This report provides exclusive insights into the COVID-19 impact on the 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 Photochromic Lenses Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of 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.
A recent report published by Infinium Global Research
on photochromic lenses market provides in-depth analysis of segments and
sub-segments in global as well as regional photochromic lenses market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional photochromic lenses market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global photochromic lenses market. According to the report the
global photochromic lenses market is projected to grow at a CAGR of 3.7% over
the forecast period of 2018-2024.
Photochromic lenses are
optical lenses that gradually darkens when exposed to specific types of light
of sufficient intensity and return to their original state when it is removed.
These provide greater comfort to eyes and protection against the ultraviolet rays
and other light with high intensity. Formation of photochromic lenses uses
different materials such as polycarbonate, glass, and plastic. Photochromic
lenses usually are used in the sunglasses and window that darken when the sunshine’s too bright and immediately become clear in low light condition. They
are used who suffers from eye surgery caused by diabetic retinopathy and cataract.
According to the latest
assessment of the world health organization, cataract is responsible for 51% of
world blindness that represents about 20 million people. Growing aged
population across the world along increasing the prevalence of eye diseases and
rising the awareness related to eye diseases are driving the growth of photochromic
lenses market. Moreover, photochromic lenses are used for the vision correction
among the older people and the introduction of improved quality of photochromic
lenses are likely to have a positive impact on the market. However, the
discomfort related to the use of photochromic lenses market hampers the growth of
photochromic lenses market. Moreover, rapid growing population among the world
and more technological advancement are anticipated to create growth
opportunities for the photochromic lenses market in the near future.
Among the geographies,
Europe was the leading region for the photochromic market followed by the North
America. The focus on research and development activities in the photochromic
lenses and growing aged population are expected to create a demand for this
market in this region. North America is the second largest region for the photochromic lenses market. Rising merger and acquisition among the leading manufacturers
and increasing the prevelaves of chronic eye diseases are the major factors
anticipated to boost the market in this region. The Asia-Pacific region is
projected to grow at the high growth rate in photochromic Lenses market over the
forecast period. The countries such as China and India are the fastest growing
region in this market.
The report on global photochromic lenses market covers
segments such as technology type, distribution channel and lenses type. On the
basis of technology type, the global photochromic lenses market is categorized
into the mass, imbibing and trans bonding and UV and visible light. On the basis
of the distribution channel, the global photochromic lenses market is categorized
into online, optical chains and independent eye care professionals. On the
basis of lenses type the global photochromic lenses market is categorized into
glass, polycarbonate, and plastic.
The countries covered in the North America region
include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan,
India, South Korea, Malaysia, and among others. Moreover, Germany, U.K.,
France, Spain, and Rest of Europe are included in the European region. The U.S.
drives the growth in the North America region as it is the largest market in
the region. The Asia-Pacific region offers a substantial potential for the
market growth owing to rapid growth in markets such as India and China. The
APAC region is projected to experience a growth at a CAGR of x.x% over the
period of 2018-2024.
The report provides profiles of the companies in the
global photochromic lenses market such as Carl Zeiss Meditec AG, Corning
Incorporated, Essilor International S.A., Vision Dynamics LLC, Seiko Optical Products Co., Ltd., Tokai Optical Co., Ltd., Optiswiss AG, Transitions Optical
Limited, and Hoya Corporation.
The report provides deep insights on demand forecasts,
market trends, and micro and macro indicators. In addition, this report provides
insights on the factors that are driving and restraining the global
photochromic lenses market. Moreover, IGR-Growth Matrix analysis given in the
report brings an insight on the investment areas that existing or new market
players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
photochromic lenses market. Moreover, the study highlights current market trends
and provides forecast from 2018-2024. We also have highlighted future trends in
the photochromic lenses market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the photochromic lenses market to
understand the present and future trends in this market and formulate their