Global Prescription Lens Market

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 2025-2032


Report ID: SQSG35B2029 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 121 | Figures: 77

Prescription Lens Market Dynamics

Prescription Lens market Driver

  • The prevalence of refractive error cases, primarily myopia, and astigmatism, is expected to drive the market

The rising prevalence of refractive error cases, primarily myopia and refractive error, is expected to drive prescription lens demand. Prescription lenses aid in the resolution of the eyes' incapability to project light onto the retina for improved vision. These lenses come in a variety of shapes and sizes and surface coatings and are preferred based on refractive order. Concave prescription optics are used to correct myopia, while convex prescription lenses are used to correct hyperopia. Conical prescription lenses are used to correct astigmatism.

  • Omnichannel presence of industry participants

With technology as an enabler, a new generation of customers has fuelled the growth of online shopping over the past decade. These customers prefer richer experiences, better services, greater value, and more available options. Omnichannel retail solutions give prescription lens market participants greater control over larger product assortments. Merchandise and price fluctuations can be updated, standardised, and visible across all stores in real time. This makes it easier to accommodate more styles and production cycles, respond to market trends, and drive sales with targeted promotions. Customers can get an eye exam in one store, find a frame they like, and purchase it there, online, have it delivered, or pick it up at a different location. Once a customer's prescription is on file, they can purchase it online and pick it up at a nearest authorised store. Alternatively, they can return the item in-store if they purchase glasses online but discover that they aren't quite what they were looking for. With an Omni-channel infrastructure in place, stores can concentrate more on improving their cross-channel customer service, regardless of whether they sell specialised or prescription eyewear or both. The market is anticipated to be driven by these factors during the forecast year.

Prescription Lens market Restraint

  • Spectacle-induced vision distortion

If the person wearing a prescription lens has astigmatism, there may be some distortion of vision. There is also difficulty seeing through the sides of the glasses, which worsens with lower eye power. These are some of the factors that may stymie the expansion of the Prescription Lens market.

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Prescription Lens Market size was valued at USD 45.3 billion in 2019 and is poised to grow from USD 47.7 billion in 2023 to USD 66.7 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

Major players are concentrating on developing multiple kinds of prescription glasses with various coating options. These market participants are also forming partnerships and alliances in order to broaden their brand reach and enhance their product offerings. For instance, Essilor launched a progressive web app version of the pre-existing Essilor Companion for all eye care professionals. This initiative aims to simplify the digital ecosystem for Essilor's industry partners, such as Eye Care Professionals (ECPs), while also providing a better in-store digital Essilor brand experience. 'EssilorLuxottica', 'Carl Zeiss Meditec AG', 'HOYA Corporation', 'Nikon Corporation', 'Rodenstock GmbH', 'Seiko Optical Products Co., Ltd.', 'Shamir Optical Industry Ltd.', 'Vision Service Plan', 'ZEISS International', 'Luxexcel Group BV', 'CooperVision, Inc.', 'Signet Armorlite, Inc.', 'VSP Global', 'Transitions Optical, Inc.', 'Younger Optics, Inc.', 'BBGR', 'Essilor of America, Inc.', 'Vision Ease', 'Corning Incorporated', 'Marcolin Group S.p.A.'

The prevalence of refractive error cases, primarily myopia, and astigmatism, is expected to drive the market

ZEISS is a leading manufacturer of lenses that include BlueGuard Lenses, Sunglass Lenses, Single Vision Lenses, Digital Lenses, Progressive Lenses, and Drive Safe Lenses. ZEISS is developing BlueGuard Lenses, an advanced prescription lens based on ZEISS UVProtect Technology that blocks up to 40% of potentially harmful blue light in the wavelength range of 400 nm to 455 nm. During the forecast period, the development of such a technologically advanced prescription lens is expected to boost the market growth. Furthermore, beginning in 2022, ZEISS will set a new standard of care by including full UV protection in all clear ZEISS plastic lenses.

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 organization that provides mentorship and training to local eye care professionals and inspires them to save sight in their communities.

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Global Prescription Lens Market

Report ID: SQSG35B2029

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