Industry Background:
Eyeglass lenses are used to correct or recover many types of vision problems. The eyeglass consist of a frame that holds 2 pieces of glass or plastic, which have been ground into lenses to correct refractive errors. Eyeglasses lenses work by adding or deducting focusing power to the eye's cornea and lens. As technology advances, so do lenses. In the past, they were made entirely of glass but now most are made of high-tech plastics. The new ones are lighter, and are not easily breakable as easily as glass, and can be treated with a filter to shield the eyes from damaging ultraviolet (UV) light. Eyeglasses lenses today are fashion accessories, as stylish as purses and belts.This growth is primarily driven by Growing of Aging Population and The Rise in the Number of Children Being Diagnosed With Vision Disorders.
Globally, a noticeable market trend is evident Increasing Awareness about Eye Care
. Major Vendors, such as Vision Ease (United States), Essilor (India), Carl Zeiss AG (Germany), Bausch + Lomb, Inc. (United States), Zeiss (Germany), Nikon (Japan), The Norville Group Ltd (United Kingdom), Rodenstock GmbH (Germany), SEIKO OPTICAL PRODUCTS CO., LTD (Seiko) (Japan) and HOYA (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing of Aging Population
- The Rise in the Number of Children Being Diagnosed With Vision Disorders
Market Trend
- Increasing Awareness about Eye Care
- Growth in Popularity of Tinted and Stylish Prescription Eyeglass Lenses
- Rising trend of Eyewear as a Fashion Quotient
Opportunities
Increasing the Global Eye Health Policies in Developing Countries, Huge Demand for High Quality, Variable Focus Lenses, and Bifocals and Increase in New Innovative Varieties of Eyeglass Lenses
Challenges
Rising Concerns over Eye Infection Related to Lenses
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Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
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Open Up New Markets
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Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis