The ophthalmic lens market size is forecast to grow by USD 14.3 billionbetween 2022 and 2027 at a CAGR of 4.85%. The growth of the market is driven by the increasing prevalence of refractive errors. The prevalence of refractive errors such as myopia, hyperopia, cataract, and astigmatism is increasing globally. Myopia is the most common refractive error that occurs in children. Hyperopia affects both children and adults, and it is one of the leading causes of visual impairment. The prevalence of refractive disorders such as presbyopia and cataract is high among the geriatric population. With the expanding geriatric population globally, the demand for ophthalmic lenses will increase during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample
Regional Analysis
By region, the global Ophthalmic lens market is segmented into North America, Europe, Asia, and the Rest of World (ROW). North America will account for 45% of market growth during the forecast period. Factors such as the aging population and increasing healthcare expenditure are driving the growth of the ophthalmic lens market in North America.
Company Profiles
The Ophthalmic lens market report includes information on the key products and recent developments of leading vendors, including:
- Corning Inc. – The company offers Ophthalmic lens solutions such as High-Index and Photochromic Glass, and High Resistance Glass for Molds.
- EssilorLuxottica SA – The company offers Ophthalmic lenses through its brands, such as Crizal, Oakley, Xperio, Eyezen, and others.
- Halma Plc – The company offers Ophthalmic lenses through its brand Volk Optical.
- HOYA Corp. – The company offers Ophthalmic lenses such as Anodic Bonding Glass (SD2), NIR Polarizer Glass CUPO, and Radiation Shield Glass (RB series).
Market Dynamics
The market is driven by factors such as the increasing prevalence of refractive errors, technological advances in ophthalmic lenses, and initiatives to create awareness about benefits and advances in ophthalmic lenses. However, the high cost of ophthalmic lenses will hinder the market growth.
Competitive Analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
Market Segmentation
- By end-users, the market is segmented into consumers, hospitals and clinics, and ambulatory surgery centers.
- By geography, the market is segmented into North America, Europe, Asia, and the Rest of World (ROW).
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What are the key data covered in this ophthalmic lens market report?
- CAGR of the market during the forecast period.
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the ophthalmic lens market and its contribution to the parent market.
- Accurate predictions about upcoming trends and changes in consumer behavior.
- Growth of the market across North America, Europe, Asia, and the Rest of World (ROW).
- A thorough analysis of the market’s competitive landscape and detailed information about vendors.
- Comprehensive analysis of factors that will challenge the growth of ophthalmic lens market vendors.
| Ophthalmic Lens Market Scope | |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 4.85% |
| Market growth 2023-2027 | USD 14.3 billion |
| Market structure | Fragmented |
| YoY growth (%) | 4.45 |
| Regional analysis | North America, Europe, Asia, and Rest of World (ROW) |
| Performing market contribution | North America at 45% |
| Key countries | US, Germany, France, China, and Japan |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Aksh Optifibre, Alcon Inc., Alpine Research Optics, Bausch Health Co. Inc., Bod Lenses, Camax Optical Corp., Carl Zeiss AG, Corning Inc., EssilorLuxottica, EssilorLuxottica SA, Halma Plc, HOYA Corp., Jiangsu Hongchen Group Co. Ltd., Johnson and Johnson, Mitsui Chemicals Inc, Nikon Corp., Privo, Rodenstock GmBH, Shamir Ltd., SynergEyes Inc., The Cooper Companies Inc., The Walman Optical Co., and VISION EASE |
| Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global ophthalmic lens market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on Global ophthalmic lens market 2017 – 2021 ($ billion)
- 4.2 End users Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – End users Segment 2017 – 2021 ($ billion)
- 4.3 Product Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user
- 6.3 Consumers – Market size and forecast 2022-2027
- Exhibit 34: Chart on Consumers – Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Consumers – Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Consumers – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Consumers – Year-over-year growth 2022-2027 (%)
- 6.4 Hospitals and clinics – Market size and forecast 2022-2027
- Exhibit 38: Chart on Hospitals and clinics – Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Hospitals and clinics – Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Hospitals and clinics – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Hospitals and clinics – Year-over-year growth 2022-2027 (%)
- 6.5 Ambulatory surgery centers – Market size and forecast 2022-2027
- Exhibit 42: Chart on Ambulatory surgery centers – Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Ambulatory surgery centers – Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Ambulatory surgery centers – Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Ambulatory surgery centers – Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by End-user
- Exhibit 46: Market opportunity by End-user ($ billion)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 47: Chart on Product – Market share 2022-2027 (%)
- Exhibit 48: Data Table on Product – Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 49: Chart on Comparison by Product
- Exhibit 50: Data Table on Comparison by Product
- 7.3 Spectacle lens – Market size and forecast 2022-2027
- Exhibit 51: Chart on Spectacle lens – Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Spectacle lens – Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Spectacle lens – Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Spectacle lens – Year-over-year growth 2022-2027 (%)
- 7.4 Contact lens – Market size and forecast 2022-2027
- Exhibit 55: Chart on Contact lens – Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Contact lens – Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Contact lens – Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Contact lens – Year-over-year growth 2022-2027 (%)
- 7.5 IOLs – Market size and forecast 2022-2027
- Exhibit 59: Chart on IOLs – Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on IOLs – Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on IOLs – Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on IOLs – Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Product
- Exhibit 63: Market opportunity by Product ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison
- 9.3 North America – Market size and forecast 2022-2027
- Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.4 Europe – Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.5 Asia – Market size and forecast 2022-2027
- Exhibit 77: Chart on Asia – Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on Asia – Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on Asia – Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Asia – Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) – Market size and forecast 2022-2027
- Exhibit 81: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
- 9.7 US – Market size and forecast 2022-2027
- Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.8 China – Market size and forecast 2022-2027
- Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.9 Germany – Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.10 Japan – Market size and forecast 2022-2027
- Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
- 9.11 France – Market size and forecast 2022-2027
- Exhibit 101: Chart on France – Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on France – Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on France – Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on France – Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 109: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 110: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification
- 12.3 Alpine Research Optics
- Exhibit 112: Alpine Research Optics – Overview
- Exhibit 113: Alpine Research Optics – Product / Service
- Exhibit 114: Alpine Research Optics – Key offerings
- 12.4 Bausch Health Co. Inc.
- Exhibit 115: Bausch Health Co. Inc. – Overview
- Exhibit 116: Bausch Health Co. Inc. – Business segments
- Exhibit 117: Bausch Health Co. Inc. – Key news
- Exhibit 118: Bausch Health Co. Inc. – Key offerings
- Exhibit 119: Bausch Health Co. Inc. – Segment focus
- 12.5 Camax Optical Corp.
- Exhibit 120: Camax Optical Corp. – Overview
- Exhibit 121: Camax Optical Corp. – Product / Service
- Exhibit 122: Camax Optical Corp. – Key offerings
- 12.6 Carl Zeiss AG
- Exhibit 123: Carl Zeiss AG – Overview
- Exhibit 124: Carl Zeiss AG – Business segments
- Exhibit 125: Carl Zeiss AG – Key offerings
- Exhibit 126: Carl Zeiss AG – Segment focus
- 12.7 Corning Inc.
- Exhibit 127: Corning Inc. – Overview
- Exhibit 128: Corning Inc. – Business segments
- Exhibit 129: Corning Inc. – Key news
- Exhibit 130: Corning Inc. – Key offerings
- Exhibit 131: Corning Inc. – Segment focus
- 12.8 EssilorLuxottica
- Exhibit 132: EssilorLuxottica – Overview
- Exhibit 133: EssilorLuxottica – Business segments
- Exhibit 134: EssilorLuxottica – Key news
- Exhibit 135: EssilorLuxottica – Key offerings
- Exhibit 136: EssilorLuxottica – Segment focus
- 12.9 EssilorLuxottica SA
- Exhibit 137: EssilorLuxottica SA – Overview
- Exhibit 138: EssilorLuxottica SA – Business segments
- Exhibit 139: EssilorLuxottica SA – Key offerings
- Exhibit 140: EssilorLuxottica SA – Segment focus
- 12.10 Halma Plc
- Exhibit 141: Halma Plc – Overview
- Exhibit 142: Halma Plc – Business segments
- Exhibit 143: Halma Plc – Key news
- Exhibit 144: Halma Plc – Key offerings
- Exhibit 145: Halma Plc – Segment focus
- 12.11 HOYA Corp.
- Exhibit 146: HOYA Corp. – Overview
- Exhibit 147: HOYA Corp. – Business segments
- Exhibit 148: HOYA Corp. – Key offerings
- Exhibit 149: HOYA Corp. – Segment focus
- 12.12 Jiangsu Hongchen Group Co. Ltd.
- Exhibit 150: Jiangsu Hongchen Group Co. Ltd. – Overview
- Exhibit 151: Jiangsu Hongchen Group Co. Ltd. – Product / Service
- Exhibit 152: Jiangsu Hongchen Group Co. Ltd. – Key offerings
- 12.13 Johnson and Johnson
- Exhibit 153: Johnson and Johnson – Overview
- Exhibit 154: Johnson and Johnson – Business segments
- Exhibit 155: Johnson and Johnson – Key news
- Exhibit 156: Johnson and Johnson – Key offerings
- Exhibit 157: Johnson and Johnson – Segment focus
- 12.14 Mitsui Chemicals Inc
- Exhibit 158: Mitsui Chemicals Inc – Overview
- Exhibit 159: Mitsui Chemicals Inc – Business segments
- Exhibit 160: Mitsui Chemicals Inc – Key offerings
- Exhibit 161: Mitsui Chemicals Inc – Segment focus
- 12.15 Nikon Corp.
- Exhibit 162: Nikon Corp. – Overview
- Exhibit 163: Nikon Corp. – Business segments
- Exhibit 164: Nikon Corp. – Key news
- Exhibit 165: Nikon Corp. – Key offerings
- Exhibit 166: Nikon Corp. – Segment focus
- 12.16 Privo
- Exhibit 167: Privo – Overview
- Exhibit 168: Privo – Product / Service
- Exhibit 169: Privo – Key offerings
- 12.17 VISION EASE
- Exhibit 170: VISION EASE – Overview
- Exhibit 171: VISION EASE – Product / Service
- Exhibit 172: VISION EASE – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 173: Inclusions checklist
- Exhibit 174: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 175: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 176: Research methodology
- Exhibit 177: Validation techniques employed for market sizing
- Exhibit 178: Information sources
- 13.5 List of abbreviations
- Exhibit 179: List of abbreviations
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