Prescription Lens Market Report 2024: Growth, Trends, Analysis, Forecast 2033

The new report published by The Business Research Company, titled ""Prescription Lens Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the prescription lens market size has grown strongly in recent years. It will grow from $43.46 billion in 2023 to $46.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The prescription lens market size is expected to see strong growth in the next few years. It will grow to $58.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.

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Rising Ophthalmic Disorders Propel The Prescription Lens Market Growth
The increasing incidence of vision impairment is expected to propel the growth of the prescription lens market going forward. Vision impairment refers to conditions affecting the eyes, ranging from common issues such as partial vision loss and blindness to more serious ailments such as macular degeneration. Vision impairment is on the rise due to increased screen time, digital device usage, and aging populations, contributing to conditions such as digital eye strain, myopia, and age-related macular degeneration. Prescription lenses aid in correcting vision impairments such as myopia, hyperopia, astigmatism, and presbyopia by refracting light to focus properly on the retina, improving vision clarity, and reducing strain. For instance, in May 2023, according to a report published by the National Center for Biotechnology Information, a US-based international resource for scientific research, approximately 200 million individuals worldwide experienced age-related macular degeneration (AMD) in 2020. By 2040, it is projected that the number of people affected by the condition will increase to about 288 million. Therefore, the increasing incidence of vision impairment is driving the growth of the prescription lens market.

Innovative Solutions Revolutionize The Prescription Lens Market
Major companies operating in the prescription lens market are developing myopia management spectacle lenses to address the growing need for effective myopia control in children. Myopia management spectacle lenses are specialized glasses designed to slow the progression of myopia (nearsightedness) in children and young adults. For instance, in November 2023, Shamir Optical Industry, an Israel-based manufacturer of optical lenses for eyeglasses launched Shamir Optimee, a new myopia management spectacle lens designed to address the growing need for effective myopia management, especially in children. This innovative lens integrates Shamir Focusflow's next-generation defocus technology, providing a clear central vertical zone with the child's prescription, allowing for flexible eye movement during near-vision activities.

The prescription lens market covered in this report is segmented -
1) By Type: Single Vision, Bifocal, Trifocal, Progressive, Active, Other Types
2) By Coating: Anti-Reflective, Scratch Resistant Coating, Anti-Fog Coating, Ultraviolet Treatment
3) By Application: Myopia, Hyperopia Or Hypermetropia, Astigmatism, Presbyopia

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Major companies operating in the prescription lens market are Johnson And Johnson Inc., EssilorLuxottica S.A., Carl Zeiss AG, Seiko Optical Products Co. Ltd., Alcon, Hoya Corporation, Nikon Corporation, Bausch And Lomb Incorporated, The Cooper Companies, Safilo Group S.p.A, Marchon Eyewear Inc., Rodenstock GmbH, Menicon Co. Ltd., Warby Parker Inc., Norville Group Ltd, De Rigo Vision S.p.A., ABB Optical Group, Walman Optical, Oakley Inc., Younger Optics, Maui Jim Inc., Charmant Group Inc., Thom Browne Eyewear LLC, Vision Ease Corporation, Zenni Optical LLC

Contents of the report:
1. Executive Summary
2. Prescription Lens Market Report Structure
3. Prescription Lens Market Trends And Strategies
4. Prescription Lens Market - Macro Economic Scenario
5. Prescription Lens Market Size And Growth
…..
27. Prescription Lens Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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