Orthokeratology Market – Overview
The global orthokeratology market is expected to grow at a favorable rate from 2021 to 2031 (forecast period). Orthokeratology (Ortho-K), a non-invasive treatment option for myopia, hyperopia, astigmatism, and presbyopia, is based on the premise of corneal replacement. The FDA has approved two Ortho-K therapies: Vision Shaping Treatment (VST) and Corneal Refractive Therapy (CRT).
Orthokeratology aids in the eradication of contact lens-related vision impairments, allowing patients to live an active lifestyle. This is an important factor projected to boost the global orthokeratology market. Moreover, increasing online education and knowledge about Ortho-K, together with an increase in the positive outcome of orthokeratology lenses in recent years, is likely to propel the global orthokeratology market in the years ahead.
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Orthokeratology Market – Competitive Landscape
Prominent players active in the worldwide orthokeratology market include Bausch and Lomb Inc., Autek China, Alpha Corporation, E & E Optics, Euclid Systems, Essilor International S.A., GP Specialists, Procornea, Paragon Vision Sciences, and Taiwan Macro Vision Corporation.
Market players are adopting different strategies such as product launches, joint ventures, mergers and acquisitions, and R&D efforts to boost their market position. For instance, Contamac introduced optimal infinite, a solid gas permeable lens material, in January 2019.
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Orthokeratology Market – Trends and Opportunities
High myopia and myopia are becoming increasingly common around the world. Myopia is a serious public health problem, and high myopia ranks second as the primary cause of visual impairment globally. As per National Center for Biotechnology Information (NCBI) 2016 report, approximately half of the urban population in East Asia is affected by myopia, with the frequency among students hovering around 90%.
Myopia causes vision impairments earlier than other forms of blindness, such as cataracts, and thus its impact on quality of life is recognized earlier. As per a 2018 study published in the Eye Contact Lens journal, the cost impact of eye illnesses in the United States is over US$ 139 billion, with approximately US$ 16 billion spent on myopia correction alone. As a result, methods such as orthokeratology lenses are in high demand around the world for avoiding myopia and managing its progression. Furthermore, prolonged use of smartphones, laptops, and tablets causes digital eye strain, which leads to lasting eye damage in children and young people. Orthokeratology is most suited for young persons whose nearsightedness is gradually worsening. All of these reasons, taken together, are expected to boost the demand for Ortho-K, hence propelling the orthokeratology market forward.
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Moreover, the increasing adoption of improved and novel ortho k lenses is projected to bolster the orthokeratology market growth. Ortho K lenses are corneal reshaping contact lenses used to correct or control myopia. Ortho K lenses gently rearrange the front surface of the patient's eye's cornea while the patient sleeps. After removing the lenses, the patient has a clear vision during the day without the need for glasses.
Orthokeratology Market – Regional Landscape
Europe is projected to witness considerable growth in the worldwide orthokeratology market due to the increasing incidence of short-sightedness in the region. As per a 2015 study released by Ulster University, the incidence of short-sightedness in the United Kingdom has more than doubled in the last 50 years since children rarely spend enough time outside. Furthermore, myopia affects approximately 23% of all teenagers in the country.
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The rapid rise in childhood myopia in Asia's population is expected to boost the orthokeratology market in Asia Pacific. As per data from the Lancet Journal in 2012, high myopia impacts nearly 20% of secondary students in East Asia and is linked to sight-threatening irrevocable pathologies. Moreover, as per a National Center for Biotechnology Information (NCBI) study published in 2016, the incidence of myopia is highest in East Asia, with 50% of myopic persons living in Singapore, China, Japan, and the Republic of Korea.
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