The latest research report on the Orthokeratology Lens Market delves into the growth opportunities and development trends that are expected to shape the market up until 2031. This report offers an in-depth analysis of the market’s driving factors and challenges, utilizing both qualitative and quantitative research methodologies. Through this report, businesses can gain valuable insights into the market landscape and make informed decisions about their strategies and potential areas of growth.
Global Orthokeratology Lens Market is valued approximately USD 611.58 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.50% over the forecast period 2022-2028.
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What are Orthokeratology Lens and their primary function?
Orthokeratology lenses are safe, especially for kids. One of the most exciting advances in the ophthalmic business is the opportunity to improve patients’ vision and quality of life through the use of orthokeratology. With advances in diagnostic technologies and lens materials, orthokeratology may be a viable alternative to invasive surgery. Advances such as the launch of improved overnight ortho-K-lenses, paired with increased FDA approval, are helping to fuel the expansion of orthokeratology lenses. An increase in the geriatric population base, combined with an increase in the usage of digital screening, will drive demand for orthokeratology lenses during the projection period. The COVID-19 pandemic hampered the operations and financial liquidity of market participants in a variety of industries, including the ophthalmology business. Furthermore, the younger generation loves a fashionable appearance and wears varied eyewear depending on the occasion. Consumers seek newer designs and technologies, requiring businesses to maintain a continual focus on R&D in order to generate creative products. An increase in the number of eye disease awareness initiatives in developing nations is expected to enhance demand for orthokeratology lenses over the forecast period.
Vision correction in children has led in improved academic achievement, which has increased demand for overnight ortho-K-lens. Increased FDA approvals of orthokeratology lenses for the treatment of refractive problems, as well as innovations in lens design, are expected to drive market expansion. For example, the FDA in the United States authorized the first ortho-k lens for the treatment of myopia in May 2021. In 2021, the daytime ortho-K-lens sector retained a sizable market share. During the research period, the increased prevalence of myopia is expected to benefit the orthokeratology lenses market. According to the journal Investigative Ophthalmology and Visual Science, over 1.9 billion people, or nearly 27 percent of the world’s population, suffer from myopia. Myopia can result in significant ocular morbidity and high healthcare expenses. Myopia is anticipated to become more common during the forecast period. However, high lens costs hamper market expansion over the forecast period of 2022-2028.
The key regions considered for the Global Orthokeratology Lens Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. Recent advancements in orthokeratology lenses, the introduction of overnight ortho-K-lenses, as well as flexibility and choice, are projected to drive market expansion. Increased incidences of vision impairment, combined with increased use of orthokeratology lenses in the United States and Canada, are expected to provide a plethora of new job possibilities in the United States. Over the projection period, Asia Pacific is expected to develop at a considerable CAGR. Rising healthcare expenditures, together with increased awareness of eye problems, are expected to drive market expansion. The growing elderly population base, as well as the increasing usage of orthokeratology lenses in India and China, are expected to drive the market.
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Major market players included in this report are:
- 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.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Day-time Ortho-K Lenses
Overnight Ortho-K Lenses
By Indication:
Myopia
Presbyopia
Hypermetropia
Astigmatism
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By Distribution Channel:
Hospitals
Optometry Clinics
Ophthalmology Clinics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Orthokeratology Lens market, including:
- What can be expected for the Orthokeratology Lens market in the next decade?
- What are the primary drivers of growth in the global Orthokeratology Lens market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Orthokeratology Lens market vary based on the size of the end market?
- What is the breakdown of Orthokeratology Lens by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Orthokeratology Lens market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Orthokeratology Lens Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Orthokeratology Lens Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Orthokeratology Lens Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Orthokeratology Lens Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Orthokeratology Lens Market.
Our Orthokeratology Lens Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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