Corneal Pachymetry Market - By Product Type (Handheld, Desktop), Technology (Ultrasonic Pachymetry, Optical Pachymetry, Scheimpflug Imaging Pachymetry), Application (Glaucoma Diagnosis, Refractive Surgery), End-Use & Global Forecast, 2024 – 2032
Report ID: GMI8691
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 248
Countries covered: 22
Pages: 130
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Corneal Pachymetry Market Size
Corneal Pachymetry Market size was valued at around USD 420.5 million in 2023 and is expected to reach around USD 680.3 million by 2032 at a CAGR of 5.8% between 2024 and 2032. The projected rise in the prevalence of eye disorders such as glaucoma and diabetic retinopathy is anticipated to be a key driver for the market.
The rising incidence of eye disorders, notably glaucoma, poses a substantial global health challenge, impacting both public health and healthcare systems. Factors such as aging population, ethnicity, lifestyle choices, chronic diseases, and genetic predispositions contribute significantly to the increase in glaucoma cases. Diabetic retinopathy and glaucoma stand as the primary contributors for blindness and vision impairment globally.
According to the data reported by Centers for Disease Control and Prevention (CDC), diabetic retinopathy ranks as the foremost cause of severe vision loss and blindness among working-age Americans. In 2021, an estimated 4.1 million Americans affected with retinopathy, with 899,000 facing vision-threatening stages of the condition.
Furthermore, glaucoma stands as a leading cause of irreversible blindness in the U.S. As of 2023, over 3 million Americans were affected by glaucoma with limited treatment and cure available for the disorders. Considering these statistics, the increasing prevalence of such conditions underscores the imperative for early detection of these conditions, driving an increased demand for corneal pachymetry devices.
Corneal pachymetry is a medical procedure used to measure the thickness of the cornea, which is the transparent outermost layer of the eye. This measurement is typically performed using specialized instruments called pachymeters, which utilize either ultrasound or optical principles to determine corneal thickness accurately.
Corneal Pachymetry Market Trends
Corneal imaging advancement, cornea diagnosis automation, and advanced technology integration are some of the trending innovations in the corneal pachymetry arena, which are anticipated to propel the market development.
Corneal Pachymetry Market Analysis
Based on product type, the market is segmented into handheld and desktop. The handheld segment is anticipated to reach USD 431 million by 2032.
Based on technology, the corneal pachymetry market is segmented into ultrasonic pachymetry, optical pachymetry and scheimpflug imaging pachymetry. The ultrasonic pachymetry segment held leading revenue of USD 227.1 million in 2023 and is anticipated to witness with a healthy growth rate over the forecast period.
Based on application, the corneal pachymetry market is segmented into glaucoma diagnosis, refractive surgery, keratoconus treatment monitoring and other applications. The glaucoma diagnosis segment was valued around USD 180.6 million in 2023.
The corneal pachymetry market by end-use is categorized into hospitals, specialty clinics, and other end-users. The hospital segment dominates the market with the revenue of around USD 189.9 million in 2023.
North America corneal pachymetry market accounted for USD 234.3 million revenue in 2023 and is anticipated to record substantial market growth.
Corneal Pachymetry Market Share
The market is highly competitive, with several major multinational firms competing for dominance alongside small and medium-sized businesses. A crucial aspect of market strategy is the ongoing development and launch of novel products that utilize the diverse technological advances.
Corneal Pachymetry Market Companies
Some of the eminent market participants operating in the corneal pachymetry industry include:
Corneal Pachymetry Industry News:
Corneal pachymetry market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product Type
By Technology
Market, By Application
By End-use
The above information is provided for the following regions and countries: