Optical Lens Edger Market Growth Analysis till 2031

Optical Lens Edger Market Outlook 2031

The global optical lens edger market was valued at US$ 411.4 Mn in 2021

The global market is projected to grow at a CAGR of 7.00% from 2022 to 2031

The global optical lens edger market is anticipated to reach more than US$ 812.8 Mn by 2031

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Optical Lens Edger Market Introduction

Optical edger is a part of optical manufacturing equipment that edges, cuts, or grinds optical lenses so that they can fit into the selected frame. Different types of edging mode are automated beveling, controlled beveling, EX lens edging, rimless edging, automated grooving, and controlled grooving. Lens materials used for edging are plastic, glass, high-index plastic, acrylic resin, and polycarbonate. Currently, edging systems are available in an all-in-one type, which includes edging, blocking, drilling, grooving, and tracing in a single unit. The global optical lens edger market forecast appears promising due to the rise in demand for optical lens edger in ophthalmology and camera industries.

Around 1.3 billion individuals across the world live with some type of vision impairment. With respect to distance vision, 188.5 million individuals have gentle vision impairment, 217 million have moderate to serious vision disability, and 36 million individuals are blind. Around 826 million individuals live with a close vision disability. Overall, the primary causes of vision debilitation are uncorrected refractive mistakes and waterfalls. Around 80% of all vision hindrance internationally is viewed as avoidable.

COVID-19 Impact on Global Optical Lens Edger Market

The COVID-19 pandemic has had a negative effect on the global optical lens edger market. Governments of affected countries deferred non-essential surgeries and patient visits during the breakout year of the COVID-19. This led to a substantial decline in overall non-emergency treatments, which in turn restricted the usage of optical lens edger in vision impairment. Several manufacturing plants came to a grinding halt and consumer spending declined considerably during COVID-19 induced lockdowns. This also hampered the prospects of the optical lens market. Key players reported decline in revenue during the pandemic. Nevertheless, over the past few months, economic activities have started to pick up pace in several parts of the world, paving the way for new growth momentum in the optical lens market.

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Technologically advanced equipment has grabbed the attention of end-use industries, especially among in-office lens finishing labs.

Convenience and Affordability Driving Semi-automatic Lens Edger Segment

In terms of type, the semi-automatic lens edger segment accounted for significant global optical lens edger market share in 2021. Semi auto lens edger machine is more affordable than automatic optical lens edger. It is also more effective in terms of precision cutting than manual lens edger. Therefore, convenience and affordability make semi auto lens edger machine more preferable in standalone eyeglass shops, which form the largest user base for lens edgers. However, improvement in pricing scenario is expected to lead to a rise in demand for automatic lens edger devices. Furthermore, the automatic lens edger segment is expected to grow at a rapid pace during the forecast period. This can be ascribed to the advent of technology and availability of automatic lens edger with better precision.

Usage as First-line Treatment for Vision Disorders Propelling Eyeglass Lens Segment

Based on application, the eyeglass lens segment accounted for major share of the global market in 2021. The trend is projected to continue during the forecast period. The eyeglass lens segment is anticipated to grow at a rapid pace during the forecast period. Eyeglass lens edgers are used significantly in the processing of eyeglasses. In terms of volume, eyeglasses are the most common ophthalmic products used globally, and is also the first line of treatment for vision disorders. Specialty sunglasses and eyeglasses can be used by people of different ages, making them suitable for everyone. The camera lens market is likely to grow at a rapid pace during the forecast period, as the image sector expands at consumer and industrial levels. Professionals and amateurs are using digital cameras more frequently considering the rise in importance of capturing and sharing images across several fields.

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Regional Outlook of Global Optical Lens Edger Market

North America is projected to dominate the global optical lens edger market in the next few years. The market in the region is expected to grow at a moderate pace during the forecast period. The U.S accounted for major share of the market in North America in 2021. The country is expected to dominate the market in the region during the forecast period, owing to the presence of a large eyeglass consumer base. The market in Canada is likely to grow at a rapid pace in the next few years.

Germany constituted prominent share of the optical lens edger market in Europe in 2021. High eyeglasses consumer base is driving the market in the country. The market in the U.K. is expected to grow at a rapid pace in the near future, as the market in Germany and France is relatively saturated. Together, Spain and Italy are projected to account for one fifth of the lens edger market in Europe during the forecast period. The market in these countries is driven by the high adoption of eyeglasses among customers.

China dominated the lens edger market in Asia Pacific in 2021. Production of lens edgers in the country is high. Chinese lens edgers are the cheapest lens edgers available in the market. Thus, the market in China is primarily driven by the availability of low-cost lens edgers. Prominent market players in China include Ningbo FLO Optical Co and Nanjing Laite Optical Co. Ltd. The market in India is expected to grow at a rapid pace during the forecast period, owing to high demand for optical lens edgers in contact lens and camera industries in the country.

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GCC countries is a leading sub-region of the lens edger market in Middle East & Africa. The sub-region is likely to dominate the market in Middle East & Africa during the forecast period. The market in South Africa is expected to be driven by favorable political environment, which is enabling the setting up of more factories and resulting in higher sales of lens edgers. Brazil accounted for significant share of the lens edger market in South America in 2021. The trend is expected to continue during the forecast period. The market in Brazil is likely to be driven by the increase in usage of eyeglasses among the population. Rest of South America constituted a small share of the market in Middle East & Africa in 2021. The market in the sub-region is expected to grow at a sluggish pace in the next few years.

Analysis of Key Players in Global Optical Lens Edger Market

The report includes vital information about the leading players in the global optical lens edger market. A small number of companies hold the majority share of the global optical lens edger market. Several players are focusing on strategies such as new product launches, divestiture, mergers & acquisitions, and partnerships to strengthen their position in the market. Essilor International S.A., Topcon Corporation, NIDEK CO., LTD., INNOVA Medical Ophthalmics, Inc., Coburn Technologies Inc., Huvitz Corp., Mei Srl, Santinelli International, and Shanghai Supore Instruments Co. Ltd. are the prominent players operating in the global market.

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