Global Orthokeratology Lens Market Share Likely to Grow At a CAGR of 6.95% By 2028 - Says Facts & Factors

According to Facts and Factors, the size of the global orthokeratology lens market was estimated to be worth approximately 625.83 million US dollars in 2021 and is expected to grow to approximately 1001.66 million US dollars by 2028. During the period covered by this estimate, it is anticipated that the global market for orthokeratology lenses will expand at a compound annual growth rate of around 6.95%.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/orthokeratology-lens-market

List of prominent players in the global orthokeratology lens market

Bausch & Lomb Inc.
Euclid Systems Corp.
CooperVision
Johnson & Johnson Vision Care, Inc.
Alpha Corporation (Menicon Group)
Brighten Optix, Co.
GP Specialists
TruForm Optics, Inc.
Art Optical Contact Lens, Inc.
MiracLens L.L.C.
Others 
Recent Developments:

Flattening the cornea by Ortho-K treatment is now the most common application of this technique, and it is employed mostly in clinical settings. Orthokeratology, also known as Ortho-K, is a non-invasive treatment option that can correct myopia, hyperopia, astigmatism, and presbyopia. At its core, Ortho-K is based on the idea of corneal replacement. Vision Shaping Treatment (also known as VST), along with Corneal Refractive Therapy, is a type of Ortho-K treatment that has been granted FDA approval (CRT). Patients who undergo orthokeratology are able to lead more active lives because the procedure helps to reduce vision abnormalities brought on by contact lenses.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/sample/orthokeratology-lens-market

It is projected that the expansion of the worldwide orthokeratology market will be driven in large part by this key factor. In addition, it is anticipated that the global market for orthokeratology will expand over the next few years due to an increase in the amount of education and information about Ortho-K that can be found online, as well as an increase in the number of recent successes stories involving orthokeratology lens use.

Myopia and especially extreme myopia are becoming more common in countries all over the world. Because it is the second biggest cause of visual impairment across the globe, high myopia is a significant problem for the public's overall health. Research conducted in 2016 by the National Center for Biotechnology Information (NCBI) found that myopia affects approximately fifty percent of the urban population in East Asia and ninety percent of the student population. Because it causes vision problems at an earlier age than other types of blindness, such as cataracts, myopia has a negative impact on quality of life far earlier than these other conditions.

According to a study that was conducted in 2018 and published in the Eye Contact Lens magazine, the cost of eye illnesses in the United States is over USD 139 billion, with approximately USD 16 billion going toward the correction of myopia alone. As a consequence of this, orthokeratology lenses and other methods for halting the progression of myopia and preventing it together are in high demand across the world.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/orthokeratology-lens-market

In addition, excessive use of electronic devices like cell phones, computers, and tablets can cause long-term damage to the eyes of younger people, particularly children and teenagers. Young persons who are experiencing a steady progression of their myopia are considered to be the ideal candidates for orthokeratology. It is projected that the accumulation of all of these factors would result in an increase in the demand for Ortho-K and will propel the worldwide orthokeratology market.

No one's physical, mental, or emotional status has improved as a result of COVID-19's treatment, and no one has received favorable treatment. People feel deep anguish since the epidemic has caused the deaths of loved ones in their families and communities. Workers' eyesight can be negatively impacted by working a variety of schedules, including early morning, lunchtime, and night shifts. Workplace lockdowns made it possible for people to make arrangements to work from home.

Government organizations are trying to increase the quality of the medications and facilities that will assist in the treatment of persons who have vision impairments. This will help people with vision impairments receive better care. In addition, providers of orthokeratology lenses are developing and advertising solutions on a global scale in order to access the market they are targeting and make the most of the opportunity for global expansion.

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/orthokeratology-lens-market

Additionally, it is projected that the increased usage of improved and novel ortho-k lenses will assist the expansion of the orthokeratology sector. Myopia can be treated or reduced with a special type of contact lens known as ortho-k, which is designed to reshape the cornea. Ortho K lenses have a gentle repositioning effect on the cornea's front surface while the patient is sleeping. Once the lenses have been extracted, the patient will no longer need to wear corrective lenses throughout the day because their vision will be unimpaired.

The global market for orthokeratology lenses can be broken down into distinct submarkets depending on the product type, indication, distribution channel, and geographic location of the companies operating in the market.

On the basis of the types of products available, the global market for ortho-K lenses has been further segmented into two categories: daytime and nocturnal. In 2021, the product type category known as nightly ortho-K lenses owned the most portion of the market and was the most dominant worldwide. This growth can be attributed to how quickly and effectively the ortho-K lens was adopted by the market.

Based on the various indications, the global market may be broken down into categories such as myopia, presbyopia, hypermetropia, astigmatism, and others. In the year 2021, the category of myopia was the one that was most prominent. The increasing number of people who suffer from myopia is likely to be beneficial to the orthokeratology lens market over the course of the research period. According to research published in the journal Investigative Ophthalmology and Visual Science, for example, myopia affects approximately 27% of the world's population, which translates to approximately 1.9 billion individuals.

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/orthokeratology-lens-market

On the basis of the distribution channels that are utilized, the market is segmented into hospitals, clinics that specialize in ophthalmology and optometry, and other clinics. By 2021, the healthcare industry has become the most important one. As a result of hospitals continually expanding their investments in orthokeratology lenses in response to the growing prevalence of eye-related ailments such as cataracts and glaucoma, the market is developing. This is contributing to the growth of the industry.

In January 2019, Contamac introduced Optimum infinite high-oxygen gas permeable contact lenses with a strong mix of processability and elastic strength.

In March 2019, Alcon, Inc. purchased PowerVision, Inc., a medical equipment development firm based in the United States. With this agreement, the company will be able to focus on developing a fluid-based corneal lens surgery. This will enhance the overall engagement of the company

The global Orthokeratology Lens market is segmented as follows:

By Product Type

Day-time Ortho-K Lenses
Overnight Ortho-K Lenses

By Indication

Myopia
Presbyopia
Hypermetropia
Astigmatism

By Distribution Channel

Hospitals
Optometry Clinics
Ophthalmology Clinics
Others

By Region

North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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