Orthokeratology Lenses Market Analysis | Global Industry Size, Share, Growth, Key Companies Trends & Forecast 2020-2028

According to a new market research report published by sheer analytics and insights, “The Global Orthokeratology Lenses Market was $43 Million in 2020, and it is expected to reach $76 Million by 2028. It is eventually growing at a commendable high compound annual growth rate CAGR of 7.4% between 2020-2028, as per the latest market research report titled Global Orthokeratology Lenses Market - Industry analysis, size, share, growth, trends, and forecast, 2020-2028.

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Orthokeratology is also precisely known as ortho-k, overnight vision correction therapy, and corneal refractive therapy (CRT). It is a non-surgical process utilized to fix refractive errors by reforming the curvature of the cornea to enhance visibility. This is a temporary treatment used for myopia hypermetropia and other eye patients. The major driving factors fueling market growth are increasing cases of myopia across the globe. Moreover, a rising geriatric population that is prone to frequent eye problems, and growing short-sightedness eye problems in adults and children due to high usage of smartphones, laptops, and tablets are projected to trigger the market growth over the forecast period. However, the accessibility of alternate treatment procedures and risk associated with orthokeratology is projected to restrict the market growth to some extent. Apart from this, the rising population across the world and growing healthcare system in numerous countries across the world is anticipated to offer significant market opportunity in the forecast period from 2020 to 2028.

The primary key players in the Orthokeratology Lenses Market include Bausch & Lomb Incorporated, CooperVision, CE GP Specialists, Menicon Co., Ltd, Procornea (CooperVision), Euclid Systems Corporation, Visioneering Technologies, Inc., Brighten Optix, Alcon, Inc., and CONTAMAC.

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The Global Orthokeratology Lenses Market Has Been Segmented into:

By Material Type
Silicone Acrylate
Fluorosilicone Acrylate
Fluorocarbon Acrylate

By Application Type
Myopia
Hyperopia
Astigmatism
Presbyopia

By End User Type
Hospitals
Ophthalmic Clinic
Others

By Geography Type
North America
Europe
Asia Pacific
Latin America,
Middle East & Africa

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This release was published on openPR.