Global Prescription Lens Market Size & Outlook, 2023-2030
The prescription lens industry worldwide is expected to reach a projected revenue of US$ 65,498.1 million by 2030. A compound annual growth rate of 5.1% is expected of the worldwide prescription lens industry from 2024 to 2030.
Revenue, 2023 (US$M)
$46,117.6
Forecast, 2030 (US$M)
$65,498.1
CAGR, 2024 - 2030
5.1%
Report Coverage
Worldwide
Global prescription lens market, 2018-2030 (US$M)
Related Markets
Global prescription lens market highlights
- The global prescription lens market generated a revenue of USD 46,117.6 million in 2023 and is expected to reach USD 65,498.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, single vision accounted for a revenue of USD 12,501.2 million in 2023.
- Progressive is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 46,117.6 million |
| Market revenue in 2030 | USD 65,498.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bifocal, Trifocal, Progressive, Workspace Progressives, Single Vision |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global prescription lens market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 757.5 million by 2030.
Single vision was the largest segment with a revenue share of 27.11% in 2023. Horizon Databook has segmented the Global prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
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Prescription Lens Market Scope
Prescription lens market segmentation & scope
Others
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global prescription lens market size, by regions, 2018-2030 (US$M)
Top 10 countries: Prescription lens market size, 2023 (US$M)
Global prescription lens market share, by type, 2023 & 2030 (%, US$M)
Prescription lens market: Opportunity assessment by country
Global prescription lens market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8,500.8 | 8,810.0 | 10,870.3 | 11,463.3 | 10,844.7 | 11,463.6 | 11,795.3 | 11,982.5 | 12,411.5 | 12,876.9 | 13,505.8 | 14,297.9 | 15,264.0 | 4.2% |
| Europe | 7,975.2 | 8,280.2 | 10,235.3 | 10,813.8 | 10,249.5 | 10,855.3 | 11,191.1 | 11,391.3 | 11,822.9 | 12,291.3 | 12,918.5 | 13,705.1 | 14,662.7 | 4.4% |
| Asia Pacific | 7,625.5 | 8,212.7 | 10,522.2 | 11,513.6 | 11,294.0 | 12,370.8 | 13,181.6 | 13,859.2 | 14,849.4 | 15,928.2 | 17,263.9 | 18,878.1 | 20,808.1 | 7.7% |
| Latin America | 5,913.6 | 6,117.1 | 7,533.1 | 7,928.5 | 7,485.6 | 7,896.6 | 8,108.2 | 8,219.3 | 8,495.1 | 8,794.1 | 9,202.7 | 9,720.0 | 10,352.3 | 3.9% |
| MEA | 2,722.6 | 2,800.8 | 3,429.7 | 3,588.8 | 3,368.2 | 3,531.4 | 3,603.1 | 3,628.9 | 3,725.6 | 3,830.3 | 3,979.9 | 4,173.0 | 4,411.0 | 3.2% |
| Overall | 32,737.8 | 34,220.8 | 42,590.6 | 45,307.9 | 43,242.0 | 46,117.6 | 47,879.3 | 49,081.1 | 51,304.4 | 53,720.9 | 56,870.7 | 60,773.9 | 65,498.1 | 5.1% |
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