Shaping the Single Vision Lenses Market in 2025: Innovative Advances In Single Vision Lenses

How Big Is the Single Vision Lenses Market Expected to Be, and What Will Its Growth Rate Be?
In the last few years, the market size for single vision lenses has seen a consistent growth. It is projected to increase from a value of $7.03 billion in 2024 to $7.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.8%. The growth witnessed in the historical period can be ascribed to factors such as the development of innovative materials, the advent of digital lens designs and freeform technology, advancements in surgical procedures, ongoing research in the fields of optics and materials, as well as a rise in medical tourism specifically for vision correction surgeries.

It is anticipated that the market for single vision lenses will steadily increase in size in the ensuing years. A prediction of $8.75 billion has been made for the market value in 2029, with a compound annual growth rate (CAGR) of 4.4%. Factors influencing this expected growth in the forecast period include an expanding industrial sector that requires protective eyewear, greater consciousness about UV safety and blue light filtering, enhanced healthcare services and eyecare clinics, and the impactful globalization of manufacturing. Key trends for the forecast period include a heightened demand for lenses that correct presbyopia, an increased incidence of myopia, hyperopia, astigmatism, and presbyopia, the introduction of vision care initiatives, a rise in the use of telehealth services, and the endorsement of policies that advocate for vision care and insurance coverage for eyewear.

What Are the Primary Growth Drivers for the Single Vision Lenses Market?
The rise in cases of myopia is anticipated to spur the growth of the single vision lenses market. Myopia, also referred to as nearsightedness, is an eye defect causing distant objects to appear blurred, while close objects are seen clearly. Factors such as increased screen usage, extended work periods, and aging populations are contributing to the increased spread of myopia. Single vision lenses counteract myopia by directing light straight onto the retina, enhancing distant vision. As per BMJ Publishing Group, a UK-based health organization publisher, over 36% of the global child and adolescent population was affected by myopia in September 2024. This represents a substantial rise from previous decades, and estimates suggest that myopic individuals may surpass 740 million by 2050. Consequently, the rise in myopia cases is fuelling the expansion of the single vision lenses market.

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Who Are the Dominant Companies Influencing Single Vision Lenses Market Trends?
Major companies operating in the single vision lenses market are Essilor Luxottica, Hoya Corporation, Nikon Corporation, Carl Zeiss AG, Johnson & Johnson Vision, Rodenstock GmbH, Shamir Optical Industry Ltd., Norville, Leica Camera AG, Vision-Ease Lens, Younger Optics Asia Pacific Ltd., iCoat Company LLC, Seiko Optical Products Co. Ltd., GKB Optic Technologies Pvt. Ltd., Optiswiss AG, KODAK Lens, Augen Optics, Opticote Inc., Tokai Optical Co. Ltd., Shanghai Conant Optics Co. Ltd., Jiangsu Aogang Optical Glasses Co. Ltd., Central Optical Co. Ltd.

How Is the Single Vision Lenses Market Evolving?
Key players in the single vision lenses market, like HOYA Corporation, are shifting their focus towards the development and introduction of advanced products such as lenses offering 360° visual clarity. These lenses, with their all-round focus properties, greatly enhance accuracy of vision for a range of tasks and activities. They offer uninterrupted correction without altering peripheral vision, thus ensuring everyday comfort and clarity. To illustrate, in September 2022, HOYA Corporation from Japan expanded its free-form single-vision lens portfolio with the introduction of MySV single-vision lenses. These lenses, equipped with 360° Visual Comfort, ensure an all-round visual comfort by incorporating four crucial aspects into their design. Consequently, they instil greater confidence in wearers, regardless of the situation.

What Are the Different Segmentations in the Single Vision Lenses Market?
The single vision lenses market covered in this report is segmented -

1) By Type: Spherical, Aspherical, Freeform
2) By Material: Glass, Polycarbonate, Other Material Types
3) By Age Group: Less Than 18 Years, Greater Than Or Equal To 18 Years And Less Than 40 Years, Greater Than Or Equal To 40 Years
4) By Application: Hyperopia (Farsightedness), Myopia (Nearsightedness), Astigmatism, Presbyopia

Subsegments:
1) By Spherical: Standard Spherical Lenses, High-Index Spherical Lenses
2) By Aspherical: High-Index Aspherical Lenses, Polycarbonate Aspherical Lenses
3) By Freeform: Customized Freeform Lenses, Digital Freeform Lenses

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Which Region Is at the Forefront of the Single Vision Lenses Market?
North America was the largest region in the single vision lenses market in 2024. The regions covered in the single vision lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Single Vision Lenses Global Market Report?

- Market Size Analysis: Analyze the Single Vision Lenses Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Single Vision Lenses Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Single Vision Lenses Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Single Vision Lenses Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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