Orthokeratology Lens Market 2021-2027 Growth Demand, COVID-19 Impact Analysis And Future Challenges

Precision Business Insights published a research report on "Orthokeratology Lens Market By Type (Boston Material, Paragon Material, and Other Material), By Application (Teenagers and Adults), Sales channel (Direct channel and Distribution channel), and Geography - Global/Region/Country Forecast to 2027".

Orthokeratology (Ortho-k) is a procedure that involves temporarily reshaping the outline of the cornea with specially constructed contact lenses in order to alleviate myopia (nearsightedness). It is a non-surgical method that, when compared to laser eye surgery, has a lower risk. To correct or control myopia, ortho-k lenses are also known as corneal reshaping contact lenses or nighttime contact lenses. Nearsightedness, astigmatism, and hyperopia are the most common refractive defects treated with these lenses. Ortho-k can also be used to correct presbyopia and halt the progression of infantile myopia in some situations. As per a study published in 2015 by the American Academy of Optometry, wearing orthokeratology lenses resulted in a continuous decrease in myopia progression of 45 percent over two years and 30 percent over five years in terms of axial length.

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The increase in the number of people with refractive defects around the world is a major element driving the orthokeratology industry. According to a study published in the journal Ophthalmology, the number of persons suffering from vision loss owing to excessive myopia is expected to rise sevenfold between 2000 and 2050, with myopia becoming a leading cause of permanent blindness worldwide. Around 35% of the worldwide people is myopic at the moment. According to the estimate, by 2050, roughly 55 percent of the world's population would be myopic or short-sighted. If the current scenario continues, an estimated 1 billion individuals, or one-fifth of the population, will be at threat of blindness. In the future years, demand for orthokeratology operations to treat refractive problems also including hyperopia, myopia, and astigmatism is predicted to rise due to continued global demographic trends of people having refractive defects such as hyperopia, myopia, and astigmatism. Furthermore, the ortho-k procedure's cheaper cost compared to LASIK is expected to boost market growth. Ortho-k costs in the United States typically vary from $1,500 to 2,500 dollars for both eyes, making it nearly half the expense of LASIK. In tough circumstances, therefore, the cost of ortho-k could reach US$ 4,500.

The global orthokeratology lens market can be fragmented based on end-user, application, and region. On the basis of application, the market can be categorized into presbyopia, myopia, hyperopia, and astigmatism. On the basis of end-user, the orthokeratology market can be segregated into ophthalmology clinics, hospitals, and others.

Owing to continuing investment for the research of innovative treatments for the treatment of opthalmological disorders, North America dominated the global the worldwide orthokeratology market. Europe and Asia Pacific are the next two regions after North America. In Asia Pacific, an increase in the number of people with refractive defects also including myopia, hyperopia, and other conditions is expected to boost the market in the coming years.

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some of the major players key players in the global orthokeratology lens market, which Procornea , Bausch & Lomb Incorporated (US), CooperVision (US), CE GP Specialists (US), Menicon Co., Ltd (Japan), Visioneering Technologies, Inc. (VTI) (Georgia), Brighten Optix (Taiwan), Alcon, Inc. (Texas), CONTAMAC (Essex), Euclid Systems Corporation (Virginia)

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