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.
MARKET DYNAMICS- EUROPE ORTHOKERATOLOGY MARKET
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.
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COVID-19 IMPACT ON 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.
EUROPE ORTHOKERATOLOGY MARKET- SEGMENTAL OVERVIEW
The Europe orthokeratology market is segmented into the lens type, application, distribution channel and country.
EUROPE ORTHOKERATOLOGY MARKET BY LENS TYPE
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.
EUROPE ORTHOKERATOLOGY MARKET BY APPLICATION
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.
EUROPE ORTHOKERATOLOGY MARKET BY DISTRIBUTION CHANNEL
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.
EUROPE ORTHOKERATOLOGY MARKET BY COUNTRY
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.
KEY PLAYERS IN 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.
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