Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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The global orthokeratology market, by Lens Type (Fluorosilicone Acrylate, Silicone Acrylate, Balafilcon, and Oprifocon A), by Application (Myopia, Hyperopia, Presbyopia, and Astigmatism), By Distribution Channel (Hospitals, Optometry Clinics, and Ophthalmology Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 37.6 million in 2017, and is projected to exhibit a CAGR of 7.0% over the projected timeframe (2018-2026).
Orthokeratology is claimed to repair blurry vision without needing glasses, contact lenses, and corneal reshaping surgery such as photorefractive keratectomy (PRK) and laser-assisted in situ keratomileusis (LASIK). Orthokeratology contact lenses are gaining significant traction with the method of slowing the progression of myopia in children. This procedure is an alternative to correct refractive errors using custom-designed rigid lenses, which modify the curvature of cornea for short duration. In the recent past, the most common clinical application of ortho-k is for the reduction of myopia through corneal flattening. The Association of Optometrists reported that most orthokeratology lenses are suitable for myopes between -1.00 and -4.00 and Cylinder value (cyls) to 1.50 and 0.75.
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The currently available products in market can correct high levels of myopia, potentially up to -10.00, and cyls to 2.50. In 2016, GP Specialists developed an advanced ortho-k lens iSee design shown to correct patients with high myopic powers. This procedure is therefore a safe option for myopia correction and retardation. On the other hand, the long-term success of the treatment depends on a combination of multiple factors, such as proper fitting of the lenses, rigorous compliance to lens use and care regimen, adherence to routine follow-ups, and timely and appropriate treatments to complications.
- Among regions, Asia Pacific is poised to witness the highest growth rate, owing to increasing prevalence of myopia in East Asian countries including China, Japan, and South Korea.
- The established players operating in the global orthokeratology market include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.
- The key market players are majorly investing in development of progressive technologies and expert resources. For instance, in 2018, Euclid Systems Corporation introduced Emeraldä163 Ortho-K contact lens, featuring a hyper Dk lens material with outstanding oxygen transmissibility for optimal ocular health.
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