Corneal Pachymetry Market Size, Share, Growth Analysis, By Method Type(Ultrasonic Method and Optical Method), By Application(Glaucoma Diagnosis and Refractive Surgery), By End User(Hospitals, clinics) - Industry Forecast 2024-2031

Corneal Pachymetry Market Drivers

Awareness Regarding Corniel Diseases Rising

• Growing awareness of a number of health issues together with better understanding of symptoms and medical illnesses due to improved internet availability. In the long run, the need for corneal pachymetry will likely be facilitated by the expanding efforts to encourage early detection of eye-related health concerns by healthcare practitioners. For example, in January 2023, scientists at GROW laboratory unveiled a diagnostic kit that may be used to identify, treat, and forecast keratoconus, ocular inflammation, dry eye, and other conditions.

Lasik Surgeries

• The majority of people on the planet are really interested in getting rid of their glasses and undergoing laser treatment. This is compelling the government to intervene and establish a broad healthcare system for the general public. For example, in response to the growing demand for Lasik surgeries, a Lasik centre was established at the command hospital in Lucknow in November 2023. The need for corneal pachymetry in the global market is expected to increase significantly as more centres set themselves up to address blindness.

Corneal Pachymetry Market Restraints

Limited Health Insurance Backing

• The scarcity of health insurance plans, which limits patient access to necessary diagnostic procedures, presents serious problems for the corneal pchymetry market. A crucial instrument in ophthalmic diagnostics, corneal pachymetry analyses the cornea's thickness and helps diagnose and treat a number of eye diseases, such as keratoconus and glaucoma. However, many patients find it extremely difficult to obtain corneal pachymetry tests due to their high cost, especially in areas with sparse health insurance coverage.

Regulatory Hurdles

• The intricate regulatory environment governing medical devices and diagnostics presents challenges for the corneal pchymetry market. Strict legal regulations that differ between jurisdictions present difficulties for industry participants looking to enter new markets or grow their share of the pachymetry technology business. Adhering to regulatory requirements means making significant investments in R&D and obtaining regulatory permissions, which in turn causes delays in product launches and increases in operating expenses.