Orthokeratology Market is anticipated to grow at a CAGR of 6.59% from 2021 to 2027 globally - Axiom MRC
Date: November 2021
New York, September 2021: Axiom Market Research & Consulting™ added a report on Orthokeratology Market which includes study on lens type, application, distribution channel, and geography. The Orthokeratology Market was projected to grow at a CAGR of 6.59% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Orthokeratology Market.
The factors like increasing prevalence of myopia, growing adoption of the orthokeratology, increase prevalence of high myopia has been contributing to the growth of the orthokeratology market during the forecast period. Although, the lack of training of the practitioner has been affecting the growth of the orthokeratology market over the forecast period.
The report analyses the orthokeratology market based on the lens type, application, distribution channel and geography. Based on the lens type, the orthokeratology market is segmented into flurosilicone acrylate, silicone acrylate, balafilcon, and optifocon A. By application, the orthokeratology market is segmented into myopia, hyperopia, presbyopia, and astigmatism. By distribution channel, the orthokeratology market is segmented into hospital, optometry clinics, and ophthalmology clinics. By geography, the orthokeratology market is studied in the regions including North America, Europe, Asia Pacific, and Rest of the World.
The Flurosilicone acrylate lens type has dominated the orthokeratology market in 2020
The Flurosilicone acrylate lenses have likely to have a refractive index ranging between 1.420 to 1.460 whereas the index has rarely been a factor in the choice of the rigid lens material propelling the growth of the orthokeratology market during the forecast period.
The myopia application segment has dominated the orthokeratology market in 2020
The myopia is a common condition of vision in which, the patient can see the objects that are near to the person clearly, but the far objects are blurry. The myopia mainly occurs when the shape of the eye has been causing the rays of the light for bending incorrectly, and the closer eye sightedness tends to be running in the families.
The hospital distribution channel has dominated the orthokeratology market in 2020
Because of the increasing patient footfall in the hospitals, along with the increasing number of the multi-specialty hospitals has also been responsible for boosting the growth of the orthokeratology market over the forecast period.
North America has dominated the orthokeratology market in 2020
Because of the growing development of the healthcare infrastructure along with the increasing adoption of the orthokeratology method in the region of North America has been contributing towards the growth of the orthokeratology market in the region.
The key players in the orthokeratology market are Autek China, Alpha Corporation, Bausch And Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., Gp Specialists, Paragon Vision Sciences, Procornea and Taiwan Macro Vision Corporation among others.