Orthokeratology market

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

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Oct 2018
CMI2193
154 Pages
Excel & Pdf
Pharmaceutical

Summary

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.

Table of Content

Table of Contents

Research Objective and Assumption

Research Objectives
Assumptions
Abbreviations

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)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers
Restraints
Market Opportunities

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)

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)

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)

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

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

Section

References
Research Methodology
About us and Sales Contact

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

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- Frequently Asked Questions -

What are the growth estimates for orthokeratology market till 2026?

The global orthokeratology market is estimated to surpass US$ 68 Million by 2026.

Which are the prominent orthokeratology market players across the globe?

Major 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.

What are the key factors hampering growth of the orthokeratology market?

Onset of microbial keratitis, lack of training of practitioners and wearers, poor compliance to lens care regimens, improper fitting procedures, are some of the major factors that are expected to hamper growth of the market over the forecast period.

What are the key factors driving growth of the orthokeratology market?

Increasing prevalence of myopia and high myopia worldwide is one of the major factors that is expected to propel growth of the market over the forecast period.

What is the Compound Annual Growth Rate (CAGR) of the orthokeratology market for next 8 years?

The global orthokeratology market is estimated to exhibit a CAGR of 7.0% over the forecast period.

Which region is dominating the orthokeratology market growth?

Among regions, Europe is expected to account for significant revenue share in global orthokeratology market by 2026, owing to increasing burden of short-sightedness in the region.