Press release
Orthokeratology Lens Market Size to Boost USD 1,202.29 Million By 2032 | CAGR 6.4% - Published by Emergen Research
Orthokeratology Lens Market
The orthokeratology (ortho-k) lens market is a rapidly growing segment within the field of vision correction, offering a non-surgical alternative to traditional methods such as glasses or contact lenses. Ortho-k lenses, also known as corneal reshaping lenses, are specially designed rigid gas permeable (RGP) lenses that temporarily reshape the cornea overnight, providing clear vision during the day without the need for corrective eyewear. This market encompasses a range of products and services aimed at addressing refractive errors such as myopia (nearsightedness), hyperopia (farsightedness), and astigmatism through overnight lens wear.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Orthokeratology Lens Market :
Several factors are driving the growth of the orthokeratology lens market. One key driver is the increasing prevalence of myopia, particularly among children and young adults, which has led to a growing demand for effective and non-invasive vision correction solutions. Ortho-k lenses offer a unique advantage in controlling the progression of myopia by reshaping the cornea and reducing the elongation of the eye associated with myopia development. Additionally, the convenience and lifestyle benefits of ortho-k lenses, such as freedom from daytime eyewear and improved visual acuity without surgery, appeal to individuals seeking an alternative to glasses or conventional contact lenses.
Growth Factors of the Orthokeratology Lens Market :
Despite the challenges, several factors are driving the continued growth of the orthokeratology lens market. Technological advancements in lens design and manufacturing have led to the development of more comfortable, breathable, and customizable ortho-k lenses that optimize corneal reshaping outcomes and patient comfort. Furthermore, increasing awareness among eye care professionals and patients about the benefits of ortho-k for myopia control and vision correction is expanding the market potential and driving demand for orthokeratology services. Additionally, ongoing research and clinical trials aimed at exploring the long-term efficacy and safety of ortho-k treatment are bolstering confidence in this innovative vision correction modality.
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The report also discusses the key players involved in the market such as:
Bausch + Lomb Johnson & Johnson Vision CooperVision Art Optical Contact Lens, Inc. Brighten Optix CE GP Specialists Alpha Corporation Inc. Euclid Vision Corporation Menicon Co., Ltd. Wave LLC IGEL Sdn Bhd Essilor Contacts MiracLens L.L.C. TruForm Optics Inc.
The report provides a thorough estimation of the overall impact of the pandemic on the Orthokeratology Lens Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Orthokeratology Lens Market
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Orthokeratology Lens Latest Industry Updates
On 27 June 2023, Euclid Vision Corporation, a global leader in advanced orthokeratology (Ortho-K) lenses and proactive myopia management initiatives declared collaboration with ABB Optical Group as a licensed manufacturer and distributor of the Euclid's Ortho-K lenses.
On 28 July 2021, Visioneering Technologies, Inc. (VTI) announced the partnership with orthokeratology company Innovatus Technology Pty Ltd to address myopia management and to add more products to the VTI portfolio.
Orthokeratology Lens Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented global Orthokeratology Lens market on the basis of Product Type, Age Group, Lens Material, Application, End-Use, and region:
Product Type Outlook (Revenue, USD Million; 2019-2032)
Overnight Orthokeratology Lens
Daytime Orthokeratology Lens
Age Group Outlook (Revenue, USD Million; 2019-2032)
Children
Adults
Lens Material Outlook (Revenue, USD Million; 2019-2032)
Silicon Acrylate
Fluorosilicone Acrylate
Fluorocarbon Acrylate
Others
Application Outlook (Revenue, USD Million; 2019-2032)
Myopia
Hyperopia
Presbyopia
Hypermetropia
Astigmatism
End-Use Outlook (Revenue, USD Million; 2019-2032)
Hospitals
Optometry Clinics
Ophthalmology Clinics
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Emergen Research
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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