Market Overview:
The global eco-friendly lens market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about the benefits of using eco-friendly lenses and rising demand for premium eyewear products. In terms of type, clear lenses are expected to dominate the market during the forecast period, followed by photochromic lenses and others. In terms of application, glasses stores are expected to account for a major share of the global eco-friendly lens market during the forecast period, followed by ophthalmology hospitals and others. North America is estimated to be one of the leading markets for eco-friendly lenses in 2018.
Product Definition:
Eco-Friendly Lens is a lens that is made up of biodegradable materials. It helps in reducing the environmental impact by breaking down naturally over time.
Clear Lenses:
Clear lenses are made by removing the natural coating from the glass. The removal of this coating allows more light to pass through resulting in a brighter lens and reduces or eliminates reflections that can reduce visual impact and clarity. This makes them ideal for use in daily usage as well as for fashion purposes, since they eliminate the need for any type of frame or case around the lens.
Photochromic Lenses:
Photochromic lenses are a type of lens that darken when exposed to UV light and re-appear clear when indoors lighting is sufficient. The technology was first developed for military applications where it was used in protective eye wear for pilots during World War II. Photochromic lenses have been gaining popularity as an alternative to regular sunglasses due to their eco-friendly nature, which is expected to drive the photochromic lens market over the forecast period.
Application Insights:
Glasses stores accounted for the largest share of over 40.0% in 2017 and is anticipated to maintain its lead over the forecast period. The increasing number of online glasses stores has also been a major factor driving the segment growth. Eco-friendly lenses are being widely used in fashionable frames, which results in high demand at eyewear shops across the world.
The ophthalmology hospitals segment is expected to register significant growth during the forecast period owing to rising awareness about vision care among patients and their families, resulting in increased spending on eye exams and treatments at hospitals/clinics. Moreover, an increase in disposable income levels coupled with changing lifestyles has resulted in a rise in ophthalmic diseases that require lens replacement or correction, thereby fueling product demand globally over recent years.
Other applications include personal computers & laptops as well as automobiles & transport vehicles (such as cars).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to rising disposable income, increasing awareness about vision correction procedures, and growing demand for spectacles among people of all age groups in countries such as China, India, Japan & South Korea. In addition, increasing medical tourism due to affordable healthcare services offered by developed nations such as Australia is anticipated to drive growth across this region.
Europe accounted for a significant share of revenue in 2017 owing to growing ophthalmic care facilities coupled with high prevalence of myopia amongst children & teenagers along with adults. According to European Myopia Prevention Group (EMPG), every year around 3 million children under 15 years of age suffer from myopia amongst which 1 million are suffering from severe forms thus requiring treatment at an early stage so that they do not develop into full-blown cases of blindness known as proliferative diabetic retinopathy (PDR).
Growth Factors:
- Increasing awareness about the benefits of eco-friendly lenses: There is a growing awareness among people about the benefits of using eco-friendly lenses. This is driving demand for these lenses, as more and more people are looking for ways to reduce their environmental impact.
- Rising demand from developing countries: A large number of developing countries are witnessing rapid growth in the population and economy. This is resulting in an increase in demand for eyeglasses and contact lenses, which is benefiting the eco-friendly lens market.
- Technological advancements: The development of new technologies has helped improve the quality and performance of eco-friendly lenses, thus boosting their popularity among consumers.
- Growing preference for natural products: There is a growing preference among consumers for natural products that do not harm the environment. This is providing a major boost to sales of eco-friendly lenses worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Eco-Friendly Lens Market Research Report
By Type
Clear Lenses, Photochromic Lenses, Others
By Application
Glasses Stores, Ophthalmology Hospitals, Others
By Companies
Essilor, Johnny Fly, Airware, Kleerspex, Andrew Winston, Sabae Technology, Essilor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Eco-Friendly Lens Market Report Segments:
The global Eco-Friendly Lens market is segmented on the basis of:
Types
Clear Lenses, Photochromic Lenses, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Glasses Stores, Ophthalmology Hospitals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Essilor
- Johnny Fly
- Airware
- Kleerspex
- Andrew Winston
- Sabae Technology
- Essilor
Highlights of The Eco-Friendly Lens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Clear Lenses
- Photochromic Lenses
- Others
- By Application:
- Glasses Stores
- Ophthalmology Hospitals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eco-Friendly Lens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eco-friendly lenses are made from materials that are environmentally friendly and do not harm the environment.
Some of the major players in the eco-friendly lens market are Essilor, Johnny Fly, Airware, Kleerspex, Andrew Winston, Sabae Technology, Essilor.
The eco-friendly lens market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eco-Friendly Lens Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Eco-Friendly Lens Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Eco-Friendly Lens Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Eco-Friendly Lens Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Eco-Friendly Lens Market Size & Forecast, 2018-2028 4.5.1 Eco-Friendly Lens Market Size and Y-o-Y Growth 4.5.2 Eco-Friendly Lens Market Absolute $ Opportunity
Chapter 5 Global Eco-Friendly Lens Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Eco-Friendly Lens Market Size Forecast by Type
5.2.1 Clear Lenses
5.2.2 Photochromic Lenses
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Eco-Friendly Lens Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Eco-Friendly Lens Market Size Forecast by Applications
6.2.1 Glasses Stores
6.2.2 Ophthalmology Hospitals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eco-Friendly Lens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Eco-Friendly Lens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Eco-Friendly Lens Analysis and Forecast
9.1 Introduction
9.2 North America Eco-Friendly Lens Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Eco-Friendly Lens Market Size Forecast by Type
9.6.1 Clear Lenses
9.6.2 Photochromic Lenses
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Eco-Friendly Lens Market Size Forecast by Applications
9.10.1 Glasses Stores
9.10.2 Ophthalmology Hospitals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Eco-Friendly Lens Analysis and Forecast
10.1 Introduction
10.2 Europe Eco-Friendly Lens Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Eco-Friendly Lens Market Size Forecast by Type
10.6.1 Clear Lenses
10.6.2 Photochromic Lenses
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Eco-Friendly Lens Market Size Forecast by Applications
10.10.1 Glasses Stores
10.10.2 Ophthalmology Hospitals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Eco-Friendly Lens Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Eco-Friendly Lens Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Eco-Friendly Lens Market Size Forecast by Type
11.6.1 Clear Lenses
11.6.2 Photochromic Lenses
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Eco-Friendly Lens Market Size Forecast by Applications
11.10.1 Glasses Stores
11.10.2 Ophthalmology Hospitals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Eco-Friendly Lens Analysis and Forecast
12.1 Introduction
12.2 Latin America Eco-Friendly Lens Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Eco-Friendly Lens Market Size Forecast by Type
12.6.1 Clear Lenses
12.6.2 Photochromic Lenses
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Eco-Friendly Lens Market Size Forecast by Applications
12.10.1 Glasses Stores
12.10.2 Ophthalmology Hospitals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Eco-Friendly Lens Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Eco-Friendly Lens Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Eco-Friendly Lens Market Size Forecast by Type
13.6.1 Clear Lenses
13.6.2 Photochromic Lenses
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Eco-Friendly Lens Market Size Forecast by Applications
13.10.1 Glasses Stores
13.10.2 Ophthalmology Hospitals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Eco-Friendly Lens Market: Competitive Dashboard
14.2 Global Eco-Friendly Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Essilor
14.3.2 Johnny Fly
14.3.3 Airware
14.3.4 Kleerspex
14.3.5 Andrew Winston
14.3.6 Sabae Technology
14.3.7 Essilor