IMARC Group's report titled "Orthokeratology Lens Market Report by Product Type (Day-Time Ortho-K-Lenses, Overnight Ortho-K-Lenses), Distribution Channel (Hospitals, Ophthalmic Clinics, Optometry Clinics, and Others), Application (Myopia, Presbyopia, Hypermetropia, Astigmatism), and Region 2024-2032", The global orthokeratology lens market size reached US$ 730.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,418.5 Million by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/orthokeratology-lens-market/requestsample
Factors Affecting the Growth of the Orthokeratology Lens Industry:
- Myopia Epidemic:
The myopia epidemic refers to the increase in the prevalence of myopia worldwide, particularly among young individuals. As more people are developing myopia at an early age, there is a growing demand for ortho-k lens. In addition, ortho-k lenses offer a non-surgical approach to myopia management. They allow individuals to correct their myopia and slow down its progression without resorting to surgical procedures like LASIK. This appeals to parents and patients who are concerned about the safety and long-term effects of surgery, especially for children.
- Safety and Non-Invasiveness:
Ortho-k is considered a low-risk method of vision correction. Unlike surgery, which carries potential risks and complications, ortho-k involves wearing specialized contact lenses at night, minimizing the likelihood of adverse effects or complications. Moreover, ortho-k is a reversible treatment. If a patient decides to discontinue using ortho-k lenses, their cornea will return to its original shape over time. This reversibility provides patients with flexibility and peace of mind. Additionally, ortho-k lenses are suitable for children and adolescents with myopia. Parents often prefer non-invasive options for the vision correction of their children, and ortho-k meets this requirement effectively.
- Advancements in Lens Technology:
Modern ortho-k lens materials are designed to have high oxygen permeability, allowing for improved corneal health and comfort during overnight wear. This advancement minimizes the risk of corneal complications and enhances the safety of ortho-k treatment. Technological advancements are enabling eye care professionals to create highly customized ortho-k lenses tailored as per the unique corneal shape and prescription of each patient. This precision leads to better visual outcomes and greater patient satisfaction.
Leading Companies Operating in the Global Orthokeratology Lens Industry:
- Alpha Corporation Inc. (Menicon Co. Ltd.)
- Art Optical Contact Lens Inc.
- Bausch & Lomb Incorporated, Brighten Optix.Co
- Coopervision Inc. (The Cooper Companies Inc.)
- Euclid Vision Corporation
Orthokeratology Lens Market Report Segmentation:
By Product Type:
- Day-Time Ortho-K-Lenses
- Overnight Ortho-K-Lenses
Overnight ortho-k lenses represent the largest segment due to their effectiveness in myopia control and the convenience they offer as wearers can experience clear vision during the day without the need for glasses or daytime contact lenses.
By Distribution Channel:
- Hospitals
- Ophthalmic Clinics
- Optometry Clinics
- Others
Hospitals account for the majority of the market share as orthokeratology lens fitting and management often require the expertise of eye care professionals based in hospital settings to ensure proper patient care and follow-up.
By Application:
- Myopia
- Presbyopia
- Hypermetropia
- Astigmatism
Myopia exhibits a clear dominance in the market, driven by the rising prevalence of myopia, leading to a growing demand for orthokeratology lenses as a non-invasive myopia management option.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys the leading position in the orthokeratology lens market on account of increasing awareness among patients and eye care professionals about the benefits of ortho-k lenses.
Global Orthokeratology Lens Market Trends:
The increasing public awareness of ortho-k as an effective vision correction option is positively impacting the market. Furthermore, continuous research and development (R&D) efforts are driving technological advancements in ortho-k lens materials, manufacturing methods, and fitting procedures.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments