The Tonometer Industry Was 181.05 Million USD In 2017 And Is Projected To Reach 268.84 Million USD By 2025
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The Tonometer industry was 181.05 million USD in 2017 and is projected to reach 268.84 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.07% between 2017 and 2025. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
Tonometer is an instrument used for the determination of the intraocular pressure or the pressure of the fluid within the eye. Tonometer is equipped to measure the intraocular pressure by determining the resistance of the cornea to indentation. The normal intraocular pressure ranges from 12 to 22 mm Hg according to the Glaucoma Research Foundation, and the tonometer measures in units of "mmHg" which is the unit used to record eye pressure. Glaucoma is an eye disease in which the optic nerve is damaged. The buildup of the pressure of the extra fluid inside the eye damages the optic nerve, and if this is left unattended, it may first cause peripheral vision loss and could lead to permanent loss of vision.
The key players are Topcon, Haag-Streit, Reichert, Keeler (Halma), Nidek, Icare (Revenio), Kowa, Tomey, Canon, Huvitz, Marco Ophthalmic, Rexxam, OCULUS, CSO, Ziemer, Diaton, 66Vision, Suowei, Suzhou Kangjie, MediWorks and so on.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.