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Photochromic Lenses Market (Technology Type - In Mass, Imbibing and Trans Bonding, UV and Visible Light; Distribution Channel - Online, Optical Chains and Independent Eye Care Professionals; Lenses Type - Glass, Polycarbonate, Plastic; Region - NA, EU, APAC, and RoW): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

  • Published : September, 2018

  • Rep Id : HC0382

  • Category : Healthcare & Medical Devices

  • Status : Published

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.


Global Photochromic Lenses Market

Market Insight

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.

 

Segment Covered

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.

 

Geographic Coverage

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.

 

Companies Profiled:

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.

 

Report Highlights:

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 strategies accordingly.


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