Orthokeratology Market to Extent an Assessed Value of US$ 88 million by 2028

Orthokeratology has been considered to facilitate the elimination of contact lens related vision problems, providing patients with the freedom to experience an active lifestyle. While this factor will continue to play a pivotal role in growing adoption of Ortho-K lenses, Future Market Insights has discovered a few other factors that are likely to impact the growth of orthokeratology market in near future. In a recently released report, titled “Orthokeratology Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018–2028,” the performance of global market for orthokeratology is assessed for a 10-year period 2018-2028.

Increasing online efforts in patient education and awareness about Ortho-K, coupled with an intensifying rate of success of orthokeratology lenses in recent years, is expected to strengthen the prospects for global orthokeratology market, over the next decade. The market is likely to witness a promising CAGR of 7.4%; whereas, the global revenue is anticipated to reach beyond US$ 88 million by the end of 2028.

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While increasing prevalence of myopia stands as a key factor impacting the market growth, several advantages of Ortho-K lenses over the conventional contact lenses have been recognized to be pushing adoption of orthokeratology among sports persons. A few restrictions arising in case of LASIK surgery will also be reportedly responsible for growing inclination for Ortho-K. On the flipside, the adoption of orthokeratology lenses among the myopic patient is less than 0.5%, which is a major factor deterring the growth of the market. In few under developing economies, patient are not able afford the high cost of ortho-k lenses and also the high fees of ophthalmologists and optometrists which will also deter the growth of market to some extent.

Myopia Continues to Remain the Most Influencing Indication, Accounting for a Major Revenue Share

Myopia is expected to remain a key indication driving the demand for orthokeratology, worldwide. With over 70% share of the total market value estimated for 2028, myopia will also provide an extensive scope for innovation opportunities. Hyperopia, followed by astigmatism, will represent the next key indicative factor, which is anticipated to drive market growth over the forecast period.

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Demand from Optometry Clinics Accounts for a Share that Equates More than Half of the Market Value

Among all distribution channels, optometry clinics will reportedly continue to generate the maximum demand for Ortho-K, accounting for a share of more than 50% to the total market value through 2028. Ophthalmic clinics are expected to hold a decent revenue share throughout the assessment period, whereas hospitals are likely to emerge as the most opportunistic distribution channel.

MEA Still Struggles through Low Awareness Level

North America and Europe, which represent the key regional markets, will reportedly account for a collective value share of around 60% through 2028. Asia Pacific excluding China and Japan is slated for modest growth, whereas MEA will continue to witness sluggish growth rate owing to relatively lower consumer awareness about availability and use of Ortho-K lenses.

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Orthokeratology Market Reports - Table of Contents

1. Executive Summary
2. Market Introduction
3. Global Economic Outlook
4. Market Background
5. Macroeconomic Assumptions
6. Forecast Factors – Relevance and Impact
7. North America Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
8. Western Europe Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
9. Eastern Europe Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
10. Latin America Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
11. APECJ Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
12. China Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
13. Japan Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
14. Middle East and Africa Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
15. Market Structure Analysis
16. Competition Landscape
17. Global Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028 By Region
18. Global Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028, By Indication
19. Global Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028, By Distribution Channel
20. Global Orthokeratology Market Analysis 2013–2017 and Forecast 2018–2028
21. Assumptions and Acronyms Used
22. Research Methodology

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