OPTICAL LENS EDGER MARKET ANALYSIS

Optical Lens Edger is an instrument to cut the optical lens to the dimensions specified by the tracer and simplify the lens fitting for any frame, even the most complex ones. An optical lens edger is part of optical manufacturing equipment. Technological advancements in the market have led to the development of automatic patternless lens edgers which are also gaining preference for lens edging process and are anticipated to drive the growth of the optical lens edger market. For instance, in 2017, Essilor Instruments USA launched Pro-E 600 Edging System to boost the productivity of edging for even the most complex lens shapes and provide finishing.

Optical lens edger market – COVID-19 Impact Analysis

Following the COVID-19 outbreak in December 2019, the virus has spread to more than 100 countries across the globe and the World Health Organization has declared it a public health emergency. Nationwide lockdowns in various countries such as Italy, Spain, U.K., the U.S., Australia, India, and others, have declined the rate of daily patients’ visits to ophthalmologists. The pandemic has negatively impacted the optical Lens edger market in terms of supply and demand of products As a result, the global optical Lens edger market growth is also expected to witness a slowdown during this pandemic situation.

Optical lens edger market – Drivers

Optical lens edger market size is expected to increase over the forecast period owing to rising incidence of eye problems. For instance, according to World Health Organization (WHO) 2018 report, globally, it is estimated that approximately 1.3 billion people live with some form of vision impairment with regards to distance vision, 188.5 million people have mild vision impairment, 217 million have moderate to severe vision impairment, and 36 million people are blind.

Additionally, technology advancement in optical lens edger drive the optical lens edger market growth during the forecast period, owing to increasing demand for pattern less lens edger devices can be attributed to the improvement in accuracy of lens edging. For instance, in 2018 Nidek Co. Ltd has launched the LEXCE Trend Patternless Edger.

Optical lens edger market –Restraints

Challenges to meet environment ecofriendly for optical lens edger device is major restraining factor for optical lens edger market growth. The chemical (lead alloy) dispensed during the cutting or edging of optical lens with edger can be harmful to patients contact.

Optical lens edger market -Regional Analysis

On the basis of region, the optical lens edger market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the optical lens edger market over the forecast period, owing to increasing in the number of eye disease and infection. For instance, according to National Eye Institute US 2014 report, around 14.9 Million Americans have eye disease in 2014. 

Asia pacific is expected to witness significant growth over the forecast period, owing to increasing in healthcare expenditure in this region. For instance, according to India Brand Equity Foundation 2018, in India, the health care expenditure in 2017 was US$ 160 billion and expected to increase to US$ 372 billion by 2022 which in turn expected to bring new technologies into the Indian market.

Optical lens edger market -Competitive Landscape

Key players operating in the optical lens edger market include Nidek Co. Ltd., Luneau Technology Operations SAS, Essilor International S.A., US Ophthalmic, Huvitz Co., Ltd., Shanghai YanKe Instruments Co. Ltd., Dia Optical Co., Fuji Gankyo Kikai Mfg Co. Ltd., Visslo Inc, Coburn Technologies Inc.

Optical lens edger market -Taxonomy

The Optical lens edger market is segmented on the basis of type, application and region.

By type

• Manual Optical Lens Edger
• Automatic Optical Lens Edger
• Semi-automatic Optical Lens Edger

By Application

• Eyeglass Lens
• Microscope Lens
• Camera Lens
• Others (telescope and binoculars)

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa