Orthokeratology Contact Lens Market Global Trends, Market Share, Industry Size, Growth, Opportunitie

September 29, 2019

Author: Akash Dadhich

Orthokeratology Contact Lens Market Introduction

The orthokeratology contact lens market is forecasted to value over US$ 66 million by the end of 2026 and expanding at a CAGR of over 7% during the forecast period, 2019 to 2026.

Orthokeratology contact lens (also known as Ortho-K, OK, corneal reshaping, corneal refractive therapy, and vision shaping treatment) is an alternative method to correct refractive errors using custom-designed rigid lenses to temporarily modify the curvature of the cornea. Modern Ortho-K technology uses breathable rigid lens material and reverses geometry designs to allow faster and more effective corneal reshaping. Contrasting to the traditional Ortho-K designs, which use a series of progressively flattening concentric curves surrounding a central base curve fitting in alignment with the central cornea, the modern reverse geometry designs for myopia correction are characterized by a central base curve, that is, fitted significantly flatter relative to the central corneal curvature and one or more surrounding steeper secondary or "reverse" curves that enable a smooth transitioning from the flat-fitting base curve to the alignment-fitting landing curve. Currently, the most common clinical application of Ortho-K is for the reduction of myopia through corneal flattening.

Orthokeratology Contact Lens Market Overview

According to WHO, refractory error and visual impairments can affect more 200 million people around the world. Refractive errors and visual impairments have huge impact personal well being of the general population and created a huge demand for effective treatment techniques. Rising prevalence of refractory errors among the general population boosted the demand of Orthokeratology techniques. Further, the rapid evolution of technical expertise reduced the risk factors of microbial keratitis and improved the efficiency of the process. Along with this, Orthokeratology has proven effective over the traditional method in controlling myopia progression. Further, increasing per capita healthcare expenditure of the general population has increased the adoption of orthokeratology procedures and led to the robust growth of the market. It is further supported by increasing healthcare expenditure and reimbursement policies by government bodies led to predominated growth during the forecast period.

Market is dominated by developed economies like North America and Europe region due to high per capita healthcare expenditure. North America accounts major share in the global market due to high adoption among end-user segment. The US dominated global market and it is a major shareholder. Europe is second major shareholder in global market and it is driven by well-established healthcare policies and reimbursement policies. The Asia Pacific is the third major shareholder and is expected to gain traction during the forecast period. In the late phase of the forecast period, Asia Pacific is expected to hold the second position in the global market due to increasing adoption. Latin America is a fast growing region and expected to remain the same throughout the forecast period due to increasing prevalence. Rest of World is second fast-growing region in the global market due to increasing prevalence.

Orthokeratology Contact Lens market players include Euclid Systems, Bausch & Lomb, Precision Technologies, HORUS S.n.C. di Risoldi & C, Scotlens and others

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Orthokeratology Contact Lens Market Segmentation

By Lens Type

+ Overnight Ortho-K

+ Daytime Ortho-K

By End User

+ Vision Care Centres

+ Ophthalmic Clinics

+ Hospitals

By Region

+ North America

+ Latin America

+ Europe

+ Asia Pacific

+ Rest of the World

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Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global Orthokeratology Contact Lens Market by Lens Type, by End-User, and by Region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies

Table of Contents

Introduction

Scope and Objective

Assumptions and Acronyms

Forecast Factors

Research Methodology

Executive Summary

Industry Cluster Analysis

Competition Matrix

Strategies Recommendations

Market Definition

Report Scope (Inclusions & Exclusions)

Market Segmentation

Global Orthokeratology Contact Lens Market Overview

Global Orthokeratology Contact Lens Market Revenue (USD Mn)

Key Inclusions

Porter’s Five Force analysis

Market Dynamics

Industry Trends

Regulatory Guidelines

Opportunities in Orthokeratology Contact Lens

Competition Dynamics

Company Share Analysis (2019)

Top 10 Product Pricing by Region

Global Orthokeratology Contact Lens Market Revenue (USD Mn), 2019-2026 by Lens Type

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Lens Type, 2019-2026

Overnight Ortho-K

Daytime Ortho-K

Global Orthokeratology Contact Lens Market Revenue (USD Mn), 2019-2026 by End User

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026

Vision Care Centres

Ophthalmic Clinics

Hospitals

Global Orthokeratology Contact Lens Market Revenue (USD Mn), 2019-2026 by Region

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Region,2026

North America

Latin America

Europe

Asia Pacific

Rest of world

North America Orthokeratology Contact Lens Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Canada

Market Revenue (USD Mn) Assessment and Forecast by Lens Type, 2019-2026

Overnight Ortho-K

Daytime Ortho-K

Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026

Vision Care Centres

Ophthalmic Clinics

Hospitals

Latin America Orthokeratology Contact Lens Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Brazil

Mexico

Argentina

Rest of Latin America

Market Revenue (USD Mn) Assessment and Forecast by Lens Type, 2019-2026

Overnight Ortho-K

Daytime Ortho-K

Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026

Vision Care Centres

Ophthalmic Clinics

Hospitals

Europe America Orthokeratology Contact Lens Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Germany

France

Spain

Russia

Poland

Rest of Europe

Market Revenue (USD Mn) Assessment and Forecast by Lens Type, 2019-2026

Overnight Ortho-K

Daytime Ortho-K

Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026

Vision Care Centres

Ophthalmic Clinics

Hospitals

Asia Pacific America Orthokeratology Contact Lens Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Emerging Asia

China

India

ASEAN-5

Rest of Emerging Asia

Japan

Market Revenue (USD Mn) Assessment and Forecast by Lens Type, 2019-2026

Overnight Ortho-K

Daytime Ortho-K

Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026

Vision Care Centres

Ophthalmic Clinics

Hospitals

Rest of World America Orthokeratology Contact Lens Market Revenue (US$ Mn), 2019-2026

Key Market Findings

Long Term ROI Segments

Revenue Opportunity Influencing Factors

Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026

Middle East

South Africa

North Africa

Rest of World

Market Revenue (USD Mn) Assessment and Forecast by Lens Type, 2019-2026

Overnight Ortho-K

Daytime Ortho-K

Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026

Vision Care Centres

Ophthalmic Clinics

Hospitals

Company Profiles

Competition Landscape

Global Company Share (USD Mn) Overview, 2019

Company Profiles

Research Sources & Primary Verbatim

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