Orthokeratology Lens Market Size, Trends, Growth, Opportunities (2024-2032) | The Cooper Companies Inc., Menicon Co., Ltd., Euclid Vision Corporation, and Bausch & Lomb Incorporated

The orthokeratology lens market size was valued at USD 869.6 million in 2023 and is projected to grow from USD 990.6 million in 2024 to USD 3,987.3 million by 2032, recording a CAGR of 19.0% during the forecast period (2024-2032).

The orthokeratology (Ortho-K) lens market has emerged as a transformative segment within the vision care industry, offering non-invasive solutions for refractive error correction. With growing demand for advanced myopia management, increasing FDA approvals, and technological innovations, the market is poised for substantial growth.

𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁

In September 2022, Johnson & Johnson Services Inc. secured U.S. FDA approval for its ACUVUE Abiliti Overnight Therapeutic Lenses for an extended range of up to 6.00 diopters. This expansion from the previously approved range of 4.00 diopters highlights the company's commitment to broadening accessibility for patients with higher levels of myopia. This milestone reflects the evolving regulatory and technological advancements that are shaping the orthokeratology lens market.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗢𝗿𝘁𝗵𝗼𝗸𝗲𝗿𝗮𝘁𝗼𝗹𝗼𝗴𝘆 𝗟𝗲𝗻𝘀 𝗠𝗮𝗿𝗸𝗲𝘁

The competitive landscape of the orthokeratology lens market features key players who are driving innovation and accessibility in vision care:

• The Cooper Companies Inc. (U.S.)
• Menicon Co., Ltd. (Japan)
• Euclid Vision Corporation (U.S.)
• Bausch & Lomb Incorporated (Canada)
• Johnson & Johnson Services, Inc. (U.S.)
• Brighten Optix.Co (China)
• TruForm Optics Inc. (U.S.)
• Art Optical Contact Lens, Inc. (U.S.)

These companies are focused on enhancing product portfolios, expanding geographical presence, and integrating advanced technologies to meet the growing demand for ortho-K lenses.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗣𝗿𝗲𝘃𝗮𝗹𝗲𝗻𝗰𝗲 𝗼𝗳 𝗠𝘆𝗼𝗽𝗶𝗮

The rising global incidence of myopia, particularly among children and adolescents, is a key driver of the orthokeratology lens market. Studies indicate that lifestyle changes, such as increased screen time and reduced outdoor activities, have significantly contributed to this trend. Ortho-K lenses are increasingly recognized as a non-surgical solution for myopia management, offering an effective alternative to traditional corrective methods.

𝗙𝗗𝗔 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹𝘀 𝗮𝗻𝗱 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗥𝗮𝗻𝗴𝗲𝘀

Regulatory approvals, such as the recent FDA nod for Johnson & Johnson's ACUVUE Abiliti Overnight lenses, are accelerating market growth. These approvals not only enhance consumer trust but also broaden the availability of orthokeratology solutions for patients with varying degrees of refractive errors.

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗼𝗳 𝗩𝗶𝘀𝗶𝗼𝗻 𝗖𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲𝘀

The demand for non-invasive and reversible vision correction methods is on the rise. Ortho-K lenses offer the unique advantage of reshaping the cornea overnight, providing clear vision during the day without the need for eyeglasses or contact lenses. This feature makes them particularly appealing to individuals seeking freedom from daytime corrective eyewear.

𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗟𝗲𝗻𝘀 𝗗𝗲𝘀𝗶𝗴𝗻

Advances in lens materials and design are improving the efficacy, safety, and comfort of ortho-K lenses. The use of high-precision manufacturing techniques and advanced fitting software enables personalized solutions, enhancing patient satisfaction and treatment outcomes.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀

𝗛𝗶𝗴𝗵 𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗖𝗼𝘀𝘁𝘀

The cost of orthokeratology lenses, along with associated professional fees for fitting and follow-up, can be a barrier to widespread adoption. Efforts to reduce costs through innovation and increased competition are expected to address this restraint.

𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗶𝗻 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁𝘀

In developing regions, awareness about ortho-K lenses remains low. Educational campaigns and strategic partnerships with optometrists and ophthalmologists are essential to bridge this gap and unlock market potential.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀

𝗢𝘃𝗲𝗿𝗻𝗶𝗴𝗵𝘁 𝗢𝗿𝘁𝗵𝗼-𝗞 𝗟𝗲𝗻𝘀𝗲𝘀 𝗟𝗲𝗮𝗱 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

By type, the overnight ortho-K lens segment dominates the market due to its convenience and effectiveness. These lenses are designed to be worn while sleeping, temporarily reshaping the cornea to provide clear vision during waking hours. Their growing adoption among children for myopia control further underscores their leadership in the market.

Other segments, including daytime lenses, continue to cater to specific patient preferences and requirements, contributing to the market's diversity.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: 𝗧𝗵𝗲 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗠𝗮𝗿𝗸𝗲𝘁

North America leads the orthokeratology lens market, driven by high awareness levels, advanced healthcare infrastructure, and significant investments in vision care research. The U.S., in particular, benefits from robust FDA regulations and the presence of major market players.

𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰: 𝗙𝗮𝘀𝘁𝗲𝘀𝘁-𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗥𝗲𝗴𝗶𝗼𝗻

Asia-Pacific is witnessing rapid growth in the orthokeratology lens market, fueled by the rising prevalence of myopia, particularly in countries like China, Japan, and South Korea. Growing awareness about myopia management solutions and increasing disposable incomes are contributing to the region's expansion.

𝗘𝘂𝗿𝗼𝗽𝗲: 𝗦𝘁𝗲𝗮𝗱𝘆 𝗚𝗿𝗼𝘄𝘁𝗵 𝗧𝗿𝗮𝗷𝗲𝗰𝘁𝗼𝗿𝘆

Europe exhibits steady growth in the orthokeratology lens market, supported by rising healthcare expenditure and growing adoption of innovative vision care solutions. Countries such as Germany, the U.K., and France are key contributors to the region's market performance.

𝗥𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗼𝗿𝗹𝗱: 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀

Regions such as Latin America and the Middle East are gradually adopting orthokeratology solutions. Improved access to vision care services and growing awareness about myopia management are driving progress in these markets.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

The orthokeratology lens market is highly competitive, with players focusing on product innovation, strategic collaborations, and geographic expansion. For instance, companies like Menicon Co., Ltd. and The Cooper Companies Inc. are investing in research and development to enhance product quality and cater to a broader patient base.

𝗙𝘂𝘁𝘂𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗰𝗼𝗽𝗲

The future of the orthokeratology lens market is shaped by several promising trends:

• Personalized Lenses: Advances in lens customization will offer tailored solutions for diverse refractive errors and patient preferences.
• Digital Fitting Tools: The integration of digital tools for lens fitting and monitoring will streamline patient care and improve outcomes.
• Focus on Pediatric Myopia: Increased emphasis on early intervention for myopia in children will drive the adoption of ortho-K lenses.
• Sustainability Initiatives: The development of eco-friendly lens materials will align with the growing demand for sustainable healthcare solutions.
• Tele-optometry: The rise of tele-optometry services will enhance access to ortho-K lens consultations and follow-ups, particularly in remote areas.

𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻

The orthokeratology lens market is positioned for remarkable growth, driven by rising demand for innovative vision correction solutions and increasing awareness of myopia management. Companies like Johnson & Johnson Services Inc., The Cooper Companies Inc., and Menicon Co., Ltd. are at the forefront of this transformation, leveraging technology and regulatory advancements to deliver superior patient outcomes.

With a strong focus on research, innovation, and expanding accessibility, the orthokeratology lens market is set to redefine vision care for patients worldwide. For detailed insights and in-depth analysis, refer to the Orthokeratology Lens Market Report.

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗔𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗧𝗼 𝗬𝗼𝘂𝗿 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/orthokeratology-lens-market-103110

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.:+1 833 909 2966 (Toll-Free)
U.K.: +44 808 502 0280 (Toll-Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

This release was published on openPR.