Market Overview:
The global lens market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. The type segment includes monofocal lenses, bifocal lenses, trifocal lenses, progressive multifocal lenses, and others. The application segment includes consumer goods, astronomy, bio-pharmaceuticals and others. Region wise the market is divided into North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U.K.), Asia Pacific (China Japan India South Korea) Middle East & Africa(South Africa Saudi Arabia). Some of the factors that are driving the growth of this market include an increase in geriatric population coupled with rising prevalence of eye disorders; technological advancements in lens manufacturing; growing demand for premium eyewear products;.
Product Definition:
Lens is a piece of optical equipment used to focus light on a particular spot or object. It is an essential part of any camera, and can also be found in other devices that use light, such as telescopes and microscopes.
Monofocal Lenses:
Monofocal lenses are used for nearsightedness, myopia or hypermetropia. They are also used for correcting astigmatism and presbyopia. Monofocal lens is a type of single vision lens that can be changed from one prescription to another depending upon the need of the user.
Bifocal Lenses:
Bifocal lenses are used in the lens market to provide two different vision correction options to its users. These lenses have two distinctively marked diopters, one for distance and one for near vision. Bifocal lens can be categorized into three types: single-focal, trifocal and polyfocal lenses.
Application Insights:
The consumer goods segment held the largest share of over 30.0% in 2017. The growing use of multifocal lenses for correcting vision problems in people with diabetes, myopia, hyperopia and astigmatism is expected to fuel product demand over the forecast period. Moreover, increasing awareness about optical products among consumers is projected to further drive market growth during the study period.
The bio-pharmaceuticals segment accounted for a significant share in 2017 owing to rising usage of contact lenses as an alternative option for patients undergoing chemotherapy or radiation therapy due to eye damage caused due to exposure to harmful rays from sun or other sources such as fluorescent lamps and X-ray machines. In addition, increasing R&D activities pertaining towards development of multifocal contact lens that can be used by patients undergoing cancer treatment is likely fuel industry expansion during the forecast period which ends in 2030 under estimated scenario.
Regional Analysis:
Europe dominated the global market in 2017 owing to an increase in the geriatric population and a rise in cataract surgeries. According to Ophthalmic Services Market Size, Share & Trends Analysis Report By Service (Surgical, Non-surgical), By Country (Germany, U.K.
In 2016, Europe accounted for approximately 29% of the total revenue share globally due to a large number of cataract surgeries performed annually. The region is expected to witness significant growth over the forecast period owingto increasing geriatric population and rising awareness about eye care facilities resulting into high unmet needs regarding blindness prevention programs across countries such as Germany and France among others.
Growth Factors:
- Increasing demand for contact lenses as a result of growing awareness about the benefits of using contacts over eyeglasses
- Rising prevalence of eye disorders and vision problems, especially in developing countries, is expected to fuel demand for corrective lenses in the coming years
- Proliferation of online retailers and e-commerce platforms that offer a wide range of lens products at competitive prices is likely to boost growth prospects for the lens market over the next few years
- Growing popularity of multifocal and progressive lenses among consumers is anticipated to spur demand for these products in the near future
- Technological advancements that lead to development of new types of lenses are likely to create opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Lens Market Research Report
By Type
Monofocal Lenses, Bifocal Lenses, Trifocal Lenses, Progressive Multifocal Lenses, Others
By Application
Consumer Goods, Astronomy, Bio-Pharmaceuticals, Others
By Companies
Largan, Sigma, Kantatsu, Canon, Panasonic, Nikon, Fujifilm, Kenko, Sunny Optical, Olympus
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lens Market Report Segments:
The global Lens market is segmented on the basis of:
Types
Monofocal Lenses, Bifocal Lenses, Trifocal Lenses, Progressive Multifocal 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
Consumer Goods, Astronomy, Bio-Pharmaceuticals, 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:
- Largan
- Sigma
- Kantatsu
- Canon
- Panasonic
- Nikon
- Fujifilm
- Kenko
- Sunny Optical
- Olympus
Highlights of The 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:
- Monofocal Lenses
- Bifocal Lenses
- Trifocal Lenses
- Progressive Multifocal Lenses
- Others
- By Application:
- Consumer Goods
- Astronomy
- Bio-Pharmaceuticals
- 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 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Lens is a free and open source software for managing files, images, and text. It can be used to organize your files by type (images, videos, documents), create folders and subfolders to store your data more efficiently, share files with others easily via email or social media platforms like Dropbox or Google Drive, and access your data from any device.
Some of the major companies in the lens market are Largan, Sigma, Kantatsu, Canon, Panasonic, Nikon, Fujifilm, Kenko, Sunny Optical, Olympus.
The lens market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lens Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lens Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lens Market - Supply Chain
4.5. Global Lens Market Forecast
4.5.1. Lens Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lens Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lens Market Absolute $ Opportunity
5. Global Lens Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lens Market Size and Volume Forecast by Type
5.3.1. Monofocal Lenses
5.3.2. Bifocal Lenses
5.3.3. Trifocal Lenses
5.3.4. Progressive Multifocal Lenses
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lens Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lens Market Size and Volume Forecast by Application
6.3.1. Consumer Goods
6.3.2. Astronomy
6.3.3. Bio-Pharmaceuticals
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lens Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lens Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lens Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lens Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lens Demand Share Forecast, 2019-2026
9. North America Lens Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lens Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lens Market Size and Volume Forecast by Application
9.4.1. Consumer Goods
9.4.2. Astronomy
9.4.3. Bio-Pharmaceuticals
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lens Market Size and Volume Forecast by Type
9.7.1. Monofocal Lenses
9.7.2. Bifocal Lenses
9.7.3. Trifocal Lenses
9.7.4. Progressive Multifocal Lenses
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lens Demand Share Forecast, 2019-2026
10. Latin America Lens Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lens Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lens Market Size and Volume Forecast by Application
10.4.1. Consumer Goods
10.4.2. Astronomy
10.4.3. Bio-Pharmaceuticals
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lens Market Size and Volume Forecast by Type
10.7.1. Monofocal Lenses
10.7.2. Bifocal Lenses
10.7.3. Trifocal Lenses
10.7.4. Progressive Multifocal Lenses
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lens Demand Share Forecast, 2019-2026
11. Europe Lens Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lens Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lens Market Size and Volume Forecast by Application
11.4.1. Consumer Goods
11.4.2. Astronomy
11.4.3. Bio-Pharmaceuticals
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lens Market Size and Volume Forecast by Type
11.7.1. Monofocal Lenses
11.7.2. Bifocal Lenses
11.7.3. Trifocal Lenses
11.7.4. Progressive Multifocal Lenses
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections b Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lens Demand Share, 2019-2026
12. Asia Pacific Lens Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lens Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lens Market Size and Volume Forecast by Application
12.4.1. Consumer Goods
12.4.2. Astronomy
12.4.3. Bio-Pharmaceuticals
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lens Market Size and Volume Forecast by Type
12.7.1. Monofocal Lenses
12.7.2. Bifocal Lenses
12.7.3. Trifocal Lenses
12.7.4. Progressive Multifocal Lenses
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lens Demand Share, 2019-2026
13. Middle East & Africa Lens Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lens Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lens Market Size and Volume Forecast by Application
13.4.1. Consumer Goods
13.4.2. Astronomy
13.4.3. Bio-Pharmaceuticals
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lens Market Size and Volume Forecast by Type
13.7.1. Monofocal Lenses
13.7.2. Bifocal Lenses
13.7.3. Trifocal Lenses
13.7.4. Progressive Multifocal Lenses
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lens Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lens Market: Market Share Analysis
14.2. Lens Distributors and Customers
14.3. Lens Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Largan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sigma
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kantatsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Canon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Panasonic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nikon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fujifilm
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kenko
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sunny Optical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Olympus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
