The orthokeratology lens global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Orthokeratology Lens Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The orthokeratology lens market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to myopia management, advancements in lens materials, demand for non-surgical vision correction, increased lifestyle convenience, pediatric vision correction.
The orthokeratology lens market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing myopia prevalence, customization and personalization, rising healthcare awareness, global expansion of orthokeratology services, rising disposable income. Major trends in the forecast period include technological innovations, integration with digital health platforms, collaboration with eye care professionals, advanced material technologies, smart and innovative designs.
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Scope Of Orthokeratology Lens Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Orthokeratology Lens Market Overview
Market Drivers –
The rising incidence of eye-related disorders is expected to propel the growth of the orthokeratology lens market going forward. Eye disorders, also known as eye conditions or ophthalmic conditions, refer to a wide range of medical issues and abnormalities that affect the eyes and their associated structures. Orthokeratology (Ortho-K) lenses are primarily used to correct refractive errors, such as myopia (nearsightedness), and to provide temporary vision correction without the need for eyeglasses or daytime contact lenses. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, about 20.5 million Americans over the age of 40, or 17.2% of the population, have at least one cataract. By 2028, it is estimated that 30 million individuals will have cataracts. Therefore, the rising incidence of eye-related disorders is driving the growth of the orthokeratology lens market.
Market Trends –
Major companies operating in the orthokeratology lens market are developing innovative products such as Menicon Z Night to increase their profitability in the market. Menicon Z Night is a particular kind of orthokeratology lens, a form of contact lens made to alter the cornea’s shape and lessen refractive problems such as myopia, hyperopia, and astigmatism. For instance, in May 2023, Menicon Co. Ltd., a Japan-based eyewear company launched an orthokeratology lens named Menicon Z Night. It is applied to short-term corneal reshaping and vision improvement. The lens is worn at night to treat myopia and/or astigmatism, and after one week of use, it effectively reduces myopia and gives steady vision. It is typically well-tolerated and the lens is fitted with the use of computer software to ensure a high first-fit success rate.
The orthokeratology lens market covered in this report is segmented –
1) By Product Type: Day-time Ortho-K Lenses, Overnight Ortho-K Lenses
2) By Lens Material: Silicone Acrylate, Fluorosilicone Acrylate, Fluorocarbon Acrylate
3) By Indication: Myopia, Presbyopia, Hypermetropia, Astigmatism
4) By Distribution Channel: Hospitals, Optometry Clinics, Ophthalmology Clinics, Other Distribution Channels
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Regional Insights –
North America was the largest region in the orthokeratology lens market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthokeratology lens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the orthokeratology lens market report are Essilor International, Johnson & Johnson Vision Care Inc., Alcon Inc., Bausch & Lomb Inc., CooperVision Inc., Orion Vision Group, Lucid Korea Co. Ltd., St. Shine Optical Co. Ltd., Autek China Inc., ABB Optical Group, Brighten Optix Co., E&E Optics Inc., Visioneering Technologies Inc., Alpha Corporation, Paragon Vision Sciences, Euclid Systems Corp., Contamac Ltd., SynergEyes Inc., Mark’ennovy Personalized Care Ltd., Art Optical Contact Lens Inc., GP Specialists Lens Inc., MiracLens LLC, TruForm Optics Inc., Corneal Lens Corporation, SwissLens S.A., Gelflex, Valley Contax Inc., Capricornia Contact Lens Pty Ltd., EyeKrafters Medical Optics, Metro Optics
Table of Contents
1. Executive Summary
2. Orthokeratology Lens Market Report Structure
3. Orthokeratology Lens Market Trends And Strategies
4. Orthokeratology Lens Market – Macro Economic Scenario
5. Orthokeratology Lens Market Size And Growth
…..
27. Orthokeratology Lens Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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