Prescription Lens Market: Introduction
- Lens, in optics, is a piece of transparent glass that concentrates or disperses light rays that pass through it
- A lens prescription is an order written by an eyewear prescriber, such as an optometrist. Prescription lens help in solving the inability of the eyes to project the light on the retina for improved vision. These lenses are available in various shapes and coatings, and are preferred as per the refractive order.
- A concave prescription lens is used to correct myopia. A convex prescription lens is used to correct hyperopia. Cylindrical prescription lens is used for astigmatism.
Global Prescription Lens Market: Key Drivers, Restraints, and Opportunity
- Rise in prevalence of refractive error, especially myopia and astigmatism, drive the demand for prescription lens. Additionally, various eye problems occur in people working for hours in front of computers. Hence, companies are coming up with advanced technology-based products that block a significant part of potentially harmful blue light along with offering full UV protection in order to provide comfortable vision and excellent clarity and aesthetics. Development of such a technologically advanced prescription lens is projected to boost the growth of the market during the forecast period.
- Advanced technologies coupled with development of enhanced prescription lenses and online platforms for vision testing are anticipated to drive the global market during the forecast period. Online tests help in rapid diagnosis of refractive errors, which propels the global market.
- The young generation is investing in trending sunglasses. This population focuses on new design sunglasses to accentuate their appearance. Hence, fashion consciousness and higher living standards are expected to create opportunities in the global prescription lens market in the near future.
North America to Dominate Global Prescription Lens Market
- In terms of region, the global prescription lens market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America is projected to dominate the global prescription lens market during the forecast period. Major market players have presence in the region and are launching prescription lens with advanced features.
- ZEISS is one of the leading companies that makes various types of lenses such as BlueGuard Lenses, Single vision lenses, progressive lenses, digital Lenses, sunglass lenses, and drive safe lenses. ZEISS is developing an advanced prescription lens named BlueGuard Lenses, a material built on the foundation of ZEISS UVProtect Technology that blocks up to 40% of potentially harmful blue light in the wavelength range from 400 nm to 455 nm. The development of such a technologically advanced prescription lens is expected to boost market growth during the forecast period. Moreover, ZEISS is creating a new standard of care by including full UV protection in all clear ZEISS plastic lenses starting this year 2022.
- Prevalence of sight loss is rising in Europe. According to the European Broadcasting Union (EBU), on average 1 in 30 people in Europe experiences sight loss. This is anticipated to foster the demand for prescription lenses, thereby contributing to the growth of the market in the near future.
- The market in Asia Pacific is expected to grow at a rapid pace during the forecast period due to changes in lifestyle and more time spent by majority of people in front of computers, laptops screens, mobile phones, televisions, etc. Vision Rx Lab is one of the largest ophthalmic doctor's prescription lens manufacturers in Asia.
Key Players Operating in Global Prescription Lens Market
- Key players focus on developing different types of prescription lens with different coating options and advanced features. Essilor makes various types of branded lenses such as Crizal, Varilux, Eyezen, Xperio, and Optifog.
- ZEISS International
- Essilor
- Hoya Vision Care Company
- Vision Ease
- Privé Revaux
- Vision Rx Lab
- Seiko Optical Products Co., Ltd.
- Other players
Global Prescription lens Market: Research Scope
- In terms of type, the global prescription lens market can be classified into single vision, bifocal, trifocal, progressive, and workspace progressives. Convex, concave, and cylindrical are the different types of single vision lenses.
- Based on application, the global prescription lens market can be categorized into astigmatism, hyperopia, myopia, and presbyopia
- In terms of coating, the global prescription lens market can be divided into anti-fog coating, anti-reflective, scratch resistant coating, and ultraviolet treatment
Global Prescription Lens Market, by Type
- Single Vision
- Convex
- Concave
- Cylindrical
- Bifocal
- Trifocal
- Progressive
- Workspace Progressives
- Others
Global Prescription Lens Market, by Application
- Astigmatism
- Myopia
- Hyperopia
- Presbyopia
Global Prescription Lens Market, by Coating
- Anti-fog Coating
- Anti-reflective
- Scratch Resistant Coating
- Ultraviolet Treatment
Global Prescription Lens Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
