What is Global Opthalmic Lenses Market?
The Global Ophthalmic Lenses Market is a vast and dynamic sector that encompasses a wide range of products designed to correct vision and protect the eyes. These lenses are used in eyeglasses, sunglasses, and intraocular lenses for cataract surgery. The market is driven by the increasing prevalence of vision disorders, the growing geriatric population, and technological advancements in ophthalmic lenses. The market is segmented based on the type of material used to manufacture the lenses. ADC Ophthalmic Lenses, PC Ophthalmic Lenses, PU Ophthalmic Lenses, Acrylic Ophthalmic Lenses, Epoxy Ophthalmic Lenses, and others are some of the types of lenses available in the market. Each type of lens has its unique properties and applications. For instance, ADC lenses are known for their durability and clarity, making them ideal for eyeglasses and sunglasses. On the other hand, PC lenses are lightweight and impact-resistant, making them suitable for sports eyewear and children's glasses. PU lenses offer superior optical quality and are often used in high-end eyewear. Acrylic lenses are cost-effective and are commonly used in reading glasses. Epoxy lenses are known for their high refractive index and are used in high-prescription eyeglasses.
ADC Ophthalmic Lenses, PC Ophthalmic Lenses, PU Ophthalmic Lenses, Acrylic Ophthalmic Lenses, Epoxy Ophthalmic Lenses, Others in the Global Opthalmic Lenses Market:
The Global Ophthalmic Lenses Market finds its application in various areas such as Corrective Lenses, Sunglasses Lenses, and Intraocular Cataract Lenses. Corrective lenses are used to correct refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. These lenses help to focus light accurately on the retina, thereby improving vision. Sunglasses lenses are designed to protect the eyes from harmful UV rays. These lenses are often polarized or tinted to reduce glare and enhance visual comfort. Intraocular cataract lenses are artificial lenses that replace the eye's natural lens during cataract surgery. These lenses help to restore clear vision after the removal of the cloudy natural lens.
Corrective Lenses, Sunglasses Lenses, Intraocular Cataract Lenses in the Global Opthalmic Lenses Market:
The Global Ophthalmic Lenses Market was valued at US$ 2493 million in 2022. It is projected to reach a value of US$ 3141.1 million by 2029, growing at a CAGR of 3.3% during the forecast period of 2023-2029. The market is dominated by the top three manufacturers who collectively hold a 60% market share. Geographically, Asia is the largest market for ophthalmic lenses, accounting for 40% of the global market. Europe and North America follow closely, each holding over 45% of the market share. In terms of product segmentation, ADC Ophthalmic Lenses is the largest segment, accounting for about 40% of the market.
| Report Metric | Details |
| Report Name | Opthalmic Lenses Market |
| Accounted market size in 2022 | US$ 2493 in million |
| Forecasted market size in 2029 | US$ 3141.1 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Essilor, ZEISS, HOYA, SHIMIZU, Rodenstock, MingYue, Conant, Wanxin, CHEMI, Nikon, Hongche |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
