Spectacle Lens Market

Executive Summary

Spectacle Lens Market was valued at US $48.02 billion in 2021 and is projected to grow at 6.00% CAGR over the forecast period to reach US $68.14 billion by 2027. Spectacle Lens Market represented US $5.29 billion opportunity over 2019-2021 and estimated to create US $20.12 billion opportunity in 2027 over 2021.

Spectacle Lens from Consainsights analyses the Spectacle Lens Market in the Life Sciences industry over the forecast period to 2027.

Spectacle Lens research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Spectacle Lens segmentation includes Type, Coating Type, Usage and Geography.

Based on the Type, the Spectacle Lens analysis covers Single Vision, Bifocal, Trifocal, Progressive.

In Type segment, Single Vision segment has highest cagr growth of 5.32%.

Based on the Coating Type, the Spectacle Lens analysis covers Anti-reflective Coating, Scratch-resistant Coating, Anti-fog Coating, UV Protection, Other Coatings.

In Coating Type segment, Anti-reflective Coating segment has highest cagr growth of 5.32%.

Based on the Usage, the Spectacle Lens analysis covers Prescription Glass, OTC Reading Glass.

In Usage segment, Prescription Glass segment has highest cagr growth of 5.32%.

Based on the region, the Spectacle Lens analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Carl Zeiss Meditec AG, Essilor International SA, GKB Ophthalmics Ltd, Hoya Vision Care Company, Rodenstock GmbH, Seiko Optical Products Co. Ltd, Nikon Corporation and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Single Vision segment has the highest revenue of US $25.22 billion and is expected to grow at CAGR of 5.32% by 2027 Single Vision segment has highest cagr growth of 5.32%.

Single Vision

Single Vision segment was valued at US $22.45 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $35.79 billion by 2027. Single Vision segment represented US $2.78 billion opportunity over 2019-2021 and estimated to create US $10.57 billion opportunity in 2027 over 2021.

Bifocal

Bifocal segment was valued at US $9.72 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $15.49 billion by 2027. Bifocal segment represented US $1.20 billion opportunity over 2019-2021 and estimated to create US $4.57 billion opportunity in 2027 over 2021.

Trifocal

Trifocal segment was valued at US $8.87 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $14.15 billion by 2027. Trifocal segment represented US $1.10 billion opportunity over 2019-2021 and estimated to create US $4.18 billion opportunity in 2027 over 2021.

Progressive

Progressive segment was valued at US $1.70 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $2.71 billion by 2027. Progressive segment represented US $0.21 billion opportunity over 2019-2021 and estimated to create US $0.80 billion opportunity in 2027 over 2021.

Coating Type

Introduction

In 2021, Anti-reflective Coating segment has the highest revenue of US $20.19 billion and is expected to grow at CAGR of 5.32% by 2027 Anti-reflective Coating segment has highest cagr growth of 5.32%.

Anti-reflective Coating

Anti-reflective Coating segment was valued at US $17.97 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $28.65 billion by 2027. Anti-reflective Coating segment represented US $2.22 billion opportunity over 2019-2021 and estimated to create US $8.46 billion opportunity in 2027 over 2021.

Scratch-resistant Coating

Scratch-resistant Coating segment was valued at US $10.42 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $16.62 billion by 2027. Scratch-resistant Coating segment represented US $1.29 billion opportunity over 2019-2021 and estimated to create US $4.91 billion opportunity in 2027 over 2021.

Anti-fog Coating

Anti-fog Coating segment was valued at US $6.61 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $10.54 billion by 2027. Anti-fog Coating segment represented US $0.82 billion opportunity over 2019-2021 and estimated to create US $3.11 billion opportunity in 2027 over 2021.

UV Protection

UV Protection segment was valued at US $4.04 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $6.44 billion by 2027. UV Protection segment represented US $0.50 billion opportunity over 2019-2021 and estimated to create US $1.90 billion opportunity in 2027 over 2021.

Other Coatings

Other Coatings segment was valued at US $3.70 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $5.89 billion by 2027. Other Coatings segment represented US $0.46 billion opportunity over 2019-2021 and estimated to create US $1.74 billion opportunity in 2027 over 2021.

Usage

Introduction

In 2021, Prescription Glass segment has the highest revenue of US $38.40 billion and is expected to grow at CAGR of 5.32% by 2027 Prescription Glass segment has highest cagr growth of 5.32%.

Prescription Glass

Prescription Glass segment was valued at US $34.17 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $54.48 billion by 2027. Prescription Glass segment represented US $4.23 billion opportunity over 2019-2021 and estimated to create US $16.08 billion opportunity in 2027 over 2021.

OTC Reading Glass

OTC Reading Glass segment was valued at US $8.56 billion in 2019 and is projected to grow at 5.32% CAGR over the forecast period to reach US $13.66 billion by 2027. OTC Reading Glass segment represented US $1.06 billion opportunity over 2019-2021 and estimated to create US $4.03 billion opportunity in 2027 over 2021.