China Photochromic Lenses Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030

The country research report on China photochromic lenses market is a customer intelligence and competitive study of the China market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the China market. Also, factors that are driving and restraining the photochromic lenses market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of photochromic lenses market in China.

 Market Insight

The ophthalmology industry is growing at a steady rate for the past few years. This is because of an increase in the aging population, a large patient pool for eye diseases, and increasing awareness about eye diseases in the country. Photochromic lenses are those which when exposed to UV rays or radiation tints evades the harmful rays to reach the human eye. Whereas, when the same lenses are used indoors where there is no direct sunlight containing the harmful UV rays or radiation, it returns to a clear state. The market for photochromic lenses is rising owing to the increasing levels of ultraviolet radiation in the atmosphere resulting in the augmented prevalence of eye diseases. With the growing geriatric population, the country is witnessing a substantial increase in the number of patients suffering from chronic diseases.

 China's photochromic lenses market size is expected to reach USD 950 million in 2026, with a CAGR of 9.25% during the forecast period. The significant factors attributing to the market's growth are the increase in the country’s aging population and the growing demand for photochromic lenses among the elderly population is anticipated to propel the photochromic lens market. As stated by the World Population Ageing 2019 report, in China population aged above 65 years or over is projected to reach 246.98 million by 2030 from 164.48 million in 2019. As the aged population is more prone to eye diseases this will boost the market growth during the forecast period. Furthermore, factors such as the advancements in technology, rising retail outlets, and gains of comfort and style will boost the market for photochromic lenses in China during the forecast period. In addition, the continued growth of the increased cases of eye disease, growing ophthalmology diagnostic processes, and growing awareness among individuals will have a positive impact on the growth of the market in China. On the other hand, discomfort and other drawbacks associated with the usage of photochromic lenses are restraining the China photochromic lenses market.

 The spread of COVID-19 started from Wuhan, China in November 2019, and till March 2020, the infection was declared a pandemic by the WHO. The pandemic had a fairly negative effect on the Chinese economy. The China photochromic lenses market experienced a negative impact from the COVID-19 pandemic. The China photochromic lenses market was affected by the lower demand in the beginning and disrupted the supply chain during the pandemic period. On the other hand, the demand for photochromic lenses increased as many people spent a large part of their day looking at computer screens while working remotely.

 Segments Covered

The report on China photochromic lenses market provides a detailed analysis of segments in the market based on technology type, distribution channel, and lenses type.

 Segmentation Based on Technology Type

·        In Mass

·        Imbibing and Trans Bonding

·        UV and Visible Light

 Segmentation Based on Distribution Channel

·        Online

·        Optical Chains

·        Independent Eye Care Professionals

 Segmentation Based on Lenses Type

·        Glass

·        Polycarbonate

·        Plastic

 Highlights of the Report

The report provides detailed insights into:

 1) Demand and supply conditions of the photochromic lenses market

 2) Factor affecting the photochromic lenses market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in the photochromic lenses market and their competitive position in China

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (China) photochromic lenses market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2030

 The report answers questions such as:

 1) What is the market size of the photochromic lenses market in China?

 2) What are the factors that affect the growth in the photochromic lenses market over the forecast period?

 3) What is the competitive position in China photochromic lenses market?

 4) What are the opportunities in China photochromic lenses market?

 5) What are the modes of entering China's photochromic lenses market?