The global demand for Orthokeratology Lens Market is presumed to reach the market size of nearly USD 1490.4 MN by 2030 from USD 714.8 MN in 2022 with a CAGR of 9.62% under the study period 2023 - 2030.
Orthokeratology Lens(ortho-k) is made of a special material that gently reshapes the cornea while the person is sleeping. The reshaping of the cornea allows light to enter the eye in a way that eliminates or reduces the need for glasses during the day. It can be used to correct myopia, hyperopia and astigmatism with a low risk of complications. It is not permanent and needs to be worn regularly to maintain the correction.
The increasing prevalence of refractive errors, such as myopia, hyperopia, and astigmatism, is becoming more prevalent, particularly in children and young adults. This is driving demand for ortho-k lenses as a treatment option. Moreover, an uptick in the elderly population and a growing adoption of digital screening techniques that increase eye disorders will drive the demand for orthokeratology lenses in the forecast period. Furthermore, technological advancements are making ortho-k lenses more effective and comfortable for patients and boosting the market growth. In addition, the rising number of awareness programs in emerging economies to diagnose eye diseases is expected to drive the demand for orthokeratology lenses in the forecast period. However, the high cost of the lenses may limit the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of orthokeratology lens. The growth and trends of orthokeratology lens industry provide a holistic approach to this study.
This section of the orthokeratology lens market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Day-Time Ortho-K Lenses
- Overnight Ortho-K Lenses
By Distribution Channel
- Optometry Clinics
- Ophthalmology Clinics
This section covers the regional outlook, which accentuates current and future demand for the Orthokeratology Lens market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Orthokeratology Lens Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the orthokeratology lens market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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