Global Pachymeter Device Market Is Anticipated to Surge Approximately $26.1 Billion By 2030

The global pachymeter device market size was nearly $19.1 Billion in 2022 and is anticipated to surge to approximately $26.1 Billion by 2030 along with recording the highest growth rate of nearly 12.3% from 2023 to 2030.

A pachymetry is a painless monitoring used for determining the thickness of the cornea. It finds a plethora of applications in daily medical practices such as complimentary examination in glaucoma, determining potential refractive surgery, and identifying specific disorders occurring in the cornea. There are mainly two main kinds of pachymetry, namely, ultrasound, which makes use of sound waves for creating images and optical pachymeters which make use of microscopes.

Increase in the cases of glaucoma and eye-related disorders is set to bolster the growth of the global pachymeter device market. In addition to this, the rise in incidences of diabetic retinopathy will embellish the expansion of the market globally. As per the WHO (World Health Organization), in 2019, the number of persons having one or other kind of eye-vision disorder accounted for approximately more than 2 billion. For the record, nearly 1 billion subjects across the globe had untreated eye-vision disorders. Apart from this, technological innovations such as the creation of analysis software & image processing will proliferate the growth of the market across the globe.

Nevertheless, stringent legislation and inadequate coverage provided by public & private insurance companies for pachymeter procedures can decimate the expansion of the pachymeter device industry across the globe. However, the easy availability of ophthalmic care solutions in the developing countries of Asia and Africa will open new vistas of growth for the global pachymeter device industry, thereby offsetting the negative impact hindrances on the global industry.

The global pachymeter device market is sectored into product type, application, type, and region.

The product type segment of the pachymeter device market is sub-segmented into the drop-down flood barriers segment, self-closing flood barriers segment, flip-up flood barriers segment, and others segments. Furthermore, the drop-down flood barriers segment, which contributed more than 40% of the global market revenue in 2022, is slated to register the fastest CAGR of 4.1% during the forecast timespan. The segmental surge over 2023-2030 can be a result of beneficial features of the drop-down flood barriers such as safeguarding roller shutter entrances of doors from floods as well as protecting garage basements and storages from floods.

In terms of application, the pachymeter device industry across the globe is divided into glaucoma diagnosis and refractive surgery segments. Furthermore, the glaucoma diagnosis segment, which contributed majorly towards the global market share in 2022, is set to record the highest gains over the forecast timespan. The growth of the segment in the upcoming years can be owing to the escalating need for quick diagnosis & treatment of glaucoma for helping the vision from getting worsened further. Moreover, pachymetry helps in monitoring the intraocular pressure with high accuracy, thereby steering the segmental growth.

Based on the type, the global pachymeter device market is divided into ultrasound method and optical method segments.

North America, which contributed more than 60% of the global pachymeter device market share in 2022, is projected to lead the regional market expansion over the forecast timespan. The regional market surge over 2023-2030 can be owing to an increase in the penetration of pachymeter equipment in the hospitals and clinics in the nations including Canada and the U.S. along with the presence of robust healthcare services in these nations.

In addition to this, the pachymeter device industry in the Asia-Pacific region is slated to record the highest growth rate of about 8.1% in the forecasting years. The regional market growth over the forecast timeline can be credited to a rise in the disposable income of the end-users coupled with surging awareness among the population about the diagnosis of eye disorders in the preliminary phase.

Browse the full “Pachymeter Device Market By Product Type (Handheld Type and Non-Handheld Type), By Type (Ultrasound Method and Optical Method), By Application (Glaucoma Diagnosis and Refractive Surgery), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/pachymeter-device-market

Recent Breakthroughs

• In the second half of 2022, NIDEK Co., Ltd., a key industry player in the design, production, and distribution of ophthalmic, lens, and optometric edging devices, introduced NT-1p non-contact pachymeter. The initiative will boost the expansion of the pachymeter device market across the globe.
• In the second half of 2020, Occuity Ltd., a UK-based firm manufacturing optical healthcare monitoring & screening devices, declared the launching of the world’s first handheld optical non-contacting pachymeter in the November of 2021 at MEDICA 2021. The new product referred to as PM1 pachymeter can be used in determining the thickness of the corneal with the help of a micrometer level of precision. The strategic move is likely to increment the demand for pachymeter in the UK and across the European continent.

The global pachymeter device market profiles key players such as:

• Quantel Medical (France)
• Tomey Corporation (Japan)
• Reichert Inc. (U.S.)
• Optovue Incorporated (U.S.)
• DGH Technology Inc. (U.S.)
• Topcon (Japan)
• Sonomed Escalon (U.S.)
• MicroMedical Devices (MMD) Inc. (U.S.)
• Ophtec BV (Netherlands)
• AMETEK Inc. (U.S.)
• Zeiss International (Germany)
• OCULUS (Germany)
• Bausch & Lomb Incorporated (Canada)
• CSO (Ireland)
• NIDEK Co. Ltd. (U.S.)
• Essilor (France).

The global pachymeter device market is segmented as follows:

By Product Type

• Handheld Type
• Non-Handheld Type

By Type

• Ultrasound Method
• Optical Method

By Application

• Glaucoma Diagnosis
• Refractive Surgery

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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