Global Prescription Lens Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

The Prescription Lens Market report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market.

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The Prescription Lens Market report presents a thorough study of revenues, historical data, information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market.

Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries.

It also covers threats or challenges for existing as well as new entrants in the market. The global prescription lens market has been segmented on the basis of type, application, and coating, as well as regions, and countries.

Prescription Lens Market Overview:

“The Prescription Lens Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

An eyeglass prescription is an order written by an eyewear prescriber, such as an optometrist or ophthalmologist, that specifies the value of all parameters the prescriber has deemed necessary to construct and/or dispense corrective lenses appropriate for a patient and is known as prescription lenses.

Prescription Lens Market Dynamics:

The increase in the number of vision impairment cases as a result of refractive errors (mostly astigmatism and myopia), and the subsequent rise of Uncorrected Refractive Errors (URE) in patients are primary factors expected to fuel the revenue growth of the global prescription lens market over the next 10 years.

The incorporation of innovative advancements to develop enhanced prescription lenses, as well as the growing presence of online vision testing platforms that aid in the rapid diagnosis of refractive errors in vision is other factors slated to positively impact the future revenue growth of this global market.

Furthermore, the drastic change in the lifestyles of individuals, where a majority of people spend far too much time in front of devices such as laptops screens, mobile phones, televisions, etc. is exacerbating healthy vision standards, leading to a significant boost in the requirement of services for prescription lens and other related products.

Segmentation of the global prescription lens market is as follows:

In terms of type, the single-vision prescription lens segment accounted for the majority revenue share of the global prescription lens market in 2019.

However, the progressive lens segment is expected to index the fastest rate of revenue growth in the foreseeable future owing to their effective functionality and the youthful appearance they lend their users. The workspace progressive lens segment is also expected to register considerable revenue growth in the years to come.

On the basis of coating, the Anti-Reflective (AR) coating segment accounted for the majority revenue share of this global market in 2019, owing to its increasing global demand due to its ability to protect the users from harmful rays of electronic display screens.

The Ultraviolet (UV) treatment lens segment is slated to register the fastest rate of revenue growth in the foreseeable future. The scratch-resistant coating segment is also anticipated to index considerable future revenue growth.

With respect to application, the myopia segment accounted for the highest number of revenue shares in this global market in 2019 and is expected to continue to do so in the years to come, owing to its surging prevalence.

Although, the presbyopia segment is expected to expand at the fastest rate of revenue growth in the near future. And, the hyperopia segment is also slated to expand considerably.

Prescription Lens Market Regional Segmentation and Analysis:

North America accounted for the majority revenue share of the global prescription lens market in 2019, due to the increasing prevalence of presbyopia and myopia, as well as the large presence of industry players in this region.

The markets in Europe are also expected to register considerable revenue growth in the foreseeable future. The markets in the APAC region, however, are expected to index the highest rate of revenue growth in the coming years.

Prescription Lens Market Segmentation of the Global Prescription Lens Market:

Segmentation by Type:

• Single vision

• Convex
• Concave
• Cylindrical

• Bifocal
• Trifocal
• Progressive
• Workspace progressives
• Others

Segmentation by Application:

• Bifocal
• Trifocal
• Progressive
• Workspace progressives
• Others

Segmentation by Coating:

• Bifocal
• Trifocal
• Progressive
• Workspace progressives
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa