Asia Pacific Prescription Lens Market Size & Outlook
Asia Pacific prescription lens market, 2018-2030 (US$M)
Related Markets
Asia Pacific prescription lens market highlights
- The Asia Pacific prescription lens market generated a revenue of USD 12,370.8 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, single vision was the largest revenue generating type in 2023.
- Progressive is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 12,370.8 million |
| Market revenue in 2030 | USD 20,808.1 million |
| Growth rate | 7.7% (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 |
| Key market players worldwide | Essilorluxottica, ZEISS Group, Hoya Corp, Privé Revaux, Vision Ease Eyewear, Seiko Optical Products, Vision Rx Lab |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.8% of the global prescription lens market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,808.1 million by 2030.
Single vision was the largest segment with a revenue share of 27.15% in 2023. Horizon Databook has segmented the Asia Pacific prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific (APAC) is expected to grow at the fastest rate over the forecast period, which can be attributed to the increasing prevalence of myopia and high myopia. This is observed especially in the east and south east countries of Asia, such as China, Japan, Republic of Korea, and Singapore, which had prevalence of approximately 50% in 2018.
The prevalence of high myopia is expected to increase by 24% by 2050 in the abovementioned countries. Moreover, countries such as India where the prevalence of myopia was estimated as low in the past are expected to exhibit major increase by 2050.
With the increasing prevalence of myopia in the APAC region, governments are focusing on supporting treatment procedures that reduce the rate of progression, because it has been found that reducing the rate of progression can reduce the prevalence of myopia by 90%.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific prescription lens market size, by country, 2018-2030 (US$M)
Asia Pacific Prescription Lens Market Share, 2023 & 2030 (US$M)
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