Single Vision Lenses Industry Analysis：the global market size is projected to reach USD 15.62 billion by 2030

Single vision lenses have just one prescription, distributing focus evenly over the entire surface of the lens. They are particularly suitable for correcting myopia (nearsightedness), hyperopia (farsightedness), astigmatism and so on.

According to the new market research report “Single Vision Lenses- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Single Vision Lenses market size is projected to reach USD 15.62 billion by 2030, at a CAGR of 6.0% during the forecast period.

• Global Single Vision Lenses MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Single Vision Lenses- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

• Global Single Vision Lenses Top10 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Single Vision Lenses- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

According to QYResearch Top Players Research Center, the global key manufacturers of Single Vision Lenses include EssilorLuxottica, ZEISS, etc.

In 2023, the global top three players had a share approximately 68.0% in terms of revenue.

Market Drivers:

Technological innovation: With the continuous advancement of science and technology, the manufacturing process and material technology of single-vision lenses have been continuously improved, making the products lighter, thinner, and more transparent, improving comfort and visual effects.

Popularization of vision problems: With the attention paid to health and the improvement of living standards, the awareness of eye health has gradually increased, and the demand for diagnosis and correction of vision problems has continued to increase, which has promoted the development of the single-vision lens market.

Population aging trend: With the increasing degree of population aging, the incidence of vision problems among the elderly has increased, and the demand for vision correction products has also increased, further promoting the development of the single-vision lens market.

Changes in lifestyle: Modern people's lifestyles are increasingly dependent on electronic products. The fatigue and visual problems caused by long-term use of electronic devices have increased the demand for single-vision lenses.

Restraint:

Lens price pressure: The manufacturing of single-vision lenses requires high costs, including material costs, technical inputs and production costs, etc., and the market competition is fierce, and the price competition pressure is relatively large, which restricts the profitability and development space of enterprises.

Fierce market competition: The single-vision lens market is highly competitive, not only with domestic and foreign brands, but also with different sales channels such as traditional optical stores and online optical stores. Enterprises need to continuously improve product quality and service levels, as well as conduct marketing and brand promotion, in order to stand out in the fierce competition.

Long technological innovation cycle: The R&D and technological innovation cycle of single-vision lenses is long, requiring high capital investment and time accumulation, and the market's requirements for product performance and quality are constantly improving, which puts higher requirements on the technical strength and R&D capabilities of enterprises.

Insufficient consumer awareness: Some consumers have insufficient awareness of the functions and effects of single-vision lenses, and do not pay enough attention to eye health, which affects the market popularization and sales promotion of products.

Opportunity:

Driven by technological innovation: With the continuous development of science and technology, the application of new materials and new processes will bring about the improvement of the performance of single-vision lens products and the reduction of costs. For example, lighter and thinner lens materials, personalized customized designs, etc. will bring more development opportunities to the industry.

Market demand growth: With people's attention to vision health and the increase in the aging population, the demand for single-vision lenses will continue to grow, especially in the digital lifestyle, the increased pressure on the eyes caused by long-term use of electronic products will stimulate the development of the single-vision lens market.

Demand for personalized customization: Consumers' demand for product personalization and customization is increasing. The single-vision lens industry can meet the needs of different consumers and expand its market share by providing personalized customization services.

Health care policy support: The government's policy support for eye health care and the expansion of medical insurance coverage will promote the application of single-vision lenses in the medical field and expand market space.

About The Authors

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