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.?
Corning Inc.
EssilorLuxottica
EssilorLuxottica SA
Halma Plc
HOYA Corp.
Jiangsu Hongchen Group Co. Ltd.
Mitsui Chemicals Inc
Nikon Corp.
Privo
Rodenstock GmBH
Shamir Ltd.
SynergEyes Inc.
The Cooper Companies Inc.
The Walman Optical Co.
VISION EASE
Product Insights and News
Corning Inc.: The company offers Ophthalmic lens solutions such as High-Index and Photochromic Glass, and High Resistance Glass for Molds.
Halma Plc: The company offers Ophthalmic lenses through its brand Volk Optical.
HOYA Corp.: The company offers Ophthalmic lenses such as Anodic Bonding Glass (SD2), NIR Polarizer Glass CUPO, and Radiation Shield Glass (RB series).
Nikon Corp.: The company offers Ophthalmic lenses through its brand that is Nikon Optical USA.
Mitsui Chemicals Inc: The company offers Ophthalmic lenses through its MR brand.
For detailed insights about product offerings and the growth strategies adopted by vendors, buy the report.
Ophthalmic lens market - Geographical Landscape
North Americawill 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 - MarketSegmentation
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?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the ophthalmic lens market between 2023 and 2027
Precise estimation size of the ophthalmic lens market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of ophthalmic lens market vendors
The ophthalmology surgical devices market size is expected to increase by USD 3.13 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.75%. The increasing prevalence of ophthalmic diseases is notably driving the eye care surgical devices market growth, although factors such as high cost and limited reimbursements may impede the market growth.
The ophthalmology devices market size is expected to increase by USD 17.09 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.1%. The increasing prevalence of ophthalmic diseases and technological advances in ophthalmology devices is notably driving the ophthalmology market growth, although factors such as high cost and limited reimbursement may impede the market growth.
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
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global ophthalmic lens market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global ophthalmic lens market 2017 - 2021 ($ billion)
Exhibit 58: Data Table on Contact lens - Year-over-year growth 2022-2027 (%)
7.5 IOLs - Market size and forecast 2022-2027
Exhibit 59: Chart on IOLs - Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on IOLs - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on IOLs - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on IOLs - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Product
Exhibit 63: Market opportunity by Product ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 Asia - Market size and forecast 2022-2027
Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)
9.6 Rest of World (ROW) - Market size and forecast 2022-2027
Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
9.7 US - Market size and forecast 2022-2027
Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Alpine Research Optics
Exhibit 112: Alpine Research Optics - Overview
Exhibit 113: Alpine Research Optics - Product / Service
Exhibit 114: Alpine Research Optics - Key offerings
12.4 Bausch Health Co. Inc.
Exhibit 115: Bausch Health Co. Inc. - Overview
Exhibit 116: Bausch Health Co. Inc. - Business segments
Exhibit 117: Bausch Health Co. Inc. - Key news
Exhibit 118: Bausch Health Co. Inc. - Key offerings
Exhibit 119: Bausch Health Co. Inc. - Segment focus
12.5 Camax Optical Corp.
Exhibit 120: Camax Optical Corp. - Overview
Exhibit 121: Camax Optical Corp. - Product / Service
Exhibit 122: Camax Optical Corp. - Key offerings
12.6 Carl Zeiss AG
Exhibit 123: Carl Zeiss AG - Overview
Exhibit 124: Carl Zeiss AG - Business segments
Exhibit 125: Carl Zeiss AG - Key offerings
Exhibit 126: Carl Zeiss AG - Segment focus
12.7 Corning Inc.
Exhibit 127: Corning Inc. - Overview
Exhibit 128: Corning Inc. - Business segments
Exhibit 129: Corning Inc. - Key news
Exhibit 130: Corning Inc. - Key offerings
Exhibit 131: Corning Inc. - Segment focus
12.8 EssilorLuxottica
Exhibit 132: EssilorLuxottica - Overview
Exhibit 133: EssilorLuxottica - Business segments
Exhibit 134: EssilorLuxottica - Key news
Exhibit 135: EssilorLuxottica - Key offerings
Exhibit 136: EssilorLuxottica - Segment focus
12.9 EssilorLuxottica SA
Exhibit 137: EssilorLuxottica SA - Overview
Exhibit 138: EssilorLuxottica SA - Business segments
Exhibit 139: EssilorLuxottica SA - Key offerings
Exhibit 140: EssilorLuxottica SA - Segment focus
12.10 Halma Plc
Exhibit 141: Halma Plc - Overview
Exhibit 142: Halma Plc - Business segments
Exhibit 143: Halma Plc - Key news
Exhibit 144: Halma Plc - Key offerings
Exhibit 145: Halma Plc - Segment focus
12.11 HOYA Corp.
Exhibit 146: HOYA Corp. - Overview
Exhibit 147: HOYA Corp. - Business segments
Exhibit 148: HOYA Corp. - Key offerings
Exhibit 149: HOYA Corp. - Segment focus
12.12 Jiangsu Hongchen Group Co. Ltd.
Exhibit 150: Jiangsu Hongchen Group Co. Ltd. - Overview
Exhibit 151: Jiangsu Hongchen Group Co. Ltd. - Product / Service
Exhibit 152: Jiangsu Hongchen Group Co. Ltd. - Key offerings
12.13 Johnson and Johnson
Exhibit 153: Johnson and Johnson - Overview
Exhibit 154: Johnson and Johnson - Business segments
Exhibit 155: Johnson and Johnson - Key news
Exhibit 156: Johnson and Johnson - Key offerings
Exhibit 157: Johnson and Johnson - Segment focus
12.14 Mitsui Chemicals Inc
Exhibit 158: Mitsui Chemicals Inc - Overview
Exhibit 159: Mitsui Chemicals Inc - Business segments
Exhibit 160: Mitsui Chemicals Inc - Key offerings
Exhibit 161: Mitsui Chemicals Inc - Segment focus
12.15 Nikon Corp.
Exhibit 162: Nikon Corp. - Overview
Exhibit 163: Nikon Corp. - Business segments
Exhibit 164: Nikon Corp. - Key news
Exhibit 165: Nikon Corp. - Key offerings
Exhibit 166: Nikon Corp. - Segment focus
12.16 Privo
Exhibit 167: Privo - Overview
Exhibit 168: Privo - Product / Service
Exhibit 169: Privo - Key offerings
12.17 VISION EASE
Exhibit 170: VISION EASE - Overview
Exhibit 171: VISION EASE - Product / Service
Exhibit 172: VISION EASE - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations
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.
The "PCR Markets. Forecasts for qPCR, dPCR, Singleplex & Multiplex Markets and by Application, Product and Place. With Executive and Consultant Guides, Including Customized Forecasting and Analysis. 2023 to 2027" report has been added to...
The "Licensing Deals in Biotechnology 2019-2024" report has been added to ResearchAndMarkets.com's offering.
Licensing Deals in Biotechnology provides a detailed understanding and analysis of how and why companies enter licensing deals. Fully...
The "Molecular Diagnostics for Cancer: Markets Forecasts by Cancer Type, Product, and Place with Executive & Consultant Guides and Customization. 2023 to 2027" report has been added to ResearchAndMarkets.com's offering.
Exciting technical...
Closed System Transfer Devices Market in terms of revenue was estimated to be worth $1.1 billion in 2024 and is poised to reach $2.5 billion by 2029, growing at a CAGR of 14.5% from 2024 to 2029 according to a new report by MarketsandMarketstm. The...
RIVANNA®, a developer of imaging-based medical solutions, names Craig Loomis as senior director of product management. With over 25 years of extensive experience in global product development and commercialization within the healthcare sector, Mr....
The group division of Ameritas proudly announces its 17th consecutive certification as a BenchmarkPortal Center of Excellence, solidifying its position as a leader in customer service and support excellence. This prestigious recognition for 2023...