Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Orthokeratology is also known as night lenses, ortho-K, overnight vision correction, corneal refractive therapy, accelerated orthokeratology. The orthokeratology is the use of gas permeable contact lenses which temporarily reshape the cornea for reducing refractive errors such as myopia, hyperopia and astigmatism. Doctors discovered the reshaping phenomena of glass lenses in early 1940. This history of orthokeratology includes contribution made by multiple authors to the use of contact lenses for myopia reduction. Orthokeratology lenses gently flatten the cornea which allow light to enter and refract properly. Which ultimately gives better and clearer vision. Ortho-K has even been shown to slow down the progressive of myopia by an average of 50%.
The North America orthokeratology market is witnessing lucrative growth during the forecast period of 2019 - 2028. The growing funding for launch of new products is propelling growth of North America orthokeratology market. The growing number of online campaigns is also boosting growth of North America orthokeratology market. The growing burden of short-sightedness among the regional population is also driving growth of North America orthokeratology market. However, improper fitting procedures is likely to hinder the growth of North America orthokeratology market.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the orthokeratology Market. In addition, complete analysis of changes on orthokeratology expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market is hampered by the COVID-19 the global pandemic situations as there is shutdown in many countries. The mismatch between demand and supply is also hindered the growth of orthokeratology market during the COVID-19 period.
The North America orthokeratology market is bifurcated into the lens type, application, distribution channel and country.
The various lens type such as Flurosilicone acrylate, silicone acrylate are comprised in the North America orthokeratology market. The silicone acrylate is also contributing to the growth of North America orthokeratology market. The growing burden of myopia is propelling growth of North America orthokeratology market. The rising adoption of orthokeratology is also boosting growth of North America orthokeratology market.
The applications such as myopia, hyperopia, presbyopia and astigmatism are comprised in the North America orthokeratology market. The hyperopia is also contributing to the growth of North America orthokeratology market. The hyperopia is a common vision condition in which one can see distant objects clearly but objects nearby may be blurry. The degree of farsightedness influences on the focusing ability. Primarily it is caused by cornea which is a thin layer at the front of the eye which isn’t curved enough by an eyeball which is too short.
The various distribution channel such as hospitals, optometry clinics and ophthalmology clinics are comprised in the North America orthokeratology market. The optometry clinics is also contributing to the growth of North America orthokeratology market. The growing prevalence of myopia is propelling growth of North America orthokeratology market. The rising adoption of ortho-K across the North America orthokeratology market.
The North America orthokeratology market is studied for key countries such as United States, Mexico and Canada. The United States is anticipated to dominate the market in 2020. The continuos development of healthcare industry is propelling growth of North America orthokeratology market. The rising prevalence of eye related disorders is also boosting growth of North America orthokeratology market. The growing adoption of ortho-K is also refuelling growth of North America orthokeratology market.
The key competitors of the 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.
May 2021: The Euclid Systems announced the launch of oversight orthokeratology lens Euclid Max. Used in children and adult patient with progressive myopia but specially in children. Ortho-K contact lenses gently reshape the cornea to manage myopia while patient sleeps.
May 2021: Johnson and Johnson announced that the FDA approved Acuvue ortho-K lenses which are designed to help manage myopia.
April 2021: The CooperVision acquired No. 7 contact lenses and joins the recent acquisitions of GP Specialist and Blanchard contact lenses. Furthermore, the company partnered with Essilor for creating a 50-50 joint venture in the acquisition of SightGlass. SightGlass develops spectacle lenses for reducing myopia progression in children.
The report analyses orthokeratology market based on lens type, application, distribution channel and country. By lens type, the orthokeratology market is segmented into Flurosilicone acrylate, silicone acrylate. Based on application, the market is segmented into myopia, hyperopia, presbyopia and astigmatism. Based on distribution channel, the market is segmented into hospitals, optometry clinics and ophthalmology clinics. The report also analyses the impact of COVID-19 on the orthokeratology market and it analysed that The market is hampered by the COVID-19 the global pandemic situations as there is shutdown in many countries. The mismatch between demand and supply is also hindered the growth of orthokeratology market during the COVID-19 period. The report also analyses the major key players operating in the orthokeratology market.
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