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MARKET INSIGHTS • The market plays an important role in restoring multiple vision dysfunctions, including refractive errors such as myopia, hyperopia, astigmatism, and presbyopia.

New York, Dec. 08, 2022 (GLOBE NEWSWIRE) — Reportlinker. com announces the release of the report “Progressive Lenses Market – Global Outlook & Forecast 2022-2027” – https://www.reportlinker.com/p06371365/?utm_source=GNW
The clinical aspect of vision care involves the particular prevention associated with eye diseases as well as temporary and complete vision correction. The demand for eye treatment products in the global progressive lenses market is continually increasing with the growing prevalence of visual dysfunctions inside developed plus developing countries.
• Progressive lenses are multifocal lenses specifically for people needing corrective lens to see distant and close objects. These lenses allow you to observe clearly in multiple distances without a bifocal line. The particular need with regard to a progressive lens increases with age. By age group 35 or 40, many people have difficulty focusing their eyes on nearby or even distant items. This condition is known as refractive error, plus to compensate for this focusing problem, some people wear single-vision eyeglasses regarding distance and reading glasses for close. Eyeglasses come in a variety of types. This includes a single-vision lens with one power or strength over the entire lens or a bifocal or trifocal lens along with multiple strengths over the entire lens. But multifocal lenses are designed with different prescription areas.
• As people age, the ability to notice near plus far objects may decline. The progressive lenses market meets different visual needs in one zoom lens. Usually, the particular top from the lens incorporates the ’distance’ field of view and the bottom the ’near’ field of view. Rather than separating the particular lines that separate these areas, modern lenses are usually blended so that the central portion of the particular lens acts as intermediate eyesight correction when needed. In contrast to traditional bifocal or even trifocal lens, no visible lines separate the various fields in progressive lenses. Compared to bifocal lenses, intensifying lenses can protect the neck and posture.
• The acceptance within the modern lenses market was mainly concentrated in developed nations such as the U. S., Japan, the UK, Germany, plus France. However, developing Asian countries like India and China are witnessing increased demand intended for progressive lens owing in order to the growing target population with refractive error plus visual impairment eye disorders and aggressive retail optical stores marketing campaigns.
MARKET TRENDS & OPPORTUNITIES
Growing prevalence associated with computer vision syndrome (CVS)
• According to the Vision Council, from least 60% of American men and 65% of American women report CVS symptoms, 80% of adults use digital devices to get more compared to two hours a day, and more than 65% associated with adults use at least two devices with the same time. About 80% of adults use a digital device before bedtime, and on least 70% of grown ups report that will their child spends a minimum of 2 hours associated with screen time. Simultaneous make use of 2 or more devices improved the risk of CVS compared to the use of 1 device at a time; the reported prevalence was 75 % and 53 %, respectively. Over the particular last few years, there has been a significant increase in the average number of hrs spent accessing and consuming digital content, resulting within the rise of eye disorders are usually driving the global accelerating lenses marketplace growth.

The particular Emergence Of Digital Progressive Lenses And Technological Advancements

• Digital lenses are ideal for many sophisicated spectacle wearers, especially using the latest algorithms used to surface these types of lenses. These advanced progressive designs have many advantages over standard progressive lenses as the particular Progressive lens are slightly improved along with each advancement released. Manufacturers have developed different concepts pertaining to new intensifying lens technology in the progressive lens market. While some manufacturers require technical equipment to collect biometric data on the particular corneal shape to optimize the cornea further, others offer a broader range of products rather than highly specialized ones.
Rise of E-commerce as a Preferred Distribution Channel
• The increase in e-commerce as a distribution channel has contributed to the growing global demand for eyesight care products inside the modern lenses market. The internet plays the broader role as a supplier of consumer information & providing a platform for price referencing. For vision care products like progressive lens, channel consolidation is rising and vertically combined. The vendors are developing an automated ordering system to allow users in order to order progressive lenses online, which will positively affect everyone involved in the practice.
Revolution of 3D Printed Progressive Lenses
• 3D printing is currently changing the way eyewear is designed plus manufactured. Many eyewear producers and even individuals have started adopting this layer-by-layer technologies primarily to differentiate their own products from their competitors and bring further innovation in order to eyewear design in the particular global developing lenses marketplace. But 3D printing technology also opens new possibilities for eyewear companies. 3D-printed lenses may have multiple zones with different optical properties. As a result associated with using Additive Manufacturing, all that has to be done is to design the 3D model much faster than conventional lens-making techniques.
Growing Prevalence of Refractive Errors as well as the Increasing Geriatric Population
• Globally, around 285 million people have impaired vision, plus more compared to 80% of the impaired vision cases are usually preventable with early diagnosis and treatment. As the world populace ages, the particular need meant for quality eyesight care is expanding and evolving, along with the availability of a diverse range associated with progressive lenses for several vision impairments boosting the accelerating lenses market. The geriatric population will be growing rapidly in several regions worldwide. The quickly increasing elderly population is usually linked to the increase in chronic diseases, including eye disorders.

SEGMENTATION ANALYSIS
INSIGHTS BY MATERIAL

The intensifying lenses are made of materials comprising polycarbonate, plastic, glass, and many others. Some zoom lens materials provide better comfort and visible clarity, and some are available in many lens designs. The particular polycarbonate segment dominates the industry with a share of 47. 48%. A primary reason for using polycarbonate material in sophisicated lenses will be because they are virtually indestructible, offering enhanced safety for the eyes. Polycarbonate is known to be ten times stronger than traditional plastic material.

The polycarbonate segment will likely witness the highest incremental growth of USD 3. 81 billion on the forecast period. The other segment will likely witness the fastest CAGR associated with 5. 33% during the particular forecast time period.

Segmentation by Material
• Polycarbonate
• Plastic
• Others

INFORMATION BY APPLICATIONS

Myopia, presbyopia, hyperopia, and astigmatism are the key segment under applications in the global progressive lens market. The myopia section accounted designed for 34. 78% in 2021, with a market value of USD 10. 40 billion. Myopia, or nearsightedness, which is caused when light focuses in front of the retina, is definitely one associated with the most common eye problems that causes blurring of the faraway object. An estimated 38% from the adult human population in Europe, 43% within the U. S., and 82% in Asia are documented to suffer from myopia. The myopia segment can be projected to register a CAGR of four. 78% during the forecast period 2021-2027.

Segmentation by Applications
• Myopia
• Presbyopia
• Hyperopia
• Astigmatism

IDEAS BY AGE GROUP

On the basics of age group, the global progressive lenses market is usually segmented into 60 & above, 30 to 60, and below 30. Among the age group segment, the particular 60 & above portion dominates the global marketplace with a share associated with 56. 45%. The development of the target population inside the industry is attributable to the particular surge within myopia frequency, the rise in the geriatric population, and the preference just for lenses. The particular 60 & above segment will likely witness the highest incremental growth of USD 4. 84 billion dollars over the particular forecast time period.

Segmentation simply by Age Group
• sixty & Above
• 30 To 60
• Below 30

INSIGHTS SIMPLY BY DISTRIBUTION CHANNEL

The global progressive lenses marketplace is segmented based upon distribution channels into optic retail stores, vision care clinics, hospitals, plus online stores. The particular optical retail stores section accounted for the purpose of a major share of 40. 39% in 2021 and is anticipated to retain its market dominance during the forecast period. Optical store stores are considered a traditional method of distribution channel for customers and are preferred primarily by the particular old age inhabitants, who primarily evaluate the product before purchasing. In contrast, the current generation has started to move towards the online platform. The on the internet stores segment is projected to join up the CAGR associated with 5. 52% during 2021-2027.

Segmentation by Distribution Channel
• Optical Retail Stores
• Eye Care Clinics
• Hospitals
• Online Stores

GEOGRAPHICAL LANDSCAPE

Europe dominates the worldwide progressive lens market with a market share of around thirty. 70%. In the European region, there has been a substantial increase in presbyopia patients requiring lens correction or therapy, estimated to grow throughout the forecast time period.

The awareness among ophthalmologists in Europe is lower when compared to market like the United States. Growing awareness regarding the new items and advancements will increase the particular adoption associated with progressive lenses in the region.

The APAC region dominates the global intensifying lenses market and is certainly projected in order to grow at a CAGR of 5. 97%. The region is witnessing rapid growth in the aging population. The particular population above 65 years is set to increase simply by more than two-fold, from 547 million inside 2016 to nearly one. 3 billion by 2050. Such a demographic shift will accompany a high need for modern lenses.

North America ranks third in the particular global accelerating lenses marketplace. The united states offers the presence of almost all major vendors in the market. A few suppliers also maintain their company-operated retail stores in this region in order to sustain their particular presence and increase their profitability. For instance, EssilorLuxottica, one of the key vendors in the global progressive lens market, operates retail shops under the names LensCrafters plus Pearle Eyesight in North America.

Segmentation by Geography

• APAC
o China
o The japanese
u India
o South Korea
o Australia
• North America
um The U. S.
o Canada
• Europe
o Germany
o France
o The U. K.
u Italy
o Spain
• Latin The united states
um Brazil
o Mexico
o Argentina
• Middle East & Africa
o Turkey
u Saudi Arabia
um South Africa

COMPETITIVE LANDSCAPE

The particular global sophisicated lenses market is a good oligopoly market with international, regional, and local players offering various products. The leading gamers in the progressive lenses market are ZEISS, EssilorLuxottica, HOYA, plus Shamir. The particular competition is intense among tier I/II vendors as many local players are available in the market in every country and pose the significant threat to regional and worldwide players.
In recent years, a global eyeglasses marketplace has witnessed many strategic initiatives by key plus prominent vendors, intensifying market competitiveness. The strategic merger of major Essilor and Luxottica Group resulted inside the formation of EssilorLuxottica, thereby increasing the merged entity’s marketplace share significantly over that of its competitors. Vendors compete based on product variety, pricing, quality, technological leadership and innovation, as well as the efficacy of progressive lenses.

Key Vendors
• ZEISS
• EssilorLuxottica
• HOYA
• Shamir

Other Prominent Vendors
• BBGR
• Fielmann
• Indo Optical SLU
• JIANGSU HONGCHEN OPTICAL
• Leica Eyecare
• Nikon Optic
• Optimum RX Group
• Optiswiss
• optoVision
• Prime Lenses
• Rodenstock
• RUPP & HUBRACH GLASSES
• Seiko Optical Products
• Shanghai Conant Optics
• Signet Armorlite
• Tokai Optic
• Vision Ease
• Yash Optical technologies And Lens
• Younger Optics

KEY QUESTIONS ANSWERED

1. What is the size from the global progressive lens market?
2 . What is the particular growth rate of the worldwide progressive lenses market?
3. What factors impact the development from the intensifying lenses market?
four. Who are the key players in the particular global modern lenses marketplace?
5. Which area has the highest progressive lens market share globally?
Read the full report: https://www.reportlinker.com/p06371365/?utm_source=GNW

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