What is the global market size of European Lens Cleaning Market?

European Lens Cleaning Market size was valued at USD 3338.14 million in 2021 and is poised to grow from USD 3405.9 million in 2022 to USD 4081.16 million by 2030, growing at a CAGR of 2.03% in the forecast period (2023-2030).

European Lens Cleaning Market Size, Share, Growth Analysis, By Type(Fluid, Microfiber Cloth, Others), By Application(Glass Care, Microscope Care, Camera Care, Other), By Region - Industry Forecast 2024-2031

Report ID: SQMIR25S2053 | Region: Regional | Published Date: February, 2024
Pages: 265 | Tables: 64 | Figures: 75

European Lens Cleaning Market News

In June 2021, Volk Optical announced the launch of their new device, the ClearPod, which seeks to eliminate mask-related fogging during fundus examinations. This patent-pending design was developed in partnership with Wheaton Eye Clinic, Illinois, ophthalmologists Bradley Sacher, MD, a cataract expert, and Jeremy Wingard, MD, a glaucoma specialist.

European Lens Cleaning Market Report Snapshots

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European Lens Cleaning Market size was valued at USD 3338.14 million in 2019 and is poised to grow from USD 3405.9 million in 2023 to USD 4081.16 million by 2031, growing at a CAGR of 2.03% in the forecast period (2024-2031).

The European lens cleaning market is highly fragmented due to the presence of both local and international players. Growing strategic partnerships among leading companies for product expansion have been critical to the market's growth during the forecast period. Major players are collaborating with the E-Commerce platform to sell its product to consumers and resellers. For Trade Sales, Players are collaborating with B2B E-Commerce platforms such as Europages, Manomano, Europebloombiz, Madeinindonesia, Lens Clens Europe, and others. For instance, Product Concept, a UK-based company has listed its product portfolio on Europages as a part of its B2B sales strategy. 'Carl Zeiss AG', 'Essilor International SA', 'HOYA Corporation', 'Bausch + Lomb', 'Johnson & Johnson Vision Care', 'Nikon Corporation', 'Luxottica Group S.p.A.', 'Safilo Group S.p.A.', 'Alcon Inc.', 'CooperVision Inc.', 'Novartis AG', 'Rodenstock GmbH', 'Seiko Optical Europe GmbH', 'Silhouette International Schmied AG', 'Shamir Optical Industry Ltd.', 'Signet Armorlite, Inc.', 'Zeiss Vision Care', 'Marcolin S.p.A.', 'De Rigo Vision S.p.A.', 'Kering Eyewear S.p.A.'

The eyewear market is projected to expand at an exponential rate, driving the market growth for lens cleaning products. Vision impairment is a common problem in Europe. Coupled with an aging population across the continent, the prevalence of such problems may increase in the future. Eyesight impairments can range from slight vision abnormalities to complete blindness. Common causes of sight loss include refractive disorders, cataracts, macular degeneration, and glaucoma. In 2020, in Western Europe, there were over 8.5 million people affected with moderate-severe vision loss as a result of refractive disorders. On the other hand, glaucoma caused blindness for almost 38,000 people, and cataracts was the cause of blindness for around 52,000 individuals. Thus, with increasing incidences of visual disorders will create a significant scope for the market growth.

The trend of multifunctional lens cleaning solutions is likely to offer attractive prospects for market expansion. Many corporations are investing in R&D initiatives in order to launch novel formulations. Scientific and clinical research is propelling continual innovation. Key corporations are collaborating with lens makers to better understand customer demands.

The European lens cleaning market is studied on the basis of countries as Germany, UK, Spain, Italy, Scandinavia, and Rest of Europe. Among these, Rest of European region dominated the market with more than 28% share. The Rest of European comprises countries such as Denmark, Norway, Sweden, Finland, Iceland, Faroe Islands, Greenland, and Aland. A growing number of spectacle wearers and contact lens users in these economies contributes to the growth of the market. As per European Council of Optometry and Optics, Belgium, Denmark, UK Switzerland, and others are some of the key countries that holds a significant share of spectacles and contact lens wearers. This is likely to contribute to the market growth, as with an increased number of eyeglasses and contact lenses, an increased number of cleaning products will be required.

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European Lens Cleaning Market Size, Share, Growth Analysis, By Type(Fluid, Microfiber Cloth, Others), By Application(Glass Care, Microscope Care, Camera Care, Other), By Region - Industry Forecast 2024-2031

European Lens Cleaning Market News

European Lens Cleaning Market Report Snapshots

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