Prescription Lens Market Size, Trends and Insights By Type (Single Vision, Progressive, Bifocal, Trifocal, Workspace Progressive, Others), By Application (Myopia, Presbyopia, Hyperopia/Hypermetropia, Astigmatism), By Lens Coating (Anti-reflective, Ultraviolet Treatment, Scratch Resistant Coating, Anti-Fog Coating), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- De Rigo (Italy)
- Essilor (France)
- Marcolin SpA. (Italy)
- Safilo Group S.p.A. (Italy)
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Prescription Lens Market Size was valued at USD 45.3 billion in 2021 and is expected to reach USD 46.45 billion in 2022, is estimated to reach USD 65.62 billion by the end of 2030 at a CAGR of approximately 5.6% during the forecast period 2022-2030.
The rapidly increasing number of cases of vision impairment has boosted the market for prescription lenses. A considerable number of people worldwide use digital devices for an extended period, either for work or for entertainment which hampers the quality of vision and creates refractive errors over time. Most cases suffer from vision impairment or go unnoticed during the early stages when it can be corrected successfully using proper prescription lenses. However, over an extended period, the refractive error keeps on increasing and becomes a significant disorder that hampers the clarity and quality of vision to a great extent. Various organizations are making multiple efforts to reduce the prevalence of vision impairment among people.
The pandemic outbreak had a considerable impact on the prescription lens market as the continuous flow of patients was disrupted due to the lockdown and restrictions imposed by the government to control the spread of infection. In addition, regular follow-ups were hampered due to the various constraints imposed by the government, which increased the prevalence of visual impairment among the people.
Growth Factors
The increasing number of people suffering from refractive errors in the market has emerged as a significant growth factor for the prescription lenses market, which is expected to continue similarly in the future. Furthermore, the various options available regarding the sizes and shapes of prescription lenses make it a prime opportunity for the market’s growth during the forecast period.
The different Types of prescription lenses are available according to the practical condition of the person, and this provides an excellent market to present considerable growth over the period. Furthermore, multiple glasses options are available in need, which suits the professional field of the individual and hence helps the market to record a considerable revenue over the period. In addition, the long working hours imposed by multinational companies prove to be a significant growth factor for the market.
Segmental Insights
Segmentation of the prescription lens market based on TypeType
Based on TypeType, the single-vision prescription lens segment has emerged as the largest market by acquiring around 25% of the total share in the global market due to the rapidly increasing demand among the people. The key market players are conducting research and development programs constantly to introduce single-vision types of prescription lenses to correct refractive errors. As a result, people aged 40 and above usually choose single-vision prescription lenses compared to other options such as trifocals, bifocal and progressive lenses.
The single-vision Type of prescription lenses is considered an effective alternative for reading and on-screen work about the comfort they provide while maintaining a particular posture for work. The development of computer vision syndrome is a common complication observed among most people.
The peripheral vision is enhanced considerably with a single-vision lens which is quite different from the usage of bifocal, progressive lenses, and trifocal lenses. The use of advanced progressive lenses, which provide a wider field of vision, poses a higher level of clarity and thus proved to be more efficient than the other available options. This has a direct impact on the rapid growth of the segment and is expected to perform similarly in the future as well.
The growth of progressive lenses is considered to be faster than the other options available in the market in the future. No-line bifocal Types of lenses are another name for progressive lenses as they do not showcase the presence of a bifocal lens. Instead, the two types of lenses are combined in a single frame. It provides a youthful appearance by enhancing the functionality of the entire product and hence has emerged as the most popular TypeType of prescription lens available in the market among the people.
The workspace type of progressive lens is foreseen to project considerable growth during the forecast period. The vast sales and supply experienced in the market of the massive number of people belonging to the working class has emerged as a significant growth factor for this segment.
Segmentation of prescription lenses based on Application
Based on ApplicationApplication, the segment of myopia has emerged as the largest market due to its extensive share of around 30% in the global market, which is expected to boost further in the coming times. The increasing number of people with myopia has emerged as a significant growth factor for the prescription lenses market, which is expected to grow. As per the study conducted by the WHO, approximately 33 per cent of the total population globally suffered from this disorder, which is attributed to the market’s growth. Many patients have myopia in East Asia, consisting of the Republic of Korea, China, Japan, and Singapore. Around 50% of patients with intolerance belong to this region of the world and hence contribute significantly to the growth of the prescription lens market.
Various centres have been established to manage the increasing number of myopia patients to spread awareness for preventing the causative factors which lead to myopia. The number of patients with intolerance is increasing rapidly worldwide, which is a significant reason for the growth of the prescription lens market. The condition of presbyopia is also emerging as a huge market due to the rapidly increasing number of patients who belong to the senior population.
The blurring of the vision has become a widespread problem among people about the increased use of digital devices and screens, which hampers the quality of sight to a great extent. The next segment considered under this category is hyperopia, which has contributed significantly to the market’s growth and is commonly found in young children. An early diagnosis and management of hyperopia are necessary for treating the condition so that other complications are not developed in the future. The use of a convex lens has been observed as a suitable solution that helps to manage the condition to a great extent. Anti-reflective Coating is applied on the convex lenses, which form the best prescription lenses for the person suffering from hyperopia.
Segmentation of prescription lenses based on Coating
Based on Coating, the segment of anti-reflective Coating has emerged as the largest market due to the increasing demand for high-quality prescription lenses among potential consumers. The quality of prescription lenses is enhanced considerably with the anti-reflective coat, which attracts potential consumers worldwide for the premium experience it offers while using.
The various advantages obtained with the usage of anti-reflective lenses make them a primary choice among potential consumers worldwide. First, it provides protection against bright light and harmful radiations from the display screens, which hampers the quality of vision in the long run.
An anti-reflective layer helps to nullify the blue light emitted from digital devices’ screens, which allows the eye to maintain its quality of vision and provides maximum protection in the long run. Third, these lenses automatically reduce the contrast of the picture observed on the digital device and provide better region clarity. These lenses emerge as a primary choice among potential consumers for night vision which helps them to drive appropriately by avoiding multiple distractions created by bright focus lights from the opposite vehicles.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 45.3 billion |
| Projected Market Size in 2030 | USD 65.62 billion |
| CAGR Growth Rate | 5.6% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | De Rigo (Italy), Essilor (France), Marcolin SpA. (Italy), Safilo Group S.p.A. (Italy), LUXOTTICA GROUP PIVA (U.S.), Marchon Eyewear Inc. (U.S.), Pivothead (U.S.), Specsavers (U.S.), ZEISS International (India), Hoya Vision Care Company (U.S.), CHARMANT USA Inc (U.S.), XIAMEN ASA SUNGLASSES CO. LTD. (China), Privé Revaux (U.S.), Seiko Optical Products Co. Ltd. (U.S.), and Others |
| Key Segment | By Type (Single Vision, Progressive, Bifocal, Trifocal, Workspace Progressive, Others), By Application (Myopia, Presbyopia, Hyperopia/Hypermetropia, Astigmatism), By Lens Coating (Anti-reflective, Ultraviolet Treatment, Scratch Resistant Coating, Anti-Fog Coating)3, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
Based on geography, the region of Asia Pacific has emerged as the largest market due to the significant number of patients suffering from multiple vision-related disorders due to the long working hours. Furthermore, rapid modernization has been observed in this region as it is developing, which forms a significant reason for the long working hours followed by the people. In addition, constant exposure to the screens of digital devices hampers the quality of vision and clarity, which needs to be managed with the help of prescription lenses.
The countries that contribute significantly to the market’s growth include Japan, the Republic of Korea, Singapore, and China, which hold a considerable share of the global market of prescription lenses. The key market players in these regions emerge as another significant reason for the growth of the prescription lens market over the period. In addition, the vast number of patients suffering from refractive errors has also emerged as a significant growth factor for the prescription lenses market, which is expected to continue similarly in the future.
The region of North America has emerged as the next largest market for prescription lenses due to the massive number of people suffering from presbyopia and myopia. In addition, people in this region have seen an increase in disposable income, making it possible for them to opt for advanced lenses that provide better features and vision quality. The part of Europe is also expected to show considerable growth over the period due to the various measures taken by the government to enhance the healthcare system to provide better facilities to the people.
Recent developments
- In April 2021 – No7 lenses were acquired by Cooper company which supplies speciality lenses in the region of the U.K.
Key Players
- De Rigo (Italy)
- Essilor (France)
- Marcolin SpA. (Italy)
- Safilo Group S.p.A. (Italy)
- LUXOTTICA GROUP PIVA (U.S.)
- Marchon Eyewear Inc. (U.S.)
- Pivothead (U.S.)
- Specsavers (U.S.)
- ZEISS International (India)
- Hoya Vision Care Company (U.S.)
- CHARMANT USA Inc (U.S.)
- XIAMEN ASA SUNGLASSES CO. LTD. (China)
- Privé Revaux (U.S.)
- Seiko Optical Products Co. Ltd. (U.S.)
Segments covered in the report
By Type
- Single Vision
- Progressive
- Bifocal
- Trifocal
- Workspace Progressive
- Others
By Application
- Myopia
- Presbyopia
- Hyperopia/Hypermetropia
- Astigmatism
By Lens Coating
- Anti-reflective
- Ultraviolet Treatment
- Scratch Resistant Coating
- Anti-Fog Coating
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Prescription Lens Market, (2022 – 2030) (USD Billion)
- 2.2 Global Prescription Lens Market : snapshot
- Chapter 3. Global Prescription Lens Market – Industry Analysis
- 3.1 Prescription Lens Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing Number Of People Suffering From Refractive Errors
- 3.2.2 Sizes And Shapes
- 3.2.3 Multiple Glasses Options
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By Lens Coating
- Chapter 4. Global Prescription Lens Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Prescription Lens Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Prescription Lens Market – Type Analysis
- 5.1 Global Prescription Lens Market overview: By Type
- 5.1.1 Global Prescription Lens Market share, By Type, 2021 and 2030
- 5.2 Single Vision
- 5.2.1 Global Prescription Lens Market by Single Vision, 2022 – 2030 (USD Billion)
- 5.3 Progressive
- 5.3.1 Global Prescription Lens Market by Progressive, 2022 – 2030 (USD Billion)
- 5.4 Bifocal
- 5.4.1 Global Prescription Lens Market by Bifocal, 2022 – 2030 (USD Billion)
- 5.5 Trifocal
- 5.5.1 Global Prescription Lens Market by Trifocal, 2022 – 2030 (USD Billion)
- 5.6 Workspace Progressive
- 5.6.1 Global Prescription Lens Market by Workspace Progressive, 2022 – 2030 (USD Billion)
- 5.1 Global Prescription Lens Market overview: By Type
- Chapter 6. Global Prescription Lens Market – Application Analysis
- 6.1 Global Prescription Lens Market overview: By Application
- 6.1.1 Global Prescription Lens Market share, By Application, 2021 and 2030
- 6.2 Myopia
- 6.2.1 Global Prescription Lens Market by Myopia, 2022 – 2030 (USD Billion)
- 6.3 Presbyopia
- 6.3.1 Global Prescription Lens Market by Presbyopia, 2022 – 2030 (USD Billion)
- 6.4 Hyperopia/Hypermetropia,
- 6.4.1 Global Prescription Lens Market by Hyperopia/Hypermetropia,, 2022 – 2030 (USD Billion)
- 6.5 Astigmatism
- 6.5.1 Global Prescription Lens Market by Astigmatism, 2022 – 2030 (USD Billion)
- 6.1 Global Prescription Lens Market overview: By Application
- Chapter 7. Global Prescription Lens Market – Lens Coating Analysis
- 7.1 Global Prescription Lens Market overview: By Lens Coating
- 7.1.1 Global Prescription Lens Market share, By Lens Coating, 2021 and 2030
- 7.2 Anti-reflective
- 7.2.1 Global Prescription Lens Market by Anti-reflective, 2022 – 2030 (USD Billion)
- 7.3 Ultraviolet Treatment
- 7.3.1 Global Prescription Lens Market by Ultraviolet Treatment, 2022 – 2030 (USD Billion)
- 7.4 Scratch Resistant Coating
- 7.4.1 Global Prescription Lens Market by Scratch Resistant Coating, 2022 – 2030 (USD Billion)
- 7.5 Anti-Fog Coating
- 7.5.1 Global Prescription Lens Market by Anti-Fog Coating, 2022 – 2030 (USD Billion)
- 7.1 Global Prescription Lens Market overview: By Lens Coating
- Chapter 8. Prescription Lens Market – Regional Analysis
- 8.1 Global Prescription Lens Market Regional Overview
- 8.2 Global Prescription Lens Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Prescription Lens Market, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.4 North America Prescription Lens Market, by Type, 2022 – 2030
- 8.4.1 North America Prescription Lens Market, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Prescription Lens Market, by Application, 2022 – 2030
- 8.5.1 North America Prescription Lens Market, by Application, 2022 – 2030 (USD Billion)
- 8.6 North America Prescription Lens Market, by Lens Coating, 2022 – 2030
- 8.6.1 North America Prescription Lens Market, by Lens Coating, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Prescription Lens Market, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.8 Europe Prescription Lens Market, by Type, 2022 – 2030
- 8.8.1 Europe Prescription Lens Market, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Prescription Lens Market, by Application, 2022 – 2030
- 8.9.1 Europe Prescription Lens Market, by Application, 2022 – 2030 (USD Billion)
- 8.10 Europe Prescription Lens Market, by Lens Coating, 2022 – 2030
- 8.10.1 Europe Prescription Lens Market, by Lens Coating, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Prescription Lens Market, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Prescription Lens Market, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Prescription Lens Market, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Prescription Lens Market, by Application, 2022 – 2030
- 8.13.1 Asia Pacific Prescription Lens Market, by Application, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Prescription Lens Market, by Lens Coating, 2022 – 2030
- 8.14.1 Asia Pacific Prescription Lens Market, by Lens Coating, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Prescription Lens Market, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.16 Latin America Prescription Lens Market, by Type, 2022 – 2030
- 8.16.1 Latin America Prescription Lens Market, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Prescription Lens Market, by Application, 2022 – 2030
- 8.17.1 Latin America Prescription Lens Market, by Application, 2022 – 2030 (USD Billion)
- 8.18 Latin America Prescription Lens Market, by Lens Coating, 2022 – 2030
- 8.18.1 Latin America Prescription Lens Market, by Lens Coating, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Prescription Lens Market, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Prescription Lens Market, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Prescription Lens Market, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Prescription Lens Market, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Prescription Lens Market, by Application, 2022 – 2030
- 8.21.1 The Middle-East and Africa Prescription Lens Market, by Application, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Prescription Lens Market, by Lens Coating, 2022 – 2030
- 8.22.1 The Middle-East and Africa Prescription Lens Market, by Lens Coating, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 De Rigo (Italy)
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Essilor (France)
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Marcolin SpA. (Italy)
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Safilo Group S.p.A. (Italy)
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 LUXOTTICA GROUP PIVA (U.S.)
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Marchon Eyewear Inc. (U.S.)
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Pivothead (U.S.)
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Specsavers (U.S.)
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 ZEISS International (India)
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Hoya Vision Care Company (U.S.)
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 CHARMANT USA Inc (U.S.)
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 XIAMEN ASA SUNGLASSES CO. LTD. (China)
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Privé Revaux (U.S.)
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Seiko Optical Products Co. Ltd. (U.S.)
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.1 De Rigo (Italy)
List Of Figures
Figures No 1 to 29
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Players
- De Rigo (Italy)
- Essilor (France)
- Marcolin SpA. (Italy)
- Safilo Group S.p.A. (Italy)
- LUXOTTICA GROUP PIVA (U.S.)
- Marchon Eyewear Inc. (U.S.)
- Pivothead (U.S.)
- Specsavers (U.S.)
- ZEISS International (India)
- Hoya Vision Care Company (U.S.)
- CHARMANT USA Inc (U.S.)
- XIAMEN ASA SUNGLASSES CO. LTD. (China)
- Privé Revaux (U.S.)
- Seiko Optical Products Co. Ltd. (U.S.)
- Others
FAQs
“Asia Pacific” region will lead the global Prescription Lens market during the forecast period 2022 to 2030.
The key factors driving the market are multinational companies long working hours, people suffering with refractive errors.
The key players operating in the Prescription Lens market are De Rigo (Italy), Essilor (France), Marcolin SpA. (Italy), Safilo Group S.p.A. (Italy), LUXOTTICA GROUP PIVA (U.S.), Marchon Eyewear Inc. (U.S.), Pivothead (U.S.), Specsavers (U.S.), ZEISS International (India), Hoya Vision Care Company (U.S.), CHARMANT USA Inc (U.S.), XIAMEN ASA SUNGLASSES CO. LTD. (China), Privé Revaux (U.S.), Seiko Optical Products Co. Ltd. (U.S.).
The global Prescription Lens market is expanding growth with a CAGR of approximately 5.6% during the forecast period (2022 to 2030).
The global Prescription Lens market size was valued at USD 45.3 billion in 2021 and it is projected to reach around USD 65.62 billion by 2030.