North America 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 North America Prescription Lens Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
Progressive lenses, commonly referred to as "no-line" bifocals, are fantastic for the majority of people but can cause issues for individuals. Regular bifocal or trifocal lenses could be a better option in these circumstances. Doctors might ask the patients for a segment height measurement so they can build progressive lenses for new frames.
The need for prescription lenses is estimated to grow as refractive error cases primarily myopia and astigmatism become more common. Prescription lenses assist in addressing the eyes' failure to reflect light onto the retina for improved vision. These lenses are favored according to the refractive order and come in a variety of shapes and coatings. Myopia is corrected with concave prescription lenses, hyperopia with convex prescription lenses, and astigmatism with cylindrical prescription lenses.
Demand for healthcare services in Canada is increasing as the population gets older. Despite this, the sector is growing due to factors such as the replacement of older, more expensive products, rising prices for current products, and greater per-patient use of medical supplies. As the country concentrates on creating medical devices, technologies like surgical simulation, robotic surgery, mobile health, and wearables like prescription lenses are predicted to witness significant growth.
The US market dominated the North America Prescription Lens Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16,423.6 million by 2028.The Canada market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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