Global orthokeratology lens market was worth USD 611.58 million in the year 2021 and is expected to reach USD 950.39 million by the end of 2028, witnessing a 6.50% CAGR over the forecast timeline.

Industry Snapshot:

• Introduction of better nighttime ortho-K-lenses and increasing FDA approvals are driving the market expansion.
• Growing geriatric population combined with increased use of digital screening are supporting the development of the marketplace.
• Spike in the proportion of eye disease awareness initiatives in developing economies is expected to drive the product uptake through the forecast period.
• Surging prevalence of ocular disorders, such as myopia and presbyopia is boosting worldwide orthokeratology lens industry growth during 2022-2028.
• Youth of today values fashion and wears different eyewear based on the circumstance. Hence, consumers wanting relatively new designs are making businesses focus on R&D in order to generate innovative products, thereby bolstering industry expansion.
• The high lens prices are estimated to impede the growth of this business sphere in the forthcoming years.

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Segmental Overview:

Product Type	Overnight Ortho-K Lenses
	Day-time Ortho-K Lenses
Indication	Astigmatism
	Hypermetropia
	Presbyopia
	Myopia
Distribution Channel	Ophthalmology Clinics
	Optometry Clinics
	Hospitals
	Others
Regions	North America
	Europe
	Asia Pacific
	Latin America

 

Window to the future:
 

• North America orthokeratology lens market is poised to grow at a considerable CAGR during the assessment period, attributed to the introduction of overnight ortho-K-lenses, increasing incidences of vision impairment, and the rising use of orthokeratology lenses in countries like United States and Canada are expected to provide a plethora of new job possibilities in the region.

Asia Pacific industry is slated to register notable traction during the analysis period, owing to surging healthcare expenditure, growing awareness of eye problems, and increasing geriatric population base in countries like India & China.

 

Explainer:

For the record, orthokeratology lenses are one of the most intriguing developments in the ophthalmology industry. It gives the possibility of adopting modern technology to improve patients' vision and quality of life. With advancements in diagnostic tools and lens materials, orthokeratology may be a feasible alternative to invasive surgery.

The COVID-19 pandemic hindered market participants' operations and financial liquidity in a range of industries, including ophthalmology.

However, advancement in diagnostic technologies & lens materials is making orthokeratology a preferred option over invasive surgeries, thus propelling industry development.

MiracLens LLC, Art Optical Contact Lens Inc., TruForm Optics Inc., GP Specialists, Brighten Optix Corporation, Alpha Corporation, Johnson & Johnson Vision Care Inc., CooperVision Inc., Euclid Systems Corporation, and Bausch & Lomb Inc. are the notable companies in global orthokeratology lens industry.

Concluding lines:

Market research helps to identify and analyze the customer needs and the competition. MarketStudyReport has a report titled ‘Global Orthokeratology Lens Market Size study, by Product Type (Day-time Ortho-K Lenses, Overnight Ortho-K Lenses) by Indication (Myopia, Presbyopia, Hypermetropia, Astigmatism) by Distribution Channel (Hospitals, Optometry Clinics, Ophthalmology Clinics, Others) and Regional Forecasts 2022-2028’ which consists of information about numerous growth drivers and factors that may impede industry development during the review period. Hence, to mitigate their impact on the industry revenues, the report lists the solutions that companies can employ such as effective strategies and new product innovations.