Spectacle Lens Market 2020-2025 Demand Analysis Lead By: Carl Zeiss Meditec AG, Essilor International SA, Hoya Vision Care Company

Global Spectacle Lens Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The growth of the global spectacle lens market is due to the increasing geriatric population and rising prevalence of optical disorders. Globally, the percentathege of elderly population increased from 5.6% to 8.6% between 1961 and 2011. According to the US Census Bureaus Statistics, among 7.3 billion people in the world, in 2015 an estimated 8.5 %, or 617.1 million, were aged 65 years and older.

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Market By Top Companies:

Carl Zeiss Meditec AG, Essilor International SA, Hoya Vision Care Company, Vision Ease, Seiko Optical Products Co. Ltd, Rodenstock GmbH, GKB Ophthalmics Ltd

Market Overview

According to the WHO, currently, people have high life expectancy. By 2050, the worlds population aged 60 years and above is expected to reach a total of 2 billion. As of 2018, 125 million people are aged 80 years or older. As per the same source, by 2050, it is estimated that almost 120 million people will be living in China alone. The increase in the number of cases of ocular conditions, such as cataract and diabetic retinopathy, across the world, is assisting the market growth. According to the National Eye Institute, the United States recorded 7.7 million diabetic retinopathy cases and 24 million cataract cases, which are expected to reach 11.3 million and 38 million, respectively, by 2030. Hence, these factors are expected to propell the market growth over the forecast period.

This report includes an in-depth study of the global spectacle lens market (henceforth, referred to as the market studied). As per the scope of the report, the spectacle lens is the corrective lens, which is used to correct eye problems and improve vision. Common indications of the use of spectacle lens include myopia, astigmatism, presbyopia, and hypermetropia.

Industry Research Coverage

Prescription Glass Segment is Expected to Exhibit Fastest Growth Rate over the Forecast Period

Prescription glasses refer to spectacles whose lenses have been made specifically to match the wearer's defects of vision. According to a report published by the Vision Council of America, in 2015, 76.2% of American adults used vision correction. The report also states that 159.2 million people in the United States used prescription eyeglasses as a means of vision correction. In addition, on the basis of gender, 61.2% men in the United States used eyeglasses whereas 67.3% of women used prescription glasses (2015).

The price of prescription glasses generally ranges between USD 5-USD 30. It depends upon various factors, such as frame type, frame size, gender, material, weight, and prescription-type (single vision, bifocal, etc.). Some of the brands for prescription glasses include Vincent Chase, John Jacobs, Ray-Ban, Tom Ford, Persol, Calvin Klein, etc., which hold a major share of the prescription glass market.

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Key Developments in the Spectacle Lens Market

The spectacle lens market is highly competitive and consists of several major players. In terms of market share, few of these major players currently dominate the market. The presence of major market players, such as Carl Zeiss Meditec AG, Essilor International SA, Hoya Vision Care Company, Vision Ease, and Seiko Optical Products Co. Ltd is, in turn, increasing the overall competitive rivalry of the market. The product advancements and improvement in the spectacle lens market by the major players is increasing the competitive rivalry.

Major points covered in this research are:-

-Spectacle Lens Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

-Global Market Size (Value) of Spectacle Lens (2020-2025)

-Global Spectacle Lens Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

-Global Spectacle Lens Production, Revenue (Value), Price Trend by Type

-Global Spectacle Lens Market Analysis by Application

-Global Spectacle Lens Manufacturers Profiles/Analysis

-Spectacle Lens Manufacturing Cost Analysis

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Global Spectacle Lens Market Forecast (2020-2025)

-Competitive Landscape

-Research Findings and Conclusion

Finally, this Spectacle Lens report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Spectacle Lens product development and gives an outline of the potential Global market.

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This release was published on openPR.