20-Jan-2022 | Facts and Factors
“Orthokeratology Market By Lens Type (Fluorosilicone Acrylate, Silicone Acrylate, Balafilcon, and Oprifocon A), By Application (Myopia, Presbyopia, Hyperopia, and Astigmatism), and By Distribution Channel (Hospitals, Optometry Clinics, Ophthalmology Clinics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the orthokeratology market in 2020 was approximately USD 2,100.4Million. The market is likely to grow at a CAGR of 6.1% and is anticipated to reach around USD 3,510.4 Million by 2026.
Orthokeratology is a type of procedure, which uses specifically designed contact lenses to reshape the cornea outline temporarily to reduce near-sightedness or myopia. In addition, it is a sort of non-surgical process that offers benefit of reduced risk comparing to the refractive surgery. Ortho-k lenses are also called as overnight contact lenses or corneal reshaping contact lenses to correct or control myopia and lenses are prescribed to correct refractive errors generally hyperopia, myopia, and astigmatism.
The growth of the global orthokeratology market can be attributed to the rising incidences of myopia and high myopia all around the globe. The incidence of myopia and high myopia is escalating across the globe at a major rate and are the leading cause for the visual impairment globally. Also, the longer use of laptops, tablets, and smartphones are causing digital eye strain resulting in eye damage permanently in kids and young population. This increases the demand for orthokeratology ultimately, propelling the expansion of global orthokeratology market.
On the other hand, the onset of microbial keratitis, the lack of compliance to lens care treatment, the poor assistance of practitioners and wearers, the improper fitting procedures, more time-consuming processes, the lost to routine follow-ups, and the high treatment expenditure are some aspects that will probably hamper the market development in the near future.
On the basis of region, the global orthokeratology market can be classified into North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa. North America is leading the global orthokeratology market owing to key factors such as the rising demand for ophthalmologists and the quick growing of childhood myopia in this region. Also, the continued funding in support of the development of novel products in the treatment of opthalmological conditions is fuelling the regional market expansion. The Europe orthokeratology market is anticipated to grow at a considerable growth rate as a result of the increase in the burden of short-sightedness among the people.
Asia-Pacific is likely to develop at a higher growth rate in the forthcoming years. This is due to the continued use of smartphones, laptops, and tablets among kids and the young population, which is causing digital eyes to strain, leading to permanent eye damage. Moreover, the rising cases of individuals with refractive faults like hyperopia, myopia, etc. is also likely to boost the regional market in the near future.
Art Optical Contact Lens Inc., TruForm Optics Inc., Autek China, MiracLens L.L.C., Alpha Corporation, The Cooper Companies Inc., Bausch and Lomb Inc., Menicon Co. Ltd., Euclid Systems Corporation, E & E Optics, Contex Inc., Essilor International S.A., Procornea, GP Specialists Inc., Taiwan Macro Vision Corporation, and Paragon Vision Sciences are several companies operating in the global orthokeratology industry.
Browse the full “Orthokeratology Market By Lens Type (Fluorosilicone Acrylate, Silicone Acrylate, Balafilcon, and Oprifocon A), By Application (Myopia, Presbyopia, Hyperopia, and Astigmatism), and By Distribution Channel (Hospitals, Optometry Clinics, Ophthalmology Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/orthokeratology-market
This report segments the global orthokeratology market as follows:
Global Orthokeratology Market: By Lens Type
- Fluorosilicone Acrylate
- Silicone Acrylate
- Balafilcon
- Oprifocon A
Global Orthokeratology Market: By Application
- Myopia
- Presbyopia
- Hyperopia
- Astigmatism
Global Orthokeratology Market: By Distribution Channel
- Hospitals
- Optometry Clinics
- Ophthalmology Clinics
- Others
Global Orthokeratology Market: Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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