According to Arizton’s latest research report, the progressive lenses market will grow at a CAGR of 4.37% from 2022-2027. The demand for eye care products is continually increasing with the growing prevalence of visual dysfunctions in developed and developing countries.
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The acceptance and demand for progressive lenses were mainly concentrated in developed countries such as the U.S., Japan, the UK, Germany, and France. However, developing Asian countries such as India and China are witnessing a high demand for progressive lenses due to the expanding target population with refractive error, visual impairment eye disorders, and aggressive retail optical stores marketing campaigns.
Progressive Lenses Market Report Scope
|Market Size (2027)||$38.64 Billion|
|Market Size (2021)||$29.90 Billion|
|Market Segmentation||Material, Applications, Age Group, Distribution Channel, and Geography|
|Geographic Analysis||North America, Europe, APAC, Latin America, and Middle East & Africa|
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Progressive lenses are complex multifocal lenses that require complex measurements. Therefore, patients prefer direct-to-doctor communication to place direct orders for progressive lenses online. However, every eyewear segment is vastly increasing its sales through e-commerce platforms. Integrating virtual showrooming with online platforms allows users to try products online and redefines the shopping experience. Also, virtual “try-before-you-buy” experiences enable eyewear specialists to offer traditional in-store retail experiences online and reduce the frequency of returns. Similar options can also be given through 3D images and mimicking the showroom online. Research-online-purchase-offline and research-offline-purchase-online are other emerging trends wherein there has been an impeccable integration between online and offline channels to offer maximum convenience to consumers.
Most vendors started using the doctor-directed process to increase the sales of their progressive lenses in the global market. This doctor-directed process has proved to be a tremendous success for opticians specializing in selling progressive lenses.
Evolution of 3D-Printing Progressive Lenses
In recent years, 3D printing has changed the way eyewear is designed and manufactured. 3D Printing is revolutionizing several industries, including the global progressive lenses market. Also, 3D printing technology has opened new avenues for eyewear manufacturers that offer progressive lenses. Printing technology is a unique platform for manufacturers of progressive lenses to increase their production volume. Moreover, 3D technology enables manufacturers to eliminate 30+ conventional processes to manufacture more efficient and customized products.
3D printing technology can also be used to create overly complex structures and, in some cases, designs that would have been unattainable without 3D printing due to limitations associated with conventional manufacturing processes. This technology is increasingly being used in the eyewear industry to produce 3D-printed eyewear. It opens a wide range of possibilities for creating completely 3D-printed eyewear frames.
Vendors also look forward to establishing new subsidiaries and signing distribution/sales partnerships with regional vendors and M&As to enhance their geographical footprint and global customer base. One of the most significant mergers witnessed in the vision care industry recently was the merger of two major vendors, Luxottica and Essilor. Together, these two companies formed EssilorLuxottica and increased their market share significantly. Brand identity determines initial and repeated customer purchases in developed markets. Vendors often resort to building a strong brand portfolio that is deeply connected to users. This is one of the reasons for the surge in collaborations between conventional eyeglass manufacturers and fashion houses to launch co-branded offerings. Further, there has been increased strategic cooperation between these players to achieve a more comprehensive geographical presence or strengthen their product and customer portfolios.
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- Indo Optical SLU
- JIANGSU HONGCHEN OPTICAL
- Leica Eyecare
- Nikon Optical
- Optimum RX Group
- Prime Lenses
- RUPP & HUBRACH GLASSES
- Seiko Optical Products
- Shanghai Conant Optics
- Signet Armorlite
- Tokai Optical
- Vision Ease
- Yash Optics And Lens
- Younger Optics
- Material: Polycarbonate, Plastic, and Others
- Applications: Myopia, Presbyopia, Hyperopia, and Astigmatism
- Age Group: 60 & Above, 30 To 60, and Below 30
- Distribution Channel: Optical Retail Stores, Eye Care Clinics, Hospitals, and Online Stores
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
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