Orthokeratology Lens Market Overview:
The Orthokeratology Lens market is predicted to develop at a compound annual growth rate (CAGR) of 15.3%from 2024 to 2033, when it is projected to reach USD 2,352.5 Million, based on an average growth pattern. The market is estimated to reach a value of USD 782.1 Million in 2024.
A specific type of gas-permeable lens called an orthokeratology lens is intended for use by people of all ages. Additionally, patients who wear these goods during the day are able to refrain from donning spectacles or contact lenses. In any case, a plethora of clinical research has shown that one of the most effective strategies for slowing down the onset of childhood myopia is to use an orthokeratology lens.
While the wearer is asleep, Ortho-K, or specially made contact lenses, are worn over night to temporarily straighten the cornea and improve eyesight. By gradually flattening the cornea, these lenses reduce refractive defects such astigmatism, near-sightedness, and occasionally farsightedness.
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Market Growth Factors:
An increase in the frequency of refractive errors may spur global market expansion.
Growing prevalence of refractive defects such as astigmatism, myopia, and hyperopia among people worldwide would help the global orthokeratology lens market expand. The respondents' growing awareness of the product's benefits will drive trends in the global market. In addition, the growing inclination towards non-invasive techniques for vision correction may increase the need for orthokeratology lenses in the upcoming years.
The patient has a number of alternatives for refractive error correction treatments, including glasses, LASIK surgery, and other procedures. These alternative therapies, however, are only effective in controlling myopia; they have no effect on the rate at which myopia advances. Recent research indicates that early intervention with orthokeratology can halt the progression of myopia in youngsters.
Market Limitations:
Over the projected timeline, a lack of reimbursement policies could impede the global industry's expansion.
The growth of the orthokeratology lens market will be restrained by the absence of reimbursement guidelines for orthokeratology therapy and the exorbitant costs associated with fitting and post-fitting orthokeratology lenses. In addition, the product's adverse effects, which include glare, dry eyes, itching in the eyes, and blurred vision, have caused users to use it less, which has decreased demand for it on the worldwide market.
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Orthokeratology Lens Industry: Opportunities
The need for orthokeratology lenses is expected to increase due to an aging population and increased digital screening that causes eyesight or ocular diseases. In the upcoming years, this will in turn create new potential opportunities for the worldwide orthokeratology lens market. In addition, the companies are attempting to broaden the range of products they offer to address corneal conditions like myopia and astigmatism. This will expand the need for orthokeratology lenses even more in the upcoming years.
Market Segments:
Market: By Type Analysis
The Orthokeratology Lens Market is divided into two categories based on type: Daytime Lens and Overnight Lens. In 2024, the Overnight Lens segment will hold the highest proportion, approximately 57%.
By Age Group
- Children
- Adults
By Application
- Myopia
- Astigmatism
- Others
By End-user
- Optometrist Offices
- Hospitals
- Ophthalmology Clinics
- Others
Geographically Analysis of this market:
Projection for the Asia-Pacific Market
With a market share of more than 47%, Asia Pacific leads the Orthokeratology Lens Market in terms of revenue generation. The need for orthokeratology lenses is driven by increasing urbanization, rising disposable income, and technological improvements. Leading the way in response to rising rates of myopia are China and Japan, both of which have sizable populations and robust manufacturing capacities.
Market Statistics for North America
The need for orthokeratology lenses is driven by rising myopia prevalence and technological improvements, making North America the second-largest market for these lenses. Adoption is further boosted by expanding awareness campaigns, with the US leading the way thanks to its developed infrastructure and important players.
Market Forecasts for Europe
Throughout the course of the forecast period, Europe is anticipated to develop at the fastest rate among the regional Orthokeratology Lens market segments. The rise in myopia cases, lifestyle preferences, and favourable laws are driving the market for orthokeratology lenses.
Key Market Players:
- Brighten Optix. Co
- Euclid Systems Corporation
- Bausch Lomb Incorporated
- Johnson Johnson Services, Inc.
- TruForm Optics Inc.
- Art Optical Contact Lens, Inc.
- The Cooper Companies Inc.
- Menicon Co., Ltd.
- Other
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