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Orthokeratology Market Study 2019: Impressively growing Opportunities With Key Companies Autek China, Alpha Corporation, Bausch and Lomb, Euclid Systems, E & E Optics, Essilor International

03-18-2019 07:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Orthokeratology

Orthokeratology

CoherentMarketInsights.com Publish a New Market Research Report On –“ Orthokeratology Market 2019 Global Analysis By Key Players – Autek China, Alpha Corporation, Bausch and Lomb, Euclid Systems, E & E Optics, Essilor International.”.

Manufacturers in orthokeratology market are majorly investing in development of progressive technologies and expert resources. For instance, in 2018, Euclid Systems Corporation introduced Emeraldä163 Ortho-K contact lens, featuring a hyper Dk lens material with outstanding oxygen transmissibility for optimal ocular health. Moreover, Paragon Vision Sciences’ Corneal Refractive Therapy (Paragon Z CRT) launched in 2002, and Bausch and Lomb’s Vision Shaping Treatment (VST) lenses launched in 2004, are the two major products available in the market so far.

Key Takeaways of the Orthokeratology Market:

The global orthokeratology market is expected to expand at a CAGR of 7.0% during the forecast period (2018–2026), owing to increasing cases of myopia worldwide.

Among region, the Asia Pacific is expected witness growth at highest rate, owing to increasing prevalence of myopia in East Asian countries including China, Japan, and South Korea among others.

Major 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.

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Orthokeratology improves blurry vision without need of glasses, contact lenses, and corneal reshaping surgery such as photorefractive keratectomy (PRK) and laser-assisted in situ keratomileusis (LASIK). Moreover, it is cost-effective as compared to laser surgeries. Orthokeratology contact lenses are gaining significant traction with the method of slowing the progression of myopia in children. It is an alternative method to correct refractive errors using custom-designed rigid lenses, which modify the curvature of cornea for short duration. In recent years, the most common clinical application of ortho-k is for the reduction of myopia through corneal flattening.

According to the Association of Optometrists, most orthokeratology lenses are suitable for myopes between -1.00 and -4.00 and Cylinder value (cyls) to 1.50 and 0.75. Latest available product in market can correct high levels of myopia, potentially up to -10.00, and cyls to 2.50. In 2016, GP Specialists developed an advanced ortho-k lens iSee design shown to correct patients with high myopic powers. OrthoK in general is a safe option for myopia correction and retardation. However, the long-term success of the treatment depends on a combination of multiple factors including proper fitting of the lenses, rigorous compliance to lens use and care regimen, adherence to routine follow-ups, and timely and appropriate treatments to complications.

These lenses are prescribed to correct refractive errors primarily nearsightedness, astigmatism, and hyperopia. In some cases, ortho-k is also used to correct presbyopia and to slow the progression of childhood myopia. According to a study published by American Academy of Optometry 2015, use of orthokeratology lenses led to a consistent reduction in myopia progression of around 45% for a period of two-year and 30% over five years, in terms of axial length.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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