The Global Orthokeratology Market is expected to experience steady growth, with projections indicating the market will reach USD 659.1 million by 2034. This growth is anticipated at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2034. The market was valued at USD 412.4 million in 2024, reflecting the increasing demand for non-surgical vision correction solutions.
Key Market Drivers
The rising prevalence of refractive errors such as myopia, along with growing awareness about alternative methods to correct vision without the need for surgery, is a major factor propelling the orthokeratology market. Orthokeratology, also known as corneal reshaping, is a non-invasive treatment that uses specially designed contact lenses to temporarily reshape the cornea overnight, providing clear vision throughout the day. As the popularity of this method grows, particularly among children and young adults, the market is expected to continue its upward trajectory.
Additionally, advancements in lens technology, as well as the increasing adoption of orthokeratology in emerging markets, are further contributing to market growth.
Key Takeaways
- Market Value in 2024: USD 412.4 million
- Projected Market Value by 2034: USD 659.1 million
- CAGR: 4.80% from 2024 to 2034
- Growth Drivers: Rising prevalence of refractive errors, growing awareness of non-invasive treatments, and advancements in lens technology.
Market Overview
- 2024 Estimated Value: USD 412.4 million
- 2034 Projected Value: USD 659.1 million
- CAGR (2024-2034): 4.80%
Key Insights
Orthokeratology involves the use of specially designed contact lenses to temporarily reshape the cornea and improve vision, primarily for myopia control in children and young adults. The increasing prevalence of myopia and the rising awareness of non-surgical vision correction options are significant factors driving market growth.
Growth Drivers
Several factors contributing to the expansion of the orthokeratology market include:
- Rising Incidence of Myopia: The global increase in myopia cases, particularly among younger populations, is leading to greater demand for effective management solutions.
- Awareness of Orthokeratology Benefits: Growing awareness among parents and patients about the benefits of orthokeratology for controlling myopia progression is boosting market adoption.
Regional Insights
- North America: The largest market share, driven by high demand for vision correction treatments, increasing adoption of orthokeratology lenses, and strong healthcare infrastructure.
- Europe: Steady growth in the adoption of orthokeratology, with a significant number of patients seeking non-surgical alternatives for refractive errors.
- Asia-Pacific: The fastest-growing region due to the rising incidence of myopia, particularly among children and adolescents, and increasing healthcare access in countries like China and India.
- Latin America & Middle East/Africa: Gradual market expansion with rising awareness about eye care and non-invasive vision correction methods.
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
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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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