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What is the present valuation and projected CAGR of the single vision lenses market?
The single vision lenses market size has grown steadily in recent years. It will grow from $7.03 billion in 2024 to $7.37 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to the development of new materials, the introduction of digital lens designs and freeform technology, improvements in surgical techniques, continuous research efforts in optics and materials, and a surge in medical tourism for vision correction surgeries.
The single vision lenses market size is expected to see steady growth in the next few years. It will grow to $8.75 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to the growth of industrial sectors necessitating protective eyewear, awareness of UV protection and blue light filtering, improvement in healthcare facilities and eyecare clinics, and globalization of manufacturing. Major trends in the forecast period include increasing demand for presbyopia-correcting lenses, growing prevalence of myopia, hyperopia, astigmatism, and presbyopia, implementation of vision care programs, adoption of telehealth services, and policies promoting vision care and insurance coverage for eyewear.
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Single Vision Lenses Market Report 2025
What key drivers have fueled the single vision lenses market’s development over the years?
The increasing prevalence of myopia is expected to propel the growth of the single vision lenses market going forward. Myopia, commonly known as nearsightedness, is a refractive error of the eye where distant objects appear blurry while close objects can be seen clearly. The prevalence of myopia is rising due to increased screen time, prolonged work, and aging populations. Single vision lenses correct myopia by focusing light directly on the retina, improving distance vision. For instance, in September 2024, according to BMJ Publishing Group, a UK-based published by a health organization, over 36% of children and adolescents worldwide are affected by myopia. This marks a significant increase from earlier decades, with projections indicating that the number of myopic individuals could exceed 740 million by 2050. Therefore, the increasing prevalence of myopia is driving the growth of the single vision lenses market.
What is the segmentation for the single vision lenses market?
The single vision lenses market covered in this report is segmented –
1) By Type: Spherical, Aspherical, Freeform
2) By Material: Glass, Polycarbonate, Other Material Types
3) By Age Group: Less Than 18 Years, Greater Than Or Equal To 18 Years And Less Than 40 Years, Greater Than Or Equal To 40 Years
4) By Application: Hyperopia (Farsightedness), Myopia (Nearsightedness), Astigmatism, Presbyopia
Subsegments:
1) By Spherical: Standard Spherical Lenses, High-Index Spherical Lenses
2) By Aspherical: High-Index Aspherical Lenses, Polycarbonate Aspherical Lenses
3) By Freeform: Customized Freeform Lenses, Digital Freeform Lenses
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Single Vision Lenses Market Report 2025
Who are the most influential companies in the single vision lenses market?
Major companies operating in the single vision lenses market are Essilor Luxottica, Hoya Corporation, Nikon Corporation, Carl Zeiss AG, Johnson & Johnson Vision, Rodenstock GmbH, Shamir Optical Industry Ltd., Norville, Leica Camera AG, Vision-Ease Lens, Younger Optics Asia Pacific Ltd., iCoat Company LLC, Seiko Optical Products Co. Ltd., GKB Optic Technologies Pvt. Ltd., Optiswiss AG, KODAK Lens, Augen Optics, Opticote Inc., Tokai Optical Co. Ltd., Shanghai Conant Optics Co. Ltd., Jiangsu Aogang Optical Glasses Co. Ltd., Central Optical Co. Ltd.
What are the top industry trends projected to impact the single vision lenses market?
Major companies operating in the single vision lenses market are focusing on developing advanced products, such as lenses with 360° visual, to gain a competitive edge in the market. Single vision lenses with 360° visual clarity offer comprehensive focus across all angles, enhancing vision precision for various activities and daily tasks. They provide seamless correction without compromising peripheral vision, ensuring comfort and clarity in everyday use. For instance, in September 2022, HOYA Corporation, a Japan-based optical company, launched MySV single-vision lenses with 360° Visual Comfort, the latest addition to its free-form single-vision lens portfolio. MySV lenses allow wearers to achieve 360° visual comfort by integrating four key elements into the design, and ultimately the patient experience, to bring confidence to the wearer in all situations.
What are the major regional insights for the single vision lenses market, and which region holds the top position?
North America was the largest region in the single vision lenses market in 2024. The regions covered in the single vision lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Single Vision Lenses Market Report 2025 Offer?
The single vision lenses market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Single vision lenses are corrective lenses designed to correct vision at a single distance, either for nearsightedness (myopia) or farsightedness (hyperopia). Unlike multifocal lenses, they have uniform optical power throughout, offering clear vision either for close-up tasks or distance vision, depending on the prescription. These lenses are commonly used in eyeglasses for everyday wear and can be made from various materials, including plastic and glass, to accommodate different needs for durability, weight, and optical clarity.
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Single Vision Lenses Market Report 2025
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