Orthokeratology (Ortho-K) Market Demand Getting High Rise Due to Increasing Prevalence Of Myopia And High Myopia Worldwide

Orthokeratology (Ortho-K) is a non-surgical procedure using specially designed contact lenses to gently reshape the curvature of the eye to improve vision. It is most frequently used to temporarily correct myopia (near-sightedness). Ortho-k can correct upwards of -6.00 diopters (D) of myopia. It is also useful in correction of lesser degrees of astigmatism, presbyopia and hyperopia. Overnight ortho-K lenses are most commonly used in comparison to daytime wear. According to the Eye Contact Lens journal 2016 data, in the U.S., an estimated 500,000 to one million people were using ortho-K, whereas nearly 1.5 million ortho-K wearers were reported in China. Developments in peripheral refraction testing in combination with customized lens design is expected to show better myopia control with ortho-K.

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The global orthokeratology market size was valued at US$ 37.6 million in 2017, and is expected to witness a CAGR of 7.0% over the forecast period (2018 – 2026).

Orthokeratology (Ortho-K) Market - Key Vendors Operating Global Market:
Key players operating in the global orthokeratology market include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.

Market Dynamics:
Increasing prevalence of myopia and high myopia around the world is the major factor driving the orthokeratology market growth. Myopia is the most common cause of correctable visual impairment among adults and children and is a leading cause of preventable blindness in emerging economies. According to a 2016, study published in National Center for Biotechnology Information (NCBI), myopia affects 1.89 billion people worldwide and it is projected to affect 2.56 billion people by 2020. Furthermore, myopia and high myopia will affect 52% (4,949 million) and 10.0% (925 million), respectively, of the world’s population by 2050.

Orthokeratology has become one of the most popular choices among children for refractive correction. However, with increasing adoption of Ortho-K worldwide, potential complications associated with the treatment have become a significant concern. Potential complications associated with Ortho-K include microbial keratitis, lens binding, and corneal staining. Microbial keratitis remains as the most serious and sight-threatening complication of Ortho-K. Moreover, increasing visibility of fibrillary lines, epithelial pigment deposit, and transient changes of corneal biomechanical properties are other clinically insignificant side effects of orthokeratology lens.

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Key features of the study:
• This report provides in-depth analysis of the orthokeratology market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017, as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
• It profiles key players in the global orthokeratology market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
• Key players covered as a part of this study include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.
• Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
• The global orthokeratology market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for orthokeratology market, research and consulting firms, new entrants, and financial analysts

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