Orthokeratology Lenses Market is expected to expand at a CAGR of 5.86 % from 2017 to 2025
Orthokeratology Lenses Market is expected to expand at a CAGR of 5.86 % from 2017 to 2025
Orthokeratology Lenses Market is expected to expand at a CAGR of 5.86 % from 2017 to 2025
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Credence Research Inc.<br />
<strong>Orthokera<strong>to</strong>logy</strong> <strong>Lenses</strong> <strong>Market</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong><br />
<strong>expand</strong> <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> <strong>5.86</strong> % <strong>from</strong> <strong>2017</strong> <strong>to</strong><br />
<strong>2025</strong><br />
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The l<strong>at</strong>est market report publ<strong>is</strong>hed by Credence Research, Inc. “<strong>Orthokera<strong>to</strong>logy</strong> <strong>Lenses</strong><br />
<strong>Market</strong> - Growth, Future Prospects, Competitive Analys<strong>is</strong>, <strong>2017</strong> - <strong>2025</strong>,” the global<br />
orthokera<strong>to</strong>logy lenses market <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>expand</strong> <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> <strong>5.86</strong> % <strong>from</strong> <strong>2017</strong> <strong>to</strong> <strong>2025</strong>.<br />
<strong>Market</strong> Insights<br />
Nearsightedness <strong>is</strong> a refractive error occurring due <strong>to</strong> enlarged cornea or when the corneal<br />
curv<strong>at</strong>ure <strong>is</strong> <strong>to</strong>o steep, thus causing the light rays <strong>to</strong> fall in front <strong>of</strong> the retina. The exact etiology<br />
<strong>is</strong> unknown but genetic and environmental fac<strong>to</strong>rs are rel<strong>at</strong>ed <strong>to</strong> the myopic d<strong>is</strong>ease etiology.<br />
In developing countries the d<strong>is</strong>ease prevalence <strong>is</strong> growing <strong>at</strong> a rapid pace. The prevalence <strong>of</strong><br />
myopia in urban and rural areas <strong>of</strong> India <strong>is</strong> 3.16% and 1.45% respectively. In China, the<br />
prevalence <strong>of</strong> myopia has increased drastically <strong>from</strong> 80% in junior high school students <strong>to</strong> almost<br />
90% in university students.<br />
Browse the full report <strong>Orthokera<strong>to</strong>logy</strong> <strong>Lenses</strong> <strong>Market</strong> - Growth, Future Prospects, Competitive<br />
Analys<strong>is</strong>, <strong>2017</strong> – <strong>2025</strong> report <strong>at</strong> https://www.credenceresearch.com/report/orthokera<strong>to</strong>logylenses-market<br />
Myopia <strong>is</strong> the most commonly occurring refractive error worldwide, affecting all age groups and<br />
orthokerao<strong>to</strong>logy has been proven <strong>to</strong> be effective in correcting myopia and achieve a 6/6 v<strong>is</strong>ion.<br />
<strong>Orthokera<strong>to</strong>logy</strong> lenses are useful in rectifying Hypermetropia by enlarging the corneal size so<br />
th<strong>at</strong> the v<strong>is</strong>ual image falls on the retina.<br />
Hospitals domin<strong>at</strong>e the point <strong>of</strong> d<strong>is</strong>pens<strong>at</strong>ion segment as the p<strong>at</strong>ients are accur<strong>at</strong>ely diagnosed<br />
for refractive errors and are appropri<strong>at</strong>ely educ<strong>at</strong>ed regarding the judicious use <strong>of</strong><br />
orthokera<strong>to</strong>logy lenses. Due <strong>to</strong> lower cost <strong>of</strong> diagnos<strong>is</strong> and availability <strong>of</strong> cheaper lenses, p<strong>at</strong>ient<br />
influx in eye-care shops will experience a surge in the forecast period.<br />
<strong>Market</strong> leaders such as Essilor Intern<strong>at</strong>ional S.A. currently manufacturing cosmetic contact<br />
lenses and Bausch and Lomb Incorpor<strong>at</strong>ed producing bifocal contact lenses are opting for<br />
oprifocon A and fluorosilicone acryl<strong>at</strong>e m<strong>at</strong>erials <strong>to</strong> manufacture large size contact lenses with<br />
rel<strong>at</strong>ively low eye blinking r<strong>at</strong>e. Balafilcon will become a trendsetter during the forecast dur<strong>at</strong>ion<br />
2015-<strong>2025</strong> as it has meri<strong>to</strong>rious fe<strong>at</strong>ures such as high oxygen permeability, wettability and<br />
surface stiffness.<br />
Increasing number <strong>of</strong> adolescents suffering with myopia, higher awareness and gre<strong>at</strong>er<br />
establ<strong>is</strong>hments <strong>of</strong> retail outlets providing eye care services drive the North America<br />
orthokera<strong>to</strong>logy lenses market. Asia Pacific <strong>is</strong> a potential market due <strong>to</strong> r<strong>is</strong>ing prevalence <strong>of</strong>
efractive errors across all age groups and emergence <strong>of</strong> domestic players in manufacturing<br />
orthokera<strong>to</strong>logy lenses. These phenomena have cre<strong>at</strong>ed a competitive market environment<br />
which nour<strong>is</strong>hes the Asian Pacific orthokera<strong>to</strong>logy lenses market.<br />
The big players in the orthokera<strong>to</strong>logy lenses market are companies prominent in<br />
orthokera<strong>to</strong>logy lenses market are Bausch & Lomb Incorpor<strong>at</strong>ed, Essilor and Alpha Corpor<strong>at</strong>ion<br />
have a stronghold in the contact lenses market. Competitive market scenario <strong>is</strong> cre<strong>at</strong>ed due <strong>to</strong><br />
the emergence <strong>of</strong> players such as Autek China, Inc., Euclid, E&E Optics, GP Special<strong>is</strong>ts, Paragon<br />
V<strong>is</strong>ion Sciences, Procornea and Taiwan Macro V<strong>is</strong>ion Corpor<strong>at</strong>ion.<br />
Key <strong>Market</strong> Movements<br />
<br />
<br />
<br />
Increasing number <strong>of</strong> people suffering with refractive errors and respective v<strong>is</strong>ion loss<br />
R<strong>is</strong>ing demand for orthokera<strong>to</strong>logy lenses in adolescent and elderly p<strong>at</strong>ients, mainly due<br />
<strong>to</strong> age-rel<strong>at</strong>ed changes in eye shape and appropri<strong>at</strong>e addressable capabilities <strong>of</strong><br />
orthokera<strong>to</strong>logy lenses<br />
Bausch and Lomb Incorpor<strong>at</strong>ed and Essilor Intern<strong>at</strong>ional S.A. have a strong hold in the<br />
orthokera<strong>to</strong>logy market. Players such as Paragon V<strong>is</strong>ion Sciences (CRT <strong>Lenses</strong>), Autek<br />
China, Inc. and Taiwan Macro V<strong>is</strong>ion Corpor<strong>at</strong>ion have entered in the orthokera<strong>to</strong>logy<br />
market with their value added products.<br />
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