Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Orthokeratology is an emerging treatment option for myopia, presbyopia, hyperopia and astigmatism. The orthokeratology is non-invasive and works on the principle of corneal replacement. Now a days, the market has two FDA approved ortho-K therapies and namely corneal refractive therapy and VisionShaping Treatment. Patients undergoing this treatment are advised to wear the ortho-k lenses for 6-8 hrs at night during the time of sleep. It reshapes the cornea of patient and delivers the clear vision in the day time.
The Europe orthokeratology market is witnessing rapid growth during the forecast period of 2022 - 2028. The various advantages of orthokeratology lenses over conventionally used contact lenses, especially for sportspersons is also boosting growth of Europe orthokeratology market. The growing business expansion of major key players is also refuelling growth of Europe orthokeratology market. The increasing prevalence of myopia is also driving growth of Europe orthokeratology market. However, lack of training practitioner is estimated to hinder the growth of Europe orthokeratology market.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the orthokeratology Market. In addition, complete analysis of changes on orthokeratology expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Europe economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market is hampered by the COVID-19 the global pandemic situations as there is shutdown in many countries. The mismatch between demand and supply is also hindered the growth of orthokeratology market during the COVID-19 period.
The Europe orthokeratology market is segmented into the lens type, application, distribution channel and country.
Based on lens type, the Europe orthokeratology market is segmented into Flurosilicone acrylate, silicone acrylate. The balafilcon is also contributing to the growth of Europe orthokeratology market. The rising healthcare infrastructure is propelling growth of Europe orthokeratology market. The growing focus on early diagnosis is also refuelling growth of Europe orthokeratology market.
Based on application, the Europe orthokeratology market is bifurcated into the myopia, hyperopia, presbyopia and astigmatism. The astigmatism is also contributing to the growth of Europe orthokeratology market. The astigmatism is a common and generally treatable imperfection in the curvature of person’s eye which causes blurred distance and near vision. Astigmatism occurs when either the front surface of the person’s eye or the lens.
Based on distribution channel, the Europe orthokeratology market is segmented into the hospital, optometry clinics and ophthalmology clinics. The ophthalmology clinics is also contributing to the growth of Europe orthokeratology market. The growing ophthalmology clinics is propelling growth of Europe orthokeratology market. The rising prevalence of myopia is also boosting growth of Europe orthokeratology market. The increasing adoption of ortho-k is also boosting growth of Europe orthokeratology market.
The Europe orthokeratology market is studied for key countries such as United Kingdom, Germany, France, Italy and Spain. The United Kingdom is anticipated to dominate the market in 2020. The growing development in healthcare industry is propelling growth of Europe orthokeratology market. The increasing product launch and collaborations in key players is also refuelling growth of Europe orthokeratology market. The rising focus on early diagnosis is also driving growth of Europe orthokeratology market.
The key competitors of the market are 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 among others.
May 2021: The Euclid Systems announced the launch of oversight orthokeratology lens Euclid Max. Used in children and adult patient with progressive myopia but specially in children. Ortho-K contact lenses gently reshape the cornea to manage myopia while patient sleeps.
May 2021: Johnson and Johnson announced that the FDA approved Acuvue ortho-K lenses which are designed to help manage myopia.
April 2021: The CooperVision acquired No. 7 contact lenses and joins the recent acquisitions of GP Specialist and Blanchard contact lenses. Furthermore, the company partnered with Essilor for creating a 50-50 joint venture in the acquisition of SightGlass. SightGlass develops spectacle lenses for reducing myopia progression in children.
The report analyses orthokeratology market based on lens type, application, distribution channel and country. By lens type, the orthokeratology market is segmented into Flurosilicone acrylate, silicone acrylate. Based on application, the market is segmented into myopia, hyperopia, presbyopia and astigmatism. Based on distribution channel, the market is segmented into hospitals, optometry clinics and ophthalmology clinics. The report also analyses the impact of COVID-19 on the orthokeratology market and it analysed that The market is hampered by the COVID-19 the global pandemic situations as there is shutdown in many countries. The mismatch between demand and supply is also hindered the growth of orthokeratology market during the COVID-19 period. The report also analyses the major key players operating in the orthokeratology market.
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