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.

Expanding operations in future? To get the perfect launch ask for a custom report

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.

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.

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.

Request a sample to get extensive insights into the Orthokeratology Market

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.

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.

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Orthokeratology Market