The global Prescription Lens market is estimated to reach the USD 51.8 Billion by 2028, at a CAGR of 4.4% during the forecast period from 2021 to 2028. The demand is growing due to the rising prevalence of reflective error cases, primarily astigmatism and myopia. As businesses work to advance technologies to improve the prescription lens that prevents patients from dangerous screen radiations, various eye conditions arise with people who work for hours in front of the computer. As a result, the introduction of such technologically advanced prescription lenses would help the industry expand. Along with new technology and the advancement of improved prescription lenses, online vision testing services are expected to fuel market demand.
Adroit Market Research report on global prescription lens market gives a holistic view of the market from 2018-2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018-2019, with the base year of estimation as 2019 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global Prescription Lens market have been studied in detail.
The major players operating in the global market include Essilor, ZEISS International, HOYA VISION CARE COMPANY, VISION EASE, SEIKO OPTICAL PRODUCTS CO., LTD, PRIVÉ REVAUX, Vision Rx Lab, and many more.
In Europe, the presence of organisations and associations dedicated to preventing vision deterioration is expected to propel the market. The International Agency for the Prevention of Blindness (IAPB) and the World Health Organization (WHO) have launched a collaborative initiative called VISION 2020: The Right to See with the aim of eradicating blindness by focusing on conditions that cause vision damage, such as refractive errors. As a result, demand development in Europe is projected to be fueled by the awareness and acceptance of treatment solutions such as prescription lenses for refractive errors.
Online tests are supposed to aid in quick diagnosis of refractive errors and will propel the growth of the industry. Growing discretionary income has inspired consumers to purchase perfect eyewear items that are in proper combination with their rising living standards. Furthermore, the younger generation is investing in trendy sunglasses and frames, and the younger generation is opting for contact lenses to enhance their look, resulting in growth prospects for the prescription lens industry in the forecast timeframe due to fashion awareness and rising living standards.
Key Segments of the Global Prescription lens Market
Type Overview, 2018-2028 (USD Million)
- Single vision
- Workspace progressives
Application Overview, 2018-2028 (USD Million)
Coating Overview, 2018-2028 (USD Million)
- Scratch resistant coating
- Anti-fog coating
- Ultraviolet treatment
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa