Southeast Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market by Product Type (Overnight ortho-k and Daytime Ortho-K), Material (Silicone Acrylate, Fluorosilicone Acrylate, Fluorocarbon Acrylate, Oprifocon A, Others), Applications (Myopia, Hypermetropia, Astigmatism, Presbyopia), End User (Hospital, Ophthalmology Clinics, Vision Care Centers, and others) and Country (South East Asia and Asia Pacific (Excluding SEA)) - South East Asia and Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Orthokeratology Lens Market Outlook
The South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market size was valued at USD 1,035.4 Million in 2020 and is projected to reach USD 2,698.4 Million by 2028, expanding at a CAGR of 12.9% during the forecast period 2021-2028. Orthokeratology, also known as Ortho-K, is a lens-compatible procedure that uses specially designed RGP (Rigid Gas Permeable) contact lenses to temporarily restore the eye's ability to focus on things.
Orthokeratology (Ortho-k) is a non-surgical treatment for myopia. Orthokeratology lenses, which were first worn in the 1940s after doctors discovered that glass contact lenses reshaped the cornea, are often cited as a more recent innovation. Development took several decades before it finally began in the 1990s. From advances in gas permeable lenses to computational corneal topography software, there have been many advancements, the technology has advanced significantly over the years.
Orthokeratology Lens Market Dynamics
The growing prevalence of refractive errors around the world. With the increasing number of people suffering from refractive error conditions such as myopia, hyperopia, astigmatism, and presbyopia, the need for new treatment methods is also increasing. Myopia is the most common disease that affects many people around the world. According to the WHO, at least 2.2 billion people around the world have near or far visual impairment. The main causes of visual impairment and blindness are uncorrected refractive errors and cataracts. The Orthokeratology Lenses market growth is expected to increase over the forecast period.
Rising geriatric population across the globe. An increase in the geriatric population due to it being more prone to eye problems. The number of older people is expected to more than double again by 2050 and is expected to reach almost 2.1 billion. Worldwide, the number of people aged 80 and over is expected to triple between 2017 and 2050, from 137 million to 425 million. The growth and aging of the population are expected to increase the incidence of more people with visual impairment and drive the growth of the orthokeratology lens market.
With the increasing use of smartphones, laptops, and tablets by children and adults, the risk of eye damage is expected to drive the growth of contact lenses in children and adults to improve eyesight. The FDA has currently approved two brands of orthokeratological lenses. These are Corneal Refractive Therapy (CRT) lenses from Paragon Vision Sciences and Vision Shaping Treatment (VST) lenses from Bausch & Lomb.
The increasing demand for non-invasive medical imaging methods. Corneal topography is a non-invasive imaging method that maps the surface of the transparent front window of the eye (the cornea). Corneal topography is used to treat scar trauma (injury) or infection that causes corneal scarring. If the scan shows severe distortion, a special hard gas permeable (RGP) contact lens are sometimes helps correct vision. These factors are expected to drive the growth of the orthokeratology lens market.
However, the relatively high cost of orthokeratology lenses compared to conventional lenses is expected to limit the market growth. Compared with conventional technologies, the equipment is associated with high costs (glasses). The cost also varies by country, whether in an urban or rural setting, and the type of practice in which the procedure was performed. Fitting orthokeratology lenses is a time-consuming process and requires more experience than fitting normal contact lenses. Market growth has been hampered by strict regulatory agencies such as the FDA and a lack of professionals and expertise in fitting Ortho-K lenses.
Continuous technological advancements embedded in orthokeratology lens applications are rapidly increasing in developing countries such as China, Japan, Singapore, Malaysia, and others, creating a lucrative opportunity for the orthokeratology lens market in the future. Various low-cost treatments such as orthokeratology versus laser-assisted keratomileus in situ treatment (LASIK) are expected to drive market growth over the forecast period. Constant technological developments rooted in orthokeratology lens applications are increasing rapidly in the Asia-Pacific region.
Orthokeratology Lens Market Segment Insights
Product types Segment
Based on Product type, the South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens market are segmented into Overnight ortho-k and Daytime Ortho-K.
The Overnight ortho-k segment is anticipated to hold a substantial share of the market and is expected to grow at a substantial CAGR during the forecast period. The rising prevalence of Myopia is most common in East Asia, with China, Japan, the Republic of Korea, and Singapore, growing geriatric population, technological advancement.
Material Segment
Based on material type, the South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens market are segmented into Silicone Acrylate, Fluorosilicone Acrylate, Fluorocarbon Acrylate, Oprifocon A, and Others.
The Fluorosilicone Acrylate segment is anticipated to hold a significant share of the market and is expected to grow at a substantial CAGR during the forecast period. Owing to oxygen permeability, lens stability, and surface wetting properties, it has greater lens flexure and a DKs value ranging from 40 to 100+ (med-high), the fluorosilicone acrylate rigid gas permeable (RGP) contact lens was improved using argon plasma, and it is used in an ortho-k lens for slowing myopia.
Application Segment Analysis
Based on applications, the South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens market is segmented into Myopia, Hypermetropia, Astigmatism, and Presbyopia.
The Myopia segment is expected to hold a significant share of the market due to of Orthokeratology is most often used to temporarily correct myopia (myopia). The growing burden of short-sightedness among the regional population, as well as the rapid increase in childhood myopia, are likely to aid the Orthokeratology Market's growth.
The Astigmatism segment is projected to grow, owing to growing eye surgery in SEA and Asia Pacific region, Astigmatism is more common in children from Spain and China. Astigmatism increases the likelihood of visual impairment in children.
End User Segment
Based on end-user, the South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens market are segmented into hospitals, Ophthalmology Clinics, Vision Care Centers, and others.
The Ophthalmology Clinics segment is expected to hold a significant share of the market due to their customized treatment and specialized for Eye treatment. Owing to the surging number of private ophthalmology clinics driven by the growing demand for ortho-k lens and the absence of orthokeratology procedures and imaging systems in mid-scale and small hospitals is predictable to expand at a considerable CAGR during the forecast period.
The Vision Care Centers segment is projected to grow, owing to Shrink film is commonly used to bundle, collate, or overwrap products for unitization, display aesthetics, and/or tamper resistance, are anticipated to record substantial growth opportunities in the near future.
Regional Analysis
Based on regions, the South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens market are fragmented into SEA, and Asia Pacific (Excluding SEA). Asia Pacific accounted for a significant share of the market in 2020 and is anticipated to expand at a high CAGR in the forecast period of 2021 to 2028. Due to changes in the industry, such as the growing middle-class population, the ortho-k lens market in emerging economies such as China, Japan, South Korea, and India are expected to grow at a rapid pace during the forecast period. Myopia is one of the most common ocular disorders, and its prevalence has been steadily growing throughout the world, particularly in Asia Pacific.
The market in (SEA) South East Asia is predicted to hold a sizeable share of the market during the forecast period and expand at a considerable CAGR during the forecast period, owing to the growing adoption of the ortho-k lens in healthcare application, and local players providing high-quality solutions at reasonable prices and developing healthcare infrastructure. The most significant countries in the SEA are Singapore, Malaysia, and the Philippines, etc.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Orthokeratology Lens Market.
- Historical, Current, and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthokeratology Lens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Orthokeratology Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthokeratology Lens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Orthokeratology Lens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Size & Forecast, 2018-2028
4.5.1 Orthokeratology Lens Market Size and Y-o-Y Growth
4.5.2 Orthokeratology Lens Market Absolute $ Opportunity
4.6 Pricing Analysis
4.7 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market: Impact Of Key Regulations
4.8 Technological Landscape
4.9 Consumer Behavior Analysis of Orthokeratology Lens: By Asia Pacific Countries
4.10 Prevalence of Myopia in Asia Pacific
4.11 Orthokeratology Lens Market Trends By Asia Pacific Countries
4.12 Distributor/ Supplier Analysis
Chapter 5 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Analysis and Forecast By Product Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Product Type
5.1.2 Basis Point Share (BPS) Analysis By Product Type
5.1.3 Absolute $ Opportunity Assessment By Product Type
5.2 Orthokeratology Lens Market Size Forecast By Product Type
5.2.1 Overnight Ortho-K
5.2.2 Daytime Ortho-K
5.3 Market Attractiveness Analysis By Product Type
Chapter 6 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Analysis and Forecast By Material
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Material
6.1.2 Basis Point Share (BPS) Analysis By Material
6.1.3 Absolute $ Opportunity Assessment By Material
6.2 Orthokeratology Lens Market Size Forecast By Material
6.2.1 Silicone Acrylate
6.2.2 Fluorosilicone Acrylate
6.2.3 Fluorocarbon Acrylate
6.2.4 Oprifocon A
6.2.5 Others
6.3 Market Attractiveness Analysis By Material
Chapter 7 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Analysis and Forecast By Application
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Application
7.1.2 Basis Point Share (BPS) Analysis By Application
7.1.3 Absolute $ Opportunity Assessment By Application
7.2 Orthokeratology Lens Market Size Forecast By Application
7.2.1 Myopia
7.2.2 Hypermetropia
7.2.3 Astigmatism
7.2.4 Presbyopia
7.3 Market Attractiveness Analysis By Application
Chapter 8 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Analysis and Forecast By End-user
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By End-user
8.1.2 Basis Point Share (BPS) Analysis By End-user
8.1.3 Absolute $ Opportunity Assessment By End-user
8.2 Orthokeratology Lens Market Size Forecast By End-user
8.2.1 Hospitals
8.2.2 Ophthalmology Clinics
8.2.3 Vision Care Centers
8.2.4 Others
8.3 Market Attractiveness Analysis By End-user
Chapter 9 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Orthokeratology Lens Market Size Forecast by Region
9.2.1 South East Asia (SEA)
9.2.2 Asia Pacific (Excluding SEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 South East Asia (SEA) Orthokeratology Lens Analysis and Forecast
11.1 Introduction
11.2 South East Asia (SEA) Orthokeratology Lens Market Size Forecast by Country
11.2.1 Indonesia
11.2.1.1 By Product Type
11.2.1.2 By Material
11.2.1.3 By Application
11.2.1.4 By End-user
11.2.2 Vietnam
11.2.2.1 By Product Type
11.2.2.2 By Material
11.2.2.3 By Application
11.2.2.4 By End-user
11.2.3 Thailand
11.2.3.1 By Product Type
11.2.3.2 By Material
11.2.3.3 By Application
11.2.3.4 By End-user
11.2.4 Malaysia
11.2.4.1 By Product Type
11.2.4.2 By Material
11.2.4.3 By Application
11.2.4.4 By End-user
11.2.5 Singapore
11.2.5.1 By Product Type
11.2.5.2 By Material
11.2.5.3 By Application
11.2.5.4 By End-user
11.2.6 Philippines
11.2.6.1 By Product Type
11.2.6.2 By Material
11.2.6.3 By Application
11.2.6.4 By End-user
11.2.7 Brunei
11.2.7.1 By Product Type
11.2.7.2 By Material
11.2.7.3 By Application
11.2.7.4 By End-user
11.2.8 Burma (Myanmar)
11.2.8.1 By Product Type
11.2.8.2 By Material
11.2.8.3 By Application
11.2.8.4 By End-user
11.2.9 Cambodia
11.2.9.1 By Product Type
11.2.9.2 By Material
11.2.9.3 By Application
11.2.9.4 By End-user
11.2.10 Timor-Leste
11.2.10.1 By Product Type
11.2.10.2 By Material
11.2.10.3 By Application
11.2.10.4 By End-user
11.2.11 Laos
11.2.11.1 By Product Type
11.2.11.2 By Material
11.2.11.3 By Application
11.2.11.4 By End-user
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 South East Asia (SEA) Orthokeratology Lens Market Size Forecast By Product Type
11.6.1 Overnight Ortho-K
11.6.2 Daytime Ortho-K
11.7 Basis Point Share (BPS) Analysis By Product Type
11.8 Absolute $ Opportunity Assessment By Product Type
11.9 Market Attractiveness Analysis By Product Type
11.10 South East Asia (SEA) Orthokeratology Lens Market Size Forecast By Material
11.10.1 Silicone Acrylate
11.10.2 Fluorosilicone Acrylate
11.10.3 Fluorocarbon Acrylate
11.10.4 Oprifocon A
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Material
11.12 Absolute $ Opportunity Assessment By Material
11.13 Market Attractiveness Analysis By Material
11.14 South East Asia (SEA) Orthokeratology Lens Market Size Forecast By Application
11.14.1 Myopia
11.14.2 Hypermetropia
11.14.3 Astigmatism
11.14.4 Presbyopia
11.15 Basis Point Share (BPS) Analysis By Application
11.16 Absolute $ Opportunity Assessment By Application
11.17 Market Attractiveness Analysis By Application
11.18 South East Asia (SEA) Orthokeratology Lens Market Size Forecast By End-user
11.18.1 Hospitals
11.18.2 Ophthalmology Clinics
11.18.3 Vision Care Centers
11.18.4 Others
11.19 Basis Point Share (BPS) Analysis By End-user
11.20 Absolute $ Opportunity Assessment By End-user
11.21 Market Attractiveness Analysis By End-user
Chapter 12 Asia Pacific (Excluding SEA) Orthokeratology Lens Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific (Excluding SEA) Orthokeratology Lens Market Size Forecast by Country
12.2.1 China
12.2.1.1 By Product Type
12.2.1.2 By Material
12.2.1.3 By Application
12.2.1.4 By End-user
12.2.2 Hong Kong
12.2.2.1 By Product Type
12.2.2.2 By Material
12.2.2.3 By Application
12.2.2.4 By End-user
12.2.3 Japan
12.2.3.1 By Product Type
12.2.3.2 By Material
12.2.3.3 By Application
12.2.3.4 By End-user
12.2.4 South Korea
12.2.4.1 By Product Type
12.2.4.2 By Material
12.2.4.3 By Application
12.2.4.4 By End-user
12.2.5 India
12.2.5.1 By Product Type
12.2.5.2 By Material
12.2.5.3 By Application
12.2.5.4 By End-user
12.2.6 Australia
12.2.6.1 By Product Type
12.2.6.2 By Material
12.2.6.3 By Application
12.2.6.4 By End-user
12.2.7 Rest of Asia Pacific (APAC)
12.2.7.1 By Product Type
12.2.7.2 By Material
12.2.7.3 By Application
12.2.7.4 By End-user
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific (Excluding SEA) Orthokeratology Lens Market Size Forecast By Product Type
12.6.1 Overnight Ortho-K
12.6.2 Daytime Ortho-K
12.7 Basis Point Share (BPS) Analysis By Product Type
12.8 Absolute $ Opportunity Assessment By Product Type
12.9 Market Attractiveness Analysis By Product Type
12.10 Asia Pacific (Excluding SEA) Orthokeratology Lens Market Size Forecast By Material
12.10.1 Silicone Acrylate
12.10.2 Fluorosilicone Acrylate
12.10.3 Fluorocarbon Acrylate
12.10.4 Oprifocon A
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Material
12.12 Absolute $ Opportunity Assessment By Material
12.13 Market Attractiveness Analysis By Material
12.14 Asia Pacific (Excluding SEA) Orthokeratology Lens Market Size Forecast By Application
12.14.1 Myopia
12.14.2 Hypermetropia
12.14.3 Astigmatism
12.14.4 Presbyopia
12.15 Basis Point Share (BPS) Analysis By Application
12.16 Absolute $ Opportunity Assessment By Application
12.17 Market Attractiveness Analysis By Application
12.18 Asia Pacific (Excluding SEA) Orthokeratology Lens Market Size Forecast By End-user
12.18.1 Hospitals
12.18.2 Ophthalmology Clinics
12.18.3 Vision Care Centers
12.18.4 Others
12.19 Basis Point Share (BPS) Analysis By End-user
12.20 Absolute $ Opportunity Assessment By End-user
12.21 Market Attractiveness Analysis By End-user
Chapter 13 Competition Landscape
13.1 Orthokeratology Lens Market: Competitive Dashboard
13.2 South East Asia (SEA) and Asia Pacific (Excluding SEA) Orthokeratology Lens Market: Market Share Analysis, 2020
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Bausch & Lomb Incorporated
13.3.2 Brighten Optix.Co.
13.3.3 Capricornia Contact Lens
13.3.4 CooperVision
13.3.5 Essilor
13.3.6 Euclid Systems Corporation
13.3.7 Gelflex.
13.3.8 LUCID KOREA LTD
13.3.9 Menicon Co., Ltd
13.3.10 SEED Co., Ltd
13.3.11 Optact International Co., Ltd
13.3.12 Visioneering Technologies, Inc.