auto-tracking monitoring and corneal thickness control.

Key Segments of Ophthalmic Tonometers Industry Survey

By Product:

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

By Portability:

• Handheld Tonometers
• Desktop Tonometers

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By End Use:

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

By Region:

• North America Ophthalmic Tonometers Market
• Latin America Ophthalmic Tonometers Market
• Europe Ophthalmic Tonometers Market
• East Asia Ophthalmic Tonometers Market
• South Asia & Pacific Ophthalmic Tonometers Market
• Middle East & Africa (MEA) Ophthalmic Tonometers Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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