Orthokeratology Industry to Reach USD 659.1 Million by 2034, Growing at a CAGR of 4.8%

Orthokeratology Industry
Orthokeratology Industry

The global orthokeratology market is poised for steady growth, with its valuation expected to rise from USD 412.4 million in 2024 to USD 659.1 million by 2034, reflecting a CAGR of 4.8% over the forecast period.

Orthokeratology, a non-surgical vision correction method using specially designed gas-permeable contact lenses, is gaining traction as an effective treatment for conditions like myopia, hyperopia, and astigmatism. The increasing prevalence of myopia, particularly among children and young adults, is driving demand for orthokeratology as a safe and reversible alternative to corrective surgeries.

The market is also benefiting from heightened awareness of eye health and advancements in lens design and material technology, which enhance patient comfort and efficacy. Growing adoption of orthokeratology in emerging markets, coupled with supportive healthcare initiatives, is expected to further fuel market expansion.

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Key Takeaways:

  • Market Growth: The orthokeratology market is projected to grow from $412.4 million in 2024 to $659.1 million by 2034, at a CAGR of 4.8%.
  • Rising Myopia Cases: The increasing prevalence of myopia, particularly among younger demographics, is a key driver of market demand.
  • Technological Advancements: Innovations in lens design and material technology are enhancing the safety, comfort, and efficacy of orthokeratology solutions.
  • Emerging Market Opportunities: Expanding adoption in developing regions is contributing to the market’s growth trajectory.

The orthokeratology market’s progression underscores its importance as a non-invasive solution for vision correction, offering improved quality of life for individuals across age groups.

Growth Drivers

  1. Increasing Prevalence of Myopia: The rising incidence of myopia, particularly among children and young adults, is driving demand for orthokeratology solutions that provide non-surgical vision correction.
  2. Technological Advancements: Innovations in lens design and materials are enhancing the comfort and effectiveness of orthokeratology lenses, making them more appealing to users.
  3. Awareness and Education: Growing awareness about the benefits of orthokeratology for managing refractive errors is encouraging more patients to seek these options.
  4. Healthcare Infrastructure: Improved access to eye care services, particularly in developing regions, is facilitating the adoption of orthokeratology treatments.

Regional Insights

  • United States: The market in the U.S. is expected to grow at a CAGR of 5.8%, driven by established healthcare systems and high awareness levels regarding eye health.
  • India: Projected to experience significant growth at a CAGR of 9.23%, reflecting increasing healthcare investments and a rising population seeking vision correction solutions.
  • Taiwan and Germany: Both regions are also expected to see steady growth, with CAGRs of 7.1% and 4.2%, respectively.

Competitive Landscape

The orthokeratology market is competitive, with numerous significant competitors vying for market share and distinction. Leading companies in the industry, like Bausch + Lomb, Euclid Systems Corporation, and Paragon Vision Sciences, are renowned for their technological acumen and provide cutting-edge ortho-k solutions that meet the changing needs of consumers and practitioners. These businesses frequently carry out intensive R&D to create cutting-edge lens designs, materials, and production processes, fostering a vibrant and forward-thinking marketplace.

Recent Developments

  • In May 2023, Menicon Co. Ltd., launched orthokeratology lenses “Menicon Z Night” in China. The product is popular in Southeast Asia, Australia, and Europe.
  • In January 2023, CooperVision Specialty EyeCare announced the introduction of VisavyTM, a groundbreaking digital fitting tool pronounced by Vee-SAH-vee, at the 2023 Global Specialty Lens Symposium (GSLS). Topography-guided algorithms aid Paragon CRT® orthokeratology contact lens design and selection in the user-friendly web-based fitting program. This helps with myopia control.

Key Players in the Orthokeratology Market

  • Paragon Vision Sciences
  • Bausch + Lomb
  • Euclid Systems Corporation
  • GP Specialists
  • Art Optical Contact Lens, Inc.
  • Menicon Co., Ltd.
  • CooperVision
  • Visionary Optics, LLC
  • E&E Optics
  • Brighten Optix

Orthokeratology Market Segmentation

Product Type:

  • Day-time Ortho-K Lenses
  • Overnight Ortho-K Lenses

By Application:

  • Myopia
  • Presbyopia
  • Hypermetropia
  • Astigmatism

By End User:

  • Hospitals
  • Optometry Clinics
  • Ophthalmology Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Japan

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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