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What is the Anticipated CAGR of the Orthokeratology Lens Market, and What Factors Will Drive It?

The market for orthokeratology lenses has experienced robust growth lately. This is expected to escalate from a valuation of $2.56 billion in 2024 to approximately $2.76 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.1%. Factors contributing to the growth during the past period include advancements in lens materials, the management of myopia, enhanced lifestyle convenience owing to non-surgical vision correction methods and solutions for pediatric vision correction.

The market size of orthokeratology lenses is predicted to experience robust expansion in the forthcoming years, reaching $3.54 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. The upswing during the projected period can be ascribed to factors such as the escalating prevalence of myopia, increased recognition of individual preferences, improved health consciousness, worldwide spread of orthokeratology services, along with rising disposable funds. Projections for the period highlight trends such as technological progress, combination with digital healthcare platforms, partnerships with eye care experts, evolution in material technologies, and the creation of smart and inventive designs.

What Major Innovations Are Driving the Accelerated Growth of the Orthokeratology Lens Market?

The anticipated escalation in ocular disorder instances is poised to stimulate orthokeratology lens market development. Ocular disorders, alternatively referred to as eye conditions or ophthalmic conditions, encompass a broad spectrum of medical concerns and irregularities impacting the eyes and their related structures. Orthokeratology (Ortho-K) lenses are predominantly employed to rectify refractive errors, like myopia (nearsightedness), and to afford temporary vision improvement without dependence on eyeglasses or daytime contact lenses. For example, as per the Centers for Disease Control and Prevention, a US governmental agency, nearly 20.5 million Americans aged 40 and above, equivalent to 17.2% of the populace, had at least a single cataract in December 2022. By 2028, the prediction is that 30 million people will have cataracts. Consequently, the escalating prevalence of eye-related disorders is catalyzing orthokeratology lens market expansion. Increasing in the elderly population is also anticipated to stimulate orthokeratology lens market growth. This population group, generally 65 years and above, can benefit from orthokeratology lenses by having non-surgical vision correction, thus enhancing near and distant vision sans the requirement for daytime glasses or contact lenses. In October 2022, the World Health Organization, a health agency based in Switzerland, predicted that by 2030 globally, one out of every six people will be 60 years or older, and the global elderly populace is forecasted to touch 2.1 billion by 2050. Hence, the surge in the geriatric population is fueling the orthokeratology lens market’s growth.

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Who Are the Top Companies Contributing to the Growth of the Orthokeratology Lens Market?

Major companies operating in the orthokeratology lens market report are Essilor International, Johnson & Johnson Vision Care Inc., Alcon Inc., Bausch & Lomb Inc., CooperVision Inc., Orion Vision Group, Lucid Korea Co. Ltd., St. Shine Optical Co. Ltd., Autek China Inc., ABB Optical Group, Brighten Optix Co., E&E Optics Inc., Visioneering Technologies Inc., Alpha Corporation, Paragon Vision Sciences, Euclid Systems Corp., Contamac Ltd., SynergEyes Inc., Mark’ennovy Personalized Care Ltd., Art Optical Contact Lens Inc., GP Specialists Lens Inc., MiracLens LLC, TruForm Optics Inc., Corneal Lens Corporation, SwissLens S.A., Gelflex, Valley Contax Inc., Capricornia Contact Lens Pty Ltd., EyeKrafters Medical Optics, Metro Optics

How Are Technological Trends Affecting the Growth and Development of the Orthokeratology Lens Market?

Major firms in the orthokeratology lens market, such as Menicon Z Night, are increasing their market profitability by introducing innovative products. Menicon Z Night is a unique type of orthokeratology lens that is designed to reshape the cornea and reduce refractive issues like myopia, hyperopia, and astigmatism. Menicon Co. Ltd, a Japanese eyewear firm, for instance, launched an orthokeratology lens known as Menicon Z Night in May 2023. The lens is used for temporary corneal reshaping and vision enhancement. It is worn during the night to handle myopia and/or astigmatism and, after a week of use, it effectively lessens myopia and provides stable vision. The lens is generally well-received and is adjusted using computer software to guarantee a high rate of first-time fitting success.

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How Are the Key Segments of the Orthokeratology Lens Market Driving Opportunities and Innovations?

The orthokeratology lens market covered in this report is segmented –

1) By Product Type: Day-time Ortho-K Lenses, Overnight Ortho-K Lenses

2) By Lens Material: Silicone Acrylate, Fluorosilicone Acrylate, Fluorocarbon Acrylate

3) By Indication: Myopia, Presbyopia, Hypermetropia, Astigmatism

4) By Distribution Channel: Hospitals, Optometry Clinics, Ophthalmology Clinics, Other Distribution Channels

Subsegments:

1) By Day-Time Ortho-K Lenses: Single Vision Day-Time Lenses, Multifocal Day-Time Lenses

2) By Overnight Ortho-K Lenses: Single Vision Overnight Lenses, Multifocal Overnight Lenses

What Are the Key Regions Powering Growth in the Orthokeratology Lens Market?

North America was the largest region in the orthokeratology lens market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthokeratology lens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Defining Features of the Orthokeratology Lens Market?

Orthokeratology lenses are specialized rigid gas-permeable contact lenses designed to temporarily reshape the cornea, the clear, dome-shaped front surface of the eye. They are primarily used for correcting and managing nearsightedness (myopia) to eliminate the need for glasses or contact lenses during the day.

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