The global Orthokeratology Market Growth Accelerated by Advances in Technology



Orthokeratology aims to temporarily reshape the cornea through the use of gas-permeable contact lenses worn overnight. This non-invasive technique is used to effectively reduce myopia progression and correct low to moderate degrees of nearsightedness without glasses or contact lenses during the day.

The global Orthokeratology Market is estimated to be valued at US$ 71 Mn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Advances in orthokeratology lens technology have been a major driving factor for market growth. Newer generations of lenses feature advanced designs that provide improved visual acuity and comfort levels. Additionally, cutting-edge materials allow for enhanced oxygen permeability, which reduces risks of inflammation or infection. With continued R&D, orthokeratology lenses are becoming safer and more effective treatment options compared to traditional methods. Their non-surgical nature and reversible effects have further increased popularity among consumers seeking non-invasive vision correction.


Segment Analysis
The global Orthokeratology market is dominated by contact lenses segment. Within contact lenses, reverse geometry contact lenses sub-segment holds the major market share. Reverse geometry contact lenses helps in temporary reduction or elimination of myopia and are designed to gently reshape the cornea during overnight wear to temporarily improve vision. The increased adoption of reverse geometry contact lenses to delay the progression of myopia especially in children and teenagers is the key factor responsible for its high market share.

Key Takeaways
The global Orthokeratology market is expected to witness high growth over the forecast period of 2024 to 2031. The global Orthokeratology Market is estimated to be valued at US$ 71 Mn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031.

Regional analysis related content comprises
Asia Pacific accounts for the largest share in the global Orthokeratology market due to growing awareness about vision correction techniques and rising disposable income in the region. China dominates the Asia Pacific market accounting for over 60% of the regional market share. High prevalence of myopia in Chinese population and government initiatives to spread awareness regarding orthokeratology among optometrists and patients are fueling market growth in China.

Key players related content comprises
Key players operating in the Orthokeratology market are Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation. Autek China and Alpha Corporation collectively account for over 30% of the global market share owing to their robust product portfolio and widespread distribution network across Asia Pacific and North America.

Comments

Popular posts from this blog

Neuroendocrine Cancer is the fastest growing segment fueling the growth of Pituitary Cancer Market

Enhancing Patient Care and Comfort: The Evolution of Hospital Beds

Dry Eye Disease Market is Estimated to Witness High Growth Owing to Rising Awareness About Disease Management