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 a non-surgical procedure which is specially designed contact lenses for gentle reshaping of curvature of the eye for improving vision. It is most commonly used for temporary correction of myopia. Ortho-k can correct upwards of -6.00 diopters (D) of myopia. It is helpful in correction of lesser degrees of astigmatism, presbyopia and hyperopia. Overnight ortho-k lenses are used more frequently as compared with daytime wear. Nowadays, orthokeratology has become one of the most popular choices in children for refractive correction.
The United States orthokeratology market is witnessing lucrative growth during the forecast period of 2022 - 2028. The growing adoption of orthokeratology in United States is propelling growth of United States orthokeratology market. The increasing prevalence of myopia and high myopia is also boosting growth of United States orthokeratology market. However, lack of training practitioner is estimated to hinder the growth of United States 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 United States 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 United States orthokeratology market is segmented into lens type, application and distribution channel.
The various lens type such as Flurosilicone acrylate, silicone acrylate are comprised in the United States orthokeratology market. The Flurosilicone acrylate is estimated to dominate the market in 2021. The Flurosilicone acrylate lenses are estimated to have a refractive index between 1.420 and 1.460 whereas index has rarely been a factor in the choice of rigid lens material. However, manufacturers are initiating to introduce lenses with higher refractive indices. The benefit of these higher index materials is the enhanced refractive effect the materials might have when used in aspheric multifocal designs.
The application such as myopia, hyperopia, presbyopia and astigmatism are comprised in the United States orthokeratology market. The myopia is estimated to dominate the market in 2020. Myopia is common vison condition in which one can see objects near to person clearly but objects farther away are blurry. It occurs when the shape of eye causes light rays to bend incorrectly. The near eye sightedness tends to run in families. The condition may develop gradually or rapidly. Treatment options may comprise glasses, contact lenses and surgery like Lasik.
The various distribution channel such as hospital, optometry clinics and ophthalmology clinics are comprised in the United States orthokeratology market. The optometry clinic is also contributing to the growth of United States orthokeratology market. The growing patient footfall is propelling growth of United States orthokeratology market. The growing prevalence of myopia is also boosting growth of United States orthokeratology market. The rising focus on early diagnosis is also refuelling growth of United States 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 and distribution channel. 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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