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.
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