North America Orthokeratology Market by Product Type, End-Use, and Country-wise Insights: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a detailed report on the North American Orthokeratology Market. This report provides a comprehensive analysis of critical market dynamics, including drivers, trends, opportunities, and challenges, delivering detailed insights into the market structure. It includes exclusive data and forecasts that chart the anticipated growth trajectory of the North American Orthokeratology Market from 2024 to 2031.

Key Insights:

North American Orthokeratology Market Size (2024E): US$172.6 Million
Projected Market Value (2031F): US$256.2 Million
Regional Market Growth Rate (CAGR 2024 to 2031): 5.8%

Orthokeratology Market - Report Scope:

Orthokeratology (Ortho-K) is a non-surgical method used to correct refractive errors such as myopia (nearsightedness) through the use of specially designed contact lenses. These lenses are worn overnight to reshape the cornea, enabling patients to see clearly during the day without the need for glasses or contact lenses. The North American market for Orthokeratology is experiencing significant growth due to the increasing prevalence of myopia, rising consumer awareness, and the growing demand for non-invasive vision correction solutions.

Market Growth Drivers:

The North American Orthokeratology market is driven by multiple factors, including the rising prevalence of myopia, particularly among children and young adults. Increasing awareness about the benefits of Ortho-K lenses, such as their non-invasive nature and ability to control the progression of myopia, further supports market growth. Advancements in lens technology, including improved comfort, durability, and effectiveness, are also contributing to increased adoption. The expanding demand for personalized and alternative vision correction methods, coupled with the convenience of overnight lens wear, is fueling the market.

Market Restraints:

Despite its promising growth prospects, the Orthokeratology market faces challenges such as high initial costs associated with Ortho-K lenses and the requirement for specialized fitting by trained professionals. Additionally, there is a lack of awareness about the benefits of Ortho-K lenses in certain segments of the population, which could hinder market expansion. The limited availability of trained professionals, especially in rural areas, poses another barrier to broader adoption.

Market Opportunities:

The North American Orthokeratology market presents substantial growth opportunities, driven by increasing myopia rates, particularly in younger populations. The rising acceptance of non-surgical eye care options, combined with growing awareness of myopia control strategies, opens new avenues for market players. Additionally, the introduction of improved Ortho-K lens designs, including lenses that address astigmatism and presbyopia, offers new prospects for market expansion. Strategic partnerships with eye care professionals and further research into Ortho-K's effectiveness in slowing myopia progression create further opportunities.

Key Questions Answered in the Report:

What are the key factors driving growth in the North American Orthokeratology market?
How are technological advancements in lens design shaping the Orthokeratology market?
What role does consumer awareness play in expanding the adoption of Ortho-K lenses?
Who are the major players in the North American Orthokeratology market, and what strategies do they employ to maintain market leadership?
What are the emerging trends and future prospects for the North American Orthokeratology market?
Competitive Intelligence and Business Strategy:

Leading companies in the North American Orthokeratology market, including Paragon Vision Sciences, CooperVision, and Bausch + Lomb, are focused on product innovation and expanding their market reach. These companies invest heavily in R&D to develop more effective and comfortable Ortho-K lenses, with particular emphasis on customization and myopia control. Collaborations with optometrists and ophthalmologists, along with comprehensive training programs, are key strategies to boost customer adoption. Additionally, increasing patient education and raising awareness about the long-term benefits of Ortho-K lenses contribute to market growth.

Key Companies Profiled:

Paragon Vision Sciences
Bausch + Lomb
Euclid Systems Corporation
GP Specialists
Art Optical Contact Lens, Inc.
Menicon Co., Ltd.
CooperVision
Visionary Optics, LLC
EandE Optics
Brighten Optix

North America Orthokeratology Market Segmentation

By Product Type

Day-time Ortho-K Lenses
Overnight Ortho-K Lenses

By Material

Fluorosilicone Acrylate
Silicone Acrylate
Others

By Application

Myopia
Presbyopia
Hypermetropia
Astigmatism

By End User

Hospitals
Optometry Clinics
Ophthalmology Clinics
Others

By Region

U.S.
Canada

Product Code: PMRREP34948

1. Executive Summary

1.1. North America Orthokeratology Market Snapshot, 2024 - 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. North America Sectorial Outlook
- 2.3.2. North America GDP Growth Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Regulatory Landscape
3.2. Product Adoption Analysis
3.3. Value Chain Analysis
3.4. Key Deals and Mergers
3.5. PESTLE Analysis
3.6. Porter's Five Force Analysis

4. North America Orthokeratology Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

4.1. Key Highlights
- 4.1.1. Market Size (US$ Mn) and Y-o-Y Growth
- 4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Mn) Analysis, 2019 - 2023
- 4.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2024 - 2031
4.3. North America Orthokeratology Market Outlook: Product Type
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Mn) Analysis, By Product Type, 2019 - 2023
- 4.3.3. Current Market Size (US$ Mn) Analysis and Forecast, By Product Type, 2024 - 2031
  - 4.3.3.1. Day-time Ortho-K Lenses
  - 4.3.3.2. Overnight Ortho-K Lenses
- 4.3.4. Market Attractiveness Analysis: Product Type
4.4. North America Orthokeratology Market Outlook: Material
- 4.4.1. Introduction / Key Findings
- 4.4.2. Historical Market Size (US$ Mn) Analysis, By Material, 2019 - 2023
- 4.4.3. Current Market Size (US$ Mn) Analysis and Forecast, By Material, 2024 - 2031
  - 4.4.3.1. Fluorosilicone Acrylate
  - 4.4.3.2. Silicone Acrylate
  - 4.4.3.3. Others
- 4.4.4. Market Attractiveness Analysis: Material
4.5. North America Orthokeratology Market Outlook: Application
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Mn) Analysis, By Application, 2019 - 2023
- 4.5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024 - 2031
  - 4.5.3.1. Myopia
  - 4.5.3.2. Presbyopia
  - 4.5.3.3. Hypermetropia
  - 4.5.3.4. Astigmatism
- 4.5.4. Market Attractiveness Analysis: Application
4.6. North America Orthokeratology Market Outlook: End User
- 4.6.1. Introduction / Key Findings
- 4.6.2. Historical Market Size (US$ Mn) Analysis, By End User, 2019 - 2023
- 4.6.3. Current Market Size (US$ Mn) Analysis and Forecast, By End User, 2024 - 2031
  - 4.6.3.1. Hospitals
  - 4.6.3.2. Optometry Clinics
  - 4.6.3.3. Ophthalmology Clinics
  - 4.6.3.4. Others
- 4.6.4. Market Attractiveness Analysis: End User

5. North America Orthokeratology Market Outlook: Country

5.1. Key Highlights
5.2. Historical Market Size (US$ Mn) Analysis, By Country, 2019 - 2023
5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024 - 2031
- 5.3.1. U.S.
- 5.3.2. Canada
5.4. Market Attractiveness Analysis: Country

6. U.S. Orthokeratology Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019 - 2023
- 6.2.1. By Product Type
- 6.2.2. By Material
- 6.2.3. By Application
- 6.2.4. By End User
6.3. Current Market Size (US$ Mn) Analysis and Forecast, By Product Type, 2024 - 2031
- 6.3.1. Day-time Ortho-K Lenses
- 6.3.2. Overnight Ortho-K Lenses
6.4. Current Market Size (US$ Mn) Analysis and Forecast, By Material, 2024 - 2031
- 6.4.1. Fluorosilicone Acrylate
- 6.4.2. Silicone Acrylate
- 6.4.3. Others
6.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024 - 2031
- 6.5.1. Myopia
- 6.5.2. Presbyopia
- 6.5.3. Hypermetropia
- 6.5.4. Astigmatism
6.6. Current Market Size (US$ Mn) Analysis and Forecast, By End User, 2024 - 2031
- 6.6.1. Hospitals
- 6.6.2. Optometry Clinics
- 6.6.3. Ophthalmology Clinics
- 6.6.4. Others
6.7. Market Attractiveness Analysis

7. Canada Plasmid Orthokeratology Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019 - 2023
- 7.2.1. By Product Type
- 7.2.2. By Material
- 7.2.3. By Application
- 7.2.4. By End User
7.3. Historical Market Size (US$ Mn) Analysis, By Market, 2019 - 2023
- 7.3.1. By Product Type
- 7.3.2. By Material
- 7.3.3. By Application
- 7.3.4. By End User
7.4. Current Market Size (US$ Mn) Analysis and Forecast, By Product Type, 2024 - 2031
- 7.4.1. Day-time Ortho-K Lenses
- 7.4.2. Overnight Ortho-K Lenses
7.5. Current Market Size (US$ Mn) Analysis and Forecast, By Material, 2024 - 2031
- 7.5.1. Fluorosilicone Acrylate
- 7.5.2. Silicone Acrylate
- 7.5.3. Others
7.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024 - 2031
- 7.6.1. Myopia
- 7.6.2. Presbyopia
- 7.6.3. Hypermetropia
- 7.6.4. Astigmatism
7.7. Current Market Size (US$ Mn) Analysis and Forecast, By End User, 2024 - 2031
- 7.7.1. Hospitals
- 7.7.2. Optometry Clinics
- 7.7.3. Ophthalmology Clinics
- 7.7.4. Others
7.8. Market Attractiveness Analysis

8. Competition Landscape

8.1. Market Share Analysis, 2023
8.2. Market Structure
- 8.2.1. Competition Intensity Mapping By Market
- 8.2.2. Competition Dashboard
8.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 8.3.1. Paragon Vision Sciences
  - 8.3.1.1. Overview
  - 8.3.1.2. Segments and Products
  - 8.3.1.3. Key Financials
  - 8.3.1.4. Market Developments
  - 8.3.1.5. Market Strategy
- 8.3.2. Bausch + Lomb
- 8.3.3. Euclid Systems Corporation
- 8.3.4. GP Specialists
- 8.3.5. Art Optical Contact Lens, Inc.
- 8.3.6. Menicon Co., Ltd.
- 8.3.7. CooperVision
- 8.3.8. Visionary Optics, LLC
- 8.3.9. E&E Optics
- 8.3.10. Brighten Optix

9. Appendix

9.1. Research Methodology
9.2. Research Assumptions
9.3. Acronyms and Abbreviations