Orthokeratology Market, by Lens Type (Fluorosilicone Acrylate, Silicone Acrylate, Balafilcon, and Oprifocon A), by Application (Myopia, Hyperopia, Presbyopia, Astigmatism), by Distribution Channel (Hospitals, Optometry Clinics and Ophthalmology Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

  • Published On : Oct 2018 |
  • Pages : 154 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Orthokeratology Market – Insights

Orthokeratology (Ortho-k) is a process that uses specially designed contact lenses to temporarily reshape outline of the cornea to reduce myopia (nearsightedness). It is a non-surgical procedure, which offers advantage of reduced risk in comparison to refractive surgery. Ortho-k lenses are also termed as corneal reshaping contact lenses or overnight contact lenses to correct or control myopia.

These lenses are prescribed to correct refractive errors primarily nearsightedness, astigmatism, and hyperopia. In some cases, ortho-k is also used to correct presbyopia and to slow the progression of childhood myopia. According to a study published by American Academy of Optometry 2015, use of orthokeratology lenses led to a consistent reduction in myopia progression of around 45% for a period of two-year and 30% over five years, in terms of axial length.

The global orthokeratology market size was valued at US$ 37.6 million in 2017, and is expected to witness a CAGR of 7.0% over the forecast period (2018 – 2026).

Global Orthokeratology Market Revenue (US$ Mn), By Application, 2017

Source: Coherent Market Insights Analysis (2018)

Increasing prevalence of myopia and high myopia worldwide are expected to drive growth of the orthokeratology market

The prevalence of myopia and high myopia is increasing worldwide at a significant rate. Myopia is a major public health concern and high myopia is ranked second, as the leading cause of visual impairment worldwide. According to the National Center for Biotechnology Information (NCBI) 2016 report, in East Asia, nearly 50% of urban population suffered from myopia and the prevalence among students was around 90%.

Moreover, onset of visual complications from myopia occurs earlier than other causes of blindness such as cataract and thus its impact on quality of life is also observed earlier. According to the Eye Contact Lens journal 2018 study, the economic burden of eye diseases in the U.S. is around US$ 139 billion, with nearly US$ 16 billion spent on myopia correction alone. Therefore, methods for preventing myopia and controlling its progression have high demand across the globe.

Moreover, prolong usage of laptops, smartphones, and tablets is causing digital eye strain leading to permanent eye damage among kids and young population. Young people whose nearsightedness is progressively increasing are the most suitable candidates for orthokeratology. All these factors are collectively increasing the demand for ortho-K eventually driving the orthokeratology market growth.

Orthokeratology Market Restraints

According to the NCBI 2016 report, factors such as onset of microbial keratitis, lack of training of practitioners and wearers, poor compliance to lens care regimens, improper fitting procedures, and lost to routine follow-ups can decrease the adoption of orthokeratology.

Fitting orthokeratology lenses is a more time-consuming process and requires more expertise than fitting regular contact lenses. Ortho-K lens requires a series of office visits and potentially multiple sets of lenses. Therefore, it increases the overall treatment costs, which can be a significant factor limiting the orthokeratology market growth.

Moreover, the cost of ortho-k, including follow-up care can vary significantly depending on the type and degree of refractive error and duration of myopia correction. In 2016, Ortho-k prices in the U.S. ranged from US$ 1,000 to US$ 2,000 (for both eyes). This cost can increase up to US$ 4,000 based on the difficulty of cases. Furthermore, orthokeratology is not covered completely by vision care insurance plans.

Orthokeratology Market - Regional Insights

On the basis of region, the global orthokeratology market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Europe is expected to generate a significant revenue share in global orthokeratology market in 2026, owing to increasing burden of short-sightedness among the regional population. According to a study published by Ulster University in 2015, rate of short-sightedness in the U.K. has doubled over the past 50 years, as children no longer spend enough time outdoors. Moreover, around 23% of teens suffer from myopia in the country.

Rapid increase of childhood myopia in Asia population is the major factor propelling demand for orthokeratology in the region. According to the Lancet Journal 2012 data, high myopia affects nearly 20% of secondary school children in East Asia and is associated with sight-threatening irreversible pathologies. According to a 2016, study published by National Center for Biotechnology Information (NCBI), the prevalence of myopia is highest in East Asia, as 50% myopic people live in Japan, China, Singapore and the Republic of Korea.

Global Orthokeratology Market Value (US$ Mn) & Y-o-Y Growth (%)

         

 Source: Coherent Market Insights Analysis (2018)

Orthokeratology Market - Competitive Landscape

Key players operating in the global orthokeratology market include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.

Orthokeratology (Ortho-K) is a non-surgical procedure using specially designed contact lenses to gently reshape the curvature of the eye to improve vision. It is most frequently used to temporarily correct myopia (near-sightedness). Ortho-k can correct upwards of -6.00 diopters (D) of myopia. It is also useful in correction of lesser degrees of astigmatism, presbyopia and hyperopia. Overnight ortho-K lenses are most commonly used in comparison to daytime wear. According to the Eye Contact Lens journal 2016 data, in the U.S., an estimated 500,000 to one million people were using ortho-K, whereas nearly 1.5 million ortho-K wearers were reported in China. Developments in peripheral refraction testing in combination with customized lens design is expected to show better myopia control with ortho-K.

Market Dynamics

Increasing prevalence of myopia and high myopia around the world is the major factor driving the orthokeratology market growth. Myopia is the most common cause of correctable visual impairment among adults and children and is a leading cause of preventable blindness in emerging economies. According to a 2016, study published in National Center for Biotechnology Information (NCBI), myopia affects 1.89 billion people worldwide and it is projected to affect 2.56 billion people by 2020. Furthermore, myopia and high myopia will affect 52% (4,949 million) and 10.0% (925 million), respectively, of the world’s population by 2050.

Orthokeratology has become one of the most popular choices among children for refractive correction. However, with increasing adoption of Ortho-K worldwide, potential complications associated with the treatment have become a significant concern. Potential complications associated with Ortho-K include microbial keratitis, lens binding, and corneal staining. Microbial keratitis remains as the most serious and sight-threatening complication of Ortho-K. Moreover, increasing visibility of fibrillary lines, epithelial pigment deposit, and transient changes of corneal biomechanical properties are other clinically insignificant side effects of orthokeratology lens.

Key features of the study:

  • This report provides in-depth analysis of the orthokeratology market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles key players in the global orthokeratology market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global orthokeratology market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for orthokeratology market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Orthokeratology Market, By Lens Type:
    • Fluorosilicone Acrylate
    • Silicone Acrylate
    • Balafilcon
    • Oprifocon A
  • Global Orthokeratology Market, By Application:
    • Myopia
    • Hyperopia
    • Presbyopia
    • Astigmatism
  • Global Orthokeratology Market, By Distribution Channel:
    • Hospitals
    • Optometry Clinics
    • Ophthalmology Clinics
  • Global Orthokeratology Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Lens Type:
        • Fluorosilicone Acrylate
        • Silicone Acrylate
        • Balafilcon
        • Oprifocon A
      • By Application:
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
      • By Distribution Channel:
        • Hospitals
        • Optometry Clinics
        • Ophthalmology Clinics
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Lens Type:
        • Fluorosilicone Acrylate
        • Silicone Acrylate
        • Balafilcon
        • Oprifocon A
      • By Application:
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
      • By Distribution Channel:
        • Hospitals
        • Optometry Clinics
        • Ophthalmology Clinics
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Lens Type:
        • Fluorosilicone Acrylate
        • Silicone Acrylate
        • Balafilcon
        • Oprifocon A
      • By Application:
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
      • By Distribution Channel:
        • Hospitals
        • Optometry Clinics
        • Ophthalmology Clinics
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Lens Type:
        • Fluorosilicone Acrylate
        • Silicone Acrylate
        • Balafilcon
        • Oprifocon A
      • By Application:
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
      • By Distribution Channel:
        • Hospitals
        • Optometry Clinics
        • Ophthalmology Clinics
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Lens Type:
        • Fluorosilicone Acrylate
        • Silicone Acrylate
        • Balafilcon
        • Oprifocon A
      • By Application:
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
      • By Distribution Channel:
        • Hospitals
        • Optometry Clinics
        • Ophthalmology Clinics
    • Africa
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
      • By Lens Type:
        • Fluorosilicone Acrylate
        • Silicone Acrylate
        • Balafilcon
        • Oprifocon A
      • By Application:
        • Myopia
        • Hyperopia
        • Presbyopia
        • Astigmatism
      • By Distribution Channel:
        • Hospitals
        • Optometry Clinics
        • Ophthalmology Clinics
  • Company Profiles
    • Autek China*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Alpha Corporation
    • Bausch and Lomb Inc.
    • Euclid Systems
    • E & E Optics
    • Essilor International S.A.
    • GP Specialists
    • Paragon Vision Sciences
    • Procornea
    • Taiwan Macro Vision Corporation

“*” marked represents similar segmentation in other categories in the respective section.

 

 

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Lens Type
      • Market Snippet, By Application
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technological Advancements
    • Pricing Analysis
    • Epidemiology Analysis
  4. Global Orthokeratology Market, By Lens Type, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Fluorosilicone Acrylate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Silicone Acrylate
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Balafilcon
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Oprifocon A
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Orthokeratology Market, By Application, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Myopia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Hyperopia
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Presbyopia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Astigmatism
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Orthokeratology Market, By Distribution Channel, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Optometry Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Ophthalmology Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global Orthokeratology Market, By Region, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Lens Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Lens Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Lens Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Lens Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Lens Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Lens Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Autek China
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Alpha Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Bausch and Lomb Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Euclid Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • E & E Optics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Essilor International S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • GP Specialists
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Paragon Vision Sciences
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Procornea
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Taiwan Macro Vision Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 26 figures on "Orthokeratology Market” - Global forecast to 2026”.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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