The global spectacle lens market is expanding rapidly due to an increase in the prevalence of optical diseases or growing occurrences of vision impairment, as well as an increase in demand for spectacle lenses worldwide. Furthermore, increased eyewear production and consumption in various regional nations are likely to propel the spectacle lens market forward. However, issues such as the growing popularity of eye corrective operations and poor lens quality are likely to stymie the worldwide spectacle lens market’s expansion.
Spectacle Lens Market is likely to reach US$ 65,614.2 million by 2030, at a CAGR of 4.0%. With the growing awareness about vision impairment conditions and available vision correction solutions which is driving the market’s growth.
Request Sample Report (Including Full TOC, Table & Figures) @
Over the projected period, the increasing incidence of optical diseases or growing occurrences of vision impairment is likely to fuel development in the worldwide spectacle lens market. For example, impaired vision has a significant influence on quality of life. More than 2.2 billion individuals worldwide have a near or distance visual impairment, based on the World Health Organization (WHO). Cataracts and Uncorrected refractive errors are the major causes of visual impairment and blindness. This, in turn, is predicted to enhance demand for spectacle lenses globally, propelling the global spectacle lens market forward.
Over the projected period, the global spectacle lens market is likely to develop due to a rise in demand for spectacle lenses around the world. For example, when the number of cases of visual impairment or the incidence of optical illnesses rises, so does the global demand for spectacle lenses. Essilor announced the release of a new lens for children in August 2021, with the goal of improving the comfort levels of young spectacle users. Eyezen Kids lens is particularly created for wearers aged six to twelve and takes into account children’s factors such as gaze direction, morphology and object distance.
The world’s growing elderly population is likely to provide attractive growth possibilities for participants in the eyeglass lens industry. As stated by the World Health Organization (WHO), visual impairment has a significant influence on adult population quality of life. The majority of persons who have vision impairment or are blind are above the age of 50. Optical problems are also frequent in adults over the age of 60. diabetic retinopathy, cataract, Glaucoma and age-related macular degeneration (AMD) are the most prevalent causes of visual loss in the elderly. As a result, the global demand for spectacle lenses is increasing.
Buy This Complete Business Report @ https://www.coherentmarketinsights.com/insight/buy-now/5337
Increasing eyewear consumption and production in numerous regional nations would provide significant potential prospects for spectacle lens market participants. For example, market participants are focused on creating and marketing innovative items to fulfil rising demand. EssilorLuxottica announced the establishment of a specialized innovation center in France in July 2021 to strengthen its knowledge and develop its skills in electro – optic and smart eyewear technology. The Company wants to accelerate its activities to serve customers’ shifting requirements and fully embrace the ability of this fast-growing wearables category, using 10 years of research and development in this industry.
The global demand for spectacle lenses is expanding or has grown as individuals become more aware of vision impairment issues and accessible corrective treatments. This trend appears to be continuing due to causes such as the expanding geriatric population throughout the world, as visual impairment negatively damages older populations’ quality of life. This, in turn, is projected to help the market flourish.
Furthermore, a rise in the need for prescription eyeglasses throughout the world is predicted to increase want for spectacle lenses. People with presbyopia, astigmatism, hyperopia, and myopia wear prescription glasses to improve or correct their vision. As a result of the rising incidence of the aforementioned illnesses, the requirement for prescription eyewear is rising at a rapid rate. This tendency is projected to continue during the projection period.
Poor lens quality is predicted to stymie expansion in the global spectacle lens industry. Poor lens quality, for example, might cause distorted vision, particularly around the lens’s edge. Furthermore, low quality spectacle lenses can cause subjective vision impairment as well as eye burning and irritation. Many people struggle to adjust to progressive lenses. As a result, the worldwide spectacle lens market is slowing.
Get PDF Brochure with Latest Insights @
EssilorLuxottica announced in July 2021 that it has completed its acquisition of 76.72% ownership stake in GrandVision from HAL Optical Investments, a subsidiary of HAL Holding, in accordance with the block trade agreement inked into with HAL on July 30, 2019.
Carl Zeiss Meditec agreed to purchase IanTECH, a business focused on technological solutions for micro-interventional cataract surgery, in October 2018 to extend its offering in cataract surgery.
Key Companies Insights
The global market for spectacle lenses is quite competitive. This is due to an increase in demand for spectacle lenses throughout the world, and as a consequence, market participants are focused on developing and introducing unique products in the market.
Seiko Optical Products Co. Ltd., Carl Zeiss Meditec AG, Essilor International SA, GKB Opthalmics Ltd., Hoya Vision Care Company, Rodenstock GmbH and Nikon Corporation, among others, is a significant player in the worldwide spectacle lens industry.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Spectacle Lens Market Size Analysis from 2022 to 2030
11.6 COVID-19 Outbreak: Spectacle Lens Industry Impact
Chapter 2 Global Spectacle Lens Competition by Types, Applications, and Top Regions and Countries
2.1 Global Spectacle Lens (Volume and Value) by Type
2.3 Global Spectacle Lens (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 Spectacle Lens Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Spectacle Lens Market Analysis
Chapter 6 East Asia Spectacle Lens Market Analysis
Chapter 7 Europe Spectacle Lens Market Analysis
Chapter 8 South Asia Spectacle Lens Market Analysis
Chapter 9 Southeast Asia Spectacle Lens Market Analysis
Chapter 10 Middle East Spectacle Lens Market Analysis
Chapter 11 Africa Spectacle Lens Market Analysis
Chapter 12 Oceania Spectacle Lens Market Analysis
Chapter 13 South America Spectacle Lens Market Analysis
Chapter 14 Company Profiles and Key Figures in Spectacle Lens Business
Chapter 15 Global Spectacle Lens Market Forecast (2022-2030)
Chapter 16 Conclusions
About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Coherent Market Insights
533 Airport Boulevard, Suite 400,
Burlingame, CA 94010, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027