Market Highlights: Lenses are the most significant part of any pair of glasses that ensure you of enjoying the finest vision. Choices of eyeglass lenses are influenced mainly by four factors like vision, safety, appearance, and comfort. With the growing awareness levels among the people regarding the eye-care health usage of prescription eyeglass lenses would grow. The Asia-Pacific market is one of the most swiftly growing markets with respect to the eyewear industry. The eyewear market had experienced a slow-moving growth rate in the past few years because of the declining economy, but with the economy returning back to normal, this market is likely to observe a considerable rise in the upcoming years. The market study is being classified by Type (Single Vision, Bifocal, Trifocal, Transition and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Vietnam, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Prescription Eyeglass Lenses are Essilor (India), Carl Zeiss AG (Germany), Bausch + Lomb, Inc. (United States), Zeiss (Germany), Nikon (Japan), The Norville Group Ltd (United Kingdom), Rodenstock GmbH (Germany), SEIKO OPTICAL PRODUCTS CO., LTD (Seiko) (Japan) and HOYA (Japan).
Major Market Development Highlights On November 7th, 2019 –Essilor and Michelin announced the signature of 2-year collaboration through a Memorandum of Understanding as part of their mobilization around World Sight Day 2019. The collaboration aimed at joining forces to widely reach the public and raise awareness on the importance of good vision on the road as well as good functional tyres reliable up to the wear indicator. Poor vision and tyres in a bad state of use are two main risk factors for road safety, related to the human factor on one side and to one of the key performance features of the machine – the tyres that connect it to the road – on the other side.
Key Questions Answered in the Report What will the Prescription Eyeglass Lenses Market size and the growth rate be in Future? What are the key factors driving the Prescription Eyeglass Lenses Market? What are the key market trends and macro-economic impacting the growth of the Prescription Eyeglass Lenses Market? What are the challenges to market growth? Who are the key vendors in the Prescription Eyeglass Lenses Market? What are the market opportunities and threats faced by the vendors in the Prescription Eyeglass Lenses Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Prescription Eyeglass Lenses Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Prescription Eyeglass Lenses market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Prescription Eyeglass Lenses market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Prescription Eyeglass Lenses, Suppliers of Prescription Eyeglass Lenses, Wholesalers, Distributors, and Retailers of Prescription Eyeglass Lenses, Optical Industry and Regulatory Bodies. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.