Italy Prescription Lens Market Size & Outlook, 2023-2030
Italy prescription lens market, 2018-2030 (US$M)
Related Markets
Italy prescription lens market highlights
- The Italy prescription lens market generated a revenue of USD 1,281.0 million in 2023 and is expected to reach USD 1,633.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.5% 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 1,281.0 million |
| Market revenue in 2030 | USD 1,633.7 million |
| Growth rate | 3.5% (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, Italy accounted for 2.8% 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 Europe, Germany prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,425.5 million by 2030.
Single vision was the largest segment with a revenue share of 27.1% in 2023. Horizon Databook has segmented the Italy prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of refractive errors is expected drive demand for prescription lenses, including progressive lenses, in Italy. Growing popularity of refractive surgeries, such as LASIK, LASEK, and PRK, coupled with increasing awareness about the complications of refractive errors & their treatments, is expected to drive the market over the forecast period.
Furthermore, presence of a strong supply chain and distribution network, such as increasing number of retail and online platforms, is also impelling growth. For instance, Lentiamo offers a wide range of prescription lenses through online platforms, improving accessibility.
Therefore, the presence of efficient distribution network coupled with increasing demand for prescription lenses is expected to drive growth of the market. Life expectancy at birth in Italy is the second highest among all the European countries and is witnessing a gradual increase.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy prescription lens market size, by type, 2018-2030 (US$M)
Italy Prescription Lens Market Share, 2023 & 2030 (US$M)
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