Spectacle Lens Market, By Lens Type (Single Vision, Bifocal, Trifocal, Others), By Coating Type (Anti-reflective Coating, Scratch-resistant Coating, Anti-fog Coating, UV Protection, Others), By Disease Indication (Myopia, Hyperopia, Presbyopia, Others), B

Spectacle Lens Market, By Lens Type (Single Vision, Bifocal, Trifocal, Others), By Coating Type (Anti-reflective Coating, Scratch-resistant Coating, Anti-fog Coating, UV Protection, Others), By Disease Indication (Myopia, Hyperopia, Presbyopia, Others), By Type (Rx Spectacle Lenses and Non-Rx Spectacle Lenses), By Sales Channel (Retail Stores, Online Stores, Ophthalmic Clinics), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

With increasing awareness about ocular health and eyesight, more people are opting for corrective lenses. Advances in lens technology have enabled manufacturers to develop a wide range of spectacle lenses catering to diverse vision requirements. Growing popularity of progressive and anti-reflective coated lenses coupled with expanding base of geriatric population can boost demand for spectacle lenses in the future.

Market Dynamics

Spectacle lens market growth is driven by factors like growing prevalence of myopia, rising eye healthcare awareness, increasing disposable incomes, and technological innovations facilitating new product launches. In December 2021, according to National Center for Biotechnology Information, the global prevalence of myopia is predicted to increase from 27% of the world's population in 2010 to 52% by 2050. This has boosted demand for prescription lenses significantly. Moreover, growing fashion consciousness and customized lens treatments offering anti-scratch, anti-reflective, and UV protection coatings also boosts the popularity of premium lens varieties.

High costs associated with advanced lens types can hamper their adoption especially in price-sensitive developing nations. Popularity of refractive surgeries and contact lenses as an alternative to spectacles can also hamper the market growth. Emerging opportunities in developing countries, growing online sales, and rising focus on men's lens segment can present new profitable avenues for players in the near future.

Key features of the study

• This report provides in-depth analysis of the global spectacle lens market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global spectacle lens market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Hoya Vision Care Company, GKB Ophthalmics Ltd., Essilor International SA, Carl Zeiss Meditec AG, Seiko Optical Products Co. Ltd., EssilorLuxottica, Fielmann Group AG, Transitions Optical, Inc., CooperVision, Safilo Group S.p.A., Plexus Optix, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global spectacle lens market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spectacle lens market

Market Segmentation

• By Lens Type Insights (Revenue, USD, 2019 - 2031)
• Single Vision
• Bifocal
• Trifocal
• Others
• By Coating Type Insights (Revenue, USD, 2019 - 2031)
• Anti-reflective Coating
• Scratch-resistant Coating
• Anti-fog Coating
• UV Protection
• Others
• By Disease Indication Insights (Revenue, USD, 2019 - 2031)
• Myopia
• Hyperopia
• Presbyopia
• Others
• By Type Insights (Revenue, USD, 2019 - 2031)
• Rx Spectacle Lenses
• Non-Rx Spectacle Lenses
• By Sales Channel Insights (Revenue, USD, 2019 - 2031)
• Retail Stores
• Online Stores
• Ophthalmic Clinics
• Regional Insights (Revenue, USD, 2019 - 2031)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Hoya Vision Care Company
• GKB Ophthalmics Ltd.
• Essilor International SA
• Carl Zeiss Meditec AG
• Seiko Optical Products Co. Ltd.
• EssilorLuxottica
• Fielmann Group AG
• Transitions Optical, Inc.
• CooperVision
• Safilo Group S.p.A.
• Plexus Optix, Inc.