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

Prescription Lenses Market, By Lens Type (Single Vision Lense, Bifocal Lenses, Trifocal Lenses, Progressive Lenses, and Other), By Coating Type (Anti-reflective, Scratch resistant coating, Anti-fog coating, Photochromic Coating, and Others), By Application (Myopia, Hyperopia, Astigmatism, Presbyopia, and Others), By Distribution Channel (Online Retail, Optical Stores, Hospitals, and Clinics), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jan 2025
  • Code : CMI7688
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Regional Analysis

Prescription Lenses Market Regional Insights

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North America Prescription Lenses Market Trends

In North America, the prescription lenses market holds a dominant share of 55.3% in 2024, driven by the strong presence of key players and a well-established market ecosystem. Countries like the U.S. and Canada have seen rising number of optometry chains that have made access to prescription products more convenient. In addition, growing awareness about eye care and vision correction has propelled growth.

Asia Pacific Prescription Lenses Market Trends

Meanwhile, the Asia Pacific region exhibits the fastest growth with a share of 23.1% in 2024 on the back of large population base and growing disposable incomes. Rapid urbanization and shifting lifestyle choices in countries like China, India, and Southeast Asia are major drivers. Rising affluence in middle class has increased demand for vision care products across the region.

Prescription Lenses Market Outlook for Key Countries

United States Prescription Lenses Market Trends

The U.S. prescription lenses market captured a significant share of the North America region, fueled by the rising prevalence of refractive errors, a growing number of individuals wearing glasses, and a robust healthcare infrastructure. According to The Vision Council, as of December 2021, its members produce 90% of the prescription lenses utilized in the U.S. Furthermore, there are 197.6 million adults in the country using vision correction, representing 75.6% of the population.

China Prescription Lenses Market

Trends in the Chinese prescription lenses market highlight a substantial prevalence of myopia among senior high school students. According to a July 2023 study by Springer Nature Limited, nearly 80% of these students are affected by myopia, with approximately 10% classified as highly myopic. This underscores a rising demand for prescription lenses in China.

India Prescription Lenses Market

The India prescription lenses market is experiencing growing demand for affordable, high-quality vision correction solutions. Consumers are increasingly prioritizing stylish frames and lenses that align with their fashion preferences. The rising use of digital devices has driven the demand for lenses featuring blue light-blocking and anti-reflective coatings. Additionally, heightened awareness of eye health has led to a greater emphasis on regular eye check-ups and the adoption of prescription lenses. The market is also shifting towards online platforms, offering consumers nationwide convenience and access to a broader selection of products.

Saudi Arabia Prescription Lenses Market

The prescription lenses market in Saudi Arabia is witnessing increasing demand for advanced lens technologies to address various vision needs. For example, Almadina Optical, a subsidiary of the Almadina Group, established in 1976, leverages over 41 years of expertise in the optical industry. With a strong presence of over 11 branches, particularly in Riyadh, the company's growth underscores the expanding market demand in the region.

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