Press release
Orthokeratology Lens Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast
Orthokeratology Lens Global Market Report 2024
According to The Business Research Company's, the orthokeratology lens market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to myopia management, advancements in lens materials, demand for non-surgical vision correction, increased lifestyle convenience, pediatric vision correction.
The orthokeratology lens market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing myopia prevalence, customization and personalization, rising healthcare awareness, global expansion of orthokeratology services, rising disposable income. Major trends in the forecast period include technological innovations, integration with digital health platforms, collaboration with eye care professionals, advanced material technologies, smart and innovative designs.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/orthokeratology-lens-global-market-report
Market Drivers and Trends:
The rising incidence of eye-related disorders is expected to propel the growth of the orthokeratology lens market going forward. Eye disorders, also known as eye conditions or ophthalmic conditions, refer to a wide range of medical issues and abnormalities that affect the eyes and their associated structures. Orthokeratology (Ortho-K) lenses are primarily used to correct refractive errors, such as myopia (nearsightedness), and to provide temporary vision correction without the need for eyeglasses or daytime contact lenses. For instance, in December 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, about 20.5 million Americans over the age of 40, or 17.2% of the population, have at least one cataract. By 2028, it is estimated that 30 million individuals will have cataracts. Therefore, the rising incidence of eye-related disorders is driving the growth of the orthokeratology lens market.
Major companies operating in the orthokeratology lens market are developing innovative products such as Menicon Z Night to increase their profitability in the market. Menicon Z Night is a particular kind of orthokeratology lens, a form of contact lens made to alter the cornea's shape and lessen refractive problems such as myopia, hyperopia, and astigmatism. For instance, in May 2023, Menicon Co. Ltd., a Japan-based eyewear company launched an orthokeratology lens named Menicon Z Night. It is applied to short-term corneal reshaping and vision improvement. The lens is worn at night to treat myopia and/or astigmatism, and after one week of use, it effectively reduces myopia and gives steady vision. It is typically well-tolerated and the lens is fitted with the use of computer software to ensure a high first-fit success rate.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13501&type=smp
Major Key Players of the Market:
Essilor International, Johnson & Johnson Vision Care Inc., Alcon Inc., Bausch & Lomb Inc., CooperVision Inc., Orion Vision Group, Lucid Korea Co. Ltd., St. Shine Optical Co. Ltd., Autek China Inc., ABB Optical Group, Brighten Optix Co., E&E Optics Inc., Visioneering Technologies Inc., Alpha Corporation, Paragon Vision Sciences, Euclid Systems Corp., Contamac Ltd., SynergEyes Inc., Mark'ennovy Personalized Care Ltd., Art Optical Contact Lens Inc., GP Specialists Lens Inc., MiracLens LLC, TruForm Optics Inc., Corneal Lens Corporation, SwissLens S.A., Gelflex, Valley Contax Inc., Capricornia Contact Lens Pty Ltd., EyeKrafters Medical Optics, Metro Optics
Orthokeratology Lens Market 2024 Key Insights:
• The orthokeratology lens market is expected to grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Rising Incidence of Eye Disorders Driving Growth in the Orthokeratology Lens Market
• Innovative Products Boosting Profitability in the Orthokeratology Lens Market
• North America was the largest region in the orthokeratology lens market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=13501&type=smp"
"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
"Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Orthokeratology Lens Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast here
News-ID: 3670313 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Lens
Lens Market
The "Lens Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Lens Market, 2024-2031
Verified Market Research's most recent report, "Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination of the industry…
Infrared Lens (IR Lens) Market Size 2024 to 2031.
Market Overview and Report Coverage
An Infrared Lens (IR Lens) is a type of lens designed specifically for infrared imaging applications, allowing infrared radiation to pass through while blocking visible light. These lenses are commonly used in various industries such as automotive, military and defense, surveillance, and healthcare.
The current outlook for the Infrared Lens (IR Lens) Market is positive, with a growing demand for IR lenses in the expanding…
Global Lens Cleaner Market, Global Lens Cleaner Industry, Covid-19 Impact Global …
Lens cleaner is used to disinfect eyeglass lenses, contact lenses, and digital camera lenses. It plays a significant role in improving the hygiene & safety of the contact lenses. It is highly preferred for spectacle & contact lens cleaning. On the other hand, wipes and tissues for cleaning digital cameras are most preferred. The wipes are available in wet or dry form depending on the needs of the end user.…
Global Lens Cloth Market, Global Lens Cloth Industry, Covid-19 Impact Global Len …
Lens cloth is special type of cleaning cloth, which is generally made from different fabrics. This type of cloth can be micro-fiber cloth or wet wipes that depend on the lens to be cleaned. It helps remove dirt and grease particles that stick to the lens in daily use. Cleaning the lens helps to preserve the life of expensive lenses and prevents scratches on the lens surface. Microfiber lens cloths…
Infrared Lens (IR Lens) Market: Competitive Dynamics & Global Outlook 2026
Market Research Report Store offers a latest published report on Infrared Lens (IR Lens) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
This intelligence Infrared Lens (IR Lens) Market report by Market Research Report Store includes investigations based on the current scenarios, historical records, and future predictions. An accurate data of various aspects such as type, size, application, and end…
Soft Contact Lens Market | Daily Wear Contacts Lens, Extended Wear Contacts Lens …
Soft contact lens are used to correct the vision of the eye. These lenses are made of soft water absorbing flexible and translucent polymers (hydrogels) and a high amount of plasticizer. These are more flexible than the hard contact lens and can be easily molded into the desired shapes. Soft contact lens fit easily to the eyeball compared to a rigid gas-permeable lens and provides comfort. Most contact lens patients…
