Spain Prescription Lens Market Size & Outlook, 2023-2030
Spain prescription lens market, 2018-2030 (US$M)
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Spain prescription lens market highlights
- The Spain prescription lens market generated a revenue of USD 881.2 million in 2023 and is expected to reach USD 1,104.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.3% 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 881.2 million |
| Market revenue in 2030 | USD 1,104.8 million |
| Growth rate | 3.3% (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, Spain accounted for 1.9% 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 27.08% in 2023. Horizon Databook has segmented the Spain prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is expected to experience steady growth over the forecast period, which can be attributed to the growing ophthalmology care facilities. In addition, the number of ophthalmologists in Spain is gradually increasing. For instance, International Council of Ophthalmology reports that there were 71 ophthalmologists per million in 2012 in Spain, and 80% of them were involved in surgeries.
This is one of the best ophthalmology care figures compared to other countries in the European region. Thus, increasing incidence of refractive errors and improving ophthalmology care facilities are expected to drive growth of the market.
With a population of over 46 million, Spain is an important market within the EU for vision care. Comprehensive medical facilities are available in the country, and public healthcare institutions contributed approximately 80% to the total healthcare system.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain prescription lens market size, by type, 2018-2030 (US$M)
Spain Prescription Lens Market Share, 2023 & 2030 (US$M)
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