SPECTACLE LENS MARKET ANALYSIS
Key Takeaways from Analyst
Spectacle lens industry growth is driven by rising prevalence of eyesight related issues such as myopia, hyperopia and presbyopia due to increased screen time and aging population.
Availability of corrective surgeries such as LASIK and prices fluctuation of raw materials can negatively impact the market. Frequent technological advancements have reduced the replacement cycle for lenses. This can hamper the market growth.
North America dominates the market due to high awareness levels and presence of major players. Asia Pacific region, especially China, India and Southeast Asian countries, offers the most lucrative growth opportunities. This can be attributed to growing consumer disposable incomes, rapid urbanization and rising healthcare expenditure in these nations.
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