Optical Lens Edger Market to Undertake Strapping Growth During 2025
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Expansion of the market can be attributed to the rise in the number of people suffering from eye diseases, growing geriatric population, rising awareness among people regarding the eye diseases, drive the optical lens edger market. According to various reports, it is estimated that over 125 million people use contact lenses globally, which include over 38 million in the U.S. and more than 13 million in Japan. Additionally, the market has been witnessing a trend of consistent and modest growth in the resale market for these devices. Growing sales of enhanced resolution microscopes is anticipated to aid in driving the demand for the microscope lens edging devices. Technological advances leading to the development of patternless lens edger devices is a major growth contributor. Increasing demand for patternless lens edger devices can be attributed to the improvement in accuracy of lens edging. However, the cost of these devices, stringent regulatory approval procedure, among others are likely to inhibit the market during the forecast period.
The global optical lens edger market can be segmented based on product type, application, and region. In terms of product type, the market can be divided into manual, automatic, and semi-automatic. The automatic optical lens edger segment is anticipated to dominate the market during the forecast period owing to the ease of performing the edging process using these devices. Based on application, the optical lens edger market can be segregated into microscope lens, camera lens, and eyeglass lens, and others. The eyeglass lens segment dominated the market in 2016 and is anticipated to continue this trend during the forecast period.
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In terms of geography, the global optical lens edger market can be segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2016 and contributed the highest share of global revenues. In terms of revenues, North America is anticipated to continue dominating the market during the forecast period owing to the rise in awareness regarding healthcare, increase in the number of eye diseases and infections, and well-established health care infrastructure, among others. Europe was the second leading region in the market in terms of revenues in 2016 and is anticipated to remain the second dominant revenue generating region during the forecast period. However, the market in Asia Pacific is anticipated to expand at a considerable CAGR during the forecast period. The expansion of the market is primarily attributed to countries such as China, India, and Japan. Additionally, rising patient population, increasing government initiatives to improve health care facilities, and growing geriatric population, among others boost the market in the region.
Leading players operating in the global optical lens edger market are Essilor International S.A., Topcon Corporation, NIDEK CO., LTD., Luneau Technology Group, DIA OPTICAL CO., Huvitz Co. Ltd., Nanjing Laite Optical Co., Ltd, VISSLO Inc., Mei S.r.l, Shanghai Supore Instruments Co., Ltd, FUJI GANKYO KIKAI MFG CO.,LTD., and others.
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