Orthokeratology lenses are specialized rigid gas-permeable contact lenses designed to temporarily reshape the cornea, the clear, dome-shaped front surface of the eye. They are primarily used for correcting and managing nearsightedness (myopia) to eliminate the need for glasses or contact lenses during the day.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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</b
The orthokeratology lens market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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