As per the latest research citing of the World Health Organization 2015 report, the number of people suffering with eyesight problems are 153 million, globally. It is very important to understand that refractive errors cannot be prevented but their early diagnosis and use of orthokeratology lenses for a prolonged period can result in permanent correction. Ortho-K/orthokeratology costs very less and the corneal reshaping is reversible, and therefore has been considered as a viable option for patients whose eye shapes are still changing.
Orthokeratology lenses have applications in treatment of refractive errors of eyes which includes myopia, hypermetropia, astigmatism and presbyopia. Hospitals, clinics and eye care shops are the points of dispensation of these products. By material type, the market is categorized as fluorosilicone acrylate, silicone acrylate, balafilcon and Oprifocon A. Market assessment for the above mentioned segments is done by data forecasting and market sizing.
Cross country sectional segmentation is given for major geographical regions in terms of material, application and point of dispensation.
This market assessment gives a brief elucidation of data forecasting and market sizing which is an important tool to map and understand the market trends and business dynamics prevalent in the orthokeratology lenses market. Company product portfolio gives an insight on the diverse range of orthokeratology lenses currently available in the market for treatment of refractive errors. Company profiles will furnish entire product range of the orthokeratology lenses and financial information of the companies, and their current market position. The companies prominent in orthokeratology lenses market are Alpha Corporation, Autek, Bausch & Lomb Incorporated, Essilor, Euclid, E&E Optics, GP Specialists, Paragon Vision Sciences, Procornea and Taiwan Macro Vision Corporation.
Orthokeratology refers to a corneal refractive therapy which employs gas permeable contact lenses to reshape the eye cornea therefore reduce refractive errors. The reshaping of cornea is reversible and cornea attains its intended shape once the lenses are removed. Orthokeratology proves an effective option to patients who do not want to wear eyeglasses and neither undergo LASIK surgery as a refractive error therapy. Adverse events related to orthokeratology are cornea edema, cornea staining and redness. Myopia is the largest indication seen in all age group patients, where orthokeratology used as a therapy to correct -6.00 diopter of myopia. Orthokeratology has been effective in reducing and achieving 6/6 vision in adolescent patients by creating a phenomenon called as peripheral myopia. Hypermetropia is diagnosed in about one fourth of the population diagnosed for refractive errors. It is widely prevalent in elderly population due to reduction in emmetropization process, resulting in shorter eyeballs with vision falling behind the retina. The companies prominent in orthokeratology lenses market are Alpha Corporation, Autek, Bausch & Lomb Incorporated, Essilor, Euclid, E&E Optics, GP Specialists, Paragon Vision Sciences, Proc
Gas permeable contact lenses have been approved by FDA for their application in orthokeratology. Earlier, contact lenses were made from poly methyl methacrylate as it had meritorious features such as good optical properties, shatter resistant and lightweight. However, the use of this material was discontinued as it was not permeable to oxygen gas, which is an important prerequisite for the epithelial cells of cornea to remain healthy. As of now, manufacturers are producing rigid lenses incorporating polymers with permeability for oxygen and other gases. Currently, oprifocon A and fluorosilicone acrylate are used in making lenses for orthokeratology treatment due to reduced eye blinking on account of their larger size covering the entire corneal circumference. They impose optimal pressure on cornea to induce the growth of epithelial cells. Balafilcon and silicon acrylate derivatives are studied rigorously to optimize their use as orthokeratology lenses. They have inherent qualities such as high wettability, surface stiffness and high oxygen permeability, which qualifies them as ideal for use in orthokeratology.
The point of dispensation is quite dynamic where a few patients opt to visit the ophthalmologist for comprehensive diagnosis of ophthalmic conditions and few patients visit optometrist to get diagnosis of several refractive errors. The World Health Organization’s 2015 global survey report has stated that currently 30% of the global population is suffering with myopia, and by 2050 it is anticipated to rise to 50% of the global population. Patients in developed countries prefer to visit hospitals on account of technological advancement in the diagnosis of eyesight and it is the first point of approach for ailing patients in remote settings where patients anticipate receive proper training regarding the safe use of orthokeratology contact lenses. Eye care shops have tremendous potential to proliferate in orthokeratology lenses market, as patients find it convenient in receiving diagnosis and lenses prescribed from an optometrist at a relatively cheaper cost. They usually dispense different variety of eye-care products often prescribed by ophthalmologists.
According to the Center for Disease Control and Prevention 2015 report, about 11 million of 12 years old Americans have the potential to improve their eyesight refractive error correction with early diagnosis and treatment. United States is the most dominating market in orthokeratology lenses on account of rising prevalence of myopia in adult population, greater awareness and accessibility, and wide presence of well-established eye care clinics. Technological advancement of eye diagnostic equipment and increasing demand for orthokeratology lenses gives thrust to the European market growth. Huge population base suffering with refractive errors and emergence of domestic players has created a competitive scenario, which has a positive impact on the growth of orthokeratology lenses market in Asia Pacific.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Orthokeratology Lenses market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Material
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Application
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Point of Dispensation
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
