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Spectacle Lens Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Spectacle Lens Market: By Type (Single vision lenses, Bifocal lenses, Trifocal Lenses, Progressive lenses, Toric Lenses, Prism Lenses); Material (CR-39 Plastic, Polycarbonate, High-index Plastic, Glass, Trivex); Coating (Ultraviolet (UV) Protective, Anti-Reflective Coating (AR Coating), Scratch-Resistant Coating, Blue Light Filtration Coatings, Anti-Fog Coating, Anti-reflective Coating, Others); Application (Reading Glasses, Digital Protection, Safety Glasses, Sunglasses, Non-Prescription (Fake) Glasses); Distribution Channel (Online and Offline); and Region) –Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0522233  | Delivery: 2 to 4 Hours
Spectacle Lens Market

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Report AttributeDetails
Market Size Value in 2022US$ 57.4 Billion
Expected Revenue in 2031US$ 94.1 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR5.8% (2023-2031)
Segments coveredBy Type, By Material, By Coatings, By Application, By Distribution Channel, By Region 
Key Companies                                                                                 Carl Zeiss Meditec AG, Cooper Companies Inc., Essilor International SA, GKB Ophthalmics Ltd, Hoya Corporation, Johnson and Johnson, Nikon Corporation, Rodenstock GmbH, Seiko Optical Products Co. Ltd, Valeant Pharmaceuticals, Vision Ease, Warby Parker, Other Prominent Players
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Global market size of spectacle lens in terms of revenue is US$ 57.4 Billion and in terms of volume is 330.9 Mn Units in 2022. 

Reading Glasses, Digital Protection, Safety Glasses, Sunglasses, and Non-Prescription (Fake) Glasses.

Single vision lenses, Bifocal lenses, Trifocal Lenses, Progressive lenses, Toric Lenses, and Prism Lenses.

Factors such as increasing cases of eye disorders among the elderly population and increasing demand for fashionable eyeglasses among customers are supporting the growth of the spectacle lens market growth.

Customers prefer high-definition lenses, as it improves vision more than regular eyeglasses. HD Lenses offer superior clarity, and sharper, brighter eyesight and helps its users to enjoy 20% wider vision channel for both intermediate and near distances.

Essilor International SA, Hoya Corporation, Carl Zeiss Meditec AG, and GKB Ophthalmics Ltd. are some major players in the global marketspace.

Polycarbonate lens material is the most common material to be used in safety glasses, sports glasses, outdoor eyewear, as well as fashion eyewear.  Its popularity is due to its lightweight, impact-resistant, and virtually shatter-resistant qualities. 

Buying glasses in-store allows customers to interact with actual people and experts which enables better prescription advice. Shopping at optical stores offers customers to try a wide range of spectacles available to them which, helps them to buy the right product for their eyes.

North America holds the highest market share of 36.7% in 2022. 

China occupied the maximum revenue stake in the region. As per the National Health Commission, around 52.7% of children and adolescents in China were found to be suffering from short-sightedness and the overall short-sightedness rate of children and adolescents in China increased by 2.5% in 2020 compared with 2019.

Reading glasses are majorly used worldwide, as it improves the ability to read something up close, such as a book or a computer screen. They are highly in demand among old people and young children who don’t require advanced feature lenses on daily bases and are more into reading and writing.

Lack of required skills, as lens edge technicians require certain important skills and knowledge in various processes involved in cutting, grinding, and polishing eyeglasses, contact lenses, or other precision optical elements.