Orthokeratology Market

Orthokeratology Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK,
AND OPPORTUNITY ANALYSIS, 2018-2026
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REPORT DESCRIPTION
Orthokeratology Market – Overview
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).
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REPORT DESCRIPTION
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.
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REPORT DESCRIPTION
Orthokeratology Market: Key Players
●
Autek China
●
Alpha Corporation
●
Bausch and Lomb
●
Euclid Systems
●
E & E Optics
●
Essilo International
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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).