Asia Pacific Prescription Lens Market Size, Share & Industry Trends Analysis Report By Coating, By Application (Myopia, Hyperopia/Hypermetropia, Astigmatism and Presbyopia), By Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Prescription Lens Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
To give patients better vision in diverse settings, prescription lenses can be coated in a variety of ways. Prescription lenses with anti-reflective coatings are popular because they have the advantage of removing reflection and lowering contrast. Contrarily, the market for prescription lenses with UV coating is expanding, mostly as a result of the increased need to block dangerous UV rays. The demand for UV-coated products is rising as a result of the potential for these UV radiations to cause a variety of eye-related illnesses.
Players in the market are concentrating on developing partnerships to increase the appeal of their products. In a similar vein, non-profit organizations are launching programs that aim to address vision impairment brought on by refractive defects. UV light exposure has been linked to a number of eye conditions, including macular degeneration and cataracts. People prefer UV-coated lenses as a result to prevent vision issues.
The primary driver of the demand for prescription lenses in China over the course of the forecast period is anticipated to be the sustained use of computers, smartphones, and tablets, which causes digital eye strain as well as chronic eye damage in children and young adults. Accessibility to cutting-edge treatment facilities, a rise in the number of people with eye illnesses, increased investments in healthcare infrastructure, and an increase in the population with eye problems are creating more demand for various eye products and treatments in China.
The China market dominated the Asia Pacific Prescription Lens Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,221.6 million by 2028.The Japan market is estimated to grow a CAGR of 5.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.6% during (2022 - 2028).
Based on Coating the market is segmented into Anti-reflective, Scratch Resistant Coating, Anti-fog Coating and Ultraviolet Treatment. Based on Application, the market is segmented into Myopia, Hyperopia/Hypermetropia, Astigmatism and Presbyopia. Based on Type the market is segmented into Single Vision, Workspace Progressives, Progressive, Trifocal, Bifocal and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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, Hoya Corporation, VISION EASE, Privé Revaux, and Vision Rx Lab Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Scratch Resistant Coating
- Anti-fog Coating
- Ultraviolet Treatment
- Single Vision
- Workspace Progressives
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- EssilorLuxottica SA (Essilor Instruments USA)
- Carl Zeiss AG
- Hoya Corporation
- VISION EASE
- Privé Revaux
- Vision Rx Lab Pvt. Ltd.
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