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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.

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.

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.

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

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3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Corneal Pachymetry Market

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