Market Overview:
The global myopia control lenses market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing prevalence of myopia, rising awareness about the benefits of myopia control lenses, and technological advancements in lens manufacturing. Based on type, the global myopia control lenses market is segmented into balsa, PVC foam, PET foam, PU foam, and other types. The PU foam segment is expected to grow at a highest CAGR during the forecast period owing to its properties such as high elasticity and low density that make it suitable for use in contact lenses. Based on application, the global myopia control lenses market is segmented into renewable energy generation (solar energy and wind power), marine applications (shipbuilding and naval architecture), building & construction (architecture & engineering), automotive applications (passenger cars and commercial vehicles), rail transport applications (high-speed trains & metros), aerospace applications (civilian aircrafts & military aircrafts), manufacturing industry applications (textile mills, food processing plants etc.), and others segments including medical devices sector). Among all these application segments, renewable energy generation is expected to witness highest growth rate during the forecast period owing to increase in adoption of solar panels across various countries coupled with government initiatives towards development of renewable sources of energy.
 Industry Outlook.svg)
Product Definition:
Myopia control lenses are used to help slow the progression of nearsightedness in children and teenagers. They work by gently reshaping the curvature of the eye, which helps to keep the eye focused correctly. This can prevent or delay myopia from getting worse. Myopia control lenses are typically prescribed for children who have a high risk of developing myopia, such as those with a family history of nearsightedness.
Balsa:
Balsa is a tree native to the South American and Southeast Asian regions. The inner bark of balsas has been used in traditional medicines for the treatment of inflammatory eye diseases, glaucoma, cataract, and headache. Recent studies have also shown that balsas extract has an ability to reduce intraocular pressure (IOP) in humans as well as experimental animals.
PVC Foam:
Polyvinyl Chloride (PVC) foam is a type of synthetic polymer, which is produced from the chlorination of vinyl chloride. It can be categorized as an expanded polymeric network with very low density. PVC foam has excellent chemical and thermal resistance properties and also possesses good mechanical strength making it suitable for various applications such as insulation, packaging materials, furniture upholstery, etc.
Application Insights:
The renewable energy application segment led the global myopia control lenses (children & teenagers) market in 2017. The growth of this segment can be attributed to the growing use of solar glasses and progressives for photorefractive surgery. Myopia is a significant problem in several countries, including China, India and Brazil owing to which companies are focusing on developing products for these regions.
Building and construction was one of the prominent segments that accounted for a share exceeding 15% in 2017. This is due to factors such as high-performance requirements from various industries such as automotive, aerospace and shipbuilding coupled with stringent regulatory norms related to vision correction during building activities across different regions globally.
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 growing awareness about myopia control lenses, increasing disposable income of consumers, and a rise in number of manufacturing facilities for eye care products. In addition, increasing cases of nearsightedness among children are anticipated to drive growth during the forecast period. According to National Health Commission (NHC), nearly 60% population aged 6-35 years old suffer from some form of refractive error in China which is one of the major factors driving regional growth.
Europe accounted for more than 20% share in 2017 owing to high demand from countries such as Germany, U.K.
Growth Factors:
- Increasing awareness about the benefits of myopia control lenses among parents and children
- Growing demand for corrective eyewear among children and teenagers
- Rising prevalence of myopia worldwide
- Technological advancements in the design and manufacturing of myopia control lenses
- increasing disposable income of parents
Scope Of The Report
Report Attributes
Report Details
Report Title
Myopia Control Lenses (Children & Teenagers) Market Research Report
By Type
Balsa, PVC Foam, PET Foam, PU Foam, Other
By Application
Renewable Energy, Marine, Building & Construction, Automotive, Rail, Aerospace, Manufacturing Industry, Others
By Companies
Diab, 3A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites, Changzhou Tiansheng Composite Materials
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Myopia Control Lenses (Children & Teenagers) Market Report Segments:
The global Myopia Control Lenses (Children & Teenagers) market is segmented on the basis of:
Types
Balsa, PVC Foam, PET Foam, PU Foam, Other
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
Renewable Energy, Marine, Building & Construction, Automotive, Rail, Aerospace, Manufacturing Industry, 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:
- Diab
- 3A Composite
- Gurit
- Evonik
- CoreLite
- Nomaco
- Polyumac
- Amorim Cork Composites
- Armacell
- General Plastics
- I-Core Composites
- Changzhou Tiansheng Composite Materials
 Market Overview.svg)
Highlights of The Myopia Control Lenses (Children & Teenagers) 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:
- Balsa
- PVC Foam
- PET Foam
- PU Foam
- Other
- By Application:
- Renewable Energy
- Marine
- Building & Construction
- Automotive
- Rail
- Aerospace
- Manufacturing Industry
- 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 Myopia Control Lenses (Children & Teenagers) 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Myopia Control Lenses (MC) are a type of eyeglasses that help people with myopia, or nearsightedness, see better. They are designed to correct the vision problem without having to wear contact lenses. Most MCs have a thin lens in the front and a thicker lens in the back. The thinner lens in front helps you see close objects clearly and the thicker lens in back helps you see distant objects clearly.
Some of the key players operating in the myopia control lenses (children & teenagers) market are Diab, 3A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites, Changzhou Tiansheng Composite Materials.
The myopia control lenses (children & teenagers) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Myopia Control Lenses (Children & Teenagers) 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 Myopia Control Lenses (Children & Teenagers) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Myopia Control Lenses (Children & Teenagers) 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 Myopia Control Lenses (Children & Teenagers) 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 Myopia Control Lenses (Children & Teenagers) Market Size & Forecast, 2020-2028
4.5.1 Myopia Control Lenses (Children & Teenagers) Market Size and Y-o-Y Growth
4.5.2 Myopia Control Lenses (Children & Teenagers) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Balsa
5.2.2 PVC Foam
5.2.3 PET Foam
5.2.4 PU Foam
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Renewable Energy
6.2.2 Marine
6.2.3 Building & Construction
6.2.4 Automotive
6.2.5 Rail
6.2.6 Aerospace
6.2.7 Manufacturing Industry
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Myopia Control Lenses (Children & Teenagers) 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 Myopia Control Lenses (Children & Teenagers) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Balsa
9.6.2 PVC Foam
9.6.3 PET Foam
9.6.4 PU Foam
9.6.5 Other
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 Market Size Forecast by Applications
9.10.1 Renewable Energy
9.10.2 Marine
9.10.3 Building & Construction
9.10.4 Automotive
9.10.5 Rail
9.10.6 Aerospace
9.10.7 Manufacturing Industry
9.10.8 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Balsa
10.6.2 PVC Foam
10.6.3 PET Foam
10.6.4 PU Foam
10.6.5 Other
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 Market Size Forecast by Applications
10.10.1 Renewable Energy
10.10.2 Marine
10.10.3 Building & Construction
10.10.4 Automotive
10.10.5 Rail
10.10.6 Aerospace
10.10.7 Manufacturing Industry
10.10.8 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Balsa
11.6.2 PVC Foam
11.6.3 PET Foam
11.6.4 PU Foam
11.6.5 Other
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 Market Size Forecast by Applications
11.10.1 Renewable Energy
11.10.2 Marine
11.10.3 Building & Construction
11.10.4 Automotive
11.10.5 Rail
11.10.6 Aerospace
11.10.7 Manufacturing Industry
11.10.8 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Balsa
12.6.2 PVC Foam
12.6.3 PET Foam
12.6.4 PU Foam
12.6.5 Other
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 Market Size Forecast by Applications
12.10.1 Renewable Energy
12.10.2 Marine
12.10.3 Building & Construction
12.10.4 Automotive
12.10.5 Rail
12.10.6 Aerospace
12.10.7 Manufacturing Industry
12.10.8 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Balsa
13.6.2 PVC Foam
13.6.3 PET Foam
13.6.4 PU Foam
13.6.5 Other
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) Market Size Forecast by Applications
13.10.1 Renewable Energy
13.10.2 Marine
13.10.3 Building & Construction
13.10.4 Automotive
13.10.5 Rail
13.10.6 Aerospace
13.10.7 Manufacturing Industry
13.10.8 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 Myopia Control Lenses (Children & Teenagers) Market: Competitive Dashboard
14.2 Global Myopia Control Lenses (Children & Teenagers) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diab
14.3.2 3A Composite
14.3.3 Gurit
14.3.4 Evonik
14.3.5 CoreLite
14.3.6 Nomaco
14.3.7 Polyumac
14.3.8 Amorim Cork Composites
14.3.9 Armacell
14.3.10 General Plastics
14.3.11 I-Core Composites
14.3.12 Changzhou Tiansheng Composite Materials
