Tonometers Market 2021 Size, Share, Growth, and Covid-19 Impact by 2027

The Tonometers Market was worth USD 291.42 million in 2020, and it is predicted to grow to USD 399.53 million by 2026, with a CAGR of 5.60 percent between 2021 and 2026.

The COVID-19 epidemic has had an impact on the Tonometers Market, which is largely due to the lockdown imposed by various governments. Only emergency procedures are performed at ophthalmic centres or hospitals, and only minor procedures are performed. Furthermore, due to the pandemic, the availability of newer gadgets is temporarily hampered, as corporations have curtailed or halted device manufacture. The scenario is already having an impact on market players' income. For example, Alcon Inc., one of the world's leading companies, reported lower sales in its Q2 2020 report. In Q2 2020, the company's sales declined by 36% on a reported basis. In addition, the company's revenue for the six months ending in 2020 was USD.

In the projected period of 2020 to 2027, the Tonometers Market is expected to develop. The market will reach USD 0.557 billion by 2027, rising at a CAGR of 5.50 percent over the projected period. Increasing patient knowledge of the benefits of tonometers, which will open up more chances for market growth.

A tonometer is a device that allows eye doctors to measure intraocular pressure (IOP) inside the eye. IOP refers to the amount of fluid in the eye, whereas tonometry is a screening test used to see if a patient is at risk of glaucoma.

According to the Glaucoma Research Foundation (2019), glaucoma affects around 3 million Americans, with open-angle glaucoma affecting 2.7 million adults aged 40 and older. Glaucoma is one of the primary causes of blindness in Latin America, according to a study published in ARVO Journal 2020 by Gabriela Thomassiny et al. The risk of acquiring glaucoma is higher in Latin Americans. Around 75% of the affected population in this region is undiagnosed. Mexico is Latin America's second most populous country. According to the findings, there would be 2.5 million persons with glaucoma in Mexico in 2030, rising to 3 million in 2040 and 3.4 million in 2050.