Single Vision Lenses Market Poised to Hit $8.61 Billion by 2029 with Accelerating Growth Trends

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Single Vision Lenses Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been constant growth in the market size for single vision lenses. The market, which was valued at $7.03 billion in 2024, is anticipated to achieve a value of $7.31 billion in 2025, marking a compound annual growth rate (CAGR) of 4.1%. Factors contributing to the growth recorded during the historic period include the creation of new materials, the adoption of digital lens designs and freeform technology, advancements in surgical methods, constant research in optics and materials, and a significant rise in medical tourism particularly for vision correction procedures.

How Will the Single Vision Lenses Market Size Evolve and Grow by 2029?
The market size for single vision lenses is projected to experience reliable expansion over the coming years, reaching a value of $8.61 billion by the year 2029, with a Compound Annual Growth Rate (CAGR) of 4.2%. This projected growth during the forecast period may be due to the increasing need for protective eyewear in industrial sectors, heightened awareness about UV protection and blue light filtering, advancements in healthcare facilities and eyecare clinics, and the global expansion of manufacturing. Key trends expected during this forecast period include a rise in demand for lenses correcting presbyopia, an increased occurrence of eye conditions such as myopia, hyperopia, astigmatism, and presbyopia, the roll-out of vision care programs, the increasing use of telehealth services, and the implementation of policies promoting care for eyesight and insurance coverage for eyewear.

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What Drivers Are Propelling the Growth of Single Vision Lenses Market Forward?
The growth of the single vision lenses market is anticipated to be fueled by the escalating occurrence of myopia. Myopia, also known as nearsightedness, manifests as a visual defect where far-off objects appear fuzzy, whilst objects located nearby are perceived with clarity. The rise in myopia results from factors such as increased screen usage, extended working hours, and growing older populations. Single vision lenses address myopia by fixing the focal point of light directly onto the retina, thus improving the sight of distant objects. To illustrate, BMJ Publishing Group, a UK-based health organization publisher, reported in September 2024 that over 36% of the global population of children and adolescents are now myopic. This is a considerable surge from previous decades. Projected estimates also indicate that by 2050, the worldwide tally of people suffering from myopia could surpass the 740 million mark. Consequently, this escalating incidence of myopia is accelerating the expansion of the single vision lenses market.

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Which Fast-Growing Trends Are Poised to Disrupt the Single Vision Lenses Market?
Leading organizations in the single vision lenses market have been striving to innovate and create cutting-edge products, such as 360° visual lenses, to acquire a competitive advantage in the industry. These single vision lenses endowed with 360° visual precision provide an all-encompassing focus from every viewpoint, enhancing the sharpness of vision for various activities and routine tasks. Renouncing any compromise on peripheral sight, these lenses deliver uninterrupted rectification, assuring comfort and clarity for regular wear. For instance, in September 2022, HOYA Corporation, a renowned optical firm based in Japan, introduced their latest offering, MySV single-vision lenses with a 360° Visual Comfort feature to its free-form single-vision lens range. These MySV lenses facilitate the attainment of 360° visual comfort by incorporating four key components in their design. This overall enhances the customer experience, instilling confidence in the wearer under any circumstances.

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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