Our
Clients
: Aug, 2020
: 100
:
Global Orthokeratology Market: Description
Orthokeratology also alluded to as (ortho-k), refers to a process of the intentional reshaping of the anterior cornea by using special contact lenses to reduce the refraction damages such as myopia, hyperopia, and astigmatism that are temporary and reversible. Under this process, the gas-permeable contact lenses reshape the cornea damaged due to refractive errors caused after lens removal. The contemporary ortho-k uses a reverse geometry lens design. The contemporary or modern lenses are made up of highly porous oxygen rigid material; especially, to be put on across the night to reform the anterior of the cornea and to provide temporary correction to a refractive fault. This technique is specifically used to slow the progression of myopia in children. Orthokeratology is a kind of technology that uses precisely designed contact lenses to adjust the eye tissue layer outline temporarily to reduce the defect of myopia or alluded as near-sightedness. This is a non-surgical process twined with lower risk than refractive surgery. Myopia or short-sightedness has been recognized as one of the major causes of blindness and visual impairment. There are a number of factors that slow the progression of myopia, and thus reduce the further risks of glaucoma, and macular degeneration associated with myopia.
One of these factors is overnight orthokeratology, often indicated as Ortho-K. These lenses support viewing things clearly during the day without the need for contact lenses or glasses. These benefit especially while doing sports and recreational activity in an adult as well as a child. Due to all these benefits, there is a high demand for ortho-k lenses.
Source: WMR
Global Orthokeratology Market: Overview
The Global Orthokeratology Market is cherished to reveal a substantial growth of a CAGR of 7.4% during the forecasted period of 2022 to 2033. The Global Orthokeratology Market was valued at USD 3,857 million in 2022 and is estimated to display a gigantic move of USD 4,448.96 million by 2033. The orthokeratology practice is coming with coronal refractive therapy (CRT), Ortho-k, or overnight vision therapy as synonyms. Orthokeratology supports the eradication of contact lens-related vision weaknesses, permitting patients to carry on with the functioning of an active lifestyle. This is a vital aspect projected to boost the market. In addition to this, awareness of the benefits of Orthokeratology together with the positive outcome of the practice is expected to propel the market growth.
Source: WMR
Global Orthokeratology Market Key Trends:
Growing cases of myopia are propelling the market growth:
The cases of high myopia and myopia are rising across the globe. Myopia or short-sightedness is a common vision condition under which a person is unable to visualize objects at distance but is able to see near objects clearly. This condition occurs when the shape of an eye causes the light rays to refract incorrectly, focusing images in front instead on the retina. Myopia is considered one of the prominent factors leading to visual impairment across the globe.
Rising usage of laptops and longer exposure to high-end visual components:
Additionally, longer-duration exposure to laptops, tablets, and cell phones for work or personal use is causing digital eye strain resulting in eye damage permanently in adults and kids. This increases the high demand for orthokeratology treatment which creates a positive impact on the market.
COVID-19 impact on the market:
The recent pandemic that hit the world completely changed the management of the healthcare sector. The pandemic has not been a good state for anyone physically, mentally, and emotionally. On the verge of this epidemic, the government announced strict internment, and people were stuck in their homes which increased screen time. Excess exposure to laptops and personal computers, affected people's eyesight. Although, with the challenges faced by various sectors during the pandemic, the global orthokeratology market witnessed significant growth.
Global Orthokeratology Market Segmentation Analysis:
Global Orthokeratology Market based on Lens Type
Fluorosilicone Acrylate
Silicone Acrylate
Balafilcon
Oprifocon A
Global Orthokeratology Market based on Product Type:
Overnight Ortho K Lenses
Daytime Ortho K Lenses
Global Orthokeratology Market by Application
Myopia
Presbyopia
Hyperopia
Astigmatism
Myopia treatment is anticipated to dominate the worldwide orthokeratology market due to rapid expansion in the pervasiveness of myopia across the globe and the adoption of an orthokeratology lens for treatment.
Source: WMR
Global Orthokeratology Market by Distribution Channel
Hospitals
Optometry Clinics
Ophthalmology Clinics
Others
Hospitals are expected to outstand the segment during the forecasted period.
Global Orthokeratology Market Regional Segmentation Analysis:
Based on the geographical view, the market occupies regions such as North America, Europe, Asia-Pacific, Middle-East, and Africa. North America is expected to rule the market due to the fact of growing demand for ophthalmologists and the quick growth of myopia in children of this region. In addition to this, growing investment by the government for the development of novel technologies is driving the market.
Global Orthokeratology Market: Competitive Landscape
Companies are focusing on the development and inauguration of new products and collaboration with other entities to rise their market share.
The main purpose of this collaboration is to manage the workflows. Some of the prominent companies are as follows Alpha Corporation, Bausch and Lomb Inc., Art Optical Contact Lens Inc., Autek China, Euclid Systems Corporation, Essilor International S.A., E & E Optics, GP Specialists Inc., Paragon Vision Sciences, Taiwan Macro Vision Corporation, The Cooper Companies Inc., Menicon Co. Ltd., TruForm Optics Inc., Contex Inc., MiracLens L.L.C., Procornea, Brighten Optix, Visioneering Technologies, Inc., CooperVision, CONTAMAC and others.
Report Scope:
Global Orthokeratology Market Forecast Years: 2023-2033
Global Orthokeratology Market Historical Years: 2020-2021
Global Orthokeratology Market 2022: USD 3,857 million
Global Orthokeratology Market 2033: USD 4448.96 million
Global Orthokeratology Market CAGR: 7.4%
Key Segments: Lens Type, Product Type, Application, Distribution Channel
Key Regions & Countries: North America, Europe, Asia Pacific, Latin America, MEA.
Key Players: Alpha Corporation, Bausch and Lomb Inc., Art Optical Contact Lens Inc., Autek China, Euclid Systems Corporation, Essilor International S.A., E & E Optics, GP Specialists Inc., Paragon Vision Sciences, Taiwan Macro Vision Corporation, The Cooper Companies Inc., Menicon Co. Ltd., TruForm Optics Inc., Contex Inc., MiracLens L.L.C., Procornea, Brighten Optix, Visioneering Technologies, Inc., CooperVision, CONTAMAC and others.
1. Global ORTHOKERATOLOGY Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. ORTHOKERATOLOGY Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global ORTHOKERATOLOGY Market Scope and Market Estimation
1.4.1. Global ORTHOKERATOLOGY MARKET Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global ORTHOKERATOLOGY Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. ORTHOKERATOLOGY Market Segmentation
1.5.1. Lens Type of Global ORTHOKERATOLOGY Market
1.5.2. Product Type of Global ORTHOKERATOLOGY Market
1.5.3. Application of Global ORTHOKERATOLOGY Market
1.5.4. Distribution Channel of Global ORTHOKERATOLOGY Market
1.5.5. Key Regions of Global ORTHOKERATOLOGY Market
2. Global ORTHOKERATOLOGY Market - Executive Summary
2.1. Global ORTHOKERATOLOGY Market Summary & Snapshot
2.2. Global ORTHOKERATOLOGY Market, By Lens Type (US$ Million)
2.3. Global ORTHOKERATOLOGY Market, By Product Type (US$ Million)
2.4. Global ORTHOKERATOLOGY Market, By Application (US$ Million)
2.5. Global ORTHOKERATOLOGY Market, By Distribution Channel (US$ Million)
2.6. Global ORTHOKERATOLOGY Market, By Geography (US$ Million)
2.7. Global ORTHOKERATOLOGY Market Outlook & Future Opportunities
3. ORTHOKERATOLOGY Market Trends, Outlook, and Factors Analysis
3.1. Global ORTHOKERATOLOGY Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global ORTHOKERATOLOGY Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. ORTHOKERATOLOGY Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Myopia is becoming more common
3.2.1.2. Longer usage of laptops, tablets, and smartphones is causing vision problems in children and the young population.
3.2.2. Restraints
3.2.2.1. More time-consuming and expensive
3.2.3. Opportunities
3.2.3.1. Increasing geriatric population since they are at a higher risk of developing eye problems.
3.2.3.2. Use of technology in medical science.
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of ORTHOKERATOLOGY Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of ORTHOKERATOLOGY Market
3.9.1. By Lens Type
3.9.2. By Product Type
3.9.3. By Application
3.9.4. Distribution Channel
3.9.5. By Regions
4. Global ORTHOKERATOLOGY Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global ORTHOKERATOLOGY Market, 2020 2021 (US$ Million)
4.2. Global ORTHOKERATOLOGY Market, By Lens Type, 2020 to 2021 (US$ Million)
4.3. Global ORTHOKERATOLOGY Market, By Product Type, 2020 to 2021 (US$ Million)
4.4. Global ORTHOKERATOLOGY Market, By Application, 2020 to 2021 (US$ Million)
4.5. Global ORTHOKERATOLOGY Market, By Distribution Channel, 2020 to 2021 (US$ Million)
4.6. Global ORTHOKERATOLOGY Market, By Region, 2020 to 2021 (US$ Million)
5. Global ORTHOKERATOLOGY Market Estimates & Forecast Trend Analysis, by Lens Type
5.1. Global ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, by Lens Type, 2022 & 2033
5.2. Global ORTHOKERATOLOGY Market Revenue (US$ Million) Estimates and Forecasts, by Lens Type, 2022 to 2033
5.2.1. Fluorosilicone Acrylate
5.2.2. Silicone Acrylate
5.2.3. Balafilcon
5.2.4. Oprifocon A
6. Global ORTHOKERATOLOGY Market Estimates & Forecast Trend Analysis, by Product Type
6.1. Global ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, by Product Type, 2022 & 2033
6.2. Global ORTHOKERATOLOGY Market Revenue (US$ Million) Estimates and Forecasts, by Product Type, 2022 to 2033
6.2.1. Overnight Ortho K Lenses
6.2.2. Daytime Ortho K Lenses.
7. Global ORTHOKERATOLOGY Market Estimates & Forecast Trend Analysis, by Application
7.1. Global ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
7.2. Global ORTHOKERATOLOGY Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033
7.2.1. Myopia
7.2.2. Presbyopia
7.2.3. Hyperopia
7.2.4. Astigmatism
8. Global ORTHOKERATOLOGY Market Estimates & Forecast Trend Analysis, by Distribution Channel
8.1. Global ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
8.2. Global ORTHOKERATOLOGY Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033
8.2.1. Hospitals
8.2.2. Optometry Clinics
8.2.3. Ophthalmology Clinics
8.2.4. Vision Care Centers
8.2.5. Others
9. Global ORTHOKERATOLOGY Market Analysis and Forecast, by Region
9.1. Global ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
9.2. Global ORTHOKERATOLOGY Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East and Africa
9.2.5. Latin America
10. North America ORTHOKERATOLOGY Market: Estimates & Forecast Trend Analysis
10.1. North America ORTHOKERATOLOGY Market Assessments & Key Findings
10.2. North America ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. North America ORTHOKERATOLOGY Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Lens Type
10.3.2. By Product Type
10.3.3. By Application
10.3.4. By Distribution Channel
10.3.5. By Major Country
10.3.5.1. The U.S.
10.3.5.2. Canada
11. Europe ORTHOKERATOLOGY Market: Estimates & Forecast Trend Analysis
11.1. Europe ORTHOKERATOLOGY Market Assessments & Key Findings
11.2. Europe ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Europe ORTHOKERATOLOGY Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Lens Type
11.3.2. By Product Type
11.3.3. By Application
11.3.4. By Distribution Channel
11.3.5. By Major Country
11.3.5.1. Germany
11.3.5.2. The U.K.
11.3.5.3. France
11.3.5.4. Italy
11.3.5.5. Spain
11.3.5.6. Rest of Europe (includes all other European countries)
12. Asia Pacific ORTHOKERATOLOGY Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific ORTHOKERATOLOGY Market Assessments & Key Findings
12.2. Asia Pacific ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Asia Pacific ORTHOKERATOLOGY Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Lens Type
12.3.2. By Product Type
12.3.3. By Application
12.3.4. By Distribution Channel
12.3.5. By Major Country
12.3.5.1. sChina
12.3.5.2. Japan
12.3.5.3. India
12.3.5.4. ASEAN
12.3.5.5. South Korea
12.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
13. Middle East & Africa ORTHOKERATOLOGY Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa ORTHOKERATOLOGY Market Assessments & Key Findings
13.2. Middle East & Africa ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Middle East & Africa ORTHOKERATOLOGY Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Lens Type
13.3.2. By Product Type
13.3.3. By Application
13.3.4. By Distribution Channel
13.3.5. By Major Country
13.3.5.1. GCC
13.3.5.2. South Africa
13.3.5.3. Egypt
13.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
14. Latin America ORTHOKERATOLOGY Market: Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments & Key Findings
14.2. Latin America ORTHOKERATOLOGY Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Latin America ORTHOKERATOLOGY Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Lens Type
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By Distribution Channel
14.3.5. By Major Country
14.3.5.1. Brazil
14.3.5.2. Mexico
14.3.5.3. Rest of Latin America (includes all other Latin America countries)
15. Competitive Landscape
15.1. ORTHOKERATOLOGY Market Revenue Share Analysis (%), by Major Players (2021)
15.2. ORTHOKERATOLOGY Market Competition Matrix, by Leading Players
15.3. ORTHOKERATOLOGY MARKET List of Emerging, Prominent and Leading Players
15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
16. Company Profiles
16.1. Alpha Corporation
16.1.1. Company Overview & Insights
16.1.2. Financial Performance
16.1.3. Product / Service Portfolio
16.1.4. Geographical Footprint & Share
16.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
16.2. Bausch and Lomb Inc.
16.3. Art Optical Contact Lens Inc.
16.4. Autek China
16.5. Euclid Systems Corporation
16.6. Essilor International S.A.
16.7. E & E Optics
16.8. GP Specialists Inc.
16.9. Paragon Vision Sciences
16.10. Taiwan Macro Vision Corporation
16.11. The Cooper Companies Inc.
16.12. Menicon Co. Ltd.
16.13. TruForm Optics Inc.
16.14. Contex Inc.
16.15. MiracLens L.L.C.
16.16. Procornea
16.17. Brighten Optix
16.18. Visioneering Technologies, Inc.
16.19. CooperVision
16.20. CONTAMAC
16.21. Others
17. Assumptions and Research Methodology
17.1. Data Mining
17.2. Secondary Research
17.3. Primary Research
17.4. Subject Matter Expert Advice
17.5. Quality Check
17.6. Final Review
17.7. Data Triangulation
17.8. Bottom-Up Approach
17.9. Top Down Approach
17.10. Research Flow
17.11. Key Insights from Industry Experts
17.12. Data Sources
17.13. Assumptions
17.14. Limitations
18. Conclusions and Recommendations
18.1. Key Research Findings and Conclusion
18.2. Key Insights & Recommendations from Analysts