Prescription Lens Market Size, Share, Growth Analysis, By Distribution Channel(Offline, Online), By Lens Coating(Anti-reflective, Scratch Resistant Coating, Anti-Fog Coating, Ultraviolet Treatment), By Application(Myopia, Hyperopia/Hypermetropia, Astigmatism, Presbyopia), By Type(Single Vision, Bifocal, Trifocal, Progressive), By Region - Industry Forecast 2024-2031

During the forecast period, Asia-Pacific is expected to have the largest market share. China, Japan, Singapore, and the Republic of Korea are significant contributors to the region's Prescription Lens market growth. These countries account for half of the world's myopia prevalence. The region's increasing incidence of refractive errors is raising the number of patients and, as a result, the requirement for prescription lenses for their treatment. Market participants in the region are forming strategic alliances to expand their prescription lens business. Hoya announced a partnership with Orbis International, a global organization that provides mentorship and training to local eye care professionals and inspires them to save sight in their communities.

During the forecast period, Asia-Pacific is expected to have the largest market share. China, Japan, Singapore, and the Republic of Korea are significant contributors to the region's Prescription Lens market growth. These countries account for half of the world's myopia prevalence. The region's increasing incidence of refractive errors is raising the number of patients and, as a result, the requirement for prescription lenses for their treatment. During our in-depth analysis, we found that Myopia is becoming more common around the world, with a recent study estimating that 30% of the world is currently myopic, and that by 2050, nearly 50% will be myopic, amounting to a staggering 5 billion people.

Market participants in the region are forming strategic alliances to expand their prescription lens business. Hoya announced a partnership with Orbis International, a global organization that provides mentorship and training to local eye care professionals and inspires them to save sight in their communities.

The United States is estimated to be the second largest market for Prescription lenses in the North America region, Because of the increasing prevalence of myopia and presbyopia in countries such as the United States and Canada. Furthermore, significant market players are present in the region and are launching advanced prescription lenses. For instance, Privé Revaux introduced low-cost prescription lenses. Through its partnership with Opternative, a technology company, the company has also extended its reach to the patient pool by offering online vision tests. The region has a high rate of adoption of advanced technologies and materials, which contributes to overall market growth.