Market Challenges And Opportunities

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 – 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.