Overview and Scope
Photochromic lenses refer to specialized optical lenses that darken in response to ultraviolet (UV) light exposure and light when UV light is reduced or absent. These lenses are utilized in eyewear to provide adaptive protection from sunlight, offering convenience by eliminating the need to switch between regular glasses and sunglasses.
Sizing and Forecast
The photochromic lens market size has grown strongly in recent years. It will grow from $6.13 billion in 2023 to $6.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increased awareness about eye protection, a rise in disposable income, a growing aging population, the prevalence of vision-related disorders, urbanization and changing lifestyles.
The photochromic lens market size is expected to see strong growth in the next few years. It will grow to $8.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing demand for convenience, rising adoption of smart eyewear, expanding middle-class population, heightened focus on eye health, and favorable government regulations. Major trends in the forecast period include the integration of photochromic lenses with digital devices, increasing use of eco-friendly materials, advancements in anti-reflective coatings, expanding application in sports eyewear, and growth in the use of augmented reality (AR) in lenses.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/photochromic-lenses-global-market-report
Segmentation & Regional Insights
The photochromic lenses market covered in this report is segmented –
1) By Material: Glass, Polycarbonate, Plastic, Other Materials
2) By Technology: Ultra-Violet (UV) And Visible Light, Imbibing And Trans-bonding, In Mass, Other Technologies
3) By Distribution Channel: Online, Optical Chains, Independent Eye Care Professionals (ECPs)
4) By Application: Corrective, Preventive
North America was the largest region in the photochromic lenses market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the photochromic lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16765&type=smp
Major Driver Impacting Market Growth
The increasing prevalence of eye-related disorders is expected to propel the growth of the photochromic lenses market moving forward. Eye-related disorders refer to a range of conditions affecting the eyes that can impair vision and overall eye health, such as myopia, cataracts, glaucoma, and age-related macular degeneration. The rising occurrence of eye-related disorders is fueled by aging populations, increased screen time, environmental pollution, poor diet, and higher rates of chronic conditions such as diabetes. Photochromic lenses help alleviate eye strain and provide UV protection, offering comfort and improved visual health for individuals with eye-related disorders. For instance, in September 2021, according to the statistics published by the Royal National Institute of Blind People (RNIB), a UK-based sight-loss charity, nearly 2 million people in the UK are currently living with sight loss that significantly affects their daily lives, with expectations suggesting this number could nearly double to almost 4 million by the year 2050. Therefore, the increasing prevalence of eye-related disorders is driving the growth of the photochromic lenses market.
Key Industry Players
Major companies operating in the photochromic lenses market are EssilorLuxottica SA, Corning Incorporated, Mitsui Chemicals Inc., Carl Zeiss AG, HOYA Corporation, VSP Vision Care Inc., Rodenstock GmbH, Shanghai Conant Optics Co. Ltd., Younger Optics Inc., Vision Ease LP, Signet Armorlite Inc., SEIKO Optical Europe GmbH, Vision Dynamics LLC, S.T International Ltd, Optiswiss AG, GKB Optic Technologies Pvt. Ltd., Nikon Lenswear, BBGR Ltd, Norville Opticians Co, Tokai Optical Co. Ltd., Zenni Optical Inc.
The photochromic lenses market report table of contents includes:
1. Executive Summary
2. Photochromic Lenses Market Characteristics
3. Photochromic Lenses Market Trends And Strategies
4. Photochromic Lenses Market – Macro Economic Scenario
5. Global Photochromic Lenses Market Size and Growth
..
32. Global Photochromic Lenses Market Competitive Benchmarking
33. Global Photochromic Lenses Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Photochromic Lenses Market
35.Photochromic Lenses Market Future Outlook and Potential Analysis
36.Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
