The global orthokeratology market is expected to experience steady growth at a significant CAGR. The market is subject to steady growth in 2021, over 2020.
Orthokeratology, also known as night vision correction, refers to the use of gas permeable contact lenses that temporarily reshape the cornea to reduce refractive errors such as myopia, hyper myopia, and astigmatism. It is a process in which epithelial cells adjust growth based on the presence of foreign material. The mechanism behind the process is that the cornea having 60% of the focusing power of the eye is sensitive to small changes. Thus, a specially shaped lens can be used to lightly squeeze the cornea, helping it to reshape for focused vision.
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Prevalence of myopia in the younger generation
Both myopia and high myopia are increasing at a significant rate overall. High myopia is the second leading cause of visual impairment in patients. Myopia can even complicate cataracts eventually leading to blindness. Young people whose cases of myopia are on the increase are referred to orthokeratology lenses. All of these factors collectively increase the demand for orthokeratology.
The requirement for expertise and the high cost can hamper growth
Fitting orthokeratology lenses is a time consuming process and more expertise is needed compared to regular contact lenses. Numerous office visits and appointments increase the overall cost of treatment. The cost of treatment depends mainly on the ophthalmologist and the duration of the correction of myopia. Spending a lot of money can be a bit difficult for the middle class and hence it acts as a limiting factor limiting the growth of the market.
Ortho K Lenses Market – Competitive Landscape
The main players in the market are focusing on innovations and more user-friendly glasses. Some of the major manufacturing companies are:
Bausch and Lob Inc,
Essilor International SA
Paragon Vision Sciences
Taiwan Macro Vision Corporation
Recent developments of the main players are:
In October 2020, Bausch Health announced the launch of the company’s new daily disposable silicone hydrogel contact lens. The new research has unique features and benefits depending on the needs of patients.
In January 2019, Contamac launched the Optimum Infinite contact lenses with a high combination of oxygen permeability and flexural modulus.
In March 2019, Alcon, Inc. announced its acquisition of U.S. medical device company PowerVision, Inc. The acquisition focuses on the creation of fluid-based intraocular lens implants.
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Ortho K Lenses Market – Regional Outlook
North America continues to dominate the orthopedic lens market due to the increasing geriatric population. The increase of ophthalmic disorders in the region and the need for diagnosis are leading the way for the growth of the market.
Asia-Pacific is expected to be the second largest market during the forecast period 2021-2031. The increase in the number of patients with eye disorders, the availability of advanced treatments due to the increased healthcare budget and good healthcare infrastructure is a growth engine in the region. According to the Asian Development Bank, the elderly population is expected to reach around 1,000 million by 2060.
Ortho K Lenses Market – Segmentation
By end user
Middle East and Africa
Key questions answered
Who are the major players in the ortho lens market? The main players in the ortho lens manufacturing market are Bausch and Lob Inc, Euclid Systems, E&E Optics, Essilor International SA, Visioneering Technologies, etc.
Which region should dominate the orthopedic lens industry? North America is expected to dominate the sector.
What are the key strategies that ortho lens manufacturers are focusing on? The major players focus on mergers, product innovations, launches, research and development to become the leading manufacturers in the market.
How successful is the ortho k lens? FDA trials show that over 65% of patients achieved 20/20 eyesight. The effect is stable but temporary. The eye will slowly lose its ionic form for 3 days if it is removed. Thus, lenses must be worn and maintained regularly.
What side effects do people find out about? During the first few days, people suffer from ghosts, double vision, twitching problems or onset of seizures especially at night. These issues are resolved after one month of wearing.
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