What is Spectacle Lens Market?
Spectacle lenses are made of a transparent material with two polished opposing surfaces that can be expected to focus light rays. These lenses are the most common solution for refractive errors in the eye such as myopia, hyperopia, presbyopia, and astigmatism. In order to correct for a refractive error, the eyeglass lens must have the correct lens power and adequate power distribution along the surface of the lens. Various methods have been developed to measure these properties. This article introduces some of these methods and their optical principles. Lenses are the most important part of any pair of glasses that allow you to enjoy the best possible vision. The choice of lenses is mainly influenced by four factors: vision, safety, appearance, and comfort.
The market study is being classified by Type (Single Vision, Bifocals, Lenticular, Aspheric and Multifocals/Progressives), by Application (Prescription Glass and OTC Reading Glass) and major geographies with country level break-up.
Essilor International SA (France), Carl Zeiss Meditec AG (Germany), Alcon (Switzerland), Hoya Corporation (Japan), Rodenstock GMBH (Germany), Bausch+Lomb (United States), Seiko Optical Products Co. Ltd (Japan), CooperVision (United States), GKB Ophthalmics Ltd. (India), Nikon (Japan) and The Norville Group Ltd (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Conant Optics Co., Ltd (China), Chemilens (South Korea) and MingYue (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Spectacle Lens market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Spectacle Lens market by Type, Application and Region.
On the basis of geography, the market of Spectacle Lens has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Disposable Income of the People in Developing Region
- Growing Awareness Regarding Side Effects of the Dangers of UV Rays Exposure
- Robust Increase in the Distribution Channels
- Growing Acceptance of Vision Corrective Alternatives
- Availability of Low-Quality Products in Cheaper Rates
- Fluctuations in the Raw Material Prices
- Focus on Developing Antibacterial and Night-Vision Lenses
- Changing Consumer Buying Behavior
Under European Directive 2007/47/EC, optical lenses and spectacle frames are considered Class 1 medical devices and subjected to dozens of lab tests and production specifications to ensure optimal lens quality, frame durability, and product safety. and Like most products intended for the EU market, eyewear must carry the iconic CE marking (as per Medical Devices Directive 93/42/EEC). In order to obtain this marking, manufacturers or their EU Representative Agent (for non-EU businesses) must register their product with the Medicines and Healthcare products Regulatory Agency (MHRA).
Key Target AudienceManufacturers of Spectacle Lens, Suppliers of Spectacle Lens, Wholesalers, Distributors, and Retailers of Spectacle Lens, End-User, Potential Investors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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