Press release
Spectacle Lens Market 2024 - By Industry Size, Future Trends, Key Insights, Business Strategies And Outlook By 2033
Spectacle Lens Market
According to The Business Research Company's, The spectacle lens market size has grown strongly in recent years. It will grow from $50.78 billion in 2023 to $53.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to regulatory changes, consumer preferences, disposable income levels, prevalence of eye conditions and, consumer awareness and education.
The spectacle lens market size is expected to see strong growth in the next few years. It will grow to $67.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to shift towards environmentally friendly materials, expansion of healthcare coverage, rise in myopia rates among younger demographics, fashion trends influencing the popularity of lens coatings and tint and, aging population driving demand for multifocal and progressive lenses. Major trends in the forecast period include photochromic and adaptive lenses, smart lens technology, advanced lens materials, customization and personalization and, digital eye strain solutions.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/spectacle-lens-global-market-report
Market Drivers and Trends:
The increasing prevalence of ophthalmic disorders is expected to propel the growth of the spectacle lens market going forward. Ophthalmic disorders refer to conditions affecting the eyes, ranging from common issues such as refractive errors to more severe ailments such as glaucoma and macular degeneration. Ophthalmic disorders are 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. Spectacle lenses aid in correcting ophthalmic disorders such as myopia, hyperopia, astigmatism, and presbyopia by refracting light to focus correctly on the retina, improving vision clarity, and reducing strain. For instance, in November 2022, according to the Centers for Disease Control and Prevention, a US-based government administration for public health, over 3 million Americans were suffering from glaucoma (eye conditions that can damage the optic nerve), and it is expected to increase to 6.3 million by 2050. Furthermore, in 2021, according to the International Agency for the Prevention of Blindness, a UK-based international alliance promoting eye health, the number of people with vision loss is expected to increase by 55% from 1,106 million in 2020 to 1,758 million by 2050. Therefore, the increasing prevalence of ophthalmic disorders is driving the growth of the spectacle lens market.
Major companies operating in the spectacle lens market are developing dual-function lenses to enhance vision and protect against blue light, glare, and UV radiation. Dual-function lenses refer to optical devices capable of performing two distinct functions. For instance, in April 2023, Hoya Vision Care, a Japan-based manufacturer of ophthalmic products, launched MiyoSmart Sun Spectacles. These lenses have been specially designed with patented defocus incorporating multiple segments (DIMS) technology to address myopia progression in children. In addition to correcting vision, these glasses shield against harmful UV rays, making them perfect for outdoor pursuits. They're a dependable option for visual comfort and children's overall eye health.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15674&type=smp
Major Key Players of the Market:
Johnson and Johnson, EssilorLuxottica SA, Bausch Health Companies Inc., Hoya Corporation, Cooper Companies Inc., Carl Zeiss AG, KODAK Lens, Rodenstock GmbH, Warby Parker Inc., Norville Group Ltd, Vision Rx Lab Pvt. Ltd., ABB Optical Group, Walman Optical, Younger Optics, Vision-Ease Lens Ltd, Mingyue Optical Lens Co Ltd, ClearVision Optical, X-Cel Optical Company, Jiangsu Hongchen Optical Co Ltd, Paragon Vision Sciences, Visioneering Technologies Inc., Tokai Optical Co. Ltd., Kbco Lens Ltd, Sola Optical
Spectacle Lens Market 2024 Key Insights:
• The spectacle lens market size is expected to see strong growth in the next few years. It will grow to $67.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Rising Ophthalmic Disorders Propel Spectacle Lens Market Growth
• Innovative Dual-Function Lenses Revolutionize The Spectacle Market
• North America was the largest region in the spectacle lens market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15674&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Spectacle Lens Market 2024 - By Industry Size, Future Trends, Key Insights, Business Strategies And Outlook By 2033 here
News-ID: 3706026 • Views: …
More Releases from The Business research company
Unlocking Opportunities in the Tyrosine Kinase Inhibitors Market: 2025-2034 Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Tyrosine Kinase Inhibitors Industry Market Size Be by 2025?
The market for tyrosine kinase inhibitors has seen robust growth in recent times. The market is predicted to expand from $58.03 billion in 2024 to $62.66 billion in 2025, marking a compound annual growth rate (CAGR) of…
Sustained Release Excipients Market Advances With Product Innovation Industry Tr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Sustained Release Excipients Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of sustained release excipients has seen significant growth. It's projected to increase from $1.4 billion in 2024 to $1.51 billion in 2025, exhibiting a Compound Annual Growth Rate…
Surge In Cancer Cases Fuels Expansion Of The RNA-Targeting Small Molecule Therap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the RNA Targeting Small Molecules Therapeutics Market Size By 2025?
In recent years, the market size of RNA targeting small molecules therapeutics has witnessed substantial growth. The market, which is estimated to be worth $6.1 billion in 2024, is projected to increase to $7.83 billion in…
Surge In Autoimmune Diseases Fuels Remicade Biosimilar Market Growth Emerges as …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Remicade Biosimilar Market Through 2025?
In recent times, we've seen significant expansion in the remicade biosimilar market. Projected growth from 2024's $3.95 billion to $4.89 billion in 2025 indicates a compound annual growth rate (CAGR) of 23.8%. This rise during the historic…
More Releases for Lens
Lens Market
The "Lens Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Lens Market, 2024-2031
Verified Market Research's most recent report, "Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination of the industry…
Infrared Lens (IR Lens) Market Size 2024 to 2031.
Market Overview and Report Coverage
An Infrared Lens (IR Lens) is a type of lens designed specifically for infrared imaging applications, allowing infrared radiation to pass through while blocking visible light. These lenses are commonly used in various industries such as automotive, military and defense, surveillance, and healthcare.
The current outlook for the Infrared Lens (IR Lens) Market is positive, with a growing demand for IR lenses in the expanding…
Global Lens Cleaner Market, Global Lens Cleaner Industry, Covid-19 Impact Global …
Lens cleaner is used to disinfect eyeglass lenses, contact lenses, and digital camera lenses. It plays a significant role in improving the hygiene & safety of the contact lenses. It is highly preferred for spectacle & contact lens cleaning. On the other hand, wipes and tissues for cleaning digital cameras are most preferred. The wipes are available in wet or dry form depending on the needs of the end user.…
Global Lens Cloth Market, Global Lens Cloth Industry, Covid-19 Impact Global Len …
Lens cloth is special type of cleaning cloth, which is generally made from different fabrics. This type of cloth can be micro-fiber cloth or wet wipes that depend on the lens to be cleaned. It helps remove dirt and grease particles that stick to the lens in daily use. Cleaning the lens helps to preserve the life of expensive lenses and prevents scratches on the lens surface. Microfiber lens cloths…
Infrared Lens (IR Lens) Market: Competitive Dynamics & Global Outlook 2026
Market Research Report Store offers a latest published report on Infrared Lens (IR Lens) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
This intelligence Infrared Lens (IR Lens) Market report by Market Research Report Store includes investigations based on the current scenarios, historical records, and future predictions. An accurate data of various aspects such as type, size, application, and end…
Soft Contact Lens Market | Daily Wear Contacts Lens, Extended Wear Contacts Lens …
Soft contact lens are used to correct the vision of the eye. These lenses are made of soft water absorbing flexible and translucent polymers (hydrogels) and a high amount of plasticizer. These are more flexible than the hard contact lens and can be easily molded into the desired shapes. Soft contact lens fit easily to the eyeball compared to a rigid gas-permeable lens and provides comfort. Most contact lens patients…
