Orthokeratology Lens Market Research Forecast, Regional, Trends and Analysis to 2023

Market Highlights
The Global Orthokeratology Lens Market is expected to register a CAGR of 7.4% during the forecast period with a market value of USD 3,857.8 Million till 2025. Orthokeratology is also known as ortho-k, corneal refractive therapy (CRT), and overnight vision correction therapy. In the orthokeratology therapy, rigid gas permeable contact lenses are worn overnight that reshapes the curvature of the cornea to improve object visibility. The use of ortho-k lenses eliminates the need for daytime contact lenses or glasses and improves vision.
The increasing advancements in the field of ophthalmology over the past couple of decades, low cost compared to laser-assisted in situ keratomileuses (LASIK) treatment is anticipated to drive the market growth. However, the risk associated with orthokeratology and availability of alternative treatment methods is likely to hamper the market growth.
Segment Analysis
The global orthokeratology lens market is segmented into material, application, and end user. By material, has been segmented into silicone acrylate, fluorosilicone acrylate, and fluorocarbon acrylate. On the basis of application, the global orthokeratology lens market has been segmented into myopia and hyperopia. Based on end user, the market has been segmented into hospitals and ophthalmic clinic.
Market Players
MRFR recognizes the following companies as the key players in the global orthokeratology lens market— Bausch & Lomb Incorporated (US), CooperVision (US), CE GP Specialists (US), Menicon Co., Ltd (Japan), Procornea (CooperVision) (Eerbeek, Netherlands), Euclid Systems Corporation (Virginia), Visioneering Technologies, Inc. (VTI) (Georgia), Brighten Optix (Taiwan), Alcon, Inc. (Texas) and CONTAMAC (Essex).
Key Findings of the Study
  • The Global Orthokeratology Lens Market was valued at USD 2,353.7 million in 2018, is estimated to grow at USD 3,857.8 million by 2025 at a CAGR of 7.4% during the assessment period
  • Americas accounted for the largest share of the global market due to the presence of key market players and an increasing patient population in the US and Canada
  • Based on application, the myopia segment accounted for the largest market share of in 2018
  • Based on the material, the silicone acrylate segment held a major market value of USD 1,331.4 million in 2018
  • On the basis of the end user, the hospitals dominated the market and accounted for a share of 1,319.3 million in 2018

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