Orthokeratology Market: Introduction
Orthokeratology (Ortho-K), refers to a non-invasive treatment choice for myopia, hyperopia, astigmatism, and presbyopia, depending on the reason of corneal substitution. The FDA has endorsed two Ortho-K treatments: Vision Shaping Treatment (VST) and Corneal Refractive Therapy (CRT).
Orthokeratology facilitates the efficient treatment of contact lens related vision impairments, permitting patients to carry on with a functioning way of life. This is a significant variable projected to boost the worldwide orthokeratology market. Also, expanding online education and information about Ortho-K, along with an increment in the positive result of orthokeratology lens lately, is probably going to impel the worldwide orthokeratology market in the coming years.
Market overview
The major reasons like the increment in the prevalence of myopia across the globe are driving the worldwide orthokeratology market development. Alongside, myopia is a primary public health concern and high myopia is ranked second, in terms of visual disability index at the worldwide level. Moreover, the beginning of visual complexities from myopia happens sooner than different reasons for visual impairment like cataracts and subsequently, its effect on personal satisfaction is as well observed.
Besides, the ceaseless utilization of cell phones, PCs, and tablets is additionally causing digital eye strain, which brings about eye harm permanently among kids and the youthful populace base. This, thus, is fuelling the worldwide market extension. Youngsters whose myopia is continuously developing are the most likely to opt for orthokeratology, thus contributing to the overall market progression.
However, limiting elements, for example, the absence of skilled professionals and wearers, the onset of microbial keratitis, the improper fitting cycle, the unfortunate consistence to lens care regimens, and the loss to follow-ups could dial back the worldwide orthokeratology market development in the future years. Additionally, fitting orthokeratology lens is a more extensive technique and needs more expertise than fitting standard contact lenses. Further, orthokeratology lenses include several clinical visits and perhaps many arrangements of lenses. Thus, it expands the overall treatment costs, prompting a decrease in market development.
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Economic growth
The Global Orthokeratology Market size was $ 2,100.4 Million in 2020 and is expected to increase to a value of more than $3,510.4 Million in 2026, growing at a CAGR (Compound annual growth rate) of over 6.1% from 2022 and 2030.
Market segmentation: Analysis
The Global Orthokeratology Market is segmented by application, and geographic region.
On the basis of Application :-
- Astigmatism
- Hyperopia
- and Presbyopia
- Myopia
According to the application segmentation, myopia treatment is anticipated to dominate the worldwide orthokeratology market during the figure time frame due to rapid expansion in the pervasiveness of myopia across the globe and an increment in utilization of orthokeratology lens for treatment because of viability and huge results.
On the basis of region –
- North America (U.S., Canada)
- Europe (U.K., France, Germany, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East and Africa (GCC Countries, South Africa, Rest of Middle East Africa).
Considering the regional segmentation, Europe is likely to capture a substantial revenue share in worldwide orthokeratology market over the forecast duration attributable to expanding burden of limitation among the regional populace.
Major players in the Global Orthokeratology market are:
- Alpha Corporation
- Bausch and Lomb Inc.
- Art Optical Contact Lens Inc.
- Autek China
- Euclid Systems Corporation
- Essilor International S.A.
- E & E Optics
- GP Specialists Inc.
- Paragon Vision Sciences
- Taiwan Macro Vision Corporation
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