Progressive Lenses Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global progressive lenses market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028).  A progressive lens is an amazing piece of engineering that allows multiple vision corrections to be incorporated into a single lens without any clear distinction between the corrections themselves. The power in the lenses progressively changes from far too intermediate to the full reading power. These lenses are sometimes referred to as no-line bifocals or trifocals. Progressive lenses are ideal for patients who have presbyopia which is a vision condition marked by a decrease in the ability to focus sharply on nearby objects. As the age grows, the ability to see nearby objects and objects in the distance can decrease.

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Progressive lenses address separate visual needs in one lens usually with a distance viewing field built into the upper portion of the lens and a near vision field built into the lower portion. Progressive lenses are perfect for near-sightedness and far-sightedness. Such benefits of this lens are going to boost the growth of the global progressive lens market.  Additionally, people with myopia, hyperopia, and astigmatism other than presbyopia go for progressive lenses. These are further accelerating the growth of the market. However, there is a learning curve and some people never adjust to these lenses, which are expected to restrain the growth of the market.

Some major players in the market include Nikon Corp., Essilor International, and Zeiss International, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2022, Shamir Ltd. announced the launch of Glacier Expression, a premium anti-reflective coating, and an update to its Autograph Intelligence progressive lens at the Vision Expo. Additionally, in March 2021, KITS Eyecare announced that it will begin offering "ultra-thin" digital progressive lenses to customers on all its web properties.

Market Coverage                                                                      

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Nikon Corp., Essilor International, and Zeiss International, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Progressive Lenses Market Report by Segment

By Type

Plastic
Polycarbonate

By Application

Myopia
Hyperopia
Astigmatism
Others

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This release was published on openPR.