|
Forecast
Period
|
2026-2030
|
|
Market
Size (2024)
|
USD
46.13 Billion
|
|
Market
Size (2030)
|
USD
56.39 Billion
|
|
CAGR
(2025-2030)
|
3.40%
|
|
Fastest
Growing Segment
|
Single
Vision
|
|
Largest
Market
|
North
America
|
Market Overview
Global Prescription
Lens Market was valued at USD 46.13 billion in 2024 and is expected to reach USD 56.39 billion in the forecast period with a CAGR of 3.40% through 2030. Prescription
lenses are specially designed and crafted eyeglass lenses that are used to
correct vision problems, making them a critical component in the field of
optometry and ophthalmology. These lenses are customized to an individual's
specific vision prescription, addressing common refractive errors and vision
conditions. Each prescription lens is customized to the
specific vision needs of the wearer. An eye care professional, such as an
optometrist or ophthalmologist, conducts a comprehensive eye exam to determine
the exact prescription. This prescription includes detailed measurements of the
refractive error, which is expressed in diopters as well as additional details
for astigmatism and any multifocal needs. The design of prescription lenses
varies based on individual needs. This includes single vision lenses (for one
specific distance), multifocal lenses (for multiple distances), and specialized
lenses like computer glasses or occupational lenses. Prescription lenses should
fit comfortably within the chosen eyeglass frames, with the appropriate lens
shape and size to ensure optimal vision correction and aesthetic appeal.
The global aging
population is more susceptible to age-related vision issues, particularly
presbyopia. This demographic trend drives the demand for multifocal and
progressive lenses. Prolonged use of digital devices, including smartphones,
computers, and tablets, has led to an increase in eye strain and digital eye
fatigue. This, in turn, drives demand for prescription lenses to alleviate
these issues. Advancements in lens technology, including high-index materials,
anti-reflective coatings, and lens design improvements, enhance the comfort,
aesthetics, and functionality of prescription lenses, encouraging their
adoption. Growing disposable income levels in many regions enable consumers to
invest in high-quality prescription lenses with advanced features, such as UV
protection and anti-scratch coatings. The need for myopia management options,
such as specialty contact lenses and orthokeratology, is growing due to the
increasing rates of myopia. This drives innovation and demand in the
prescription lens market.
For instance, according to WHO, in August 2023, approximately 2.2 billion individuals suffer from either near or distance vision issues, with about 1 billion of them facing preventable or unaddressed vision impairment.
As anticipated, these nations also possess the most significant populations. China and India collectively contribute to 49% of the global prevalence of blindness and vision impairment despite comprising only 37% of the world population.
Key Market Drivers
Technological
Advancements
High-index materials allow
for thinner and lighter lenses, reducing the thickness and weight of the
lenses, especially for individuals with higher prescriptions. Free-form or
digitally surfaced lenses use advanced computerized design and manufacturing
processes to create highly customized lenses. They can correct higher-order
aberrations, providing sharper and clearer vision, even in peripheral areas of
the lens. Aspheric lenses have a flatter, more aesthetically pleasing front
surface that minimizes the bug-eye effect and distortion, especially in high
prescription lenses. This technology measures and corrects optical distortions
in individual prescriptions, resulting in sharper and more precise vision. It
is often used in custom and wavefront-guided lenses.
Anti-Reflective (AR)
Coatings reduce reflections and glare on the lens surface, improving visual
clarity, reducing eye strain, and enhancing the appearance of the eyeglasses. Lenses
with blue light-blocking coatings or materials help reduce eye strain and
potential long-term damage caused by prolonged exposure to digital screens. Many
prescription lenses now come with built-in UV protection to safeguard the eyes
from harmful ultraviolet rays. These lenses automatically darken in response to
UV light and lighten in indoor or low-light conditions, providing convenience
and protection against sunlight. Advanced coatings make lenses more durable and
less prone to scratching, prolonging their lifespan. These coatings repel
water, oil, and dirt, keeping the lenses clean and clear even in challenging
conditions.
Lenses made from
impact-resistant materials, such as Trivex and polycarbonate, offer greater
safety and durability, making them suitable for sports and safety eyewear. Advanced
lens designs provide smooth transitions between different prescription
strengths for distance, intermediate, and near vision. They offer more natural
and comfortable vision correction for presbyopia. Specialized lenses and
treatments are available to slow the progression of myopia in children and
adolescents, such as orthokeratology (Ortho-K) lenses and multifocal soft
lenses. Ongoing research and development are focused on smart lenses with
features like augmented reality (AR) displays and heads-up information for
various applications, including healthcare and sports. The eyewear industry is
exploring eco-friendly materials and production processes to create more
sustainable prescription lenses, addressing environmental concerns. This factor
will help in the development of the Global Prescription Lens Market.
Rising Digital
Device Usage
Prolonged use of digital
devices, such as smartphones, tablets, and computers, can lead to digital eye
strain or computer vision syndrome. This condition causes symptoms like
eyestrain, headaches, and blurred vision, prompting individuals to seek prescription
lenses to alleviate these issues. Digital devices are typically used at close
distances, which can place a higher demand on the eye's focusing system. This
can lead to an increased need for prescription lenses to correct for
nearsightedness or astigmatism. As individuals age, they often develop
presbyopia, which impairs their ability to focus on close-up objects. People in
their 40s and beyond may require reading glasses or multifocal lenses to view
digital screens comfortably.
The pervasive use of
digital devices in work, education, entertainment, and communication has led to
a substantial increase in screen time. More screen time equates to a higher
risk of developing vision issues, fueling the demand for prescription lenses. Research
suggests a correlation between increased screen time, especially in childhood,
and a higher risk of myopia (nearsightedness). Individuals with myopia often
require prescription lenses for distance vision, such as when viewing digital
screens. The need to frequently shift focus between digital screens and other
tasks has driven the demand for multifocal or progressive lenses, which allow
individuals to view both near and distant objects clearly.
The blue light emitted by
digital screens has raised concerns about its potential impact on eye health.
Some prescription lenses now incorporate blue light-blocking coatings to reduce
the strain associated with prolonged screen use. Many individuals who
experience digital eye strain or related symptoms undergo regular eye exams.
Eye care professionals often recommend prescription lenses tailored to their
specific needs, including anti-reflective coatings for reducing glare. Clear
vision is essential for professional work and educational endeavors, and
prescription lenses help individuals perform optimally and comfortably in these
settings. Growing awareness of digital eye strain and the importance of eye
health has encouraged individuals to seek vision correction through
prescription lenses. Technological innovations in lens design and materials
have improved the comfort and visual clarity of prescription lenses, making
them more appealing for digital device users. This factor will pace up the
demand of the Global Prescription Lens Market.
Increasing
Awareness of Eye Health
Increased awareness of the
importance of eye health encourages individuals to schedule regular eye exams
with optometrists and ophthalmologists. These examinations often result in the
prescription of corrective lenses when vision issues are detected. Regular eye
check-ups help detect vision problems at an early stage, which enables prompt
treatment and correction. The awareness of the benefits of early detection and
correction drives the demand for prescription lenses. Many individuals are
proactively seeking eye care as a form of preventative healthcare. They
understand that addressing vision issues promptly can prevent further
complications and discomfort, leading to the use of prescription lenses. As
people become more aware of digital eye strain associated with prolonged screen
time, they are increasingly seeking prescription lenses to alleviate eye
discomfort and fatigue.
Awareness of the potential
harm caused by ultraviolet (UV) rays to the eyes has driven demand for
prescription lenses with built-in UV protection, especially in sunglasses and
outdoor eyewear. With the growing awareness of the potential negative effects
of blue light from digital screens, there is an increased demand for
prescription lenses with blue light-blocking coatings to reduce eye strain and
discomfort. The aging population is more aware of age-related vision changes
and the need for vision correction. As individuals age, they become more
proactive in seeking prescription lenses to maintain good vision. Parents are
increasingly aware of the importance of regular eye exams for their children.
The early detection of vision problems in children often leads to the
prescription of corrective lenses to address issues like myopia.
Educational programs and
public health campaigns often focus on promoting eye health and regular eye
check-ups, increasing awareness of the need for prescription lenses when vision
issues are present. Information about eye health and vision correction is
readily available through various media, including the internet, healthcare
providers, and public awareness campaigns. This information empowers
individuals to make informed decisions about their eye health. Awareness of the
importance of clear vision for professional success and social interactions
drives the demand for prescription lenses, ensuring individuals can perform
optimally and comfortably in various aspects of their lives. Good vision is
closely associated with a higher quality of life, independence, and overall
well-being. Individuals are more aware of how prescription lenses can enhance
their quality of life by providing clear and comfortable vision. This factor
will accelerate the demand of the Global Prescription Lens Market.
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Key Market
Challenges
Market Saturation
In many mature markets, a
significant portion of the population already wears prescription lenses,
leading to a plateau in new customer acquisition. A substantial portion of
individuals with refractive vision problems have already received vision
correction. This includes individuals with myopia, hyperopia, astigmatism, and
presbyopia. Prescription lenses have a relatively long product lifespan, and
consumers do not need to replace them frequently, further limiting the number
of new customers entering the market.
Eye care professionals
often establish long-term relationships with patients. Once a patient has
obtained prescription lenses, they tend to return for replacements and
follow-up appointments, but this may not significantly expand the customer
base. In mature markets, the population growth rate is typically low. As a
result, there may be limited potential for significant market expansion. Certain
geographic regions, particularly urban and suburban areas, may have a higher
saturation level than rural areas, where access to eye care professionals can
be limited. Intense competition in the prescription lens market can lead to
price pressure, reducing profit margins and making it challenging for companies
to grow. Some individuals with vision issues may opt for alternative solutions,
such as contact lenses or refractive surgery, instead of traditional
prescription lenses.
Counterfeit
Products
Counterfeit prescription
lenses may not meet the safety and quality standards required for genuine
products. These substandard lenses can lead to discomfort, poor vision
correction, and even eye health risks. Wearing counterfeit prescription lenses
can harm the eyes and may lead to eye infections, irritation, or even more
severe eye conditions, risking the wearer's vision and overall eye health. Consumers
may unknowingly purchase counterfeit prescription lenses, believing them to be
genuine. This can lead to dissatisfaction, frustration, and damage to the
reputation of legitimate brands.
Counterfeit products
divert sales and profits away from legitimate manufacturers and distributors,
resulting in financial losses and harming the growth of the genuine
prescription lens market. The presence of counterfeit products can damage the
reputation of established and reputable prescription lens manufacturers,
causing consumers to question the authenticity and quality of genuine products.
Counterfeit products create confusion in the marketplace, making it difficult
for consumers to distinguish between genuine and fake prescription lenses. This
can undermine trust in the industry. Counterfeit prescription lenses infringe
upon the intellectual property rights of legitimate manufacturers, impacting
innovation and research efforts. The sale of counterfeit prescription lenses
may encourage illegal and unregulated distribution channels, raising concerns
about consumers' safety and well-being.
Key Market Trends
Customization
The most fundamental
aspect of customization involves crafting prescription lenses that precisely
match an individual's vision correction needs. This includes addressing
conditions such as myopia, hyperopia, astigmatism, and presbyopia with
precision. Consumers can select the material and coatings that best suit their
lifestyle and preferences. Options include high-index materials for thinner
lenses, anti-reflective coatings for reduced glare, and blue light-blocking
coatings for digital eye strain relief. Customization extends to the design of
the lens. Consumers can choose from single vision lenses, multifocals,
progressives, and other specialized designs that align with their specific
visual requirements. Customized lenses can be tailored to fit specific frame
styles, ensuring a comfortable and aesthetically pleasing fit. This is
particularly important for rimless or semi-rimless frames.
Many consumers seek
customized prescription lenses that align with their fashion preferences.
Customization options include lens color, tints, and personalized engravings. Consumers
can opt for customized blue light filters that cater to their level of exposure
to digital screens and other sources of blue light. Customization allows for
the selection of materials and thicknesses to make lenses as thin and
lightweight as possible while ensuring effective vision correction.
Segmental
Insights
Type Insights
In 2024, the Global Prescription Lens Market largest
share was held by single vision prescription lens segment and is predicted to
continue expanding over the coming years. Single vision prescription lenses are versatile and
can address a broad range of vision issues, including myopia (nearsightedness),
hyperopia (farsightedness), and astigmatism. They are suitable for individuals
with a single vision correction need, making them applicable to a large portion
of the population. Many individuals have vision conditions that only require
correction for one specific distance, either for near or distance vision. This
prevalence of single vision conditions drives the demand for single vision
lenses. Vision problems such as myopia typically develop at a young age, and
individuals often require correction early in life. Single vision lenses are
the most common choice for children and teenagers, contributing to the
dominance of this segment. While progressive or multifocal lenses are used to
correct presbyopia (the age-related loss of near vision), a significant portion
of the population still prefers single vision lenses for specific tasks, such
as reading. This maintains demand for single vision lenses even in older age groups.
Single vision lenses tend to be more affordable than multifocal lenses, making
them an economical choice for individuals who require vision correction for a
single distance.
According to MJH Life Sciences, in April 2021, Presbyopia, affecting 128 million Americans, is increasingly common. As millennials age, with 73 million turning 40, and Generation X, numbering 61 million aged 41 to 56, the pool of potential presbyopes expands significantly.
Application Insights
In 2024, the Global Prescription Lens Market largest
share was held by myopia segment and is predicted to continue expanding over
the coming years. Myopia is one of the most common vision
problems globally. It affects a significant portion of the population,
especially in urbanized areas. As a result, there is a substantial and
consistent demand for prescription lenses to correct myopia. Myopia often
develops during childhood or adolescence and tends to progress over time. This
means that individuals with myopia typically require corrective lenses from a
young age, ensuring a continuous market for these lenses. With the
proliferation of digital devices, more people, including children and
teenagers, are spending extended hours on screens. This has been associated
with a higher risk of myopia development and progression, further driving the
need for corrective lenses. Myopia can impact academic and professional
performance, so individuals with myopia are more likely to seek vision
correction to excel in their studies and careers. This drives the demand for
prescription lenses. There is generally greater awareness of myopia and the
importance of early correction. Access to eye care professionals and
prescription lenses is relatively easy, especially in urban areas. Advances in
lens technology have made it possible to provide myopic individuals with
thinner and more lightweight lenses, increasing comfort and aesthetics. These
improvements have encouraged more people to opt for myopia-correcting lenses.
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Regional Insights
The North
America region dominates the Global Prescription Lens Market in 2024. North
America, particularly the United States, has a sizable and relatively affluent
population. This means there is a significant market for prescription lenses as
more people can afford vision correction products. The United States has one of
the highest healthcare spending rates in the world. This includes spending on
eye care and vision correction, which contributes to the growth of the
prescription lens market. North America has been a hub for technological
innovations in the eyewear industry. It's home to several major eyewear and
lens manufacturers, which often lead in developing and adopting new technologies
in lens design and production. North America has a well-established network of
eye care professionals, including optometrists and ophthalmologists. This makes
it easier for individuals to access eye exams and get prescription lenses. Many
individuals in North America have health insurance that covers vision care,
making it more affordable for them to purchase prescription lenses.
Recent
Developments
- In April 2024, Ray-Ban is expanding its Meta smart glasses collection with new designs aimed at fitting a wider variety of facial shapes. These updated styles are designed to be compatible with prescription lenses.
- In September 2023, IbisVision, a company based in
Scotland, has introduced its online eye care technology at Vision Expo West,
enabling optometrists to remotely determine prescription lenses. The recently
launched IbisConnect platform relies on an internet connection and a
cost-effective proprietary remote refraction tool, offering an expanded set of
11 distinct eye exams compared to its initial single test. This intuitive
interface yields high-quality patient readings, building upon IbisVision's
existing internet platform.
- In September 2023, Zenni Optical, a prominent
online eyewear retailer globally, has entered a partnership with Meta to supply
VR prescription lens inserts designed for the Meta Quest 3 headset. These Zenni
VR Prescription Lenses for Meta Quest 3 are specifically crafted to fit the
Meta Quest 3, providing a seamless and comfortable VR experience at an
affordable cost. They cater to the 66% of American adults who require
corrective eyewear. These lenses are lightweight, cost-effective, simple to
install, and customized to each user's unique prescription. Zenni's VR
Prescription Lenses enhance the viewing experience, eliminating the need for
wearing glasses during VR use.
- In April 2023, Essilor Ltd has launched a new digital
media campaign for its Varilux brand with the aim of increasing awareness of
these lenses among individuals with presbyopia. The company has created digital
assets that are accessible for eye care professionals (ECPs) to download and
use on their social media platforms to highlight the advantages of Varilux
lenses to a target audience aged 40 and older, who may find progressive lenses
beneficial. The campaign is anticipated to generate over 42 million ad
impressions, with an estimated 191,000 clicks on the advertisement, as
disclosed by the company.
Key Market
Players
- Essilor Ltd
- ZEISS Group
- HOYA Corp.
- VISION EASE
- SEIKO OPTICAL
PRODUCTS CO., LTD.
- Privé Revaux
- Vision Rx Lab
|
By
Type
|
By Application
|
By
Coating
|
By
Region
|
- Single
Vision
- Bifocal
- Convex
- Concave
- Cylindrical
- Progressive
- Workspace
Progressives
- Trifocal
|
- Myopia
- Astigmatism
- Hyperopia/Hypermetropia
- Presbyopia
|
- Anti-Reflective
- Scratch
Resistant Coating
- Anti-Fog
Coating
- Ultraviolet
Treatment
|
- North
America
- Asia-Pacific
- Europe
- South
America
- Middle
East & Africa
|
Report
Scope:
In this report, the Global
Prescription Lens Market has been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
- Prescription Lens Market, By Type:
o Single
Vision
o Bifocal
o Convex
o Concave
o Cylindrical
o Progressive
o Workspace
Progressives
o Trifocal
- Prescription Lens Market, By Application:
o Myopia
o Astigmatism
o Hyperopia/Hypermetropia
o Presbyopia
- Prescription Lens Market, By Coating:
o Anti-Reflective
o Scratch
Resistant Coating
o Anti-Fog
Coating
o Ultraviolet
Treatment
- Prescription Lens Market, By Region:
o North
America
§ United
States
§ Canada
§ Mexico
o Asia-Pacific
§
China
§ India
§ South
Korea
§ Australia
§ Japan
o Europe
§ Germany
§ France
§ United Kingdom
§ Spain
§ Italy
o South
America
§ Brazil
§ Argentina
§ Colombia
o Middle
East & Africa
§ South
Africa
§ Saudi
Arabia
§ UAE
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies presents
in the Global Prescription Lens Market.
Available
Customizations:
Global Prescription
Lens Market report with the given market data, Tech Sci Research offers
customizations according to a company's specific needs. The following
customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
Global Prescription
Lens Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at sales@techsciresearch.com