An optical lens edger is a device that is used in the process of grinding glasses. The edger is a piece of capital equipment that grinds lenses on the edges of glasses. It allows the eye care professional to control the speed, quality, and pricing of the finished product. There are many benefits to using an optical lens edger. Globally, there are about 1.3 billion people who live with some form of vision impairment. In the U.S., about eighty percent of people have some degree of vision impairment, with more than 188.5 million people suffering from moderate-to-severe vision disabilities.
Increasing incidence of eye problems is expected to drive the global optical lens edger market in the coming years. According to the World Health Organization, at least 1.3 billion people around the world have vision impairments. Of these, 188.5 million suffer from mild to moderate vision impairment and another twenty-seven million suffer from moderate to severe vision impairment. Furthermore, the growing geriatric population will increase the demand for corrective eyeglasses.
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Following the COVID-19 outbreak in December 2019, the virus has spread to more than 100 countries across the globe and the World Health Organization has declared it a public health emergency. Nationwide lockdowns in various countries such as Italy, Spain, U.K., the U.S., Australia, India, and others, have declined the rate of daily patients’ visits to ophthalmologists. The pandemic has negatively impacted the optical Lens edger market in terms of supply and demand of products As a result, the global optical Lens edger market growth is also expected to witness a slowdown during this pandemic situation.
Optical lens edger market size is projected to rise over the forecast period owing to rising incidence of eye problems. For instance, according to World Health Organization (WHO) 2018 report, globally, it is estimated that approximately 1.3 billion people live with some form of vision impairment with regards to distance vision, 188.5 million people have mild vision impairment, 217 million have moderate to severe vision impairment, and 36 million people are blind.
Additionally, growing technology advancement in optical lens edger is again expected to drive the optical lens edger market growth during the forecast period, due to rising demand for pattern less lens edger devices can be attributed to the improvement in accuracy of lens edging. For instance, in 2018 Nidek Co. Ltd has launched the LEXCE Trend Patternless Edger.
Challenges to meet environment ecofriendly for optical lens edger device is key factor restraining factor for optical lens edger market growth. The chemical (lead alloy) dispensed during the cutting or edging of optical lens with edger can be harmful to patients contact.
On the basis of region, the optical lens edger market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to hold leading position in the optical lens edger market over the forecast period, due to growing number of eye disease and infection. For instance, according to National Eye Institute US 2014 report, around 14.9 Million Americans have eye disease in 2014.
Asia pacific is projected to witness significant growth over the forecast period, due to growing healthcare expenditure in this region. For instance, according to India Brand Equity Foundation 2018, in India, the health care expenditure in 2017 was US$ 160 billion and expected to increase to US$ 372 billion by 2022 which in turn expected to bring new technologies into the Indian market.
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Key players operating in the optical lens edger market include Nidek Co. Ltd., Luneau Technology Operations SAS, Essilor International S.A., US Ophthalmic, Huvitz Co., Ltd., Shanghai YanKe Instruments Co. Ltd., Dia Optical Co., Fuji Gankyo Kikai Mfg Co. Ltd., Visslo Inc, Coburn Technologies Inc.
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◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Optical Lens Edger Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Optical Lens Edger Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Optical Lens Edger Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Optical Lens Edger Industry Impact
Chapter 2 Global Optical Lens Edger Competition by Types, Applications, and Top Regions and Countries
2.1 Global Optical Lens Edger (Volume and Value) by Type
2.3 Global Optical Lens Edger (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Optical Lens Edger Sales, Consumption, Export, Import by Regions
Chapter 5 North America Optical Lens Edger Market Analysis
Chapter 6 East Asia Optical Lens Edger Market Analysis
Chapter 7 Europe Optical Lens Edger Market Analysis
Chapter 8 South Asia Optical Lens Edger Market Analysis
Chapter 9 Southeast Asia Optical Lens Edger Market Analysis
Chapter 10 Middle East Optical Lens Edger Market Analysis
Chapter 11 Africa Optical Lens Edger Market Analysis
Chapter 12 Oceania Optical Lens Edger Market Analysis
Chapter 13 South America Optical Lens Edger Market Analysis
Chapter 14 Company Profiles and Key Figures in Optical Lens Edger Business
Chapter 15 Global Optical Lens Edger Market Forecast (2022-2028)
Chapter 16 Conclusions
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