PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1671867
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1671867
Global Prescription Lenses Market is estimated to be valued at US$ 50.15 Bn in 2025 and is expected to reach US$ 73.93 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | US$ 50.15 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 5.70% | 2032 Value Projection: | US$ 73.93 Bn |
The global prescription lenses market has been witnessing steady growth in the past few years due to increasing prevalence of visual impairments across the globe. Prescription lenses are used as corrective lenses by people suffering from refractive errors such as myopia, hyperopia, and astigmatism. Growing geriatric population who are more susceptible to vision related issues, changing lifestyle leading to lack of outdoor activities, and rising usage of digital devices are some key factors boosting the demand for prescription lenses. Moreover, technological advancements in lens manufacturing coupled with rising consumer disposable income in developing nations are creating new avenues for players in this market. However, availability of corrective surgeries and preference for contact lenses in some countries may limit the adoption of prescription lenses to a certain extent during the forecast period.
The global prescription lenses market is driven by the rising geriatric population worldwide coupled with increasing prevalence of eye disorders. As per WHO, around 2.2 billion people suffer from near or distance vision impairment, with lack of access to eye care services in underdeveloped regions. Rapid urbanization and hectic lifestyle have resulted in visual impairments among young adults as well due to prolonged usage of digital devices. This is expected to generate significant demand for corrective lenses. However, preference for refractive surgeries and contact lenses in certain territories amid availability of advanced options may restrain the market growth. Moreover, increasing eye care awareness through initiatives by governments and NGOs especially in emerging nations presents lucrative opportunities for players. Technological advancements in terms of lightweight, scratch resistant and high-definition lenses will further augment the demand during the forecast period.
This report provides in-depth analysis of the global prescription lenses market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global prescription lenses market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include EssilorLuxottica, Johnson & Johnson Vision Care, Hoya Corporation, Carl Zeiss AG, Nikon Corporation, CooperVision, Safilo Group, Bausch + Lomb, Ray-Ban, Marchon Eyewear, Modo Eyewear, Silhouette International, De Rigo Vision, Warby Parker, and Fielmann AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global prescription lenses market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global prescription lenses market