Market Size (2016)
2016
$2.06B
Vertical: HealthcareBase Year: 201811 Sections
Market Size (2016)
2016
$2.06B
Projected (2025)
2025
$3.86B
CAGR (2016–2025)
7.2%
7.2%Key Players
106+
This report covers Orthokeratology Lens Market with forecasts from 2016 to 2025. 106 key companies are profiled.
The Orthokeratology Lens Market market is projected to grow at a CAGR of 7.2% from 2016 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Size (USD Mn)
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View Subscription PlansThe scope of the global orthokeratology lens study includes the market size analysis and a detailed analysis of the manufacturers’ products and strategies. The market has been segmented based on material, application, and end user.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2016 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Historical data (2016–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansBargaining Power of Suppliers
The bargaining power of suppliers shows how easy it is for the suppliers to influence the prices of the global orthokeratology lens market. The supplier’s bargaining power is considered to have a high-level impact on the orthokeratology lens market. Businesses must obtain the necessary resources that they need from the resource suppliers to carry out their activities. The price of the orthokeratology lens is determined by the interaction between the suppliers and the end users. The number of suppliers serving the global orthokeratology lens market is high as compared to the number of orthokeratology lens manufacturing firms operating in the sector, while the competition among the suppliers is moderate to high due to the high value of the transaction. Thus, the firms have a strong position due to lower switching cost relative to the suppliers. The factors favoring the suppliers are the moderate degree of differentiation and high quality of inputs used in the manufacturing of orthokeratology lens products, which lowers the chances of a reliable and quality supplier being substituted. Thus, the supplier’s power is high in the global orthokeratology lens market.
Bargaining Power of Buyers
The bargaining power of the buyers will be low for orthokeratology lens products as the tolerance for substandard products and substitutes is less due to the critical role of the orthokeratology lens products in the therapeutics industry. The switching cost from one firm’s products to another seller’s product is high due to high sensitivity, selectivity, and specificity needed in the orthokeratology lens products, which reduces the bargaining power of buyers. Proprietary nature of lens coupled with the difficulty in developing a similar substitute product also reduces the buying power of the buyers. Thus, beginning from scratch in such specialized industries is very difficult, which reduces backward integration chances.
Threat of New Entrants
The threat of new entrants is moderate to high in the global orthokeratology lens market. Orthokeratology lens products market is a specialized market with high growth potential and requiring high technological knowledge. The global orthokeratology lens market is also highly sensitive to technological advancements and disruptive innovations. Any development in orthokeratology lens with even a small advantage over existing orthokeratology lens will have a disastrous effect on the existing players. The orthokeratology lens industry has a high capital and research intensity, which raises the bar for market entry, with the capital investment in technology being very high. The global orthokeratology lens market also needs highly skilled manpower. The research intensity and higher intellectual property utilized in the industry makes a new technology highly disruptive of existing technology and players.
Threat of Substitutes
The orthokeratology lens market has moderate to the low threat of substitute. The other substitute method for treating myopia (nearsightedness) other than orthokeratology lens are refractive surgeries (laser procedures and photorefractive keratectomy), contact lenses, and eyeglasses.
Eyeglass lenses for nearsightedness include high-index lenses (for thinner, lighter glasses) and lenses with anti-reflective coating. Photochromic lenses are used to protect the eyes from UV rays and high-energy blue light.
In the current scenario, refractive surgery can reduce or even eliminate the need for glasses or contacts. But these surgeries are expensive in compared to orthokeratology lens.
Intensity of Rivalry
The degree of competition in the global orthokeratology lens market is moderate to high. The restrained degree of product differentiation among existing players increases the intensity of rivalry in the market. Manufacturing companies are trying to develop cost-effective orthokeratology lens to make product differentiation more affordable in the developing region. Players are engaged in developing a process to lower their manufacturing cost to overcome the competition. Moreover, the players are also developing advanced techniques to differentiate their product from their rivals.
Market estimates by geography (2025)
InsightNorth America leads with $1.31B by 2025.
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View Subscription Plans| REGION | 2016 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $96.80M | $120.70M | $145.10M | 4.6% | 4% |
| North America | $676.90M | $967.70M | $1.31B | 7.6% | 34% |
| Asia Pacific | $610.60M | $864.20M | $1.16B | 7.4% | 30% |
| Europe | $503.10M | $705.40M | $942.40M | 7.2% | 24% |
| South America | $174.10M | $230.80M | $293.90M | 6.0% | 8% |
| Total | $2.06B | $2.89B | $3.86B | 7.2% | 100% |
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View Subscription PlansTotal Market Size
$3.86B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Silicone acrylate | $2.21B | 7.2% | 88% |
| Fluorosilicone acrylate | $1.09B | 7.2% | 82% |
| Fluorocarbon acrylate | $403.10M | 7.2% | 81% |
| Others | $153.20M | 7.2% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Orthokeratology Lens Market covering market dynamics, competitive landscape, and strategic outlook.
The Orthokeratology Lens Market market is projected to reach $3.86B by 2025, growing at 7.2% CAGR. The Silicone acrylate segment holds the largest share.
Orthokeratology is also known as ortho-k, corneal refractive therapy (CRT), and overnight vision correction therapy. It is a non-surgical method used to correct refractive errors by reshaping the curvature of the cornea to improve object visibility. This procedure is a temporary treatment method used for the correction of myopia, hypermetropia, and other eye-related problems.
In the orthokeratology therapy, rigid gas permeable contact lenses are worn overnight that reshapes the curvature of the cornea to improve object visibility. The use of ortho-k lenses eliminates the need for daytime contact lenses or glasses and improves vision.
The key factors responsible for driving the market are growing prevalence of refractive errors across the globe, advancements in the field of ophthalmology, low cost compared to laser-assisted in situ keratomileuses (LASIK) treatment and increasing preference for nonsurgical eye treatment methods. Also, the low cost compared to other treatment methods boosts market growth. According to the World Health Organization, high myopia and myopia are likely to affect 10.0% (925 million) and 52% (4949 million) of the world’s population, respectively by 2050.
However, factors such as the availability of alternatives for the treatment and risk associated with orthokeratology hamper market growth.
A rise in the number of individuals with refractive errors such as myopia, hypermetropia, astigmatism, and presbyopia increases the demand for innovative treatment methods. Myopia is reported as the most common disorder affecting a large number of populations worldwide. The World Health Organization 2018 fact sheet estimated that approximately 1.3 billion people were living with some form of vision impairment. It also reported that 188.5 million patients have a mild vision impairment, 217 million people have moderate to severe vision impairment, and 36 million people are blind, globally.
Orthokeratology is a new innovative non-surgical treatment method which is mostly recommended for myopia patients with different age groups. Such an increasing rate of ophthalmology disorders is growing at an alarming rate.
Myopia or (near-sightedness) hypermetropia and other vision-related problems can be caused due to numerous reasons in humans, and the use of orthokeratology could help to cure this disorder. Hence, the increasing incidence of myopia is projected to drive the demand for orthokeratology within the global market over the forthcoming years. According to the World Health Organization fact sheet 2018, it was reported that 1.3 billion people are affected by some form of distance or near vision impairment across the world.
Furthermore, the presence of trained ophthalmologists has also led to the inflow of large revenues into the global market for orthokeratology. It is safe to estimate that the global market for orthokeratology would cross all previous landmarks of growth in terms of revenues and volume of sales over the next decade.
The accessibility of advanced lens types that can help in the easy reshaping of the cornea has also propelled demand within the global market for orthokeratology. Furthermore, orthokeratology can be conducted without inflicting pain in the eye, which has led to the popularity of this technique amongst the masses.
Orthokeratology is associated with an increased risk of microbial infection, bacterial infection, or inflammation of the cornea. The children and teenagers are more susceptible to have this infection due to less able than adults to maintain clean hand and contact lens hygiene. Under various studies, it is reported that a huge number of populations go to the doctor because of eye infections.
Orthokeratology can be more dangerous than other contact lenses because it is more prone to cause infections and may have serious effects because of which the patient may face lifelong vision loss. In some cases, wearing contact lenses overnight causes hypoxia (a large supply of oxygen) which leads to swelling in corneal.
These lenses are not recommended for patients having dry eye, eye injury, or problems that affect the cornea. Also, the patients allergic to any ingredient, such as thimerosal or mercury, which are used for contact lenses are not allowed to use these lenses. The side-effects mentioned above associated with this therapy concerns patients and hampers market growth.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 106 companies operating in the Orthokeratology Lens Market market, including revenue, employee count, and market positioning where available.
Showing 106 of 106 companies
Contamac
Company Headquarters: Saffron Walden, Essex Founded: 1987 Workforce: 51-200 Company Working: Contamac is the world’s largest independent manufacturer of contact (CL) and intraocular (IOL) lens materials, and a leading innovator in the development of specialist polymers and biocompatible materials for medical applications. The company has offices in the UK, the US, and China, and distributors around the world.
Brighten Optix
Company Headquarters: Taipei, Taiwan Founded: 2016 Workforce: Company Working: Brighten Optix is one of the largest manufacturers of specialty contact lenses in the Asia-Pacific region. It has a successfully integrated R&D center, advanced manufacturing technologies, and clinical research to create unique designs of lenses that fit Asian eyes. It has more than four decades of experience in the manufacturing and distribution of specialty contact lenses in Taiwan and the Asia-Pacific region.
Euclid Systems Corporation
Company Headquarters: Herndon, Virginia Founded: 1995 Workforce: 51-200 Company Working: Euclid Systems Corporation (Euclid) is a global leader of proactive myopia management and a leading manufacturer of advanced orthokeratology lens products. Euclid is the exclusive designer of the premium Euclid Emerald Ortho-K contact lens for overnight wear to reshape the cornea and wake up to clear vision. The company distributes its lens products through eye care professionals.
CE GP Specialists
Company Headquarters: San Diego, California, US Workforce: ~10 Company Working: CE GP Specialists (GP Specialists) is an eye care company involved in the manufacturing of high-quality rigid gas permeable and soft contact lenses. The company offers tori, keratoconus, and ortho-k rigid gas permeable lenses for all eye patients. GP Specialists distribute its ortho-k lenses across the world, including China, Taiwan, Vietnam, South Korea, and Australia.
CooperVision
Company Headquarters: Pleasanton, California, US Founded: 1980 Workforce: ~11,800 Company Working: CooperVision is a global medical device company which manufactures soft contact lenses. The company operates through two business units, CooperVision and Coopersurgical. The company offers contact lenses in a variety of materials, which include phosphorylcholine technology (PC) and silicone hydrogel aquaform technology. It primarily manufactures its products in facilities located in the UK, Hungary, Puerto Rico, Costa Rica, and the US and distributes its products in the US, UK, Belgium, and various smaller international regions.
Bausch & Lomb Incorporated
Company Headquarters: New Jersey, US Founded: 1853 Workforce: 20,000+ Company Working: Bausch & Lomb Incorporated develops, manufactures, and markets eye care products. The company’s products include contact lens and lens care products, such as chemical disinfectants for soft contact lenses, Boston line of products, and prescription pharmaceutical medicines to treat eye conditions such as glaucoma, conjunctivitis, eye allergies, dry eye, and retinal diseases, among others. Moreover, it also offers contract manufacturing services for sterile and non-sterile solutions, suspensions, ointments, gels, creams, nasals, and injectables. It is headquartered in the US and has additional offices in Argentina, Australia, Austria, Belgium, Bulgaria, Brazil, Canada, China, the Czech Republic/Slovakia, Dubai, France, Germany, Greece, and Hong Kong, among others. Bausch & Lomb Incorporated operates as a subsidiary of Bausch Health Companies Inc.
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Orthokeratology Lens Market