Eyeglass Lenses Market Size to reach USD 71.55 Billion in 2032-Emergen Research

The global eyeglass lenses market size was USD 43.15 Billion in 2022 and is expected to register a steady revenue CAGR of 5.2% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of ocular diseases, including conditions, such as refractive errors, age-related macular degeneration, cataracts, diabetic retinopathy, glaucoma, amblyopia, strabismus, and others, is a key factor driving market revenue growth.

According to the World Health Organization (WHO), about 2.2 billion people across the world are affected by either near- or distance vision impairments. Among these cases, approximately 1 billion involve vision issues that might have been preventable or remain unaddressed. Recent data on eye health, as compiled by the International Agency for Prevention of Blindness, indicates that there are 295 million individuals with moderate-to-severe visual impairments, and 43 million people are classified as blind on a global scale.

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In addition, companies are actively integrating advanced technologies, such as photochromic and polarized lenses, to enhance the functionality of sports eyewear. For example, on 7 June, 2022, SunGod introduced its latest sunglasses model, the Tempests. These sunglasses showcase a durable and versatile design combined with state-of-the-art lenses, creating an ideal fusion of performance-oriented and lifestyle eyewear. These glasses are meticulously designed to enable users to seamlessly transition between leisure and active activities.

However, lack of awareness among individuals regarding initial signs of visual impairment and imbalance between visually impaired individuals and number of ophthalmologists available are key factors, which could restrain market revenue growth.

Some Key Highlights from the Report
• The myopia segment is expected to account for largest revenue share in the global eyeglass lenses market over the forecast period. This is due to increasing screen time, reduced exposure to natural outdoor light, genetic or hereditary factors, and extended engagement in close-up activities such as reading, studying, or using electronic devices.
• The Asia Pacific market accounted for largest revenue share in the global eyeglass lenses market in 2022. This is due to rising prevalence of myopia, especially among children and implementation of various government programs to raise awareness about eye health and importance of regular eye check-ups. In addition, integration of advanced technologies into eyeglass lenses with specialized protective coatings for various industrial environments is also expected to drive market revenue growth of this region during the forecast period.

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Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective eyeglass lenses.
Some major players included in the global eyeglass lenses market report are:
• Essilor
• Hoya
• Rodenstock GmbH
• Seiko Optical Products Co., Ltd.
• Vision Ease
• Nikon Optical USA
• Privé Revaux
• Vision Rx Lab
• ZEISS Group
• Rudy Project

Strategic Development
• On 17 March 2022, EssilorLuxottica and CooperCompanies have confirmed the completion of their joint venture agreement concerning SightGlass Vision. This partnership aims to expedite the introduction of innovative spectacle lens technologies to enhance the myopia management sector. SightGlass Vision's Diffusion Optics Technology involves the integration of numerous micro-dots into the lens, gently diffusing light to diminish contrast on the retina. This innovative approach is intended to mitigate the advancement of myopia in children.

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Eyeglass Lenses Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global eyeglass lenses market on the basis of type, prescription type, lens material, lens coating, price range, distribution channel, and region:

• Eyeglass Lenses Market Product Type Insights: (Revenue, USD Billion; 2019-2032)
o Single-Vision
o Bifocal
o Trifocal
o Progressive
o Others

• Eyeglass Lenses Market Prescription Type Insights: (Revenue, USD Billion; 2019-2032)
o Myopia
o Hyperopia
o Astigmatism
o Presbyopia
o Others

• Eyeglass Lenses Market Lens Material Insights: (Revenue, USD Billion; 2019-2032)
o Glass
o Plastic CR 39
o Polycarbonate
o Trivex
o Others

• Eyeglass Lenses Market Lens Coating Insights: (Revenue, USD Billion; 2019-2032)
o Anti-Reflective Coating
o Ultraviolet (UV) Protection Coating
o Blue light blocking Coating
o Hydrophobic Coating
o Oleophobic Coating
o Scratch-Resistant Coating
o Others

• Eyeglass Lenses Market Price Range Insights: (Revenue, USD Billion; 2019-2032)
o Premium or High End Lenses
o Mid-Range Lenses
o Budget-Friendly Lenses

• Eyeglass Lenses Market Distribution Channel Insights: (Revenue, USD Billion; 2019-2032)
o Eyecare Professionals (Optometrists and Ophthalmologists)
o Wholesalers and Distributors
o Online Retail
o Retail Stores
1. Optical Stores
2. Department Stores
3. Specialty Stores
4. Others
o Others

• Eyeglass Lenses Market Regional Insights: (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
o Rest of APAC
1. Latin America
2. Brazil
3. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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