Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Orthokeratology Lens Market size is expected to reach $898.3 Million by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Day-time Ortho- K lenses segment is showcasing a CAGR of 12.7% during (2022 - 2028). This is because daytime contacts are considered the original use for ortho-k contact lenses, doing so is safe. In addition, the majority of patients experience significant visual improvements after orthokeratology treatment due to which the demand for ortho-k lenses is increasing. Day-time ortho-k lenses are preferred more as many people think it is risky to wear these lenses at night while sleeping.
The Myopia segment is leading the Global Orthokeratology Lens Market by Indication in 2021, thereby, achieving a market value of $361.1 Million by 2028. This is due to the increased prevalence of this refractive error. Myopia, commonly referred to as nearsightedness, is a common eyesight condition that makes distant things appear hazy. Myopia not only impairs vision but can also alter the anatomical makeup of the eye. The distinctive myopia treatment orthokeratology has certain significant benefits.
The Hospitals segment has shown growth rate of 6.9% during (2022 - 2028). This can be attributed to the fact that the healthcare industry across the globe is expanding. Also, the technological advancements in the healthcare industry are leading to market growth for ortho-k lenses as the expenditure for making such technologically advanced devices is growing in this segment.
The North America market dominated the Global Orthokeratology Lens Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $318 Million by 2028. The Europe market is exhibiting a CAGR of 5.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Bausch Health Companies, Inc., The Cooper Companies, Inc., Euclid Systems Corporation, Alpha Corporation, Inc. (Menicon Co., Ltd.), Brighten Optix Corporation, TruForm Optics, Inc., Art Optical Contact Lens, Inc., and MiracLens, LLC.
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