China Prescription Lens Market Size & Outlook, 2023-2030
China prescription lens market, 2018-2030 (US$M)
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China prescription lens market highlights
- The China prescription lens market generated a revenue of USD 2,621.9 million in 2023 and is expected to reach USD 4,463.2 million by 2030.
- The China market is expected to grow at a CAGR of 7.9% 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.
Prescription lens market data book summary
| Market revenue in 2023 | USD 2,621.9 million |
| Market revenue in 2030 | USD 4,463.2 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 5.7% of the global prescription lens market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,463.2 million by 2030.
Single vision was the largest segment with a revenue share of 27.03% in 2023. Horizon Databook has segmented the China prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to experience growth over the forecast period, due to the presence of several smalland large-scale optical lens manufacturing companies in regions of Guangdong, Jiangsu, & others, involved in both exporting & importing of eyewear, including prescription lenses.
In addition, the growing burden of myopia in China is expected to increase the demand for treatment. According to a Ministry of Health report, 36.5% of the fourth graders and 65.3% of the eighth-graders in China had poor vision in 2018.
The high incidence of myopia in children is expected to increase demand for prescription lenses in China, as eye surgical methods have age limitations. However, the Chinese government is taking initiatives to reduce the prevalence of myopia, such as a 5-year action plan for eye health, awareness programs, and others.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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China prescription lens market size, by type, 2018-2030 (US$M)
China Prescription Lens Market Share, 2023 & 2030 (US$M)
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