Global Focus on Improved Outcomes: Global Spectacle Lens Market
The global spectacle lens market is projected to achieve a remarkable valuation of USD 50,126.1 million in 2024, highlighting the growing emphasis on eye care.
With increasing awareness about eye health and the rising prevalence of vision-related problems, the demand for spectacle lenses is set to grow steadily. Experts forecast a compound annual growth rate (CAGR) of 4.0% over the next decade, culminating in an impressive market size of USD 74,230.8 million by 2034.
The worldwide market for spectacle lenses has been steadily expanding, which is indicative of both the growing demand for premium optical solutions and the growing awareness of the significance of maintaining good eyesight. In addition to correcting eyesight, spectacle lenses protect against UV radiation and digital eye strain, meeting the changing needs of customers across the globe.
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In recent years, there has been a sharp rise in vision impairment cases across the world caused by eye disorders, diabetes, and other factors. This, in turn, has created high demand for spectacles lenses and the trend is anticipated to persist through 2034.
The increased display time on virtual devices has led to rising demand for specialized spectacle lenses that reduce the negative outcomes of extended display times. This will positively impact sales of spectacle lenses during the forecast period.
Digital monitors emit blue light, which can cause eye strain and disrupt sleep styles. Spectacle lenses with blue light filtering competencies are designed to reduce the intensity of harmful blue light, lowering the attention pressure.
Many people who use digital devices also require vision correction for specific distance, intermediate, and near vision. Progressive lenses offer a seamless transition among those viewing distances, catering to the numerous visible needs of display users.
Advanced technologies and virtual lens surfacing have allowed for personalized lens designs for individual visible requirements. This customization ensures superior imaginative and prescient correction for digital device utilization.
Key Takeaways from the Spectacle Lens Market Study
The global spectacle lens industry valuation is set to reach US$ 74,230.8 million by 2034.
By product, the single-vision spectacle lenses segment is forecast to account for a revenue share of 41.6% in 2024.
By sales channel, retail sales held a prominent market share of 55.6% in 2023.
By application, the conventional spectacle lens segment is poised to grow at a CAGR of 2.6%.
Europe is predicted to hold a dominant market share of 23.3% by 2034.
China will record a healthy CAGR of 8.5% between 2024 and 2034.
“The proliferation of e-commerce platforms, growing incidence of eye diseases, and shift towards digitalization are prominent factors propelling the spectacle lens industry forward,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Recent Developments in the Spectacle Lens Market:
In June 2024, Germany-based Fielmann Group entered into a definitive agreement to acquire 100% equity ownership of Eyevious Style, Inc.
In August 2022, Japan-based HOYA Vision Care joined hands with Chinese eyeglass lens manufacturer Jiangsu Sigo Optical.
Top Key Companies Profiled from the Spectacle Lens Market
EssilorLuxottica
Fielmann Group AG
Carl Zeiss AG
Seiko Vision
Rodenstock GmbH
Shaw Lens Inc.
ASAHI-LITE by HYALOS
OPHTHALMICA BrillengläserGmbH & Co. KG
RUPP & HUBRACH LENS
BBGR UK
Jai Kudo Lenses
Wanxin Optics
VSP Global
Transitions Optical Limited.
CooperVision SEC
Safilo Group S.p.A.
Spectacle Lens Market Segmentation of Spectacle Lenses
By Product:
Single Vision Lenses
Progressive Lenses
Bifocal Lenses
Trifocal Lenses
By Sales Channel:
Retail Sales
Direct-to-consumers (Manufacturers’ Stores)
Hypermarket Chains
Retail Optical Stores
Mail Order/Online Sales
Independent Optician Store
Institutional Sales
Hospitals
Ophthalmology Clinics
Optometry Clinics
By Material:
Plastic Lenses
Polycarbonate Lenses
Trivex Lenses
High-index Lenses
Glass Lenses
By Usage:
Rx Spectacle Lenses
Non-Rx Spectacle Lenses
By Application:
Conventional Lens
Digital Lens
Sports Lenses
Polarized Lenses
Other Applications
By Disease Indication:
Myopia
Hyperopia
Astigmatism
Presbyopia
Other Disease Indication
By Region:
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Middle East & Africa
Global Focus on Improved Outcomes: Global Spectacle Lens Market
The global spectacle lens market is projected to achieve a remarkable valuation of USD 50,126.1 million in 2024, highlighting the growing emphasis on eye care.
With increasing awareness about eye health and the rising prevalence of vision-related problems, the demand for spectacle lenses is set to grow steadily. Experts forecast a compound annual growth rate (CAGR) of 4.0% over the next decade, culminating in an impressive market size of USD 74,230.8 million by 2034.
The worldwide market for spectacle lenses has been steadily expanding, which is indicative of both the growing demand for premium optical solutions and the growing awareness of the significance of maintaining good eyesight. In addition to correcting eyesight, spectacle lenses protect against UV radiation and digital eye strain, meeting the changing needs of customers across the globe.
Request Your Detailed Report Sample With Your Work Email:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19437
In recent years, there has been a sharp rise in vision impairment cases across the world caused by eye disorders, diabetes, and other factors. This, in turn, has created high demand for spectacles lenses and the trend is anticipated to persist through 2034.
The increased display time on virtual devices has led to rising demand for specialized spectacle lenses that reduce the negative outcomes of extended display times. This will positively impact sales of spectacle lenses during the forecast period.
Digital monitors emit blue light, which can cause eye strain and disrupt sleep styles. Spectacle lenses with blue light filtering competencies are designed to reduce the intensity of harmful blue light, lowering the attention pressure.
Many people who use digital devices also require vision correction for specific distance, intermediate, and near vision. Progressive lenses offer a seamless transition among those viewing distances, catering to the numerous visible needs of display users.
Advanced technologies and virtual lens surfacing have allowed for personalized lens designs for individual visible requirements. This customization ensures superior imaginative and prescient correction for digital device utilization.
Key Takeaways from the Spectacle Lens Market Study
The global spectacle lens industry valuation is set to reach US$ 74,230.8 million by 2034.
By product, the single-vision spectacle lenses segment is forecast to account for a revenue share of 41.6% in 2024.
By sales channel, retail sales held a prominent market share of 55.6% in 2023.
By application, the conventional spectacle lens segment is poised to grow at a CAGR of 2.6%.
Europe is predicted to hold a dominant market share of 23.3% by 2034.
China will record a healthy CAGR of 8.5% between 2024 and 2034.
“The proliferation of e-commerce platforms, growing incidence of eye diseases, and shift towards digitalization are prominent factors propelling the spectacle lens industry forward,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Recent Developments in the Spectacle Lens Market:
In June 2024, Germany-based Fielmann Group entered into a definitive agreement to acquire 100% equity ownership of Eyevious Style, Inc.
In August 2022, Japan-based HOYA Vision Care joined hands with Chinese eyeglass lens manufacturer Jiangsu Sigo Optical.
Top Key Companies Profiled from the Spectacle Lens Market
EssilorLuxottica
Fielmann Group AG
Carl Zeiss AG
Seiko Vision
Rodenstock GmbH
Shaw Lens Inc.
ASAHI-LITE by HYALOS
OPHTHALMICA BrillengläserGmbH & Co. KG
RUPP & HUBRACH LENS
BBGR UK
Jai Kudo Lenses
Wanxin Optics
VSP Global
Transitions Optical Limited.
CooperVision SEC
Safilo Group S.p.A.
Spectacle Lens Market Segmentation of Spectacle Lenses
By Product:
Single Vision Lenses
Progressive Lenses
Bifocal Lenses
Trifocal Lenses
By Sales Channel:
Retail Sales
Direct-to-consumers (Manufacturers’ Stores)
Hypermarket Chains
Retail Optical Stores
Mail Order/Online Sales
Independent Optician Store
Institutional Sales
Hospitals
Ophthalmology Clinics
Optometry Clinics
By Material:
Plastic Lenses
Polycarbonate Lenses
Trivex Lenses
High-index Lenses
Glass Lenses
By Usage:
Rx Spectacle Lenses
Non-Rx Spectacle Lenses
By Application:
Conventional Lens
Digital Lens
Sports Lenses
Polarized Lenses
Other Applications
By Disease Indication:
Myopia
Hyperopia
Astigmatism
Presbyopia
Other Disease Indication
By Region:
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Middle East & Africa
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