Orthokeratology Lens Market Size, Share, Trends, Growth and Forecast 2024-2032
IMARC Group's report titled " Orthokeratology Lens Market Report by Product Type (Day-Time Ortho-K-Lenses, Overnight Ortho-K-Lenses), Distribution Channel (Hospitals, Ophthalmic Clinics, Optometry Clinics, and Others), Application (Myopia, Presbyopia, Hypermetropia, Astigmatism), and Region 2024-2032" The global orthokeratology lens market size reached US$ 730.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,418.5 Million by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032.
Factors Affecting the Growth of the
Orthokeratology Lens Industry:
- Myopia Epidemic:
The myopia epidemic refers to the increase in
the prevalence of myopia worldwide, particularly among young individuals. As
more people are developing myopia at an early age, there is a growing demand
for ortho-k lens. In addition, ortho-k lenses offer a non-surgical approach to
myopia management. They allow individuals to correct their myopia and slow down
its progression without resorting to surgical procedures like LASIK. This
appeals to parents and patients who are concerned about the safety and long-term
effects of surgery, especially for children.
- Safety and Non-Invasiveness:
Ortho-k is considered a low-risk method of
vision correction. Unlike surgery, which carries potential risks and
complications, ortho-k involves wearing specialized contact lenses at night,
minimizing the likelihood of adverse effects or complications. Moreover,
ortho-k is a reversible treatment. If a patient decides to discontinue using
ortho-k lenses, their cornea will return to its original shape over time. This
reversibility provides patients with flexibility and peace of mind.
Additionally, ortho-k lenses are suitable for children and adolescents with
myopia. Parents often prefer non-invasive options for the vision correction of
their children, and ortho-k meets this requirement effectively.
- Advancements in Lens Technology:
Modern ortho-k lens materials are designed to
have high oxygen permeability, allowing for improved corneal health and comfort
during overnight wear. This advancement minimizes the risk of corneal
complications and enhances the safety of ortho-k treatment. Technological
advancements are enabling eye care professionals to create highly customized
ortho-k lenses tailored as per the unique corneal shape and prescription of
each patient. This precision leads to better visual outcomes and greater
patient satisfaction.
Leading Companies Operating in the Global Orthokeratology
Lens Industry:
- Alpha Corporation Inc. (Menicon Co. Ltd.)
- Art Optical Contact Lens Inc.
- Bausch & Lomb Incorporated, Brighten Optix.Co
- Coopervision Inc. (The Cooper Companies Inc.)
- Euclid Vision Corporation
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Orthokeratology Lens Market Report
Segmentation:
By Product Type:
- Day-Time Ortho-K-Lenses
- Overnight Ortho-K-Lenses
Overnight ortho-k lenses represent the largest
segment due to their effectiveness in myopia control and the convenience they
offer as wearers can experience clear vision during the day without the need
for glasses or daytime contact lenses.
By Distribution Channel:
- Hospitals
- Ophthalmic Clinics
- Optometry Clinics
- Others
Hospitals account for the majority of the
market share as orthokeratology lens fitting and management often require the
expertise of eye care professionals based in hospital settings to ensure proper
patient care and follow-up.
By Application:
- Myopia
- Presbyopia
- Hypermetropia
- Astigmatism
Myopia exhibits a clear dominance in the
market, driven by the rising prevalence of myopia, leading to a growing demand
for orthokeratology lenses as a non-invasive myopia management option.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia,
Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia,
Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys the leading position in
the orthokeratology lens market on account of increasing awareness among
patients and eye care professionals about the benefits of ortho-k lenses.
Global Orthokeratology Lens Market Trends:
The growing awareness among the masses about
the benefits of ortho-k as a viable vision correction option is positively
influencing the market.
In addition, ongoing research and development
(R&D) activities are leading to technological innovations in ortho-k lens
materials, manufacturing techniques, and fitting processes.
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