Industry Background:
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.
This growth is primarily driven by Growing of Aging Population and The rise in the Number of Children Being Diagnosed With Vision Disorders.
Globally, a noticeable market trend is evident Increasing Awareness about Eye Care
. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- Growing of Aging Population
- The rise in the Number of Children Being Diagnosed With Vision Disorders
Market Trend
- Increasing Awareness about Eye Care
- Growth in Popularity of Tinted and Stylish Prescription Eyeglass Lenses
- Rising trend of Eyewear as a Fashion Quotient
Restraints
- Strict Regulations Regarding the Eyeglass Lenses
Opportunities
Increasing the Global Eye Health Policies in Developing Countries, Huge Demand for High Quality, Variable Focus Lenses, and Bifocals and Increase in New Innovative Varieties of Eyeglass Lenses
Challenges
Growing Availability of New Advanced Technologies and Rising Concerns over Eye Infection Related to Lenses
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Prescription Eyeglass Lenses Study Sheds Light on
The Prescription Eyeglass Lenses Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Prescription Eyeglass Lenses industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Prescription Eyeglass Lenses industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.