Global Progressive Lens Market 2023

Global Progressive Lens Market 2023

Progressive lenses, also known as multifocal lenses or no-line bifocals, are a type of eyeglass lens commonly used to correct presbyopia. Presbyopia is an age-related condition where the eye loses its ability to focus on nearby objects due to a natural decrease in flexibility of the lens. Progressive lenses are designed to provide clear vision at all distances, including near, intermediate, and far distances, without the visible line typically found in bifocal or trifocal lenses. They offer a seamless transition between different lens powers, allowing the wearer to see clearly at various distances by simply adjusting the gaze. The main advantage of progressive lenses is that they eliminate the need to switch between multiple pairs of glasses for different tasks. With progressive lenses, wearers can smoothly shift their focus from nearby objects to intermediate distances, such as computer screens, to far distances for activities like driving or watching TV. Progressive lenses have a gradual change in lens power from the top to the bottom, providing a more natural vision experience compared to traditional bifocal or trifocal lenses. The upper portion of the lens is typically designed for distance vision, while the lower part gradually increases the lens power for near vision. Intermediate vision correction is achieved through the transition zone, which lies between the distance and near portions of the lens.

According to the latest estimates, the global progressive lens market is set to achieve an incremental growth of USD 8.7 billion, accelerating at a CAGR of almost 4.04% during the forecast period 2023-2029. Presbyopia, the natural age-related loss of near vision, affects a significant portion of the population. As individuals age, they require corrective lenses to address this condition. Progressive lenses offer a convenient and seamless solution by incorporating multiple corrective powers into a single lens, accommodating different distances.

The global population is aging, leading to a higher demand for vision correction solutions. Progressive lenses cater to the needs of older individuals who require vision correction for both near and distant objects. The rise in life expectancy and the desire to maintain an active lifestyle contribute to the demand for progressive lenses.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global progressive lens market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Material: plastics, polycarbonate, others
Application: astigmatism, hyperopia, myopia, presbyopia
Distribution channel: eyecare clinics, hospitals, online stores, optical retail stores
Age group: below 30, 30 to 60, 60 and above
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the material, application, distribution channel, age group, and region. The global market for progressive lens can be segmented by material: plastics, polycarbonate, others. The polycarbonate segment captured the largest share of the market in 2022. Progressive lens market is further segmented by application: astigmatism, hyperopia, myopia, presbyopia. The myopia segment held the largest share of the global progressive lens market in 2022 and is anticipated to hold its share during the forecast period. Based on distribution channel, the progressive lens market is segmented into: eyecare clinics, hospitals, online stores, optical retail stores. In 2022, the optical retail stores segment made up the largest share of revenue generated by the progressive lens market. On the basis of age group, the progressive lens market also can be divided into: below 30, 30 to 60, 60 and above. Among these, the 60 and above segment was accounted for the highest revenue generator in 2022. Progressive lens market by region is categorized into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. Europe captured the largest share of the market in 2022.

Major Companies and Competitive Landscape
The report also provides a detailed analysis of several leading progressive lens market vendors that include Carl Zeiss AG, Chemiglas Corporation, EssilorLuxottica SA, Fielmann AG, Hoya Corporation, Jiangsu Hongchen Optical Co., Ltd., Jiangsu Huiding Optical Co., Ltd., Leica Camera AG, Mingyue Optical Lens Co., Ltd., New Tianhong Optical Co., Ltd., Nikon Corporation, Optiswiss AG, Rodenstock GmbH, Seiko Optical Products Co., Ltd., Shamir Optical Industry Ltd., Shanghai Conant Optics Co., Ltd., Tokai Optical Co., Ltd., Zhenjiang Wanxin Optical Glasses Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global progressive lens market.
To classify and forecast the global progressive lens market based on material, application, distribution channel, age group, region.
To identify drivers and challenges for the global progressive lens market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global progressive lens market.
To identify and analyze the profile of leading players operating in the global progressive lens market.

Why Choose This Report
Gain a reliable outlook of the global progressive lens market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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