Prescription Lens Market

Prescription Lens - Global Market Outlook (2019 -2027)

4.7 (85 reviews)
Published: August 2020 ID: SMRC19826
4.7 (85 reviews)
Published: August 2020 ID: SMRC19826

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Prescription Lens Market is accounted for $31.94 billion in 2019 and is expected to reach $52.07 billion by 2027 growing at a CAGR of 6.3% during the forecast period. Some of the factors such as the growing prevalence of refractive errors and the increasing number of awareness programs are the major factors fueling the growth of the market. However, high treatment and correction cost of myopia and presbyopia is hampering the market growth.

The prescription lens helps in resolving the inability of the eyes to project the light on the retina for enhanced vision. The prescription lens is accessible with different coating options to provide patients with enhanced vision in different environments.

Based on the coating, the anti-reflective segment is likely to have a huge demand during the forecast period due to numerous advantages associated with it such as protection from harmful rays from electronic display screens. AR coating helps in eliminating the reflections thus reduces contrast and enhances clarity.

By geography, North America is going to have a lucrative growth owing to the growing prevalence of myopia and presbyopia in the U.S. and Canada. Moreover, major market players in this region are launching a prescription lens with advanced features. The adoption of advanced technology and products is high in the region, thus, contributing towards the overall market growth.

Some of the key players profiled in the Prescription Lens Market include Prive Revaux, ZEISS International, Rodenstock, Vision Ease, Marchon Eyewear, Luxottica Group, Essilor, Seiko Optical Products Co., Ltd., Vision Rx Lab, and Hoya Vision Care Company.  

Coatings Covered:
• Anti-Fog Coating
• Anti-Reflective
• Scratch Resistant Coating
• Ultraviolet Treatment

Types Covered:
• Workspace Progressives
• Trifocal
• Bifocal
• Progressive
• Single Vision   

Applications Covered:
• Astigmatism
• Hyperopia/Hypermetropia
• Myopia
• Presbyopia 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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