Burlingame, Feb. 13, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global tonometry device market is estimated to be valued at US$ 109.68 million in 2022 and is expected to exhibit a CAGR of 6.1% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Tonometry Device Market:
Major players operating in the market are focusing on adopting strategies such as partnership and agreements, which is expected to drive the market growth over the forecast period. For instance, in June 2020, Infineon Technologies AG, a Germany-based semiconductor manufacturer, announced that its Silicon Valley Innovation Center (SVIC) had entered into a new agreement with Blumio, a manufacturer of medical devices, to jointly develop a wearable, non-invasive blood pressure sensor based on the XENSIV radar chipset to be developed by Infineon by 2021.
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Key Market Takeaways:
The global tonometry device market is expected to exhibit a CAGR of 6.1% during the forecast period due to increasing prevalence of non-communicable diseases such heart failure, arteriosclerosis, etc. For instance, according to an article published by the National Center of Biotechnology Information (NCBI) in February 2020, non-communicable diseases (NCDs) are the second leading cause of death in sub-Saharan Africa (SSA), accounting for approximately 35% of all deaths, after a combination of communicable, maternal, neonatal, and diet-related diseases.
Among Applications, Arteriosclerosis segment is expected to hold a dominant position over the forecast period, owing to increasing product offerings by the key players for developing drugs and vaccines. For instance, market players such as Millar, a medical device company is offering Pulse Wave Tonometer, which provides a simple, non-invasive assessment of the cardiovascular system by providing high-fidelity blood pressure waveforms through direct skin contact with the carotid, femoral, or radial artery specially for the treatment of arteriosclerosis.
On the basis of end user, hospitals segment is expected to hold a dominant position over the forecast period, owing to increasing number of cardiac surgeries is expected to boost growth of segment over the forecast period. As arterial tonometry is a method for assessing arterial stiffness and has become a valuable tool in cardiovascular risk stratification. For instance, according to an article published by New Jersey Department of Health in August 2022, in New Jersey, heart disease is the leading cause of death with 18,716 deaths in 2019.
Competitive Landscape:
Key players operating in the global tonometry device market include ATCOR, Millar, OMRON HEALTHCARE Co.,Ltd., DAEYOMEDI, MedTach, Itamar Medical Ltd., DiaTecne s.r.l., Alam Medical, Cardiovascular Engineering Inc., OCULUS, Keeler, Haag-Streit Group, SunTechMedical, Inc., Osypka Medical and Shenzhen Mindray Bio-Medical Electronics Co Ltd.
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Market Segmentation:
- Global Tonometry Device Market, By Device Type:
- Applanation Tonometers
- Pascal Dynamic Contour Tonometers
- Rebound Tonometers
- Indentation Tonometers
- Global Tonometry Device Market, By Application:
- Heart failure
- Hypertension
- Arteriosclerosis
- Others (COPD
- Diabetes etc.)
- Global Tonometry Device Market, By End User:
- Hospitals
- Specialty Clinics
- Others
- Global Tonometry Device Market, By Region:
- North America
- By Country
- U.S.
- Canada
- By Country
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- By Country
- Africa
- By Region/Country
- South Africa
- Central Africa
- North Africa
- By Region/Country
- North America
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