The Global Orthokeratology Lenses Market was $43 Mn in 2020, and it is expected to reach $76 Mn by 2028. It is eventually growing at a commendable high compound of annual growth rate CAGR of 7.4% between 2020-2028. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The major driving factors fueling the market growth are increasing cases of myopia across the globe. Moreover, rising geriatric population which are prone to frequent eye problems, and growing short-sightedness eye problem in adults and children due to high usage of smartphones, laptops and tablets are projected to trigger the market growth over the forecast period.
Global Myopia Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Orthokeratology Lenses Market has been segmented into Material, Application, and End-User. By material, the global Orthokeratology Lenses Market is divided into Silicone Acrylate, Fluorosilicone Acrylate, and Fluorocarbon Acrylate. By applications, the global Orthokeratology Lenses Market is divided into Myopia, Hyperopia, Astigmatism, and Astigmatism. By end-user, the global Marketing Analytics Software Market is divided into Hospitals, Ophthalmic Clinic, and Others. Myopia segment is estimated to witness remarkable growth over the forecast period due to increase in myopia cases across the globe and growing usage of orthokeratology lenses for treatment owing to its effectiveness and noteworthy outcomes.
By Region, North America is Holding the Marketing Analytics Software Market
The global Orthokeratology Lenses Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America Orthokeratology Lenses Market is holding the largest market share currently and is estimated to show the steady compound annual growth rate in the upcoming forecast period due to the increasing geriatric population and ophthalmological disorders that needs diagnosis and therapeutics. The Asia Pacific market, however, is projected to be the fastest-growing market over the forecast period due to factors such as increasing patients of eye disorders, availability of high-tech treatment facilities, growing healthcare spending, and infrastructure. Europe region is also anticipated to show a decent growth rate over the forecast period. The LAMEA market is expected to grow at the lowest CAGR due to restricted access to healthcare affordability.
Major Players in Global Orthokeratology Lenses Market
Some of the key players in the global Marketing Orthokeratology Lenses Market include Bausch & Lomb Incorporated, CooperVision, CE GP Specialists, Menicon Co., Ltd, Procornea (CooperVision), Euclid Systems Corporation, Visioneering Technologies, Inc., Brighten Optix, Alcon, Inc. and CONTAMAC.
The Global Orthokeratology Lenses Market Has Been Segmented into:
Global Orthokeratology Lenses Market: By Material
Global Orthokeratology Lenses Market: By Application
Global Orthokeratology Lenses Market: By End User
Global Orthokeratology Lenses Market: By Region