The global eyeglass lenses market is to increase from US$ 49.3 billion in 2020 to US$ 59.0 billion by 2025 with a compound annual growth rate (CAGR) of 3.6% for the period 2020-2025. Rising incidences of eye disorders are the major driving factor that leads to higher demand for eyeglass lenses market all over the world. These lenses are usually used to improve or correct the eye vision of patients suffering from myopia (near-sightedness) and hyperopia (far-sightedness), presbyopia, and astigmatism. Therefore, with the increasing patient awareness towards eye health and vision correction solutions, the preference & demand for eyeglass lenses has been significantly growing over the last decades. For instance, the National Health Survey (NHS) estimated that nearly 28% of the total population in Australia was affected by long-sightedness in the year 2017-18, up from 24.5% of the total population from 2007-08. Similarly, the International Agency for the Prevention of Blindness anticipated that above 21 million individuals needed eye care services across Vietnam. Out of which over 3 million Vietnamese students are having eyesight problems, most of which is myopia, paving way for the market growth. Moreover, with the commoditization of the eyewear industry, several media and entertainment personalities are willing to adopt fashionable spectacles and eyeglass lenses, which also driving the market growth.
The research report on the global eyeglass lenses industry provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the eyeglass lenses market. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and understanding of the potential of the eyeglass lens market. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers and inhibitors.
The research report on the global eyeglass lenses industry provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the eyeglass lenses industry. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and understanding of the potential of the eyeglass lens markets. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers and inhibitors.
- Goals and objectives of the study
- Define key market trends, innovations, opportunities, and factors influencing the global eyeglass lenses market and its sub-segments.
- Identify and analyze primary industry categories and their respective frameworks for the eyeglass Lenses global market.
- Predict the total size of the eyeglass lenses market internationally and analyze it based on the various segments and regions.
- Classify primary players and assess the business environment based on recent developments and segment revenue.
- Define the trends, shortages, and outlook for the forecasting of current and future demand for the eyeglass lenses market.
Chapter 2, "Market Overview" provides an overview of the eyeglass lenses market. The chapter includes macro-economic factors, market determinants (includes market drivers, restraints, opportunities, and challenges), value chain analysis, technology/product roadmap, Porter 5 force model analysis, market growth opportunity analysis.
Chapter 3 "Segment Analysis" of the study deals with the different sub-segments of the market to calculate reliable market forecasts. The eyeglass lenses market was segmented based on type and distribution channel. The chapter provides an in-depth analysis of the market segments of the eyeglass lenses market, year-on-year growth projections that enable readers to identify potential market growth areas.
- Market Segmentation
- Based on the type, the eyeglass lenses market is segmenting into a single vision, bifocal, trifocal, and progressive.
- Based on the distribution channel, the eyeglass lenses market is segmented into online stores and offline stores.
Chapter 4, "Regional Analysis" includes an in-depth analysis of the eyeglass lenses market by regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the global eyeglass lens market in key countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers of the eyeglass lenses market report to explore the potential of the market in different geographies. For each year's growth projections and a global share of value, this section is a vital part of the report.
Chapter 5 "Competitive Analysis" of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Chapter 6 "Company Profile" of the report also covers key industry players working on the eyeglass lenses market. Some of the prominent competitors in the eyeglass lenses market are Sola HDV, Shamir Insight, Carl Zeiss Meditec AG, Essilor International SA, GKB Ophthalmics Ltd, Hoya Vision Care Company, Rodenstock GmbH, Seiko Optical Products Co. Ltd, Vision Ease, and Johnson & Johnson Vision Care Inc. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global eyeglass lenses market. It includes in-depth qualitative and quantitative analyses in the report that aligned with the goals and objectives of our customers. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the eyeglass lenses market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global eyeglass lenses market, its products, and market patterns.
