Advertisement Superiority over Conventional Lenses and LASIK Surgery to Grow Orthokeratology Market - Pharmaceutical Business review
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Future Market Insights

Global Industry Outlook & Business Review

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Superiority over Conventional Lenses and LASIK Surgery to Grow Orthokeratology Market

Orthokeratology has been considered to facilitate the elimination of contact lens-related vision problems, providing patients with the freedom to experience an active lifestyle. While this factor will continue to play a pivotal role in growing adoption of Ortho-K lenses, Future Market Insights has discovered a few other factors that are likely to impact the growth of orthokeratology market in the near future.

In a recently released report, titled ‘Orthokeratology Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018–2028’, the performance of the global market for orthokeratology is assessed for a 10-year period 2018-2028.

Increasing online efforts in patient education and awareness about Ortho-K, coupled with an intensifying rate of success of orthokeratology lenses in recent years, is expected to strengthen the prospects for global orthokeratology market, over the next decade. The market is likely to witness a promising compound annual growth rate (CAGR) of 7.4%, whereas the global revenue is anticipated to reach beyond $88m by the end of 2028.

While increasing prevalence of myopia stands as a key factor impacting the market growth, several advantages of Ortho-K lenses over the conventional contact lenses have been recognised to be pushing adoption of orthokeratology among sportspersons. A few restrictions arising in case of LASIK surgery will also be reportedly responsible for growing inclination for Ortho-K. On the flipside, the adoption of orthokeratology lenses among the myopic patient is less than 0.5%, which is a major factor deterring the growth of the market.

In a few under-developing economies, patients are not able to afford the high cost of ortho-k lenses and the high fees of ophthalmologists and optometrists, which will also deter the growth of the market to some extent.

Myopia continues to remain influential indication, accounting for a major revenue share

Myopia is expected to remain a key indication driving the demand for orthokeratology worldwide. With shares of more than 70% of the total market value estimated for 2028, myopia will also provide an extensive scope for innovation opportunities.

Followed by astigmatism, hyperopia will represent the next key indicative factor, which is anticipated to drive market growth over the forecast period.

Demand from optometry clinics accounts for a share that equates more than half of the market value

Among all distribution channels, optometry clinics will reportedly continue to generate the maximum demand for Ortho-K, accounting for a share of more than 50% to the total market value through 2028.

Ophthalmic clinics are expected to hold a decent revenue share throughout the assessment period, whereas hospitals are likely to emerge as the most opportunistic distribution channel.

MEA struggles through low-awareness level

Key regional markets North America and Europe will reportedly account for a collective value share of around 60% through 2028.

The Asia-Pacific excluding China and Japan market is expected to see modest growth, whereas the Middle East and Africa (MEA) will continue to witness sluggish growth rate owing to relatively lower consumer awareness about availability and use of Ortho-K lenses.

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