Orthokeratology Market Growth Accelerated by Increasing Acceptance of Non-Invasive Techniques
Orthokeratology Market |
Orthokeratology is a non-invasive and reversible refractive technique used to temporarily reshape the cornea of the eye to correct refractive errors like myopia and astigmatism through the use of specially designed contact lenses worn overnight. Orthokeratology contact lenses gently reshape the cornea to temporarily improve vision without glasses or contact lenses during waking hours. These lenses are made from highly oxygen-permeable materials to prevent complications.
The global
Orthokeratology Market is estimated to be valued at US$ 64.74 Bn in 2023 and is
expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing acceptance of non-invasive techniques for vision correction is
one of the major trends boosting the growth of the orthokeratology market.
Orthokeratology is considered highly advantageous over other refractive
surgeries such as LASIK as it is completely reversible and does not require any
cutting or altering of the corneas. Additionally, orthokeratology lenses are
relatively cheaper than refractive surgeries and can be reused multiple times,
reducing the overall treatment cost in the long run. With growing awareness
about the benefits of orthokeratology among consumers, especially in developing
nations, the market is expected to witness significant growth over the forecast
period. Manufacturers are also focusing on developing advanced gas-permeable
materials for orthokeratology lenses to further improve comfort and safety.
Segment
Analysis
The global Orthokeratology market is dominated by the spherical design segment
which accounts for around 65% of the total market share. Spherical
orthokeratology lenses are preferred for their ease of design, manufacturing,
and compatibility with a wide range of prescriptions compared to other segment
lenses. These lenses produce predictable movements in the cornea to achieve
temporary myopia reduction without surgery or eyeglasses.
Key Takeaways
Global
Orthokeratology Market Trends is expected to witness high growth over
the forecast period 2023 to 2030. Regional analysis
The Asia Pacific region currently dominates the global Orthokeratology market
with a share of over 45% in 2024. Rapid economic development, rising healthcare
expenditure, and growing awareness about vision correction treatments are
driving the market in the Asia Pacific region. China alone contributes to more
than 35% of the total Orthokeratology market share owing to the huge patient
pool and favorable government initiatives in the country. North America and
Europe are other major regions for the orthokeratology market.
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