In a groundbreaking revelation, Future Market Insights (FMI) forecasts a remarkable upswing in the Global Ophthalmic Tonometers Industry. According to FMI’s latest prediction, the market is set to experience a compelling Compound Annual Growth Rate (CAGR) of 4.8% between 2023 and 2033. This growth trajectory is expected to propel the market value from US$ 317.7 million in 2023 to a staggering US$ 507.9 million by 2033.
The Global Ophthalmic Tonometers Industry’s remarkable expansion can be attributed to several key factors. Notably, the global elderly population is rapidly expanding, leading to a heightened demand for advanced eye care solutions. Additionally, increased life expectancy and declining mortality rates are contributing to a rising prevalence of eye conditions, with glaucoma being a notable concern.
Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-12687
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.
Ask from Market Research Expert
https://www.futuremarketinsights.com/ask-question/rep-gb-12687
Key Takeaways
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 0%through 2033.
- The United States is expected to develop at a6%CAGR during the forecast period.
- With a CAGR of 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 2%over the forecast period.
- Germany is estimated to grow decently registering a CAGR of 8% until 2033.
Competitive Landscape
Key players in the Global Ophthalmic Tonometers Industry 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.
Get Your Customized Impactful Report Now!
https://www.futuremarketinsights.com/customization-available/rep-gb-12687
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 Global 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
By End Use:
- Hospitals
- Ophthalmic Diagnostic Centers
- Veterinary Hospitals
- Veterinary Diagnostic Centers
By Region:
- North America Ophthalmic Tonometers Market
- Latin America Ophthalmic Tonometers Industry
- Europe Ophthalmic Tonometers Industry
- East Asia Ophthalmic Tonometers Industry
- South Asia & Pacific Ophthalmic Tonometers Market
- Middle East & Africa (MEA) Ophthalmic Tonometers Industry
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
