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)
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