The Increasing Prevalence Of Myopia To Boost The Growth Of The Orthokeratology Market

 

Orthokeratology 

Orthokeratology Market, by Lens Type (Fluorosilicone Acrylate, Silicone Acrylate, Balafilcon, and Oprifocon A), by Application (Myopia, Hyperopia, Presbyopia, Astigmatism), by Distribution Channel (Hospitals, Optometry Clinics and Ophthalmology Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026Orthokeratology Market, by Lens Type (Fluorosilicone Acrylate, Silicone Acrylate, Balafilcon, and Oprifocon A), by Application (Myopia, Hyperopia, Presbyopia, Astigmatism), by Distribution Channel (Hospitals, Optometry Clinics and Ophthalmology Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

The Orthokeratology Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Orthokeratology, is the usage of particularly created and inserted contact lenses to reform the cornea temporarily to enhance the vision. It’s same as orthodontics for the eyes and the therapy is usually compared to dental braces. Many orthokeratology lenses are used at night to redesign the upper layer of the eye.

Competitive Landscape:

Key players involved in the global Orthokeratology Market are Paragon Vision Sciences, GP Specialists, Autek China, Taiwan Macro Vision Corporation, Alpha Corporation, Bausch and Lomb Inc., Essilor International S.A., Euclid Systems, Procornea, and E & E Optics.

Market Key Drivers:

The increasing prevalence of myopia is expected to boost the growth of global Orthokeratology Market. For instance, as per Investigative Ophthalmology and Visual Science journal approximately 1.9 billion people, which accounts for around 27% of the global population suffer from myopia.

The rising prevalence of astigmatism is projected to propel the growth of global orthokeratology market. For instance, as per The American Optometric Association, 1 out of 3 people in U.S live with astigmatism annually.

Covid-19 Impact Analysis:

The Covid-19 outbreak has negatively affected the growth of the global orthokeratology market as there was a surge in the spread of virus. The disruption of the supply chain, less hospital visits and delay in the surgeries impeded the market growth.

Key Takeaways:

The global Orthokeratology Market is anticipated to exhibit a CAGR of XX % during the forecast period owing to frequent approvals and quick launches. For instance, in May 2021, Johnson & Johnson Vision was approved by U.S.FDA for its initial orthokeratology lens for the regulation of myopia.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global orthokeratology market due to rising eye diseases such as cataract, glaucoma, myopia, presbyopia, rising approvals and frequent launches, collaborations and partnerships. For instance, as per CDC, around 20.5 million aged above 40 years suffer from cataract in U.S.