Single Vision Lenses Market Size Worth USD 9.5 Billion by 2030, Growing at 3.46% CAGR

The global single vision lenses market was valued at USD 7.2 billion in 2022 and is projected to reach USD 9.5 billion by 2030, expanding at a CAGR of 3.46% between 2023 and 2030. Single-vision lenses are widely used to correct refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. Unlike bifocal or progressive lenses, these provide a single optical prescription correction, ensuring sharper, more comfortable vision with a wider field of view.

Available in glass and polycarbonate materials, single-vision lenses are designed for all age groups-from children and teenagers to adults and seniors. With rising screen time and digital device usage, demand for lenses with anti-reflective and high-quality coatings has grown significantly. According to Carl Zeiss AG, single-vision lenses represent nearly 75% of total global lens sales, highlighting their importance in the optical industry.

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Key Market Insights

Market size in 2022: USD 7.2 Billion

Expected market size by 2030: USD 9.5 Billion

CAGR (2023-2030): 3.46%

Leading region (2022): Asia Pacific

Dominant application: Myopia (nearsightedness)

Major material segment: Polycarbonate lenses

Growth Drivers
📈 Rising Global Vision Problems

According to the World Health Organization (WHO), over 2.2 billion people suffer from near or far vision impairment. Around 1 billion cases remain unaddressed, mostly due to refractive errors like myopia and hyperopia. Single-vision lenses, being cost-effective and widely accessible, are the primary solution for these impairments.

👩‍⚕️ Increasing Myopia Cases

Myopia is the most prevalent eye disorder globally, especially among children and young adults. In the U.S., more than 34 million people above 40 are affected by myopia, while Europe reports nearly 15% of children at risk of myopic disorders. Rising incidence has directly fueled lens demand.

🏭 Expanding Manufacturing Capacity

In July 2023, Carl Zeiss AG announced a ₹25 billion investment in a new lens plant in Bengaluru, India, which will boost its production from 10,000 to 60,000 prescription lenses per day. Such large-scale expansions indicate strong industry growth ahead.

Market Restraints

Multiple refractive errors often require bifocal or progressive lenses, limiting single-vision lens adoption.

Cost-effectiveness issues, as users may need multiple pairs of single-vision lenses compared to one pair of multifocal lenses.

Opportunities

Innovation in lens design: Companies like Carl Zeiss AG and HOYA are introducing advanced freeform single-vision lenses for 360° comfort and superior optical quality.

Digital eye strain solutions: Specialized coatings for screens and aspheric lens designs are expected to open new growth avenues.

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Market Segmentation

By Type: Spherical, Aspherical, Freeform
By Material: Glass, Polycarbonate, Others
By Age Group:

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This release was published on openPR.