Global Spectacle Lenses Market Demand By Manufacturers, Countries, Type and Application, Forecast 2023 to 2030

As of October 2022, the World Health Organization estimates that about 2.5 billion individuals worldwide have a near- or distance visual impairment. Uncorrected refractive errors and cataracts are the main causes of visual impairment. The bulk of these folks, according to the same source, are over 50 years old. Nearly 1 billion of these 2.2 billion people are either blind or have moderate to severe distant vision impairment. This is a result of 84.4 million patients with untreated refractive errors, 7.7 million with untreated glaucoma, 94 million with untreated cataracts, 3.9 million with untreated diabetic retinopathy, 4.2 million with untreated corneal opacities, 2 million with untreated trachoma, and approximately 826 million with untreated presbyopia-related vision impairment. Thus, it is anticipated that rising rates of eye problems, particularly in the senior population, will raise awareness of eye testing and increase demand for spectacle lenses.

The market for spectacle lenses was valued at USD 56.01 million in 2022, and by 2030, it is anticipated to increase to USD 90.25 million. From 2022 to 2030, the market is projected to expand at a CAGR of 5.5%. In 2022, sales of Spectacle Lens were estimated to be over 332 million. The market is anticipated to be driven by the rise in myopia instances among the older population as well as advancements in spectacle correction technologies. Additionally, rising consumer desire for stylish eyewear is anticipated to fuel market expansion. Despite the market-stimulating elements, it is predicted that the shortage of necessary skills for ophthalmic laboratory technicians will restrain market expansion. As it offers a larger zone of clear vision and is suitable for computer use, which increases demand, progressive lenses are expected to rise at a pace of about 6.9% during the projected period. Due to its strong demand in emerging nations, the single vision lenses segment is predicted to have a market opportunity of more than USD 10 million between 2022 and 2030. By 2023, the trifocal lenses market is projected to reach USD 10 million, due to the growing number of patients with hazy vision.

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The market research study labeled 'Spectacle Lenses Market market' gives a competent and in-depth evaluation of the current and potential market, as well as a study of product specification, display pattern, product type, and innovation research, taking into account central points, like facts and figures, income generated, piece of the overall industry and growth rate for each kind and application, Net Income, and key figures. Moreover, it provides an in-depth analysis of the Spectacle Lenses Market Market utilizing Porter's five forces, as well as a SWOT analysis for Quality, Weakness, Opportunities, and Threats to the organization.

The report primarily enlists the essential details of the industry based on the basic diagram of the Spectacle Lenses Market market chain structure and depicts industry environment, industry in general, speculation investigation, market advancement through upstream and downstream, industry strategies, plans, producing cost structure, and improvement, the major players of the global Spectacle Lenses Market market will drive key business decisions and makes a logical expectation for the improved business prospects during the forecast period of 2023-2030.

Top key players:
Essilor
ZEISS
Rodenstock
Nikon
Norville
Seiko Vision
Hoya Vision
MingYue
WanXin
HongChen

The market overview, upstream, technology, and cost structure of the global Spectacle Lenses Market market are shown right away. The following section displays the global Spectacle Lenses Market market by main players, application, and type. It also includes an examination of the Spectacle Lenses Market industry rivalry structure based on market income, sales, and the Spectacle Lenses Market market by well-known main players. Also included are the Global Spectacle Lenses Market Industry Application Status, Industry SWOT Analysis, Market Demand Forecast, and an examination of the territorial market's Production and Sales, as well as a future supposition investigation. Finally, an evaluation of the Spectacle Lenses Market Market Investment, Market Features, Opportunity, and Calculation is included.

By Type
Glass Lenses
Polycarbonate Lenses
Trivex Lenses
Plastic Lenses

By Application
Vision Correction
Beauty
Other

Region Outlook (Revenue, USD Billion; 2023- 2030)
North America: US, Canada, Mexico Europe: Germany, UK, France, Italy, Spain, Rest of Europe Asia Pacific: China, India, Japan, South Korea, Rest of Asia Pacific Latin America: Brazil and Rest of Latin America The Middle East and Africa: Saudi Arabia, UAE, South Africa, and Rest of the Middle East & Africa

Scope of the Report
1. The Spectacle Lenses Market market size section includes information on the market's historical growth, the impact of the Covid 19 virus, and anticipating its recovery.
2. The regional and nation breakdowns section examines the Spectacle Lenses Market market in each geography, as well as the size of the market in each geography, and compares historical and projected growth. It examines the impact of Covid 19 and the recovery path for all regions, developed countries, and emerging markets.
3. A description of the competitive state of the market, share prices, and a summary of the major organizations may be found in the global Spectacle Lenses Market market.
4. The section on trends and tactics examines the market's shape as it emerges from the crisis and provides ways for businesses to expand when the market recovers.
5. The report's Spectacle Lenses Market market section provides context. It compares the Spectacle Lenses Market market segments in terms of size and growth, both historical and projected.

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