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Orthokeratology Lens Market Analysis by Type (Overnight Lens and Daytime Lens), By Age Group (Children and Adults), By, Application (Myopia, Astigmatism, and Others), By End-user, (Optometrist Offices, Hospitals & Ophthalmology Clinics, and Others) and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2004-06-11
  • NO OF PAGES
  • 261
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The Orthokeratology Lens market is predicted to develop at a compound annual growth rate (CAGR) of 15.3%from 2024 to 2033, when it is projected to reach USD 2,352.5 Million, based on an average growth pattern. The market is estimated to reach a value of USD 782.1 Million in 2024.

 

SOURCE: We Market Research

Ortho-K, or specially designed contact lenses, are worn overnight to temporarily realign the cornea and improve vision while the wearer is asleep. These lenses flatten the cornea gradually, thus they minimize refractive flaws such as nearsightedness, astigmatism, and occasionally farsightedness. Users no longer need to wear glasses or daytime contacts after taking out the lenses in the morning because their vision improves throughout the day. Ortho-K lenses offer a non-invasive alternative to laser eye surgery for vision correction. They must be worn consistently to maintain visual improvement, and they are especially beneficial for those seeking a reversible method of addressing mild to moderate refractive issues.

A number of factors influence the orthokeratology (Ortho-K) lens industry. Firstly, customers looking for alternatives to glasses or refractive surgery are becoming more aware of non-surgical vision correction procedures like Ortho-K, which propels market growth. Moreover, market expansion is driven by the need for reversible and convenient vision correction choices, particularly among athletes and young adults. Enhancement of comfort and efficacy through technological innovations in lens materials and manufacturing techniques propels the market adoption even further. Additionally, a growing number of people are turning to Ortho-K lenses as a way to manage and control progressive nearsightedness due to the increased prevalence of myopia observed globally, especially in children and adolescents.

 

Market Scope

Report Attributes

Description

Market Size in 2024

USD 782.1Million

Market Forecast in 2033

USD 2,352.5Million

CAGR % 2024-2033

15.3%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Type, By Age Group, By Application, By End-user and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Orthokeratology Lens Industry: Dynamics & Restrains



Market opportunity:


 

 We Market Research: Orthokeratology Lens Dashboard

We give clients with useful insights into market trends over time through a comprehensive dashboard that is part of our marketing platform. An example picture of our dashboard is provided below, and unique PDF login credentials will be provided to enable use of this informative tool.


Orthokeratology Lens Segmentation

Market- By Type Analysis

By Type, the Orthokeratology Lens Market is Categories into Overnight Lens and Daytime Lens. The Overnight Lens segment accounts for the largest share of around 57% in 2024.


Overnight Lens type dominate the market due to its non-invasive vision correction, myopia management, convenience, and safety benefits.

The following segments are part of an in-depth analysis of the global Orthokeratology Lens market:

Market Segments

 

By  Age Group

·         Children

·         Adults

By  Application

·         Myopia

·         Astigmatism

·         Others

By  End-user

·         Optometrist Offices

·         Hospitals

·         Ophthalmology Clinics

·         Others

 

Orthokeratology Lens Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominate the Orthokeratology Lens Market with the highest revenue generating market with share of more than 47%. Rapid urbanization, growing disposable income, and technological advancements fuel demand for orthokeratology lenses. China and Japan lead with large populations and strong manufacturing capabilities, responding to increasing myopia rates.


North America Market Statistics

North America Orthokeratology Lens market is second largest market due to technological advancements and increasing myopia prevalence drive the demand for orthokeratology lenses. Growing awareness campaigns further boost adoption, with the United States leading due to established infrastructure and key players.

Europe Market Forecasts

Europe is expected to be the fastest-growing regional segment of the Orthokeratology Lens market during the forecast period. The market for orthokeratology lenses is driven by favorable regulations, lifestyle preferences, and an increase in myopia cases. Western European nations predominate because of their favorable adoption rates and healthcare policies.

Key Market Players

 The Orthokeratology Lens Market is dominated by a few large companies, such as 

·         Brighten Optix. Co

·         Euclid Systems Corporation

·         Bausch & Lomb Incorporated

·         Johnson & Johnson Services, Inc.

·         TruForm Optics Inc.

·         Art Optical Contact Lens, Inc.

·         The Cooper Companies Inc.

·         Menicon Co., Ltd.

·         Other

 KEY INDUSTRY DEVELOPMENTS

·         In April 2022 – Visionary Optics was purchased by Euclid Systems Corporation in order to expand its line of specialty contact lenses.

·         In November 2021 – The FDA in the United States approved Johnson & Johnson Services Inc.'s ACUVUE Abiliti Overnight Therapeutic Lenses for the treatment of myopia.

·         In April 2021 - Menicon Co., Ltd. and Johnson & Johnson Vision worked together to develop therapeutic lens-related goods and services to help children with their myopia.

1.      Global Orthokeratology Lens Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Orthokeratology Lens Market Scope and Market Estimation

1.2.1. Global Orthokeratology Lens Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Orthokeratology Lens Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Orthokeratology Lens Market

1.3.2. Technology of Global Orthokeratology Lens Market

1.3.3. Application of Global Orthokeratology Lens Market

1.3.4. Region of Global Orthokeratology Lens Market

2.      Executive Summary

2.1.    Global Orthokeratology Lens Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Orthokeratology Lens Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Orthokeratology Lens Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Orthokeratology Lens Market Estimates & Forecast Trend Analysis, by TYPE

4.1.    Global Orthokeratology Lens Market Revenue (US$ Mn) Estimates and Forecasts, by TYPE, 2019 to 2033

4.1.1. Overnight Lens 

4.1.2. Daytime Lens

5.      Global Orthokeratology Lens Market Estimates & Forecast Trend Analysis, by Age Group

5.1.    Global Orthokeratology Lens Market Revenue (US$ Mn) Estimates and Forecasts, by Age Group, 2019 to 2033

5.1.1. Children

5.1.2. Adults

6.      Global Orthokeratology Lens Market Estimates & Forecast Trend Analysis, by Application

6.1.    Global Orthokeratology Lens Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033

6.1.1. Myopia

6.1.2. Astigmatism

6.1.3. Others

7.      Global Orthokeratology Lens Market Estimates & Forecast Trend Analysis, by END-USER

7.1.    Global Orthokeratology Lens Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033

7.1.1. Optometrist Offices

7.1.2. Hospitals

7.1.3. Ophthalmology Clinics

7.1.4. Others

8.      Global Orthokeratology Lens Market Estimates & Forecast Trend Analysis, by Region

8.1.    Global Orthokeratology Lens Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

8.1.1. North America

8.1.2. Europe

8.1.3. Asia Pacific

8.1.4. Middle East & Africa

8.1.5. South America

9.      North America Orthokeratology Lens Market: Estimates & Forecast Trend Analysis

9.1.    North America Orthokeratology Lens Market Assessments & Key Findings

9.1.1. North America Orthokeratology Lens Market Introduction

9.1.2. North America Orthokeratology Lens Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   By TYPE

9.1.2.2.   By Age Group

9.1.2.3.   By Application

9.1.2.4.   By END-USER

9.1.2.5.   By Country

9.1.2.5.1.     The U.S.

9.1.2.5.2.     Canada

9.1.2.5.3.     Mexico

10.  Europe Orthokeratology Lens Market: Estimates & Forecast Trend Analysis

10.1.  Europe Orthokeratology Lens Market Assessments & Key Findings

10.1.1.   Europe Orthokeratology Lens Market Introduction

10.1.2.   Europe Orthokeratology Lens Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By TYPE

10.1.2.2.    By Age Group

10.1.2.3.    By Application

10.1.2.4.    By END-USER

10.1.2.5.    By Country

10.1.2.5.1. Germany

10.1.2.5.2. U.K.

10.1.2.5.3. France

10.1.2.5.4. Italy

10.1.2.5.5. Spain

10.1.2.5.6. Russia

10.1.2.5.7. Rest of Europe

11.  Asia Pacific Orthokeratology Lens Market: Estimates & Forecast Trend Analysis

11.1.  Asia Pacific Market Assessments & Key Findings

11.1.1.   Asia Pacific Orthokeratology Lens Market Introduction

11.1.2.   Asia Pacific Orthokeratology Lens Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By TYPE

11.1.2.2.    By Age Group

11.1.2.3.    By Application

11.1.2.4.    By END-USER

11.1.2.5.    By Country

11.1.2.5.1. China

11.1.2.5.2. Japan

11.1.2.5.3. India

11.1.2.5.4. Australia

11.1.2.5.5. South Korea

11.1.2.5.6. ASEAN

11.1.2.5.7. Rest of Asia Pacific

12.  Middle East & Africa Orthokeratology Lens Market: Estimates & Forecast Trend Analysis

12.1.  Middle East & Africa Market Assessments & Key Findings

12.1.1.   Middle East & Africa Orthokeratology Lens Market Introduction

12.1.2.   Middle East & Africa Orthokeratology Lens Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    By TYPE

12.1.2.2.    By Age Group

12.1.2.3.    By Application

12.1.2.4.    By END-USER

12.1.2.5.    By Country

12.1.2.5.1. U.A.E.

12.1.2.5.2. Saudi Arabia

12.1.2.5.3. Egypt

12.1.2.5.4. South Africa

12.1.2.5.5. Rest of Middle East & Africa

13.  South America Orthokeratology Lens Market: Estimates & Forecast Trend Analysis

13.1.  South America Market Assessments & Key Findings

13.1.1.   South America Orthokeratology Lens Market Introduction

13.1.2.   South America Orthokeratology Lens Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

13.1.2.1.    By TYPE

13.1.2.2.    By Age Group

13.1.2.3.    By Application

13.1.2.4.    By END-USER

13.1.2.5.    By Country

13.1.2.5.1. Brazil

13.1.2.5.2. Argentina

13.1.2.5.3. Colombia

13.1.2.5.4. Rest of South America

14.  Competition Landscape

14.1.  Global Orthokeratology Lens Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2.  Global Orthokeratology Lens Market Competition White Space Analysis, By Application

14.3.  Global Orthokeratology Lens Market Competition Heat Map Analysis, By Application

14.4.  Global Orthokeratology Lens Market Concentration & Company Market Shares (%) Analysis, 2022

15.  Company Profiles

15.1.                     Brighten Optix.Co

15.1.1.   Company Overview & Key Stats

15.1.2.   Financial Performance & KPIs

15.1.3.   Product Portfolio

15.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

15.2.      Euclid Systems Corporation

15.3.      Bausch & Lomb Incorporated

15.4.      Johnson & Johnson Services, Inc.

15.5.      TruForm Optics Inc.

15.6.      Art Optical Contact Lens, Inc.

15.7.      The Cooper Companies Inc.

15.8.      Menicon Co., Ltd.

15.9.      Others

16.  Research Methodology

16.1.  External Transportations / Databases

16.2.  Internal Proprietary Database

16.3.  Primary Research

16.4.  Secondary Research

16.5.  Assumptions

16.6.  Limitations

16.7.  Report FAQs

17.  Research Findings & Conclusion

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Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size of Orthokeratology Lens Market in 2024?

Orthokeratology Lens Market was valued at USD 782.1Million in 2024.

What is the growth rate for the Orthokeratology Lens Market?

Orthokeratology Lens Market size will increase at approximate CAGR of 15.3%during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Orthokeratology Lens Market are Brighten Optix.Co , Euclid Systems Corporation , Bausch & Lomb Incorporated , Johnson & Johnson Services, Inc. , TruForm Optics Inc. , Art Optical Contact Lens, Inc. , The Cooper Companies Inc. , Menicon Co., Ltd. and Others.

Which region dominates the Orthokeratology Lens Market?

Asia Pacific dominates the market with an active share of 47%.

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