ASPHERIC LENSES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Aspheric Lenses Market, By Material (Plastic Aspheric Lenses, Glass Aspheric Lenses, Polycarbonate Aspheric Lenses, and Others), By Application (Eyeglasses, Contact Lenses, Intraocular Lens, and Others), By End User (Hospitals and Clinics, Optical Stores and Eye Care Centers, Medical Device Companies, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Feb 2024
Code : CMI6687
Pages :152
Formats :
Excel and PDF
Industry : Medical Devices

Market Concentration and Competitive Landscape

Aspheric Lenses Market Concentration, By Players

Close-monitor your Competitor's Move, Request sample copy

Increasing Prevalence of Various Eye Disorders

The increasing prevalence of various eye disorders across the globe is one of the primary factors fueling the growth of the aspheric lenses market. As per the data published by the World Health Organization in 2021, it is estimated that at least 2.2 billion people worldwide have a vision impairment or blindness, of which at least 1 billion cases are easily preventable or treatable. Conditions like myopia, hyperopia, and astigmatism are becoming highly common particularly among the younger generation due to excessive usage of digital devices and lack of outdoor activities.

Myopia has nearly doubled between 2000 and 2019, according to a study published in the British Journal of Ophthalmology in 2020. The study analyzed data from over 134 studies conducted across academic populations in China, the U.S., Singapore, and Australia. It reported that the prevalence of myopia among adolescents had risen from 22.9% to 43.2% in East Asia and from 14.9% to 30.4% in North America and Europe during this time period. Similarly, the prevalence of hyperopia among children is also increasing worldwide due to sedentary lifestyle and improper nutrition which exerts extra strain on developing eyes.

Key Players Insights