sujeet. imarcgroupGlobal Orthokeratology Lens Market Statistics: USD 1,418.5 Million Value by 2032
Summary:
- The global orthokeratology lens market size reached USD 730.6 Million in 2023.
- The market is expected to reach USD 1,418.5 Million by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032.
- North America leads the market, accounting for the largest orthokeratology lens market share.
- Overnight ortho-k lenses represent the largest segment due to their effectiveness in myopia control.
- Hospitals account for the majority of the market share as orthokeratology lens fitting and management often require the expertise of eye care professionals based in hospital settings to ensure proper patient care and follow-up.
- Myopia exhibits a clear dominance in the market, driven by the rising prevalence of myopia, leading to a growing demand for orthokeratology lenses as a non-invasive myopia management option.
- Myopia exhibits a clear dominance in the market, driven by the rising prevalence of myopia, leading to a growing demand for orthokeratology lenses as a non-invasive myopia management option.
Industry Trends and Drivers:
- Myopia Epidemic:
The myopia epidemic refers to the increase in the prevalence of myopia worldwide, particularly among young individuals. As more people are developing myopia at an early age, there is a growing demand for ortho-k lens. In addition, ortho-k lenses offer a non-surgical approach to myopia management. They allow individuals to correct their myopia and slow down its progression without resorting to surgical procedures like LASIK. This appeals to parents and patients who are concerned about the safety and long-term effects of surgery, especially for children.
- Safety and Non-Invasiveness:
Ortho-k is considered a low-risk method of vision correction. Unlike surgery, which carries potential risks and complications, ortho-k involves wearing specialized contact lenses at night, minimizing the likelihood of adverse effects or complications. Moreover, ortho-k is a reversible treatment. If a patient decides to discontinue using ortho-k lenses, their cornea will return to its original shape over time. This reversibility provides patients with flexibility and peace of mind. Additionally, ortho-k lenses are suitable for children and adolescents with myopia. Parents often prefer non-invasive options for the vision correction of their children, and ortho-k meets this requirement effectively.
- Advancements in Lens Technology:
Modern ortho-k lens materials are designed to have high oxygen permeability, allowing for improved corneal health and comfort during overnight wear. This advancement minimizes the risk of corneal complications and enhances the safety of ortho-k treatment. Technological advancements are enabling eye care professionals to create highly customized ortho-k lenses tailored as per the unique corneal shape and prescription of each patient. This precision leads to better visual outcomes and greater patient satisfaction.
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Orthokeratology Lens Market Report Segmentation:
By Product Type:
- Day-Time Ortho-K-Lenses
- Overnight Ortho-K-Lenses
Overnight ortho-k lenses represent the largest segment due to their effectiveness in myopia control and the convenience they offer as wearers can experience clear vision during the day without the need for glasses or daytime contact lenses.
By Distribution Channel:
- Hospitals
- Ophthalmic Clinics
- Optometry Clinics
- Others
Hospitals account for the majority of the market share as orthokeratology lens fitting and management often require the expertise of eye care professionals based in hospital settings to ensure proper patient care and follow-up.
By Application:
- Myopia
- Presbyopia
- Hypermetropia
- Astigmatism
Myopia exhibits a clear dominance in the market, driven by the rising prevalence of myopia, leading to a growing demand for orthokeratology lenses as a non-invasive myopia management option.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys the leading position in the orthokeratology lens market on account of increasing awareness among patients and eye care professionals about the benefits of ortho-k lenses.
Top Orthokeratology Lens Market Leaders:
The orthokeratology lens market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Alpha Corporation Inc. (Menicon Co. Ltd.)
- Art Optical Contact Lens Inc.
- Bausch & Lomb Incorporated, Brighten Optix.Co
- Coopervision Inc. (The Cooper Companies Inc.)
- Euclid Vision Corporation
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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