Corneal Pachymetry Market Research Key Players, Industry Overview and Forecasts to 2026

Global Corneal Pachymetry Market: Overview

Pachymeter is a medical device used to measure corneal thickness. It is also used to determine endothelial pump and corneal barrier functions. Moreover, it helps in determining intraocular pressure in case of glaucoma. Corneal thickness greater than 640 µm increases the risk of corneal decompensation. Ultrasound and optical pachymeters are the two devices used to perform pachymetry. Ultrasound pachymetry helps in locating endothelial and epithelial layers using high frequency sound waves. Fuch's dystrophy is a medical condition characterized by rise in corneal fluid, which in turn increases corneal thickness. Additionally, wearing contact lenses can cause corneal swelling.

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Global Corneal Pachymetry Market: Key Trends

Rise in prevalence of glaucoma and eye-related disorders is projected to drive the global corneal pachymetry market. Additionally, increase in awareness about eye care is anticipated to propel the global market during the forecast period. Rise in prevalence of diabetic retinopathy is another factor expected to augment the global corneal pachymetry market.

According to the Centers for Diseases Control and Prevention, glaucoma is the second leading cause of blindness across the world. According to the Bright Focus Foundation, 60.5 million glaucoma cases were reported in 2010 and the number is estimated to increase to 80 million by 2020. In 2015, NIDEK CO., LTD. launched TONOREF multifunctional device which increases the efficacy and patient comfort due to multiple measurement. This product launched enabled the company to maintain its leadership position in the market. However, inadequate reimbursement coverage for pachymetry and stringent government regulations are likely to restrain the global corneal pachymetry market.

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Global Corneal Pachymetry Market: Segmentation

The global corneal pachymetry market can be segmented based on type, application, end-user, and region. In terms of type, the market can be bifurcated into ultrasonic and optical. The ultrasonic segment dominated the market in 2017 due to rise in prevalence of glaucoma and eye-related disorders. Based on application, the global corneal pachymetry market can be classified into refractive surgery and glaucoma diagnostics. The glaucoma segment accounted for the larger share of the global market in 2017 due to rise in prevalence of glaucoma among the geriatric population. In terms of end-user, the market can be categorized into clinics, hospitals, and others.

Global Corneal Pachymetry Market: Regional Analysis

The global corneal pachymetry market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017 due to factors such as presence of key players and early adoption of advanced technology. According to National Eye Institutes, 2.72 million people in U. S. were affected by glaucoma in 2010 and the number is expected to increase 6.3 million by 2050.

The market in Europe is projected to witness strong growth due to rise in prevalence of glaucoma. According to the State of Nation Eye Health (U.K), in 2016, glaucoma accounted for 7% of the cases of vision loss in the U.K. The corneal pachymetry market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to increase in cases of glaucoma and eye-related disorders. According to the International Agency for the Prevention of Blindness, an estimated 17 million individuals had glaucoma in Asia in 2013 and the number is likely to reach 33 million by 2040.

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Global Corneal Pachymetry Market: Competitive Landscape

The global corneal pachymetry market is highly fragmented due to presence of large number of players. A large number of manufacturers hold prominent market share in respective regions. Key players operating in the global market are MicroMedical Devices, Inc. (MMD), NIDEK CO., LTD., OCULUS, Quantel Medical, Optovue, Incorporated, DGH Technology, Inc., Tomey Corporation, Sonomed Escalon, and OphthalmologyWeb.

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