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The Global Orthokeratology Market Growth Accelerated By Expanded Applications

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Leena Shedmake
The Global Orthokeratology Market Growth Accelerated By Expanded Applications

Orthokeratology contact lenses are used for temporarily reshaping the cornea to effectively correct refractive errors including myopia, hyperopia, and astigmatism without the need for corrective eyewear. The contact lenses correct vision overnight by flattening the central cornea to improve visual acuity. These lenses offer the advantages of mobility, comfort, and flexibility over prescription eyeglasses or conventional contact lenses. The global orthokeratology market is estimated to be valued at US$ 64.74 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The expanded applications of orthokeratology contact lenses have accelerated market growth over recent years. Traditionally used for temporary vision correction, orthokeratology lenses are now also utilized for slowing down the progression of myopia in children. Several clinical studies have demonstrated the efficacy of these contact lenses in retarding the worsening of myopia compared to single-vision glasses alone. This has led to a rise in their adoption among parents seeking non-invasive options to control children's myopia development. The development of advanced lens materials and designs that deliver improved comfort and visual outcomes has further boosted the market presence of orthokeratology contact lenses.


Segment Analysis


Orthokeratology market is dominated by Reverse Geometry designs sub segment. Reverse Geometry designs allow corneal reshaping overnight through worn contact lenses. This removes the need for eyeglasses or contact lenses during waking hours. Its ability for temporary, overnight vision correction without refraction aids makes it convenient for users.


Key Takeaways


The Global Orthokeratology Market Demand  is expected to witness high growth over the forecast period of 2023 to 2030. Regionally, North America is currently the dominant region in the Orthokeratology market. The high prevalence of myopia and increasing awareness regarding benefits of orthokeratology procedure are contributing to the large share of North America. However, Asia Pacific is expected to witness the fastest growth rate owing to rising disposable incomes, growing middle class population and increasing focus of key players in countries like China and India.


Key players operating in the Orthokeratology market are The Cooper Companies Inc.,Euclid Systems Corporation,Menicon Co., Ltd.,GP Specialists, Inc.,TruForm Optics, Inc.,Art Optical Contact Lens, Inc.,MiracLens L.L.C.,Contex, Inc. The Cooper Companies Inc. holds the largest market share currently due to its wide range of orthokeratology lens designs and strong distribution network globally. Menicon Co., Ltd. is another major player known for its research and development efforts in new orthokeratology lens materials.


Explore more information on this topic, Please visit-   

https://www.marketwebjournal.com/orthokeratology-market-growth-and-trnds-analysis-share-size-demand-forecast/

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