Emerging Trends to Drive Single Vision Lenses Market Growth at 4.4% CAGR Through 2029

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Single Vision Lenses Market Size Growth Forecast: What to Expect by 2025?
In recent times, we've seen a consistent increase in the market size of single vision lenses. It is projected to escalate from $7.03 billion in 2024 to $7.37 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. This positive trend in the historical period can be traced back to the emergence of advanced materials, the inception of digital lens blueprints and freeform technology, enhanced surgical procedures, relentless research in optics and materials, and a boost in medical tourism related to vision correction surgeries.

How Will the Single Vision Lenses Market Size Evolve and Grow by 2029?
The market size for single vision lenses is anticipated to undergo consistent expansion in the upcoming years, rising to $8.75 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The expansion predicted for the forecast period is tied to the development of industrial sectors that demand eye protection, the rising consciousness about UV protection and blue light screening, the enhancement of healthcare facilities and eye clinics, and the globalization of manufacturing. The forthcoming period is expected to see trends such as the growing demand for lenses correcting presbyopia, a rising incidence of vision issues like myopia, hyperopia, astigmatism, and presbyopia, the launch of vision care initiatives, the use of telehealth services, and the establishment of policies that encourage vision care as well as insurance coverage for glasses.

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What Drivers Are Propelling the Growth of Single Vision Lenses Market Forward?
The rise in the incidence of myopia is projected to fuel the growth of the single vision lenses market. Myopia, also known as nearsightedness, is an eye refractive error in which distant objects appear blurred while nearer objects come into clear focus. An increase in screen time, prolonged work, and rapidly aging populations are contributing to the surge in myopia prevalence. Single vision lenses treat myopia by directly focusing light onto the retina, enhancing vision over a distance. For instance, as per the UK-based BMJ Publishing Group, over 36% of children and adolescents globally were affected by myopia as of September 2024. This is a substantial increase compared to previous decades, and forecasts suggest that the number of people with myopia could surpass 740 million by 2050. Consequently, the growing incidence of myopia is propelling the expansion of the single vision lenses market.

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Which Emerging Trends Are Transforming the Single Vision Lenses Market in 2025?
Leading corporations in the single vision lenses market are concentrating on creating innovative products like lenses that provide a 360° visual perspective, in order to establish a competitive advantage. Single vision lenses that facilitate 360° visual acuity ensure all-round sharpness of vision, thereby improving precision for numerous activities and daily chores. They ensure uninterrupted correction without undermining peripheral vision, offering both comfort and distinctness for everyday usage. A case in point is HOYA Corporation, a Japanese optics firm, that rolled out its MySV single-vision lenses with 360° Visual Comfort in September 2022, an additional feature to its array of free-form single-vision lenses. These MySV lenses let users experience 360° visual comfort as they incorporate four critical elements into their design and inherently into the user's experience, offering confidence to the user in all scenarios.

What Are the Key Segments 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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Who Are the Key Players Shaping the Single Vision Lenses Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in 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.

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