Product Code: GVR-4-68038-763-6
Prescription Lens Market Growth & Trends:
The global prescription lens market size is expected to reach USD 65.5 billion by 2030, according to a new report by Grand View Research, Inc.. It is expected to grow at a CAGR of 5.1% from 2023 to 2030. Uncorrected refractive error cases are majorly contributing to the rapidly growing cases of visual impairment. Therefore, various organizations are focusing on increasing awareness regarding the conditions related to refractive errors and their corrective options. These organizations are also incorporating services to treat refractive errors. Initiatives taken to enhance vision care, identify cases at an early stage, and provide efficient lenses for treating different vision problems are expected to boost the market growth.
Myopia and astigmatism are the two refractive errors with the highest prevalence. Therefore, to provide better treatment for these refractive errors, market players are coming up with different types of prescription lenses with advanced coating options. Furthermore, to increase the reach of these advanced prescription lenses, companies are being developed to enhance the accessibility of vision tests through online platforms. These online vision tests will enhance the early diagnosis of refractive errors and hence are expected to impact the adoption of prescription lenses.
Prescription lenses are available with various coating options to provide patients with enhanced vision in a different environment. Anti-reflective coating prescription lenses are widely preferred due to their advantage of eliminating reflection and reducing contrast. UV coating prescription lenses are witnessing growth mainly due to their growing demand to avoid penetration of harmful UV radiations. These UV radiations later can result in various eye-related disorders, thus increasing the demand for UV-coated prescription lenses.
Market players are focusing on forming alliances to expand the reach of their products. For instance, in April 2022, Carl Zeiss launched the ZEISS Supreme Prime 15, which is a wide-angle lens added to the successful family of supreme prime lenses. Similarly, non-profit organizations are initiating programs focusing on resolving visual impairment due to refractive errors.
Prescription Lens Market Report Highlights:
- The single vision type segment held the largest revenue share in 2022 mainly due to its effectiveness in enhancing peripheral vision. The progressive prescription lens is expected to grow at the fastest rate during the forecast period due to its effective functionality and youthful appearance. Workspace progressives are expected to grow at a significant rate due to the increasing number of working professionals and exposure to electronic display screens
- Based on application, myopia held the largest revenue share in 2022 due to the increasing prevalence of the disease. Presbyopia is expected to witness the fastest growth during the forecast period owing to the growing prevalence of the disease and the increasing need for prescription lenses for the same
- By coating, anti-reflective coating dominated the market in 2022 due to its advantage of providing a clear image by reducing reflections. The Ultraviolet (UV) treatment segment is expected to grow at the fastest rate over the forecast period owing to the growing need to avoid the development of UV-related eye disorders such as cataracts and macular degeneration
- Asia Pacific held the largest revenue share in 2022 and is expected to register the fastest growth rate during the forecast period largely due to the growing prevalence of myopia in China, Japan, Singapore, and Korea and the growing adoption of advanced prescription lenses in the region. North America held the second-largest revenue share in 2022 owing to the increasing product launches in the U.S. and enhanced distribution network for prescription lenses in the region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Type
- 1.1.2. Application
- 1.1.3. Coating
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Application outlook
- 2.2.3. Coating outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Prescription Lens Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Prescription Lens Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
Chapter 4. Prescription Lens: Type Estimates & Trend Analysis
- 4.1. Prescription Lens Market: Key Takeaways
- 4.2. Prescription Lens Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Single Vision
- 4.3.1. Single vision market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.2. Convex
- 4.3.2.1. Convex market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.3. Concave
- 4.3.3.1. Concave market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.4. Cylindrical
- 4.3.4.1. Cylindrical market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. Bifocal
- 4.4.1. Bifocal market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Trifocal
- 4.5.1. Trifocal market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Progressive
- 4.6.1. Progressive market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Workspace Progressives
- 4.7.1. Workspace progressives market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8. Others
- 4.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Prescription Lens: Application Estimates & Trend Analysis
- 5.1. Prescription Lens Market: Key Takeaways
- 5.2. Prescription Lens Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Myopia
- 5.3.1. Myopia market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Hyperopia/Hypermetropia
- 5.4.1. Hyperopia/Hypermetropia market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Astigmatism
- 5.5.1. Astigmatism market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.6. Presbyopia
- 5.6.1. Presbyopia market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Prescription Lens: Coating Estimates & Trend Analysis
- 6.1. Prescription Lens Market: Key Takeaways
- 6.2. Prescription Lens Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Anti-Reflective
- 6.3.1. Anti-reflective market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Scratch Resistant Coating
- 6.4.1. Scratch resistant coating market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.5. Anti-Fog Coating
- 6.5.1. Anti-fog coating market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.6. Ultraviolet Treatment
- 6.6.1. Ultraviolet treatment market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Prescription Lens Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Prescription Lens Market by Region: Key Takeaways
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.4. Italy
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.5. Spain
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.6. Sweden
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.7. Norway
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.8. Denmark
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.2. China
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.3. India
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.4. Australia
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.5. Thailand
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.6. South Korea
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.3. Argentina
- 7.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. South Africa
- 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.3. UAE
- 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.4. Kuwait
- 7.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Essilor
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. ZEISS Group
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. HOYA
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. VISION EASE
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. SEIKO OPTICAL PRODUCTS CO., LTD.
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Prive Revaux
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Vision Rx Lab
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives