Orthokeratology Market - Forecast(2021 - 2026)

Report Code: HCR 1440 Report Format: PDF + Excel (Delivery in 48 Hrs)

Orthokeratology Market Overview

The Orthokeratology Market size is forecast to reach $74.8 million by 2026, after growing at a CAGR of 7.3% during the forecast period 2021-2026. Orthokeratology uses specially designed contact lenses to reduce myopia and is a non-surgical procedure. It reduces the risk in comparison to refractive surgery and are prescribed to correct refractive errors. Rise in number of individuals with refractive errors and increasing awareness among people about the use of orthokeratology lenses for the treatment of myopia are the major factors driving the growth of the market. Rise in the number of individuals with refractive errors and high availability of opthalmologists are set to further enhance the overall market demand for the Orthokeratology Market for the period 2021-2026.

Report Coverage

The report: “Orthokeratology Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Orthokeratology Market.
By Product: Overnight Ortho K Lenses, and Daytime Ortho K Lenses.
By Application: Myopia, Hypermetropia, Astigmatism, and Presbyopia.
By End Use: Hospital, Ophthalmology Clinics, Vision Care Centers, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand, and Rest of Asia Pacific)), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

  • North America dominated the Orthokeratology Market in 2020 owing to the continued funding for the development of new products for the treatment of ophthalmologic conditions and an increasing number of online campaigns. The Orthokeratology Market scope for different regions will be provided in the final report.
  • Increasing burden of short-sightedness among the regional population and rapid increase of childhood myopia are likely to aid the market growth of the Orthokeratology Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Orthokeratology report. 
  • Lack of training of wearers and improper fitting procedures is poised to create hurdles for the Orthokeratology Market.

Orthokeratology Market Segment Analysis – By Product

Overnight Ortho K Lenses held the largest share in the Orthokeratology Market in 2020 and is estimated to grow at a CAGR 8.1% during the forecast period 2021-2026. Overnight ortho k lenses are designed with gas permeable contact lenses that are worn overnight rather than during the day. The lenses gently and gradually reshape the surface of the eye while the patient sleeps and is used to treat as well as even eliminate conditions such as myopia, hyperopia, and astigmatism. The type and amount of refractive errors differ on a case-by-case basis and the optician is able to acknowledge it with more specific guidance. Overnight Ortho K Lenses is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

Orthokeratology Market Segment Analysis – By Application

Myopia held the largest share in the Orthokeratology Market in 2020 and is estimated to grow at a CAGR 6.8% during the forecast period 2021-2026. Myopia is also known as near-sightedness and it is a refractive error in which the eyes do not refract light properly. Images are not clear as the light does not focus correctly. Myopia affects an estimated 30% of Americans. Myopia is inherited and is often discovered in children when they are less than 13 years old. It can also occur in adults. Myopia becomes worse when the body grows rapidly. Parallel rays of light coming from infinity fall behind the retina in hypermetropia. Hypermetropia is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.

Orthokeratology Market Segment Analysis – By Geography

North America dominated the Orthokeratology Market with a major share of 37.2% in 2020. This is attributed to the continued funding for the development of new products for the treatment of ophthalmologic conditions. High demand of ophthalmologists and the rapid increase of childhood myopia are increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the prolonged use of laptops, smartphones, and tablets that is causing digital eyes to strain to lead to permanent eye damage among kids and the young population.

Orthokeratology Market Revenue Share, By Geography, 2020 (%)


Orthokeratology Market Drivers

Increasing Prevalence of Myopia and Presbyopia

The increasing prevalence of myopia and presbyopia is increasing the growth of the Orthokeratology Market. Myopia results in near-sightedness and causes distant objects to appear blurred. It can be caused by the cornea and eye being too curved for the length of the eyeball. Presbyopia is the aging of the eye that will affect almost everyone eventually regardless of whether one has previously perfect vision. Myopia affects 1.89 million people in U.S. Thus, increasing the growth of the Orthokeratology Market during the forecast period 2021-2026.

Growing Adoption of Advanced and Innovative Ortho K Lenses

The growing adoption of advanced and innovative ortho k lenses is increasing the growth of the Orthokeratology Market. Ortho K lens is also known as corneal reshaping contact lenses to correct or control myopia. Ortho K lenses gently reshape the front surface of the eye cornea while they sleep. The patient enjoys clear vision during the day without glasses after removing the lenses. Corneal refractive therapy are brand of corneal reshaping lens which is technically different from orthokeratology but produces comparable results. A non-invasive medical imaging technique for mapping the curvature of cornea is corneal topography. Thus, increasing the growth of the Orthokeratology Market during the forecast period 2021-2026.

Orthokeratology Market Challenges

Lack of Training of Wearers and Improper Fitting Procedures

Some of the factors that are set to impede the growth of the Orthokeratology Market are the lack of training of wearers and improper fitting procedures. Proper compliance to lens care regimens and high cost of overall treatment is also set to create hurdles for the market.

Orthokeratology Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Orthokeratology Market. In 2020, the Orthokeratology Market share is consolidated by the top ten players present in the market. Orthokeratology Market, top 10 companies are Brighten Optix, Contex, E & E Optics, Euclid, GP Specialists, Lucid Korea, Menicon, Paragon, and Procornea among others.

Acquisitions/Product Launches 

  • In January 2019, Contamac launched optimum infinite that is a rigid gas permeable lens materials.

Related Reports

Report Code: HCR 42071
Report Code: ESR 93865

For more Lifesciences and Healthcare related reports, please click here
1. Orthokeratology Market - Overview
    1.1 Definitions and Scope
2. Orthokeratology Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Application
    2.4 Key trends by End User
    2.5 Key trends by Geography
3. Orthokeratology Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Orthokeratology Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Orthokeratology Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Orthokeratology Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Orthokeratology Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Orthokeratology Market – By Product(Market Size –$Million/$Billion)
    8.1 Overnight Ortho K Lenses
    8.2 Daytime Ortho K Lenses
9. Orthokeratology Market – By Application(Market Size –$Million/$Billion)
    9.1 Myopia
    9.2 Hypermyopia
    9.3 Astigmatism
    9.4 Presbyopia
10. Orthokeratology Market – By End User(Market Size –$Million/$Billion)
    10.1 Hospitals
    10.2 Ophthalmology Clinics
    10.3 Vision Care Center
    10.4 Others
11. Orthokeratology Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
        11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Orthokeratology Market - Entropy
13. Orthokeratology Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Orthokeratology Market – Key Company List by Country Premium Premium
15. Orthokeratology Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Competition Landscape Market 2019-2024 ($M)
2.Global Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 ($M)
2.1 By Indication, Market 2019-2024 ($M) - Global Industry Research
2.1.1 Myopia Market 2019-2024 ($M)
2.1.2 Presbyopia Market 2019-2024 ($M)
2.1.3 Hyperopia Market 2019-2024 ($M)
2.1.4 Astigmatism Market 2019-2024 ($M)
2.2 By Indication, Market 2019-2024 ($M) - Global Industry Research
2.2.1 Myopia Market 2019-2024 ($M)
2.2.2 Presbyopia Market 2019-2024 ($M)
2.2.3 Hyperopia Market 2019-2024 ($M)
2.2.4 Astigmatism Market 2019-2024 ($M)
3.Global Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
3.1 By Distribution Channel, Market 2019-2024 ($M) - Global Industry Research
3.1.1 Hospitals Market 2019-2024 ($M)
3.1.2 Optometry Clinics Market 2019-2024 ($M)
3.1.3 Ophthalmology Clinics Market 2019-2024 ($M)
3.2 By Distribution Channel, Market 2019-2024 ($M) - Global Industry Research
3.2.1 Hospitals Market 2019-2024 ($M)
3.2.2 Optometry Clinics Market 2019-2024 ($M)
3.2.3 Ophthalmology Clinics Market 2019-2024 ($M)
4.Global Competition Landscape Market 2019-2024 (Volume/Units)
5.Global Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 (Volume/Units)
5.1 By Indication, Market 2019-2024 (Volume/Units) - Global Industry Research
5.1.1 Myopia Market 2019-2024 (Volume/Units)
5.1.2 Presbyopia Market 2019-2024 (Volume/Units)
5.1.3 Hyperopia Market 2019-2024 (Volume/Units)
5.1.4 Astigmatism Market 2019-2024 (Volume/Units)
5.2 By Indication, Market 2019-2024 (Volume/Units) - Global Industry Research
5.2.1 Myopia Market 2019-2024 (Volume/Units)
5.2.2 Presbyopia Market 2019-2024 (Volume/Units)
5.2.3 Hyperopia Market 2019-2024 (Volume/Units)
5.2.4 Astigmatism Market 2019-2024 (Volume/Units)
6.Global Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 (Volume/Units)
6.1 By Distribution Channel, Market 2019-2024 (Volume/Units) - Global Industry Research
6.1.1 Hospitals Market 2019-2024 (Volume/Units)
6.1.2 Optometry Clinics Market 2019-2024 (Volume/Units)
6.1.3 Ophthalmology Clinics Market 2019-2024 (Volume/Units)
6.2 By Distribution Channel, Market 2019-2024 (Volume/Units) - Global Industry Research
6.2.1 Hospitals Market 2019-2024 (Volume/Units)
6.2.2 Optometry Clinics Market 2019-2024 (Volume/Units)
6.2.3 Ophthalmology Clinics Market 2019-2024 (Volume/Units)
7.North America Competition Landscape Market 2019-2024 ($M)
8.North America Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 ($M)
8.1 By Indication, Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Myopia Market 2019-2024 ($M)
8.1.2 Presbyopia Market 2019-2024 ($M)
8.1.3 Hyperopia Market 2019-2024 ($M)
8.1.4 Astigmatism Market 2019-2024 ($M)
8.2 By Indication, Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Myopia Market 2019-2024 ($M)
8.2.2 Presbyopia Market 2019-2024 ($M)
8.2.3 Hyperopia Market 2019-2024 ($M)
8.2.4 Astigmatism Market 2019-2024 ($M)
9.North America Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
9.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Hospitals Market 2019-2024 ($M)
9.1.2 Optometry Clinics Market 2019-2024 ($M)
9.1.3 Ophthalmology Clinics Market 2019-2024 ($M)
9.2 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Hospitals Market 2019-2024 ($M)
9.2.2 Optometry Clinics Market 2019-2024 ($M)
9.2.3 Ophthalmology Clinics Market 2019-2024 ($M)
10.South America Competition Landscape Market 2019-2024 ($M)
11.South America Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 ($M)
11.1 By Indication, Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Myopia Market 2019-2024 ($M)
11.1.2 Presbyopia Market 2019-2024 ($M)
11.1.3 Hyperopia Market 2019-2024 ($M)
11.1.4 Astigmatism Market 2019-2024 ($M)
11.2 By Indication, Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Myopia Market 2019-2024 ($M)
11.2.2 Presbyopia Market 2019-2024 ($M)
11.2.3 Hyperopia Market 2019-2024 ($M)
11.2.4 Astigmatism Market 2019-2024 ($M)
12.South America Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
12.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Hospitals Market 2019-2024 ($M)
12.1.2 Optometry Clinics Market 2019-2024 ($M)
12.1.3 Ophthalmology Clinics Market 2019-2024 ($M)
12.2 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Hospitals Market 2019-2024 ($M)
12.2.2 Optometry Clinics Market 2019-2024 ($M)
12.2.3 Ophthalmology Clinics Market 2019-2024 ($M)
13.Europe Competition Landscape Market 2019-2024 ($M)
14.Europe Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 ($M)
14.1 By Indication, Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Myopia Market 2019-2024 ($M)
14.1.2 Presbyopia Market 2019-2024 ($M)
14.1.3 Hyperopia Market 2019-2024 ($M)
14.1.4 Astigmatism Market 2019-2024 ($M)
14.2 By Indication, Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Myopia Market 2019-2024 ($M)
14.2.2 Presbyopia Market 2019-2024 ($M)
14.2.3 Hyperopia Market 2019-2024 ($M)
14.2.4 Astigmatism Market 2019-2024 ($M)
15.Europe Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
15.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
15.1.1 Hospitals Market 2019-2024 ($M)
15.1.2 Optometry Clinics Market 2019-2024 ($M)
15.1.3 Ophthalmology Clinics Market 2019-2024 ($M)
15.2 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
15.2.1 Hospitals Market 2019-2024 ($M)
15.2.2 Optometry Clinics Market 2019-2024 ($M)
15.2.3 Ophthalmology Clinics Market 2019-2024 ($M)
16.APAC Competition Landscape Market 2019-2024 ($M)
17.APAC Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 ($M)
17.1 By Indication, Market 2019-2024 ($M) - Regional Industry Research
17.1.1 Myopia Market 2019-2024 ($M)
17.1.2 Presbyopia Market 2019-2024 ($M)
17.1.3 Hyperopia Market 2019-2024 ($M)
17.1.4 Astigmatism Market 2019-2024 ($M)
17.2 By Indication, Market 2019-2024 ($M) - Regional Industry Research
17.2.1 Myopia Market 2019-2024 ($M)
17.2.2 Presbyopia Market 2019-2024 ($M)
17.2.3 Hyperopia Market 2019-2024 ($M)
17.2.4 Astigmatism Market 2019-2024 ($M)
18.APAC Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
18.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
18.1.1 Hospitals Market 2019-2024 ($M)
18.1.2 Optometry Clinics Market 2019-2024 ($M)
18.1.3 Ophthalmology Clinics Market 2019-2024 ($M)
18.2 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
18.2.1 Hospitals Market 2019-2024 ($M)
18.2.2 Optometry Clinics Market 2019-2024 ($M)
18.2.3 Ophthalmology Clinics Market 2019-2024 ($M)
19.MENA Competition Landscape Market 2019-2024 ($M)
20.MENA Orthokeratology Market Analysis and Forecast , By Indication Market 2019-2024 ($M)
20.1 By Indication, Market 2019-2024 ($M) - Regional Industry Research
20.1.1 Myopia Market 2019-2024 ($M)
20.1.2 Presbyopia Market 2019-2024 ($M)
20.1.3 Hyperopia Market 2019-2024 ($M)
20.1.4 Astigmatism Market 2019-2024 ($M)
20.2 By Indication, Market 2019-2024 ($M) - Regional Industry Research
20.2.1 Myopia Market 2019-2024 ($M)
20.2.2 Presbyopia Market 2019-2024 ($M)
20.2.3 Hyperopia Market 2019-2024 ($M)
20.2.4 Astigmatism Market 2019-2024 ($M)
21.MENA Orthokeratology Market Analysis and Forecast , By Distribution Channel Market 2019-2024 ($M)
21.1 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
21.1.1 Hospitals Market 2019-2024 ($M)
21.1.2 Optometry Clinics Market 2019-2024 ($M)
21.1.3 Ophthalmology Clinics Market 2019-2024 ($M)
21.2 By Distribution Channel, Market 2019-2024 ($M) - Regional Industry Research
21.2.1 Hospitals Market 2019-2024 ($M)
21.2.2 Optometry Clinics Market 2019-2024 ($M)
21.2.3 Ophthalmology Clinics Market 2019-2024 ($M)

LIST OF FIGURES

1.US Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
2.Canada Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
3.Mexico Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
4.Brazil Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
5.Argentina Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
6.Peru Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
7.Colombia Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
8.Chile Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
9.Rest of South America Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
10.UK Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
11.Germany Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
12.France Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
13.Italy Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
14.Spain Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
15.Rest of Europe Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
16.China Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
17.India Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
18.Japan Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
19.South Korea Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
20.South Africa Orthokeratology Adoption Trends 2019 Market Revenue, 2019-2024 ($M)
21.North America Orthokeratology Adoption Trends 2019 By Application
22.South America Orthokeratology Adoption Trends 2019 By Application
23.Europe Orthokeratology Adoption Trends 2019 By Application
24.APAC Orthokeratology Adoption Trends 2019 By Application
25.MENA Orthokeratology Adoption Trends 2019 By Application