Image

Global Prescription Lens Market – Industry Trends and Forecast to 2029

Healthcare

Image

Global Prescription Lens Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Prescription Lens Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 37.42 USD Billion
Diagram Market Size (Forecast Year) USD 53.62 USD Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

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) – Industry Trends and Forecast to 2029.

Prescription Lens Market

Prescription Lens Market Analysis and Size

The global prescription lens market is expected to witness significant growth during the forecast period. Patients with refractive error are unaware of the condition and are not treated. According to the World Health Organization (WHO), URE accounted for 42.0% of the world's visual impairments in 2012. The increase in cases of visual impairment as a result of refractive error (mainly astigmatism and myopia) and the resulting increase in uncorrected refractive error (URE) in patients will drive profit growth in the next global prescription lens market. This is the main factor that is expected.

Data Bridge Market Research analyses a growth rate in the global prescription lens market in the forecast period 2022-2029. The expected CAGR of global prescription lens market is tend to be around 4.6% in the mentioned forecast period. The market was valued at USD 37.42 billion in 2021, and it would grow upto USD 53.62 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Prescription sunglasses are very much useful in protecting the eyes from the harmful ultraviolet rays that can cause permanent damage to the eyes. These glasses help resolve the issue of projecting the light on the retina for enhanced vision due to its feature of different shapes and coatings. Increasing acceptance and the rising usage of eyewear products alongwith prescription eyewears is a growth factor for the market.

Prescription Lens Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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

Market Players Covered

De Rigo (Italy), Essilor (France), LUXOTTICA GROUP P.IVA (U.S.), Marchon Eyewear, Inc. (U.S.), Marcolin SpA. (Italy), Safilo Group S.p.A. (Italy), Pivothead (U.S.), Specsavers (U.S.), CHARMANT USA Inc (U.S.), XIAMEN ASA SUNGLASSES CO., LTD. (China), ZEISS International (India), Hoya Vision Care Company (U.S.), Privé Revaux (U.S.), Seiko Optical Products Co., Ltd. (U.S.)

Market Opportunities

  • Developing living standards and fashion sense
  • Prevalence of Software

Global Prescription Lens Market Dynamics

Drivers

  • Increasing cases of refractive error cases

Demand for prescription lenses is expected to increase, mainly due to the increased prevalence of refractive errors such as myopia and astigmatism. Prescription lenses help solve the eye's lack of ability to project light onto the retina to improve vision. These lenses come in a variety of shapes and coatings and are recommended based on the order of refraction. Convex lenses are used to correct hyperopia, concave lenses are used to correct myopia, and cylindrical prescription lenses are used to correct astigmatism.

  • Effective advanced technology

People who work long hours in front of a computer have various eye problems. Therefore, companies can develop advanced techniques to improve prescription lenses and protect people from the harmful radiation of computers. GUNNAR Optiks offers correction lenses specially developed for computer use. These lenses are developed along with other lens technologies using blue light blocking technology. The development of such technologically advanced prescription lenses will contribute to the growth of the entire market.

Opportunities

  • Developing living standards and fashion sense

The younger generation is investing in fashionable sunglasses. This target group focuses on newly designed sunglasses to accentuate the look. Therefore, fashion awareness and a higher standard of living are expected to create opportunities in the global prescription lens market in the near future.

  • Prevalence of Software

The rising occurence of software which provide a useful metric for benchmarking, case management, analytics, care coordination, reporting and others are the primary factors which will further bring several opportunities for the growth of the prescription lens market in the above mentioned forecast period.

Restraints/Challenges

  • Lack of skilled professionals

The lack of qualified personnel who are unable to provide accurate diagnosis of lenses could curb the growth of the global prescription lens market over a forecast period of 2022 to 2029.

  • High Cost

High cost of these lenses can hinder the growth of the global prescription lens market even though the prevalence of the patients are high.

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 localized 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 the prescription lens market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Prescription Lens Market Scope

The prescription lens market is segmented on the basis of delivery mode, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Single Vision
  • Bifocal
  • Trifocal
  • Progressive
  • Workspace Progressive
  • Others

Application

  • Myopia
  • Hyperopia/Hypermetropia
  • Astigmatism
  • Presbyopia

Lens-Coating

  • Anti-reflective
  • Scratch Resistant Coating
  • Anti-Fog Coating
  • Ultraviolet Treatment

Prescription Lens Market Regional Analysis/Insights

The global prescription lens market is analysed and market size insights and trends are provided by delivery mode, application and end-user as referenced above.

The major countries covered in the prescription lens market are the 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 rising prevalence of myopia and presbyopia in developing countries. Major market players dominate the region and establish prescription lens with much advanced features.

Meanwhile, the Asia-Pacific region is considered to have the most lucrative growth in the prescription lens market due to the growing prevalence of the refractive errors in the region. 

The country section of the 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. Also, the 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.

Competitive Landscape and Global Prescription Lens Market Share Analysis

The 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 to prescription lens market

Key players operating in the global prescription lens market include:

  • De Rigo (Italy)
  • Essilor (France)
  • LUXOTTICA GROUP PIVA (U.S.)
  • Marchon Eyewear, Inc. (U.S.)
  • Marcolin SpA. (Italy)
  • Safilo Group S.p.A. (Italy)
  • Pivothead (U.S.)
  • Specsavers (U.S.)
  • CHARMANT USA Inc (U.S.)
  • XIAMEN ASA SUNGLASSES CO., LTD. (China)
  • ZEISS International (India)
  • Hoya Vision Care Company (U.S.)
  • Privé Revaux (U.S.)
  • Seiko Optical Products Co., Ltd. (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

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 customized 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 analyzed 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The prescription lens market is expected USD 53.62 billion by 2029.
The prescription lens market is projected to grow at a CAGR of 4.60% during the forecast period of 2022-2029.
On the basis of application, the Prescription Lens Market is segmented into Myopia, Hyperopia/Hypermetropia, Astigmatism and Presbyopia.
The major players operating in the Prescription Lens Market are De Rigo (Italy), Essilor (France), LUXOTTICA GROUP P.IVA (U.S.), Marchon Eyewear, Inc. (U.S.), Marcolin SpA. (Italy), Safilo Group S.p.A. (Italy), Pivothead (U.S.), Specsavers (U.S.), CHARMANT USA Inc (U.S.), XIAMEN ASA SUNGLASSES CO., LTD. (China), ZEISS International (India), Hoya Vision Care Company (U.S.), Privé Revaux (U.S.), Seiko Optical Products Co., Ltd. (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials