Global demand for Prescription Lens Market was valued at approximately USD 35.39 Billion in 2019, and is expected to generate revenue of around USD 41.81 Billion by end of 2026, growing at a CAGR of around 4.7% between 2020 and 2026.
Prescription Lens Market
The report covers forecast and analysis for the prescription lens market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the prescription lens market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the prescription lens market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the prescription lens market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type, application, coating, and region segment are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the prescription lens market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, regional expansion of major participants involved in the prescription lens market on global and regional basis.
The study provides a decisive view on the prescription lens market by segmenting the market based on the type, application, coating, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global prescription lens market. Some of the key players of prescription lens market are Hoya Vision Care Company, Prive Revaux, Rodenstock, ZEISS International, Vision Rx Lab, Vision Ease, Essilor, Marchon Eyewear, Seiko Optical Products Co., Ltd., and Luxottica Group among others.
This report segments the global prescription lens market as follows:
Global Prescription Lens Market: By Type
Global Prescription Lens Market: By Application
Global Prescription Lens Market: By Coating
Global Prescription Lens Market: By Region
The growing prevalence of cases of refractive error, mainly myopia and astigmatism, is expected to boost demand for the prescription lens. Prescription lens helps to overcome the eyes' failure to focus the light for improved vision on retina.
The report also includes detailed profiles of some of the players like Hoya Vision Care Company, Prive Revaux, Rodenstock, ZEISS International, Vision Rx Lab, Vision Ease, Essilor, Marchon Eyewear, Seiko Optical Products Co., Ltd., and Luxottica Group among others.
During the forecast period Asia Pacific is expected to witness the fastest growth rate. Countries like Japan, China, Singapore, and the Republic of Korea accounted for more than 45 percent of worldwide incidence of myopia. The incidence of refractive errors in the area has raised the number of patient pools and thus generated the need for prescription lens in the market.
According to the report, global demand for prescription lens market was valued at approximately USD 35.39 Billion in 2019, and is expected to generate revenue of around USD 41.81 Billion by end of 2026, growing at a CAGR of around 4.7% between 2020 and 2026.