Orthokeratology Market Size, Share Global Analysis Report, , 2021 – 2026

Industry Insights

According to the report published by the Facts & Factors, global demand for the orthokeratology market was estimated at approximately USD 2,100.4 Million in 2020 and is expected to generate revenue of around USD 3,510.4 Million by the end of 2026, growing at a CAGR of around 6.1% between 2021 and 2026.

Market Overview

Orthokeratology or Ortho-k refers to a process, which uses specially designed contact lenses for temporarily reshaping the outline of the cornea to lessen myopia (near-sightedness). It is a kind of non-surgical method that provides the advantage of reduced risk compared to refractive surgery. Also, the orthokeratology lens is called overnight contact lenses or corneal reshaping contact lenses for correcting or controlling myopia. Such lenses are prescribed for correcting the refractive errors, mainly near-sightedness, ahyperopia, and astigmatism.

Industry Growth Factor

The major factors like the increase in the prevalence of myopia and high myopia across the globe are driving the global orthokeratology market growth. Moreover, myopia is a main public health concern and high myopia is ranked second, as the primary cause for visual impairment at the global level. In addition, the onset of visual complications from myopia takes place earlier than other causes of blindness like cataracts and as a result, its impact on quality of life is as well observed earlier. Furthermore, the continuous usage of smartphones, laptops, and tablets is also causing digital eye strain, which results in eye damage permanently among kids and the young population base. This, in turn, is fuelling the global market expansion. Young people whose near-sightedness is gradually growing are the most appropriate candidate for orthokeratology, thus raising the demand for orthokeratology.

However, restraining factors such as the lack of training of practitioners and wearers, the onset of microbial keratitis, the improper fitting process, the poor compliance to lens care regimens, and the loss to routine follow-ups might slow down the global orthokeratology market growth in the coming years. Also, fitting orthokeratology lenses are a more lengthy procedure and need more skill than fitting regular contact lenses. Besides, orthokeratology lenses involve a series of visits and possibly many sets of lenses. As a result, it augments the overall treatment expenses, leading to a reduction in market growth.

Segmentation Analysis

The global orthokeratology market has been classified into lens type, application, and distribution channel. On the basis of the type of lens type, the global orthokeratology market has been classified into fluorosilicone acrylate, silicone acrylate, balafilcon, and Oprifocon A. Based on the application, the global orthokeratology market has been divided into myopia, presbyopia, hyperopia, and astigmatism. In terms of distribution channel, the global orthokeratology market has been segmented into hospitals, optometry clinics, ophthalmology clinics, and others.

Report Scope

Regional Analysis

The geographical split of the orthokeratology market comprises North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. In terms of the region, North America is dominating the global market of orthokeratology. The high growth in this regional market can be attributed to continuing funding for the development of new products in the treatment of ophthalmologic conditions, the rapid rise of childhood myopia, and the increasing demand for ophthalmologists in this region.

Moreover, the Asia-Pacific orthokeratology market is expected to have a significant market growth rate during the forecast period. This can be attributed to the increasing number of individuals with refractive errors such as hyperopia, myopia, others, along with the rapid augment of childhood myopia in the region. Also, the expanded usage of smartphones, laptops, and tablets which causes digital eyes to strain, leads to permanent damage to eyes among kids and the young population base that is also propelling the regional market growth. Besides, the European region is projected to create a major revenue share in the global orthokeratology market because of the growing burden of short-sightedness among the regional population.

Competitive Players

Major market players covered in the global orthokeratology market include

• Alpha Corporation
• Bausch and Lomb Inc.
• Art Optical Contact Lens Inc.
• Autek China
• Euclid Systems Corporation
• Essilor International S.A.
• E & E Optics
• GP Specialists Inc.
• Paragon Vision Sciences
• Taiwan Macro Vision Corporation
• The Cooper Companies Inc.
• Menicon Co. Ltd.
• TruForm Optics Inc.
• Contex Inc.
• MiracLens L.L.C.
• Procornea

By Lens Type Segment Analysis

• Fluorosilicone Acrylate
• Silicone Acrylate
• Balafilcon
• Oprifocon A

By Application Segment Analysis

• Myopia
• Presbyopia
• Hyperopia
• Astigmatism

By Distribution Channel Segment Analysis

• Hospitals
• Optometry Clinics
• Ophthalmology Clinics
• Others

Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa