About Acrylic Lenses
The acrylic lenses are lighter than glass lenses and have good resistance to any type of component breakage by shock or impact. The acrylic lenses are made in such a way that they are resistant to heat and offers excellent quality of light transmission and unique optical clarity. The light that comes from the single light source is captured and conducted with the help of fiber optic and acrylic light guides. Acrylic is not as real as polycarbonate as it does not have the same strength and resistance to the impacts. The acrylics have excellent weathering resistance. The UV light has very less effect on the acrylics and thus they are chosen more in the outdoor applications.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Acrylic Lenses market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bausch & Lomb, Inc. (United States), Wesely-Jessen (United States), Abbott Medical Optics, Inc. (United States), Polyoptics GmbH. (Germany), EyeKon Medical, Inc. (United States), CooperVision (United States), American Optical (United States), Hoya Corporation (Japan), Pexco LLC. (United States) and Lenstec, Inc. (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Acrylic Lenses market by Type (Hydrophilic Acrylic Lenses and Hydrophobic Acrylic Lenses), Application (Therapeutic Lenses, Corrective Lenses and Cosmetic Lenses) and Region.
On the basis of geography, the market of Acrylic Lenses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Aspherical Lenses will boost the Acrylic Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Acrylic Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Focus on Healthcare among the Growing Middle Class Population and Increasing Adoption of Daily Disposable Contact Lenses
Market Growth Drivers:
Increase in Disposable Income among the Population Worldwide and Growing Awareness towards Eye Health in both Underdeveloped and Developing Countries
Challenges:
Unable to correct all Vision Problems and Requires Extensive Practice in Technique
Restraints:
The User feel Uncomfortable with Intense Light and Scleral Indentation and Reflex Sneezing on Exposure to Bright Light
Opportunities:
Developing Healthcare Infrastructure in Emerging Economies and Focus on Developing Antibacterial and Night-Vision Contact Lenses
Market Leaders and their expansionary development strategies
In September 2023, Hoya, a leading Japanese optical lens manufacturer, announced a partnership with Zeiss, a German optical technology company. The partnership will focus on developing new and innovative acrylic lens manufacturing processes.
In October 2023, EssilorLuxottica, a leading ophthalmic lens manufacturer, announced the launch of its new acrylic intraocular lens (IOL), the AcrySof IQ ReSTOR +2.5T. The new IOL is designed to provide patients with improved near, intermediate, and distance vision.
Key Target Audience
Manufacturers of Acrylic Lenses, Suppliers of Acrylic Lenses, Wholesalers, Distributors and Retailers of Acrylic Lenses, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.