How Has the Single Vision Lenses Market Evolved Historically and What is its Current Size?
The single vision lenses market has seen considerable growth due to a variety of factors.
• The single vision lenses market will grow from $7.03 billion in 2024 to $7.37 billion in 2025 at a CAGR of 4.8%.
This growth is driven by the development of new materials, the introduction of digital lens designs and freeform technology, improvements in surgical techniques, ongoing research in optics, and the surge in medical tourism for vision correction surgeries.
What is the Forecasted Market Size and CAGR for the Single Vision Lenses Market?
The single vision lenses market is expected to maintain its strong growth trajectory in upcoming years.
• The single vision lenses market is expected to reach $8.75 billion by 2029, growing at a CAGR of 4.4%.
Growth factors include industrial sector demand for protective eyewear, awareness of UV protection and blue light filtering, better healthcare and eyecare services, and global manufacturing growth. Trends include rising demand for presbyopia-correcting lenses, increasing prevalence of vision conditions, vision care program implementation, telehealth services, and policies promoting vision care and eyewear insurance.
What Key Factors and Trends Are Driving The Growth Single Vision Lenses Market?
The growth of the single vision lenses market is anticipated to be fueled by the escalating incidence of myopia. Myopia, often referred to as nearsightedness, is an eye refractive error that blurs distant objects, while nearby objects remain sharp. This condition's prevalence is on the rise due to factors such as increased screen exposure, sustained periods of work, and an aging populace. Single vision lenses work to rectify myopia by concentrating light straight onto the retina, thereby enhancing distance vision. As per BMJ Publishing Group, a UK-based publisher for a health organization, over 36% of the global children and adolescents were affected by myopia in September 2024. Such figures demonstrate a substantial increase compared to previous years, and expectations suggest that the count of myopic people could surpass 740 million by 2050. Hence, the escalating incidence of myopia is propelling the expansion of the single vision lenses market.
What Are The Market Segments In The Single Vision Lenses Market?
The single vision lenses market covered in this report is segmented –
1) By Type: Spherical, Aspherical, Freeform
2) By Material: Glass, Polycarbonate, Other Material Types
3) By Age Group: Less Than 18 Years, Greater Than Or Equal To 18 Years And Less Than 40 Years, Greater Than Or Equal To 40 Years
4) By Application: Hyperopia (Farsightedness), Myopia (Nearsightedness), Astigmatism, Presbyopia
Subsegments:
1) By Spherical: Standard Spherical Lenses, High-Index Spherical Lenses
2) By Aspherical: High-Index Aspherical Lenses, Polycarbonate Aspherical Lenses
3) By Freeform: Customized Freeform Lenses, Digital Freeform Lenses
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How Are Emerging Trends Reshaping The Dynamics Of The Single Vision Lenses Market?
Leaders in the single vision lenses industry are striving to create state-of-the-art products, like 360-degree visual lenses, to secure an edge over rivals in the market. The single vision lens offering 360° visual sharpness provides excellent focus from every perspective, amplifying visual precision for a range of activities and daily chores. They enable flawless vision correction without loss of peripheral visibility, delivering comfort and lucidity for day to—day usage. For example, HOYA Corporation, an optical firm based in Japan, unveiled its latest addition to its free-form single-vision lens catalogue, MySV single-vision lenses with 360° Visual Comfort, in September 2022. By incorporating four fundamental features into its design, MySV lenses empower users with 360° visual ease, boosting wearer's confidence in all scenarios.
Who Are the Key Players In The Single Vision Lenses Market?
Major companies operating in the single vision lenses market are:
• Essilor Luxottica
• Hoya Corporation
• Nikon Corporation
• Carl Zeiss AG
• Johnson & Johnson Vision
• Rodenstock GmbH
• Shamir Optical Industry Ltd.
• Norville
• Leica Camera AG
• Vision-Ease Lens
• Younger Optics Asia Pacific Ltd.
• iCoat Company LLC
• Seiko Optical Products Co. Ltd.
• GKB Optic Technologies Pvt. Ltd.
• Optiswiss AG
• KODAK Lens
• Augen Optics
• Opticote Inc.
• Tokai Optical Co. Ltd.
• Shanghai Conant Optics Co. Ltd.
• Jiangsu Aogang Optical Glasses Co. Ltd.
• Central Optical Co. Ltd.
What Are The Regional Insights Into The Single Vision Lenses Market?
North America was the largest region in the single vision lenses market in 2024. The regions covered in the single vision lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
