Spectacle Lenses Market 2022 Industry Development and Growth Forecast to 2027- Essilor, ZEISS, Rodenstock, Nikon

The report provides a strategic analysis of the Global Spectacle Lenses Market and the growth estimates for the forecast period 2022 to 2027. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities, and threats for key players. Also report focuses on Spectacle Lenses Market Trends, volume, and value at the global level, regional level, and company level.

The Spectacle Lenses Market is expected to register a CAGR of 8.6% over the forecast period 2022 – 2027.

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Top companies operating in the Global Spectacle Lenses market profiled in the report are: 

Essilor, ZEISS, Rodenstock, Nikon, Norville, Seiko Vision, Hoya Vision, MingYue, WanXin, HongChen

Industry News:

In July 2021, EssilorLuxottica founded a dedicated innovation center in France. This expansion will reinforce the company's expertise and expand its capabilities in smart eyewear technologies. This hub will coordinate between the R&D and industrialization sites, based in Toulouse and Créteil (France), and collaborate closely with the R&D teams present in Agordo (Italy).
In July 2021, EssilorLuxottica acquired HAL's 76.72% interest in GrandVision Company and launch a mandatory public offer for the remaining shares upon completion of the transaction.
In 2018, Privé Revaux, the affordable celebrity eyewear brand, has announced that it will expand its offerings to include prescription eyewear. Hence, all the aforementioned factors are expected to propel the growth of the spectacle lens market.

Market Segmentation by Types covers:

Glass Lenses
Polycarbonate Lenses
Trivex Lenses
Plastic Lenses

Market Segmentation by Applications covers:

Vision Correction
Beauty
Other

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Key Market Trends

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. The purpose of prescription glasses is to correct or improve the vision of people with nearsightedness ( myopia ), farsightedness (hyperopia), presbyopia, and astigmatism. As per World Health Organization (WHO), in 2020 approximately 2.6 billion people worldwide have myopia or nearsightedness. This number is projected to reach 3.3 billion by 2030. The rising incidences of refractive errors in consumers, due to myopia and presbyopia, are increasing the demand for spectacle lenses in the market

North America Captured the Largest Market Share and it is Expected to Retain its Dominance

North America is expected to dominate the market. The United States (US) and Canada have developed well-structured healthcare systems. As a result, these countries enjoy the presence of many global market players.
As per Vision Council of America, in 2018 there were around 194.1 million adult vision correction users in the United States, and around 164 million adults in the United States were using eyeglasses. Moreover, owing to the constant increase in the elderly population in the United States, as well as a shift toward vision correction usage among key demographics, an absolute increase in the usage rates for most types of eyewear has been observed in the country. A number of companies that are based in the country have been playing major roles in the spectacle lens market.

Regional Analysis for Spectacle Lenses Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Spectacle Lenses Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Major Points Covered in Table of Content:

Chapter 1: Spectacle Lenses Market Overview

Chapter 2: Analysis of Strategies of Leading Players of Spectacle Lenses Market

Chapter 3: Study on Key Market Trends

Chapter 4: Spectacle Lenses Market Forecasts

Chapter 5: Regional Growth Analysis of Spectacle Lenses Market

Chapter 6: Market Analysis

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Key Reasons to Purchase:

– To gain understanding analyses of the Spectacle Lenses Market and have a comprehensive understanding of the global market and its commercial landscape.

– To understand the most affecting driving and restraining forces in the market and their impact on the global market.

– To understand the future outlook and prospects for the Spectacle Lenses Market.

– To know the Key market trends across the business segments, Regions, and Countries.

– To analyze competitive growths such as new product launches, agreements, and share in the market.

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