Ophthalmic Spectacle Lenses and Equipment Market is projected to reach USD 103.86 billion by 2034, growing at a CAGR of 6.1% during the forecast period

As per the report, the global ophthalmic spectacle lenses and equipment market is expected to reach USD 103.86 billion by 2034, growing from USD 57.89 billion in 2024. The market is projected to register a CAGR of 6.1% from 2025 to 2034.

Market Overview
The human eye is an intricate structure of several small constituents, each accountable for the ideal vision known as 20/20 or 6/6 vision. However, there are several refractive conditions that cause a disparity in the vision for which exterior rectification is needed. Single vision lenses can have Plano plus (Hyperopia), Plano minus (Myopia), or cylindrical power or single power rectification.

Multi-vision lenses are special lenses that are utilized to rectify both near and distant vision. People crossing the age of 40 commence to lose their capacity to observe near objects, a condition known as Presbyopia. Aspheric lenses are a pre-empt of traditional spherical lenses. It is a simple positive or negative meniscus design with a thickness more than normal. Therefore, the amplification or decreased impact is seen in the eye.

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Top Market Players
The market has the presence of both established players and new entrants. Market leaders are enumerated as follows:
• EssilorLuxottica
• GKB Ophthalmics Ltd
• Hoya Corporation
• Nikon Corporation
• Optical Dynamics Corporation
• Rodenstock GmbH
• Seiko Optical Co., Ltd.
• TOKAI OPTICAL Co., Ltd.
• Vision Service Plan (VSP) Global
• Zeiss Vision Care

Ophthalmic Spectacle Lenses and Equipment Market Report Highlights
• Based on type, the ophthalmic spectacle lenses segment dominated the ophthalmic spectacle lenses and equipment market share in 2024 due to the rising prevalence of vision impairments across the world. According to the World Health Organization (WHO), at least 2.2 billion people have vision impairment, with 1 billion cases being preventable or unaddressed. This highlights the urgent need for corrective solutions, particularly in underserved regions where access to surgical treatments or advanced eye care is limited. An aging global population further contributes to this demand as vision loss disproportionately affects people over the age of 50.

• North America dominated the ophthalmic spectacle lenses and equipment market revenue share in 2024. The region has a high prevalence of vision-related disorders, such as myopia, presbyopia, and cataracts, driven by an aging population and increased screen time. For example, the US Census Bureau projects that by 2030, 20% of the US population will be aged 65 or above, significantly boosting the demand for vision correction solutions.

• The market in Asia Pacific is expected to register the highest CAGR in the coming years owing to advancements in optical technology and a growing aging population. The expanding consumer base further drives the market demand.

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Market Drivers
Growing Usage of Smartphones
The growing usage of smartphones and display gadgets, together with surging screen time, causes digital eye stress or computer vision syndrome (CVS). To handle such conditions, there is a growing demand for inventive ophthalmic solutions involving curative lenses such as blue-light-blocking lenses and anti-reflective coatings. The younger population massively dependent on smartphones encounters rising myopia cases, thus requiring high-index lenses, progressive lenses, and myopia control solutions, propelling the ophthalmic spectacle lenses and equipment market forward.

Rising Aging Population
The rising maturing population globally is pushing the market growth. As per the United Nations, the aggregate of people aged 65 and above is anticipated to double from 761 million in 2021 to 1.6 billion by 2050. Aging causes vision provocations such as presbyopia and age-related macular degeneration (AMD).

Segmental Division
Ophthalmic Spectacle Lenses and Equipment Market Assessment by Product
5.1 Introduction
5.2 Ophthalmic Spectacle Lenses
5.3 Ophthalmic Spectacle Equipment

Ophthalmic Spectacle Lenses Market Assessment by Lens Types
6.1 Introduction
6.2 Single-Vision Lens
6.3 Multifocal Lenses
6.3.1 Progressive Lenses
6.3.2 Bifocal Lenses
6.3.3 Trifocal Lenses
6.4 Others

Ophthalmic Spectacle Lenses Market Assessment by Lens Materials
7.1 Introduction
7.2 Plastic
7.2.1 Polycarbonate
7.2.2 CR-39 Plastic
7.2.3 Others
7.3 Glass

Ophthalmic Spectacle Lenses Market Assessment by Usage
8.1 Introduction
8.2 Prescription Spectacle Lenses
8.3 Non-prescription Spectacle Lenses

Ophthalmic Spectacle Equipment Market Assessment by Equipment
9.1 Introduction
9.2 Lens Fabrication Equipment
9.2.1 Lens Generators
9.2.2 Edging Machines
9.2.3 Others
9.3 Lens Coating Equipment
9.3.1 Anti-Reflective Coating Machines
9.3.2 Hard Coating Equipment
9.3.3 UV Coating Equipment
9.3.4 Others
9.4 Optical Measurement Equipment
9.4.1 Refractors & Autorefractors
9.4.2 Lensometer
9.4.3 Others
9.5 Others

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Regional Outlook
North America accounted for a large market share in 2024 owing to the growing demand for progressive vision rectification and growing consciousness of eye wellbeing.
Asia Pacific is projected to register a significant CAGR, driven by speedy urbanization and lifestyle alterations that have caused higher cases of myopia and other refractive fallacies, especially among younger populations.

• North America (US, Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of Middle East & Africa)

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