Global Eyeglass Lenses Market Research and Analysis: Market Size Growing at a CAGR of 2.67% from 2024 to 2029

Global Eyeglass Lenses Market Overview

According to Global Market Monitor, the global eyeglass lenses market size will reach $45.58 billion in 2024 with a CAGR of 2.67% from 2024 to 2029.Eyeglass Lenses are made of optical materials such as glass or resin and are transparent materials with one or more curved surfaces. After polishing, it is often assembled with the spectacle frame to correct the user's vision and obtain a clear vision.

The Growing Incidence ofVision Impairment Has Created a High Demand for Lenses.

There is a growing occurrence of myopia globally, mainly among younger populations. Factors like multiplied display screen time, reduced outdoor activities, and genetic predisposition lead to the myopia epidemic.Around 2.2 billion people suffer from near or distant vision impairment, as per the World Health Organization (WHO). Out of this number, at least 1 billion cases of vision impairment could have been prevented or has yet to be addressed. This is anticipated to create growth opportunities for eyeglass lens manufacturers.

The United States remains the frontrunner in eyeglass lens adoption globally. Multiple factors are providing impetus for the growth of the United States industry, including rising incidence of eye diseases, growing emphasis on eye care, and adoption of advanced lens technologies.As per the Centers for Disease Control and Prevention (CDC), around 12 million people aged 40 and above in the United States have vision impairment. This is creating a high demand for corrective lenses in the nation.

Analysis of Market Trends

As people’s awareness of visual impairment conditions and available vision correction solutions continues to increase, and so does the demand for these devices. Even in developed areas of the world, due to factors such as the increasing number of elderly people, the trend of vision correction is increasing.

In addition, people who work for several hours in front of a computer experience various eye problems. Therefore, some companies are thinking of advanced technology to enhance eyeglass lenses to protect people from harmful radiation from computers. The development of technologically advanced prescription lens will contribute to the growth of the overall market.

With the combination of advanced technologies and the development of enhanced prescription lenses, the emergence of online vision testing platforms is also expected to drive market growth. Online vision testing is one of the effective measures taken by the company to make vision care accessible and convenient. These online tests are expected to help quickly diagnose refractive errors, thereby driving the adoption of prescription lenses.

By Type	1.56
	1.60
	1.67
	1.71
	1.74
	1.76
	1.80
	1.71 segment contributes the largest market share.
By Application	Retail Store
	Online store
	Ophthalmic Clinics
	The retail store segment occupies the biggest share.

For more industry information, please refer to our latest released "2023 Global Eyeglass Lenses Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".