Paragon Vision Sciences

What Paragon Vision Sciences does

Paragon Vision Sciences is a US-based medical device company that designs, manufactures, and distributes orthokeratology (ortho-k) contact lenses under the Paragon CRT® brand. The company received FDA approval on June 13, 2002, for the first therapeutic lens design approved for overnight orthokeratology for the temporary reduction of myopia up to -6.00D sphere with ≤1.75 cyl astigmatism. Its core technology is a reverse-geometry gas-permeable contact lens made from its proprietary HDS 100 high-Dk material, both of which are manufactured in-house, giving Paragon full vertical control over lens design and material science. The portfolio also includes Paragon CRT Dual Axis® lenses for corneal astigmatism and specialty gas-permeable lens lines (FluoroPerm®, ParaPerm, RG4, Oxfore100).

The company operates a B2B go-to-market model in which eye care professionals (optometrists and ophthalmologists) must complete a 45-minute online certification before they may prescribe Paragon CRT lenses. Paragon supports this certified practitioner network through the Paragon Education and Training Academy, dedicated sales consultants, practice management consulting, and co-marketing resources. Patients purchase lenses through their certified providers, and the recommended annual replacement cycle generates recurring revenue. To streamline clinical workflows, Paragon offers a CRT Lens Calculator mobile app (iOS/Android) and a web-based Initial Lens Selector, both of which feed into the practitioner e-commerce ordering portal.

Founded in 1976 and headquartered in Gilbert, Arizona (2120 W. Guadalupe Rd.), Paragon Vision Sciences is a subsidiary of CooperVision Specialty EyeCare, which is in turn part of CooperCompanies (NYSE: COO). The company distributes lenses in over 50 countries, and more than 1 million patients have been treated with CRT lenses cumulatively. Disclosed clinical outcomes include a 97.6% patient satisfaction rate, 96% comfort acceptance, and 90%+ of FDA trial patients achieving 20/40 or better vision. The disclosed leadership team is limited to founder/inventor Jerome A. Legerton and Director of Quality Assurance Andrea Miller; no broader executive team, funding history, or standalone revenue figures are provided in the source data.

Name

Paragon Vision Sciences

Legal name

Paragon Vision Sciences, Inc.

Website

https://paragonvision.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Paragon Vision Sciences designs and manufactures FDA-approved Paragon CRT® orthokeratology contact lenses from proprietary HDS 100 material, selling exclusively through a certified eye care practitioner network spanning 50+ countries, as a subsidiary of CooperVision Specialty EyeCare (CooperCompanies).

Ownership category

akta.pro rank

Product category

Specialty Contact Lenses (Orthokeratology)

NAICS

Ophthalmic Goods Manufacturing (339115), Ophthalmic Goods Merchant Wholesalers (423460)

SIC

Ophthalmic Goods (3851)

akta.pro primary industry

Contact Lenses & Care Systems (Soft/RGP/Scleral Lenses; Cleaning/Disinfection Solutions) (HLAHAJAE)

akta.pro secondary industry

Contact Lens Specialty & Myopia Control (HLAKAKAK)

Keywords

• Orthokeratology lenses
• Gas permeable contact lenses
• Myopia management
• Corneal refractive therapy
• Specialty eye care

Headquarters

HQ city

Mesa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Contact Lens Sales: Paragon CRT contact lenses are sold to certified eye care professionals who then prescribe to patients. Lenses typically require annual replacement, creating recurring revenue through the practitioner channel. Patients purchase through their eye care providers.
2. Practitioner Certification: Eye care professionals must complete certification modules to become authorized Paragon CRT practitioners. Certification covers lens fitting, patient selection, and practice integration.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Paragon Vision Sciences manufactures FDA-approved Paragon CRT and Paragon CRT Dual Axis orthokeratology contact lenses from its proprietary HDS 100 high-Dk gas-permeable material. The lenses are worn overnight to temporarily reshape the cornea and correct myopia, allowing patients to see clearly the next day without glasses, daytime contacts, or surgery. The company also supplies a broader specialty gas-permeable lens product line (FluoroPerm, ParaPerm, RG4, Oxfore100) for irregular corneas and custom fittings.

Product overview

Paragon Vision Sciences, part of CooperVision Specialty EyeCare, operates as a pioneer and leader in orthokeratology. Its product portfolio centers on Paragon CRT® and Paragon CRT Dual Axis® contact lenses — reverse-geometry gas-permeable lenses made from proprietary HDS 100 material, FDA-approved for overnight wear to temporarily reduce myopia and astigmatism. The company distributes its lenses in over 50 countries and supports practitioners with in-house manufactured lens material and designs. Complementary offerings include fitting tools (the Paragon CRT® Calculator App and web-based Initial Lens Selector), training through the Paragon Education and Training Academy, and additional specialty lens lines (FluoroPerm®, ParaPerm, RG4, Oxfore100). The ecosystem is anchored by Paragon CRT® as the primary product, with supporting software tools and training services that enable eyecare professionals to adopt and deliver orthokeratology.

Differentiator

Problem solved

Functional benefit

Brands

• Paragon CRT: Corneal Refractive Therapy contact lenses for overnight myopia correction
• CRT Dual Axis

Products and services

• Paragon CRT Contact Lenses FDA-approved overnight orthokeratology contact lenses made from proprietary HDS 100 high-Dk gas-permeable material; worn while sleeping to temporarily reshape the cornea and provide clear vision the next day without glasses, daytime contacts, or surgery. Sold to certified eye care professionals who fit myopic patients.
• Paragon CRT Dual Axis Contact Lenses Dual-axis variant of the Paragon CRT overnight orthokeratology lens designed to address patients with combined myopia and corneal astigmatism. Intended for certified eye care professionals fitting patients requiring more customized overnight corneal reshaping.
• FluoroPerm Contact Lenses Specialty rigid gas-permeable contact lens in Paragon's GP product portfolio, used by eye care professionals for fitting patients requiring rigid lens correction beyond standard soft lenses.
• ParaPerm Contact Lenses Specialty rigid gas-permeable contact lens within Paragon's GP product portfolio for eye care professionals fitting patients with custom or specialty vision needs.
• RG4 Contact Lenses Specialty rigid gas-permeable contact lens offered by Paragon Vision Sciences as part of its broader GP lens portfolio for eye care professional fittings.
• Oxfore100 Contact Lenses Specialty rigid gas-permeable contact lens within Paragon's GP product portfolio for eye care professionals fitting patients with specialty vision correction requirements.

Quantifiable outcome

• 97.6% of patients report experience meets or exceeds expectations
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• CooperVision Specialty EyeCarecoreStrategic or Co-development PartnerParagon Vision Sciences is a part of CooperVision Specialty EyeCare, which addresses unmet needs of practitioners and patients worldwide. CooperVision is part of CooperCompanies (NYSE: COO). Paragon leverages the parent company's global infrastructure and resources while maintaining its specialized orthokeratology focus.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Euclid Systems Corporation: Euclid Systems manufactures orthokeratology contact lenses (Emerald™ and Euclid Ortho-K lenses) for overnight myopia correction, directly competing with Paragon CRT in the same practitioner channel and FDA-approved ortho-k category.
• Menicon Co., Ltd. Menicon is a leading Japanese manufacturer of gas-permeable contact lenses and orthokeratology products (e.g., Menicon Z Night, Miru 1day UpSide), directly competing in the specialty RGP and overnight ortho-k segment across global markets.

Broad incumbents

• Bausch + Lomb (Vision Care): Bausch + Lomb is a global ophthalmic device incumbent offering contact lenses, lens care, and refractive surgical products. Its broad portfolio overlaps with Paragon's RGP/ortho-k specialty niche and competes for practitioner shelf space and patient myopia correction share.
• Johnson & Johnson Vision: J&J Vision is a global contact lens and surgical vision incumbent (Acuvue, TECNIS) competing for myopia management share and practitioner relationships, with adjacent offerings in myopia control that pressure Paragon's specialty ortho-k positioning.
• Alcon Vision Care: Alcon is a global vision care incumbent offering DAILIES, PRECISION1, and surgical cataract/IOL products. As a broad contact lens and refractive competitor, it competes with Paragon for both practitioner relationships and downstream patient myopia correction share.

Emerging players

• Visioneering Technologies, Inc. Visioneering Technologies develops specialty contact lenses including NaturalVue Multifocal for myopia progression control, positioning it as an emerging competitor to Paragon CRT in pediatric myopia management with a soft daily-disposable alternative.
• CooperVision (MiSight): CooperVision's MiSight 1 day is the first FDA-approved soft contact lens for myopia progression control in children. While CooperVision is also Paragon's parent, MiSight represents an internal competitive modality that competes for the same pediatric myopia management prescriptions.
• Contex (Con-Tex Optical): Contex manufactures specialty gas-permeable contact lenses and fitting equipment, providing overlapping RGP lens technology and competing with Paragon in the broader specialty vision correction practitioner channel.
• Art Optical Contact Lens: Art Optical is a custom specialty contact lens manufacturer offering RGP, scleral, and ortho-k designs, competing with Paragon in the custom GP lens practitioner channel and adjacent specialty vision correction categories.

Regional players

• Lucid Korea (Lucid Ortho-K): Lucid Korea is an Asia-based orthokeratology lens manufacturer with strong presence in Korea and other Asian markets where myopia prevalence is highest, serving as a regional competitor to Paragon CRT in overnight ortho-k.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/ParagonVision
• Facebookfacebook.com/crtvision
• LinkedInlinkedin.com/company/paragon-vision-sciences
• Xx.com/crtvision

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paragon Vision Sciences