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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?

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Ophthalmic Lens Market Scope

Report Coverage


Page number


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 4.85%

Market growth 2023-2027

USD 14.3 billion

Market structure


YoY growth 2022-2023 (%)


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.


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

SOURCE Technavio

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