The global Orthokeratology Market is expected to reach a valuation of US$ 88.7 Million in 2028, with sales growing at a robust CAGR of 7.3% over the forecast period of 2022 to 2028. Climbing up from a value of US$ 58.1 Million in 2022, the orthokeratology market is driven by the eradication of contact lens-related vision problems. Growing awareness about orthokeratology along with a high success rate of orthokeratology lenses in the past few years are likely to further augment the market expansion of orthokeratology over the projected period.
Orthokeratology is used to treat myopia, presbyopia, hyperopia, and astigmatism. It is a non-invasive procedure and functions on the basis of corneal treatment. By wearing the orthokeratology lenses for six to eight hours at night while sleeping, patients can reshape their cornea to stimulate clear vision during daytime. The rising incidences of myopia coupled with the various advantages of orthokeratology lenses over conventional contact lenses will strengthen the future prospects of the orthokeratology market in the upcoming years.
Additionally, high prevalence of chronic diseases like diabetic retinopathy is expected to positively influence the market prospects. Developments such as the emergence of ingenious orthokeratology products and of implantable intraocular lenses will bolster the future possibilities for the orthokeratology market.
Competitive Landscape
The Cooper Companies Inc., Euclid Systems Corporation, Menicon Co., Ltd., GP Specialists, Inc., TruForm Optics, Inc., Art Optical Contact Lens, Inc., MiracLens L.L.C., and Contex, Inc, among others, are some of the major players in the orthokeratology market that are profiled in the full version of the report.
Major market players are focused on establishing stronghold in China and Japan. Mergers and collaborations are certain tactics that these businesses employ to retain a competitive advantage.
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Key Segments Covered in Orthokeratology Industry Survey
Orthokeratology Market by Indication:
Myopia
Presbyopia
Hyperopia
Astigmatism
Orthokeratology Market by Distribution Channel:
Hospitals
Optometry Clinics
Ophthalmology Clinics