Le Lézard
Classified in: Health, Covid-19 virus
Subject: MRR

Ophthalmic lens market: Growth Opportunities led by Corning Inc. and EssilorLuxottica - Technavio


NEW YORK, Dec. 5, 2022 /PRNewswire/ -- The ophthalmic lens market size is forecast to grow by USD 14.3 billion at a CAGR of 4.85% between 2022 and 2027. The growth of the market will be driven by the increasing prevalence of refractive errors. Furthermore, the increase in acquisitions and partnerships is expected to boost the market growth.

The report extensively covers the ophthalmic lens market segmentation by end-user (consumers, hospitals and clinics, and ambulatory surgery centers), product (spectacle lens, contact lens, and IOLs), and geography (North America, Europe, Asia, and Rest of World (ROW)). Request A Sample Report

Ophthalmic lens market - Vendors

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?  

Product Insights and News

For detailed insights about product offerings and the growth strategies adopted by vendors, buy the report.

Ophthalmic lens market - Geographical Landscape

North America will contribute to 45% of the market's growth during the forecast period. The ophthalmic lens market will grow significantly in North America due to various factors such as the increasing prevalence of refractive errors, growing geriatric population, increasing healthcare expenditure, high demand for advanced ophthalmic lenses, advanced healthcare infrastructure, and the presence of leading vendors. Besides, vendors operating in the market are focusing on product innovations, which is expected to foster the growth of the regional market during the forecast period.

Ophthalmic lens market - Market Segmentation

The consumers segment is estimated to contribute significantly to the global market's growth during the forecast period. The increased use of digital devices has led to a rise in the number of eye-related conditions such as eye strain, redness, and dryness that cause vision problems. This is resulting in an increase in the awareness of vision-impairing conditions among consumers, which is increasing the demand for corrective solutions, such as ophthalmic lenses. These factors are driving the growth of the segment.- Download a sample report

What are the key data covered in this ophthalmic lens market report?

Technavio's library includes over 17,000+ reports, covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to Technavio Insights

Related Reports:

Ophthalmic Lens Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.85%

Market growth 2023-2027

USD 14.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.45

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 45%

Key countries

US, Germany, France, China, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aksh Optifibre, Alcon Inc., Alpine Research Optics, Bausch Health Co. Inc., Bod Lenses, Camax Optical Corp., Carl Zeiss AG, Corning Inc., EssilorLuxottica, EssilorLuxottica SA, Halma Plc, HOYA Corp., Jiangsu Hongchen Group Co. Ltd., Johnson and Johnson, and Mitsui Chemicals Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 22:00
North America will account for 37% of the market's growth during the forecast period. The increase in research funding and the growing developments in precision medicine and personalized therapies are driving the growth of the regional market. The...

at 21:45
North America is accounted for a major share of  42% of the global bone cement market, with the US being the major revenue contributor. The high share of the market is due to the widespread adoption of minimally invasive techniques such as joint...

at 21:30
North America will account for 34% of the global Laboratory shaker market  North America will account for 34% of the market growth of the global laboratory shaker market. Factors such as the increased investments in R&D in the biomedical and life...

at 21:15
North America will account for 35% of the global Interstitial cystitis (IC) drugs market growth. The increasing cases of interstitial cystitis and the rise in research funding are driving the growth of the regional market. The Interstitial Cystitis...

at 21:00
North America will account for 40% of the anesthesia laryngeal masks market growth during the forecast period. The increasing prevalence of chronic diseases, increasing adoption of advanced technologies, improved healthcare infrastructure, rising...

at 20:47
Comprehensive Healthcare Systems Inc. (the "Company" or "CHS") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") as previously announced on January 12, 2023. Pursuant to the Private Placement, CHS...



News published on 5 december 2022 at 02:00 and distributed by: