Technological advancements are propelling market growth in North America
Geographically, tonometers market is classified under North America, Europe, Asia Pacific, Latin
America, and Middle East and Africa. North America is accounted for a significant share for the
global tonometers market. This is primarily due to the fact that the healthcare expenditure in
country like the U.S. is constantly growing, which in turn is expected to help the market for
tonometers to grow. Moreover, technological advancements are also on a peak in these
countries, which is expanding the product portfolio of tonometers. On the other hand, Asia
Pacific is anticipated to gain lucrative growth over the forecast period due to increasing
prevalence of diabetes in country like India. For instance, in 2015, 69.1 million people were
suffering from diabetes in India according to International Diabetes Federation.
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Some of the major players of the global tonometers market include Canon Inc., Icare Finland
Oy (Icare Finland is a part of Revenio Group Corporation), Topcon Corporation, HAAG-STREIT
GROUP, NIDEK CO., LTD. and Reichert Technologies among others. Inorganic growth strategies
are helping leading companies to obtain a competitive edge. Focus on enhancing product
portfolio and inorganic growth approaches are some of the key strategic initiatives undertaken
by these companies. In September, 2016, Icare launched Icare ic100 in order to expand its
product portfolio.
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