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 named as ortho-k which is a non-surgical treatment procedure which imparts the use of specially constructed contact lenses for enhancing eyesight by altering the eye’s curvature. Ortho-k contact lenses are gas permeable contact lenses which must be worn overnight. These lenses are also named as corneal reshaping contact lenses. They remodels the front areas of the eye in very gentle way. They may be removed in the daytime once reshaping is done.
The Asia Pacific orthokeratology market is witnessing lucrative growth during the forecast period of 2022 - 2028. The rise in the number of individuals with refractive errors is propelling growth of Asia Pacific orthokeratology market. The lower cost of ortho-k procedure is also boosting growth of Asia Pacific orthokeratology market. The rising adoption of ortho-k is also refuelling growth of Asia Pacific orthokeratology market. However, improper fitting procedures is likely to hinder the growth of Asia Pacific 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 Asia Pacific 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 Asia Pacific orthokeratology market is bifurcated into lens type, application, distribution channel and country.
By lens type, the Asia Pacific orthokeratology market is segmented into Flurosilicone acrylate, silicone acrylate. The oprifocon A is also contributing to the growth of Asia Pacific orthokeratology market. The rising incidences of myopia is propelling growth of the Asia Pacific orthokeratology market. The growing adoption of ortho-k is also boosting growth of Asia Pacific orthokeratology market.
By application, the orthokeratology market is categorised into myopia, hyperopia, presbyopia and astigmatism. The presbyopia is also contributing to the growth of Asia Pacific orthokeratology market. The presbyopia is the gradual loss of eyes ability for focusing on nearby objects. It is natural and most annoying part of aging. Presbyopia usually becomes noticeable in early 40’s and continues too worse.
By distribution channel, the Asia Pacific orthokeratology market is segmented into hospitals, optometry clinics and ophthalmology clinics. The hospital is expected to dominate the market in 2020. The growing patient footfall is propelling growth of Asia Pacific orthokeratology market. The growing number of multi-speciality hospitals is also boosting growth of Asia Pacific orthokeratology market. The growing prevalence of myopia is also refuelling growth of Asia Pacific orthokeratology market.
The Asia Pacific orthokeratology market is studied for key countries such as China, India, Japan, Australia and South Korea. In which China followed by India and Japan are anticipated to dominate the market in 2021. The growing healthcare infrastructure is propelling growth of Asia Pacific orthokeratology market. The rising collaboration of key players is boosting growth of Asia Pacific orthokeratology market. The growing product pipeline is also refuelling growth of Asia Pacific 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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