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Global Prescription Lens Market to reach USD 65.03 billion by 2028.

Global Prescription Lens Market Size study, by Type (Single Vision, Bifocal, Trifocal, Progressive, Workspace Progressives, Others) by Application (Myopia, Hyperopia/Hypermetropia, Astigmatism, Presbyopia), by Coating (Anti-reflective, Scratch Resistant Coating, Anti-fog Coating, Ultraviolet Treatment) and Regional Forecasts 2022-2028

Product Code: HLSDT-62953198
Publish Date: 14-08-2022
Page: 200

Global Prescription Lens Market is valued approximately USD 45.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2022-2028. Cases of vision impairment caused by refractive errors are on the rise. The majority of these cases go unreported at first and contribute to the growing frequency of uncorrected refractive defects (URE). Patients with refractive problems are often ignorant of their condition and receive no therapy. As a result, several organizations specializing on the diagnosis and treatment of refractive errors are being formed in order to control the rise in URE. Sightsavers, a non-profit organization with operations in over 30 countries, focuses mostly on the African and Asian continents. To deliver sophisticated and inexpensive ophthalmic therapy, the organization creates an alliance with local, regional, national, and international partners and governments. To address the issue of URE, the group devised a refractive error method. In accordance with its dual-track methodology, the company provides refractive error services. Furthermore, the organization is extending its programme alliances and developing collaborations to improve URE services. The existence of such organizations, as well as increased awareness of refractive error therapy, are projected to boost the market. The rising prevalence of refractive defect cases, namely myopia and astigmatism, is predicted to fuel prescription lens demand. According to a WHO report, the global incidence of myopia was 33% in 2020 and is anticipated to rise to 52% by 2050. East Asia has the largest frequency of the illness, with China, the Republic of Korea, Japan, and Singapore accounting for over half of the regional share. Prescription lenses aid in the resolution of the eyes’ failure to transfer light onto the retina for improved vision. These lenses come in a variety of forms and coatings and are favoured based on refractive order. Concave prescription lenses are used to treat myopia, whereas convex prescription lenses are used to correct hyperopia. Cylindrical prescription lenses are used to correct astigmatism. However, the high cost of Prescription Lens stifles market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global Prescription Lens Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounted for the most revenue share and is predicted to increase at the quickest rate over the projection period. The region’s growing frequency of refractive defects is increasing the number of patients and, as a result, the need for prescription lenses for their treatment. The rising prevalence of myopia and presbyopia in nations such as the United States and Canada leads to North America representing the second-largest revenue share. Furthermore, big market companies are operating in the region and are developing new prescription lenses.

Major market player included in this report are:
ZEISS International
Vision Rx Lab
De Rigo Vision SpA
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Single Vision
Workspace Progressives

By Application:

By Coating:
Scratch Resistant Coating
Anti-fog Coating
Ultraviolet Treatment

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Prescription Lens Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Prescription Lens Market, by Region, 2020-2028 (USD Billion)
1.2.2. Prescription Lens Market, by Type, 2020-2028 (USD Billion)
1.2.3. Prescription Lens Market, by Application, 2020-2028 (USD Billion)
1.2.4. Prescription Lens Market, by Coating, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Prescription Lens Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Prescription Lens Market Dynamics
3.1. Prescription Lens Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing prevalence of refractive error cases, mainly myopia and astigmatism Growing Geriatric Population
3.1.2. Market Challenges High Cost of Prescription Lens
3.1.3. Market Opportunities Advancements in Formulation
Chapter 4. Global Prescription Lens Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Prescription Lens Market, by Type
6.1. Market Snapshot
6.2. Global Prescription Lens Market by Type, Performance – Potential Analysis
6.3. Global Prescription Lens Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
6.4. Prescription Lens Market, Sub Segment Analysis
6.4.1. Single Vision
6.4.2. Bifocal
6.4.3. Trifocal
6.4.4. Progressive
6.4.5. Workspace Progressives
6.4.6. Others
Chapter 7. Global Prescription Lens Market, by Application
7.1. Market Snapshot
7.2. Global Prescription Lens Market by Application, Performance – Potential Analysis
7.3. Global Prescription Lens Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
7.4. Prescription Lens Market, Sub Segment Analysis
7.4.1. Myopia
7.4.2. Hyperopia/Hypermetropia
7.4.3. Astigmatism
7.4.4. Presbyopia
Chapter 8. Global Prescription Lens Market, by Coating
8.1. Market Snapshot
8.2. Global Prescription Lens Market by Coating, Performance – Potential Analysis
8.3. Global Prescription Lens Market Estimates & Forecasts by Coating 2018-2028 (USD Billion)
8.4. Prescription Lens Market, Sub Segment Analysis
8.4.1. Anti-reflective
8.4.2. Scratch Resistant Coating
8.4.3. Anti-fog Coating
8.4.4. Ultraviolet Treatment
Chapter 9. Global Prescription Lens Market, Regional Analysis
9.1. Prescription Lens Market, Regional Market Snapshot
9.2. North America Prescription Lens Market
9.2.1. U.S. Prescription Lens Market Type breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028 Coating breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Prescription Lens Market
9.3. Europe Prescription Lens Market Snapshot
9.3.1. U.K. Prescription Lens Market
9.3.2. Germany Prescription Lens Market
9.3.3. France Prescription Lens Market
9.3.4. Spain Prescription Lens Market
9.3.5. Italy Prescription Lens Market
9.3.6. Rest of Europe Prescription Lens Market
9.4. Asia-Pacific Prescription Lens Market Snapshot
9.4.1. China Prescription Lens Market
9.4.2. India Prescription Lens Market
9.4.3. Japan Prescription Lens Market
9.4.4. Australia Prescription Lens Market
9.4.5. South Korea Prescription Lens Market
9.4.6. Rest of Asia Pacific Prescription Lens Market
9.5. Latin America Prescription Lens Market Snapshot
9.5.1. Brazil Prescription Lens Market
9.5.2. Mexico Prescription Lens Market
9.6. Rest of The World Prescription Lens Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Essilor Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. ZEISS International
10.2.7. Vision Rx Lab
10.2.8. De Rigo Vision SpA
10.2.9. Fielmann
10.2.10. Lanvin
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
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