About Eyeglass Lenses
Eyeglass lenses are used to correct or recover many types of vision problems. The eyeglass consist of a frame that holds 2 pieces of glass or plastic, which have been ground into lenses to correct refractive errors. Eyeglasses lenses work by adding or deducting focusing power to the eye's cornea and lens. As technology advances, so do lenses. In the past, they were made entirely of glass but now most are made of high-tech plastics. The new ones are lighter, and are not easily breakable as easily as glass, and can be treated with a filter to shield the eyes from damaging ultraviolet (UV) light. Eyeglasses lenses today are fashion accessories, as stylish as purses and belts.
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 European Vendors will contribute the maximum growth to Global Eyeglass 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.
Vision Ease (United States), 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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Conant Optics Co., Ltd (China) and Chemilens (Vietnam).
Segmentation Overview
AMA Research has segmented the market of Global Eyeglass Lenses market by Type (Single Vision, Bifocal, Trifocal, Transition and Others), Application (Vision Correction and Normal Use) and Region.
On the basis of geography, the market of Eyeglass 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 Lens Material, the sub-segment i.e. Glass will boost the Eyeglass Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coating Type, the sub-segment i.e. Anti-reflective will boost the Eyeglass 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 Eyeglass Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness about Eye Care, Growth in Popularity of Tinted and Stylish Prescription Eyeglass Lenses and Rising trend of Eyewear as a Fashion Quotient
Market Growth Drivers:
Growing of Aging Population and The Rise in the Number of Children Being Diagnosed With Vision Disorders
Challenges:
Rising Concerns over Eye Infection Related to Lenses
Restraints:
High Production costs
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
Market Leaders and their expansionary development strategies
In September 2023, Hoya collaborates with eye care providers and telehealth platforms to offer virtual eye exams and online lens purchases, increasing accessibility and convenience for consumers.
In October 2023, Shamir releases its EyeZoom multifocal lens with improved near vision and intermediate performance, aiming for a more natural viewing experience.
Key Target Audience
Eyeglass Lenses Manufacturers, Potential Technology Investors, Downstream Vendors, End Users and Other
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.