Market Overview:
The global ortho-k lens market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of myopia, rising awareness about ortho-k lenses, and technological advancements in the field of ophthalmology. By type, the global ortho-k lens market is segmented into Boston material, Paragon material, and others material. The Boston material segment is expected to dominate the global ortho-k lens market during the forecast period owing to its high quality and durability. By application, teenagers are expected to account for a major share of the global ortho-k lens market during the forecast period owing to their growing demand for corrective eyewear products. However, adults are also anticipated to witness significant growth in this market due to an increase in awareness about eye health among this population group across regions such as North America and Europe.
Product Definition:
An Ortho-K lens is a contact lens that reshapes the cornea while you sleep. This helps to correct vision problems like nearsightedness, farsightedness, and astigmatism. Ortho-K lenses are important because they can help you avoid or reduce your need for eyeglasses or contact lenses during the day.
Boston Material:
Ortho-k is a brand of Johnson & Johnson Vision Care, Inc. The company offers a wide range of orthokeratology services and products for correcting vision errors such as myopia (near sightedness), hyperopia (far sightedness), astigmatism, presbyopia and other refractive errors.
Paragon Material:
Paragon Material is a new material developed by Zeiss for manufacturing Ortho-K lens. It has properties such as high Abbe number, low dispersion and good transmission which make it suitable for use in making lenses. The material is still under development phase so there are limited products available commercially but the product will be commercialized soon after its finalization.
Ortho-K lens market is expected to grow significantly due to advantages such as high performance.
Application Insights:
The teenagers segment held the largest share of the industry revenue in 2017. The ortho-k lens is most commonly used by teenagers to correct their vision as it is easy to handle and provides clear images. Ortho-K lenses are available in different powers, from +2.00 diopters (D) all the way up to +6.00 D, which helps in correcting various types of errors caused due to myopia or hyperopia respectively.
Adults segment is expected to be one of the fastest growing segments over the forecast period owing to rising usage rates of ortho-k lenses for various purposes such as reading glasses, fashion glasses and sunglasses among others across regions globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing orthopedic conditions, rising number of surgeries and favorable reimbursement policies in this region. In addition, quick adoption of technologically advanced products for treatment of various orthopedic conditions is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to increasing geriatric population and growing medical tourism in this region due to availability of advanced treatments at lower costs as comparedto western countries.
Growth Factors:
- Increasing awareness about the benefits of Ortho-K lenses: There is a growing awareness among people about the benefits of Ortho-K lenses. This is helping to drive the growth of the Ortho-K lens market.
- Rising demand for corrective eye surgery: The number of people requiring corrective eye surgery is increasing rapidly, which is driving demand for Ortho-K lenses.
- Growing popularity of contact lenses: Contact lenses are becoming increasingly popular, and this is benefiting the Ortho-K lens market.
- Advances in technology: The advances in technology are helping to improve the quality and performance of Ortho-K lenses, thereby boosting their adoption rate.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ortho-K Lens Market Research Report
By Type
Boston Material, Paragon Material, Others Material
By Application
Teenagers, Adults
By Companies
Autek, EUCLID, Paragon, Alpha, Lucid Korea, Brighten Optix, Contex, Procornea
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Ortho-K Lens Market Report Segments:
The global Ortho-K Lens market is segmented on the basis of:
Types
Boston Material, Paragon Material, Others Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Teenagers, Adults
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Autek
- EUCLID
- Paragon
- Alpha
- Lucid Korea
- Brighten Optix
- Contex
- Procornea
Highlights of The Ortho-K Lens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Boston Material
- Paragon Material
- Others Material
- By Application:
- Teenagers
- Adults
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ortho-K Lens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ortho-K is a brand name for a type of contact lens. Ortho-K lenses are designed to correct nearsightedness, farsightedness, and astigmatism.
Some of the major companies in the ortho-k lens market are Autek, EUCLID, Paragon, Alpha, Lucid Korea, Brighten Optix, Contex, Procornea.
The ortho-k lens market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ortho-K Lens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ortho-K Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ortho-K Lens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ortho-K Lens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ortho-K Lens Market Size & Forecast, 2018-2028
4.5.1 Ortho-K Lens Market Size and Y-o-Y Growth
4.5.2 Ortho-K Lens Market Absolute $ Opportunity
Chapter 5 Global Ortho-K Lens Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ortho-K Lens Market Size Forecast by Type
5.2.1 Boston Material
5.2.2 Paragon Material
5.2.3 Others Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ortho-K Lens Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ortho-K Lens Market Size Forecast by Applications
6.2.1 Teenagers
6.2.2 Adults
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ortho-K Lens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ortho-K Lens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ortho-K Lens Analysis and Forecast
9.1 Introduction
9.2 North America Ortho-K Lens Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ortho-K Lens Market Size Forecast by Type
9.6.1 Boston Material
9.6.2 Paragon Material
9.6.3 Others Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ortho-K Lens Market Size Forecast by Applications
9.10.1 Teenagers
9.10.2 Adults
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ortho-K Lens Analysis and Forecast
10.1 Introduction
10.2 Europe Ortho-K Lens Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ortho-K Lens Market Size Forecast by Type
10.6.1 Boston Material
10.6.2 Paragon Material
10.6.3 Others Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ortho-K Lens Market Size Forecast by Applications
10.10.1 Teenagers
10.10.2 Adults
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ortho-K Lens Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ortho-K Lens Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ortho-K Lens Market Size Forecast by Type
11.6.1 Boston Material
11.6.2 Paragon Material
11.6.3 Others Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ortho-K Lens Market Size Forecast by Applications
11.10.1 Teenagers
11.10.2 Adults
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ortho-K Lens Analysis and Forecast
12.1 Introduction
12.2 Latin America Ortho-K Lens Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ortho-K Lens Market Size Forecast by Type
12.6.1 Boston Material
12.6.2 Paragon Material
12.6.3 Others Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ortho-K Lens Market Size Forecast by Applications
12.10.1 Teenagers
12.10.2 Adults
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ortho-K Lens Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ortho-K Lens Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ortho-K Lens Market Size Forecast by Type
13.6.1 Boston Material
13.6.2 Paragon Material
13.6.3 Others Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ortho-K Lens Market Size Forecast by Applications
13.10.1 Teenagers
13.10.2 Adults
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ortho-K Lens Market: Competitive Dashboard
14.2 Global Ortho-K Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Autek
14.3.2 EUCLID
14.3.3 Paragon
14.3.4 Alpha
14.3.5 Lucid Korea
14.3.6 Brighten Optix
14.3.7 Contex
14.3.8 Procornea
