The steady growth of global orthokeratology market at CAGR is expected to be significant. The market is subject to steady growth in 2021, over 2020.
Orthokeratology, also known as overnight vision correction refers to the use of gas-permeable contact lenses reshaping the cornea for a time to reduce reconstruction errors such as myopia, hyper myopia and astigmatism. It is a process in which the epithelial cells alter growth according to the presence of foreign matter. The method behind the process is that a cornea that has 60% of the focal power of the eye is sensitive to small changes. Thus, a specially shaped lens can be used to lightly press the cornea, helping it to reshape for focused vision.
Myopia frequency among younger generation
Cases of Myopia and high myopia are increasing globally at a significant rate. High myopia is the second leading cause of visual impairment among patients. Myopia can even lead to cataract eventually leading to blindness. Young people with cases of myopia are progressing toward orthokeratology lenses. All of these factors together increase the demand for orthokeratology.
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Knowledge requirement and high cost can hinder growth
Knitting orthokeratology lenses is a time consuming process and requires more knowledge as compared to regular contact lenses. Many office visits and hiring increase the total cost of treatment. The cost of treatment largely depends on an eye specialist and the duration of myopia correction. Spending a lot of money can be a bit difficult for the middle class and as such, it will be a deterrent to the growth of the market.
Ortho K Lens Market – Competitive Landscape
Key market players are focusing on more user-friendly gadgets and lenses. Some of the obvious manufacturing companies are:
- Autek China
- Alpha Corporation
- Bausch and Lob Inc.,
- Euclid Systems
- Optics E&E.
- Essilor International SA
- GP specialists
- Paragon vision sciences
- Procornea
- Taiwan Macro Vision Corporation
Recent developments with key players include:
- Bausch Health announced in October 2020 the launch of a disposable silicone hydrogel contact lens. The new research has some unique features and benefits according to the needs of patients.
- In January 2019, Contamac launched the best endless contact lenses that have a high combination of oxygen permeability and flexural modulus.
- In March 2019, Alcon, Inc. acquired US-based medical device company, PowerVision, Inc. The construction is aimed at creating fluid-based intraocular lens implants.
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Ortho K lens market – Regional Outlook
North America still controls the ortho k lens market due to an increase in geriatric population. More ophthalmological disorders in the sector and need for diagnosis pave the way for market growth.
Asia-pacific is expected to be the second largest market in the forecast period 2021-2031. Increases in patients with eye problems, access to advanced treatment due to increased healthcare budget and good healthcare infrastructure are a driving force in the growth of the sector. According to the Asian Development Bank, the elderly are expected to reach around 1000 million by 2060.
Ortho K lens market – Segmentation
Depending on market
- Acrylate silicone
- Acrylate Flurosilicone
- Acrylate Flurocarbon
By end user
- Ospadalan
- Opthalmic Clinic
By Request
By area
- America
- Europe
- Asia-Pacific
- Middle East and Africa
Key questions answered
- Who are the key players in ortho k lenses market?
Key market players in the manufacture of ortho k lenses are Bausch and Lob Inc, Euclid Systems, E&E optics, Essilor International SA, Visioneering Technologies, etc.
- What sector is expected to dominate the ortho k lens division?
North America is expected to lead the region.
- What are the key strategies that ortho ka lens manufacturers focus on?
The well-known players focus on unions, product innovations, launches, research and developments to become leading manufacturers in the market.
- How successful is the ortho k lens?
FDA tests show that more than 65% of patients achieved 20/20 vision. The effect is permanent but temporary. The eye loses its shape 3 days if it is removed. Therefore, the lenses should be worn regularly and maintained.
- What side effects do people experience?
In the early days, people suffer from ghost, double vision, contract problems or start-ups especially at night. These issues will be resolved after a month of spending.
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