Global Photochromic Lenses Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Photochromic Lenses market.

Photochromic lenses are lenses that change their color when exposed to sunlight. These lenses were invented to improve ocular health of patients as they block excess UV rays when exposed to sun but function as a normal spectacle while indoors. UV light activates the lens technology to transform the lenses from clear to dark, and a range of tint in-between. The lenses are fully clear indoors and at night, and when UV activated block 100% of UVA and UVB rays.

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Global Photochromic Lenses Market: Forecast by Type / Application / Region

The photochromic lenses industry is high concentration, the key brand in USA include Essilor (Transitions Optical), Carl Zeiss, Vision Ease, Rodenstoc, Corning, Hoya Vision,etc. Essilor (Transitions Optical) possesses monopoly power in the relevant market. Transitions’ share of the relevant market has been at least 80 percent during each of the past five years. In 2016, Transitions’ market share was over 83 percent.

Significant and lasting barriers make entry into the photochromic lenses market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv)regulatory requirement; and (v) Transitions’ unfair methods of competition.

There are no close substitutes for photochromic lenses, and no other product significantly constrains the prices of photochromic lenses. Photochromic lenses have characteristics and uses distinct from those of clear corrective ophthalmic lenses, polarized lenses (which are designed to remove glare), or fixed-tint lenses (e.g., prescription sunglasses).

Over the next five years, LPI(LP Information) projects that Photochromic Lenses will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

Global Photochromic Lenses Market: Key Players
Essilor (Transitions Optical)
Carl Zeiss
Vision Ease
Rodenstoc
Corning
Hoya Vision

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Related Information:
United States Photochromic Lenses Market Research Report 2018
Europe Photochromic Lenses Market Research Report 2018
North America Photochromic Lenses Market Research Report 2018
Asia-Pacific Photochromic Lenses Market Research Report 2018
China Photochromic Lenses Market Research Report 2018
EMEA Photochromic Lenses Market Research Report 2018
Global Photochromic Lenses Market Research Report 2018

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