Global Prescription Lens Market, By Type (Single Vision, Bifocal, Trifocal, Progressive, Workspace Progressive and Others), Application (Myopia, Hyperopia/Hypermetropia, Astigmatism and Presbyopia), Lens Coating (Anti-reflective, Scratch Resistant Coating, Anti-Fog Coating and Ultraviolet Treatment), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Prescription Lens Market
Prescription lens market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market growth at a CAGR of 4.10% in the above-mentioned forecast period. Increase acceptance and usage of eyewear products in general and prescription eyewear i particularly is a growth driver for the market.
Prescription sunglasses are used for the protection of eyes from the harmful ultraviolet radiations which can cause permanent damage to the eyes. They help in resolving the inability of the eyes to project the light on retina for enhanced vision, as they are available in different shapes and coatings and are preferred as per the refractive order.
Growing prevalence of reflective error cases mainly astigmatism and myopia are driving the growth of the market. Various eye problems occur in people working for hours in front of the computer, as the companies are working to advanced technology to enhance the prescription lens that protects the persons from harmful radiations of the computer. Thus the development of such technologically advanced prescription lens will contribute in the growth of the market. Along with advanced technologies and development of enhanced prescriptions lenses, online platforms for vision testing are also expected to drive the growth of the market. Online tests are expected to help in rapid diagnosis of refractive errors and will propel the growth of the market. Growing disposable income has encouraged people to buy perfect eyewear products that are in proper combination with their increasing living standards. Moreover, young generation are investing in trending sunglasses and lens, youth goes for contact lenses to accentuate their appearance, thus due to fashion consciousness and living standards will create growth opportunities for prescription lens market in the forecast period of 2020-2027.
High treatment and correction cost of presbyopia and myopia and the risk associated with prescription lens will act as a restrain, and further challenge the growth of the in the prescription lens market in the forecast period mentioned above.
This prescription lens market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research prescription lens market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Prescription Lens Market Scope and Market Size
Prescription lens market is segmented on the basis of type, application and lens coating. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the prescription lens market is segmented into single vision, bifocal, trifocal, progressive, workspace progressive and others.
- On the basis of application, the prescription lens market is segmented into myopia, hyperopia/hypermetropia, astigmatism and presbyopia.
- Based on lens coating, the prescription lens market is segmented into anti-reflective, scratch resistant coating, anti-fog coating and ultraviolet.
Prescription Lens Market Country Level Analysis
Prescription lens market is analysed and market size insights and trends are provided by country, type, application and lens coating as referenced above.
The countries covered in the prescription lens market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominating the prescription lens market due to the increasing prevalence of myopia and presbyopia in countries such as Canada and the U.S, as major market players are present in the region and are launching prescription lens with advanced features.
The country section of the prescription lens market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Prescription lens market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for dental prescription lens market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the prescription lens market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Prescription Lens Market Share Analysis
Prescription lens market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related prescription lens market.
The major players covered in the prescription lens market report are De Rigo Vision S.p.A., Essilor, Fielmann, Lanvin, LUXOTTICA GROUP P.IVA, LVMH, Marchon Eyewear, Inc., Marcolin SpA., Maui Jim, Safilo Group S.p.A., Alexander McQueen, Michael Kors, Pivothead, Specsavers, FASTRACK LTD., CHARMANT Group, De Rigo Vision S.p.A., XIAMEN ASA SUNGLASSES CO., LTD., Kyboe., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Prescription Lens Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.