This report provides exclusive insights into the COVID-19 impact on the China Photochromic Lenses Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends, and forecasts of the China Photochromic Lenses Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of China Photochromic Lenses Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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 found 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.
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
Segmentation Based on Distribution Channel
Eye Care Professionals
Segmentation Based on Lenses Type
Highlights of the Report
The report provides detailed
1) Demand and supply
conditions of 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
4) Key trends and future
5) Leading companies
operating in 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
The report answers questions
1) What is the market size
of photochromic lenses market in China?
2) What are the factors that
affect the growth in 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?