Global Progressive Lenses Market Report 2022 to 2027 - Rise of E-commerce as a Preferred Distribution Channel Contributes Growth - ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Progressive Lenses Market – Global Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global progressive lenses market is expected to grow at a CAGR of 4.37% during 2021-2027. The market plays an important role in restoring multiple vision dysfunctions, including refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. The clinical aspect of vision care involves the prevention of eye diseases as well as temporary and complete vision correction. The demand for eye care products in the global progressive lenses market is continually increasing with the growing prevalence of visual dysfunctions in developed and developing countries.

Progressive lenses are multifocal lenses specifically for people needing corrective lenses to see distant and close objects. These lenses allow you to see clearly at multiple distances without a bifocal line. The need for a progressive lens increases with age. By age 35 or 40, many people have difficulty focusing their eyes on nearby or distant objects.

This condition is known as refractive error, and to compensate for this focusing problem, some people wear single-vision eyeglasses for distance and reading glasses for close. Eyeglasses come in a variety of types. This includes a single-vision lens with one power or strength over the entire lens or a bifocal or trifocal lens with multiple strengths over the entire lens. But multifocal lenses are designed with different prescription areas.

As people age, the ability to see near and far objects may decline. The progressive lenses market meets different visual needs in one lens. Usually, the top of the lens incorporates the ‘distance’ field of view and the bottom the ‘near’ field of view. Rather than separating the lines that separate these areas, progressive lenses are blended so that the central portion of the lens acts as intermediate vision correction when needed. In contrast to traditional bifocal or trifocal lenses, no visible lines separate the different fields in progressive lenses. Compared to bifocal lenses, progressive lenses can protect the neck and posture.

The acceptance in the progressive lenses market was mainly concentrated in developed countries such as the U.S., Japan, the UK, Germany, and France. However, developing Asian countries such as India and China are witnessing increased demand for progressive lenses owing to the growing target population with refractive error and visual impairment eye disorders and aggressive retail optical stores marketing campaigns.

MARKET TRENDS & OPPORTUNITIES

Growing prevalence of computer vision syndrome (CVS)

According to the Vision Council, at least 60% of American men and 65% of American women report CVS symptoms, 80% of adults use digital devices for more than two hours a day, and more than 65% of adults use at least two devices at the same time. About 80% of adults use a digital device before bedtime, and at least 70% of adults report that their child spends at least two hours of screen time.
Simultaneous use of 2 or more devices increased the risk of CVS compared to the use of 1 device at a time; the reported prevalence was 75 % and 53 %, respectively. Over the last few years, there has been a significant increase in the average number of hours spent accessing and consuming digital content, resulting in the rise of eye disorders are driving the global progressive lenses market growth.

The Emergence Of Digital Progressive Lenses And Technological Advancements

Digital lenses are ideal for many progressive spectacle wearers, especially with the latest algorithms used to surface these lenses. These advanced progressive designs have many advantages over standard progressive lenses as the Progressive lenses are slightly improved with each advancement released.
Manufacturers have developed different concepts for new progressive lens technology in the progressive lens market. While some manufacturers require technical equipment to collect biometric data on the corneal shape to optimize the cornea further, others offer a broader range of products rather than highly specialized ones.

Rise of E-commerce as a Preferred Distribution Channel

The rise in e-commerce as a distribution channel has contributed to the growing global demand for vision care products in the progressive lenses market. The internet plays a broader role as a supplier of consumer information & providing a platform for price referencing.
For vision care products like progressive lenses, channel consolidation is rising and vertically combined. The vendors are developing an automated ordering system to allow users to order progressive lenses online, which will positively affect everyone involved in the practice.

Market Segmentation

by Material