Global Anti-Blue Ray Myopia Lenses Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Retail Stores, Hospital & Clinics, and E-Commerce), By Type (Single, Bifocal, Trifocal), By Regional Outlook and Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Anti-Blue Ray Myopia Lenses Market
Market Report Description
The Global Anti-Blue Ray Myopia Lenses Market size is expected to reach $3.7 billion by 2028, rising at a market growth of 7.7% CAGR during the forecast period.
Anti-blue myopia lenses are the lenses that block blue rays and are gaining popularity among individuals. According to analytical studies carried out by medical professionals, these glasses do aid to minimize eye strain and safeguard the eyes from harmful blue radiation. The use of anti-blue ray myopia lenses has several advantages, including a reduced risk of migraines as well as macular degeneration.
For instance, some research indicates that macular degeneration may be more frequent if blue light is exposed regularly, despite the fact that a strong association between blue light & macular degeneration has not yet been convincingly demonstrated. As a result, many experts advise the daily use of anti-blue ray myopia lenses to lower the likelihood of getting this condition. Due to this, both the cause and the effect of migraines and headaches can be directly linked to eye strain.
Thus, wearing such lenses can reduce the frequency and intensity of migraines. The demand for anti-blue ray myopia lenses is growing incredibly swiftly on a worldwide scale as a result of people's growing desire to buy high-quality things for their eye protection. Additionally, it is projected that growing online virtual eyewear try-on would hasten the market's international expansion. Through the use of virtual try-on, consumers may select glasses from the comfort of their homes based on their preferences, wants, and likes.
Due to rising fashion awareness and living standards, the market for anti-blue ray myopia lenses is expanding favorably. Similar to salt, blue light is a substance that the bodies require but in a very limited amount. Therefore, even while being exposed to blue light has some advantages, the modern digital environment has overexposed people to it. Anti-blue ray lenses on blue-screen or blue-light glasses help to cut down on the quantity of blue light that reaches the eyes.
COVID-19 Impact Analysis
The industry for anti-blue ray myopia lenses has benefited from COVID-19. Many people spent more time on their digital screens, computers, and mobile devices, as a result of work from home, during the government-enforced lockdown that was implemented to stop the coronavirus illness. Long-term exposure to blue light had a detrimental effect on the majority of people's eye health, driving up demand for anti-blue ray lenses. The spike in demand for anti-blue ray lenses during the pandemic is primarily due to increased exposure to digital devices as well as excessive contact with blue lights, which harm eye health. As a result, the importance of maintaining good eye health has substantially expanded, driving the market growth for anti-blue ray myopia lenses.
Market Growth Factors
Rising Cases Of Myopia & High Myopia
Myopia, sometimes referred to as nearsightedness and shortsightedness, is an abnormality of vision in which the resting eye concentrates the image of a distant object at a point next to the retina, resulting in a blurred image. Myopia and high myopia are drastically increasing in prevalence. Along with that, myopia is a serious public health concern, and severe myopia ranks as the second most common cause of visual impairment worldwide. Nearly half of the metropolitan population in East Asia suffers from myopia, which affects a lot of students.
Growing Laptop Use & Exposure To Digital Screen
Digital devices including smartphones, tablets, laptops, as well as e-readers have assimilated into daily life. Working on computers for long stretches of time is necessary for the majority of jobs. According to CISA, the number of smartphone users in the United States is estimated to be around 294 million which would increase even more in upcoming years. Additionally, as social networking websites have grown in popularity, so has the demand to keep connected. It's becoming a concerning trend to see people use their cell phones as soon as they wake up and keep using digital screens until they go to bed.
Market Restraining Factors
Reduced Corneal Reflex
The corneal reflex in the eye may become less responsive when using contacts. The corneal reflex is an eye defense mechanism whereby the brain instructs the eyelids to close in order to shield the eyes from even the smallest amount of pressure. When something could directly injure the eyes, such as a flying object or someone poking into the eye, the corneal reflex ensures that the person closes the eyes. Constantly wearing contact lenses teaches the body to ignore the corneal reaction. If someone is unable to quickly close his/her eyes in the event of danger, this could weaken the eye's response to the corneal reflex and cause harm to the eye.
On the basis of type, the anti-blue ray myopia lenses market is segmented into single, bifocal, trifocal and others. The bifocal segment acquired a substantial revenue share in the anti-blue ray market in 2021. While doing two vision correction tasks, the usage of bifocal lenses removes the need to swap glasses. Bifocals are a useful remedy for many people as a result of this. Instead of needing two pairs of glasses—one for driving and one for reading—a wearer can have just one set that makes it easy to do everything.
Distribution Channel Outlook
Based on distribution channel, the anti-blue ray myopia lenses market is fragmented into retail stores, hospital and clinics, and e-commerce platforms. In 2021, the retail segment dominated the anti-blue ray myopia market by generating the maximum revenue share. Growth in the number of consumers who favor retail institutions like wholesalers, independent stores, & brand chains can be attributed to this market expansion. It is thought that one of the factors motivating people to buy lenses from these businesses is the wide choice of lenses that retail stores offer, from low-cost to high-end brands.
|Market size value in 2021||USD 2.2 Billion|
|Market size forecast in 2028||USD 3.7 Billion|
|Historical Period||2018 to 2020|
|Forecast Period||2022 to 2028|
|Revenue Growth Rate||CAGR of 7.7% from 2022 to 2028|
|Number of Pages||151|
|Number of Tables||269|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Type, Distribution Channel, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region wise, the anti-blue ray myopia lenses market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the Asia-Pacific region witnessed the highest revenue share in the anti-blue ray market. As a result of greater study time or playing video games on displays while using mobile phones, myopia is growing more prevalent among children in Asian countries including India, China, and Japan. Myopia has been steadily rising among kids in Southeast Asian & Eastern countries over the past 60 years due to increasing educational pressure on schools which is resulting in regional market growth.
Free Valuable Insights: Global Anti-Blue Ray Myopia Lenses Market size to reach USD 3.7 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EssilorLuxottica SA (Essilor Instruments USA), Carl Zeiss AG, Nikon Corporation, Hoya Corporation, Rodenstock GmbH, Seiko Vision, Shamir Optical Industry Ltd., Shanghai Conaut Optical Co., Ltd., and Glasseslit.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Retail Stores
- Hospital & Clinics
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- EssilorLuxottica SA (Essilor Instruments USA)
- Carl Zeiss AG
- Nikon Corporation
- Hoya Corporation
- Rodenstock GmbH
- Seiko Vision
- Shamir Optical Industry Ltd.
- Shanghai Conaut Optical Co., Ltd.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
What would be the size of the Anti-Blue Ray Myopia Lenses Market by 2028?
The global Anti-Blue Ray Myopia Lenses Market size is expected to reach $3.7 billion by 2028.
What are the key driving factors and challenges in the Anti-Blue Ray Myopia Lenses Market?
Rising Cases of Myopia & High Myopia are driving the market in coming years, however, Reduced Corneal Reflex restraints the growth of the market.
Who are the leading players in the Anti-Blue Ray Myopia Lenses Market?
EssilorLuxottica SA (Essilor Instruments USA), Carl Zeiss AG, Nikon Corporation, Hoya Corporation, Rodenstock GmbH, Seiko Vision, Shamir Optical Industry Ltd., Shanghai Conaut Optical Co., Ltd., and Glasseslit.
What has been the impact of COVID-19 on the global Anti-Blue Ray Myopia Lenses Market?
The industry for anti-blue ray myopia lenses has benefited from COVID-19. Many people spent more time on their digital screens, computers, and mobile devices, as a result of work from home, during the government-enforced lockdown that was implemented to stop the coronavirus illness.
Which segment shows a high revenue share of the Anti-Blue Ray Myopia Lenses Market in 2021?
The Single segment acquired maximum revenue share in the Global Anti-Blue Ray Myopia Lenses Market by Type in 2021 thereby, achieving a market value of $1.9 billion by 2028.
Which region dominated the Anti-Blue Ray Myopia Lenses Market in 2021?
The Asia Pacific segment dominated the Global Anti-Blue Ray Myopia Lenses Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.4 billion by 2028.