China's Photochromic Lenses Market to Shine Bright with 9.25% CAGR Growth by 2026

Infinium Global Research has added a new report on China Photochromic Lenses Market. The report covers the analysis of regional markets of China. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The China photochromic lenses market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in China market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The China photochromic lenses market was valued at USD 657.3 Million in 2022 and is expected to reach USD 1,424.7 Million by 2030 and grow at a CAGR of 11.68% over the forecast period.

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Demographic Shift and Aging Population: One of the primary factors contributing to the market's growth is China's rapidly aging population. The Ministry of Civil Affairs of China predicts that the senior population in the country will reach 300 million in the next five years, marking a significant demographic shift toward an aging society. This aging population faces increased eyesight problems, leading to a surge in the use of photochromic lenses, especially among individuals aged 44 to 62, who seek technology-driven solutions to improve their vision and quality of life.

Advancements in Technology and Increased Retail Presence: The market benefits from continuous technological advancements, increased retail outlets, and a focus on comfort and style, which collectively enhance the appeal of photochromic lenses. The lenses are designed to darken automatically when exposed to sunlight, reducing eye strain and blocking up to 100% of UVA/UVB light, thus decreasing the potential risk of cataracts.

Eye Health Awareness: The alarming rates of vision impairment in China, as highlighted in a recent report by the World Health Organization (WHO), have driven awareness of the importance of proper eye protection. Conditions such as pterygium, dry eye syndrome, and nearsightedness affect a significant portion of the Chinese population, making the purchase of photochromic lenses essential. These lenses offer an effective solution, adjusting to varying light conditions and safeguarding against UV exposure.

Market Segmentation: The China photochromic lenses market is segmented by technology, material, and distribution channel. In terms of technology, Imbibing and Trans Bonding represent the leading segment. Plastic material is projected to dominate the market, followed by polycarbonate. Among distribution channels, optical chains are anticipated to maintain their market dominance.

Key Market Players: Leading companies in the China photochromic lenses market include Essilor Group, The Zhenjiang Kingway Optical Company, Jiangsu Maat Optical Technology Co., Ltd., Carl Zeiss Meditec AG, and Corning Incorporated. These key players are actively focusing on gaining larger market shares through continuous product innovation and investments in R&D activities.

Drawbacks: Despite the growing popularity of photochromic lenses, certain drawbacks hinder the market's growth. These lenses may not be suitable for driving, as they darken when exposed to sunlight, potentially obstructing windshields. Weather conditions, particularly in colder months, can affect their performance. Some photochromic lenses may not be polarized, leading to harsh glares from sunlight.

Opportunities in Eye Health: As China continues to experience a growing burden of vision loss due to an aging population and increasing myopia rates, there are ample opportunities for market players to contribute to eye health solutions. Glaucoma and cataracts are becoming increasingly prevalent, making photochromic lenses a crucial part of vision protection.

The China photochromic lenses market is poised for substantial growth in the coming years, driven by a combination of demographic changes, technological advancements, and increased awareness of eye health. As the market continues to evolve, it presents an exciting opportunity for both established companies and newcomers to offer innovative solutions that meet the growing demand for eye care in China.

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Table of Content

Chapter 1 Introduction

1.1 Report Description

1.1.1 Segmentation and Research Scope

1.1.2 Definition, Abbreviations, and Assumptions

1.2 Research Methodology

1.2.1 Methodology

1.2.2 Research Methodology: An Outline

1.3 Research Approaches

Chapter 2 Executive Summary

2.1 China Photochromic Lenses Market Highlights, (USD Million)

2.2 China Photochromic Lenses Market Projection

Chapter 3 Market Overview & Competitiveness

3.1 DRO Analysis

3.1.1 Drivers

3.1.1.1 The growing consciousness among Chinese consumer about the importance of photochromic lenses

3.1.1.2 The rise in demand for photochromic lenses among the older population along with growth in the aging population.

3.1.2 Restraint

3.1.2.1 Drawbacks associated with the use of photochromic lenses hampering the photochromic lenses market

3.1.3 Opportunity

3.1.3.1 Rising cases of eye ailments are expected to provide opportunities to the market players.

3.2 Impact of the COVID 19 Pandemic on China Photochromic Lenses Market

3.3 PEST-Analysis for China Photochromic Lenses Market

3.4 Porter's Diamond Model for China Photochromic Lenses Market

3.5 IGR- Growth Matrix Analysis

Chapter 4 China Photochromic Lenses Market, By Technology

4.1 Introduction

4.1.1 Imbibing and Trans Bonding

4.1.2 In Mass

Chapter 5 China Photochromic Lenses Market, By Material

5.1 Introduction

5.1.1 Glass

5.1.2 Polycarbonate

5.1.3 Plastic

Chapter 6 China Photochromic Lenses Market, By Distribution Channel

6.1 Introduction

6.1.1 Online

6.1.2 Optical Chains

6.1.3 Independent Eye Care Professionals (ECPs)

Chapter 7 Company Profiling

7.1 Competitive Landscape in Photochromic Lenses Market

7.1.1 Competitive Landscape

7.2 Company Profiles

7.2.1 Essilor Group

7.2.1.1 Overview

7.2.1.2 Company Snapshot

7.2.1.3 Product Portfolio

7.2.2 The Zhenjiang Kingway Optical Company

7.2.2.1 Overview

7.2.2.2 Company Snapshot

7.2.2.3 Product Portfolio

7.2.3 Carl Zeiss AG

7.2.3.1 Overview

7.2.3.2 Company Snapshot

7.2.3.3 Product Portfolio

7.2.4 Corning Incorporated

7.2.4.1 Overview

7.2.4.2 Company Overview

7.2.4.3 Product Portfolio

7.2.5 Jiangsu Maat Optical Technology Co., Ltd

7.2.5.1 Overview

7.2.5.2 Company Snapshot

7.2.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of China Photochromic Lenses.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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