UK Prescription Lens Market Size & Outlook, 2023-2030
UK prescription lens market, 2018-2030 (US$M)
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UK prescription lens market highlights
- The UK prescription lens market generated a revenue of USD 2,015.6 million in 2023 and is expected to reach USD 2,811.8 million by 2030.
- The UK market is expected to grow at a CAGR of 4.9% 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 2,015.6 million |
| Market revenue in 2030 | USD 2,811.8 million |
| Growth rate | 4.9% (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, UK accounted for 4.4% 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% in 2023. Horizon Databook has segmented the UK prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the important markets in the EU, with presence of technologically advanced healthcare facilities and research centers. Growth of this market can be attributed to increasing prevalence of refractive errors in the UK.
The Northern Ireland Childhood Errors of Refraction (NICER) study reports that 1 in 15 teenagers in the UK are myopic, and the prevalence percentage increased from 7.2% in 1960 to 16.4%, almost twice the number. Furthermore, presence of policies such as NHS-funded vouchers for buying prescription lenses, along with NHS funded eye tests for people belonging to specific categories & conditions, is expected to foster market growth.
The UK is the largest market for prescription lens in Europe. According to the association of Contact Lens Manufacturer (SCLM), the UK market accounted for 22% of all lens wearers in Europe. Thus, with increasing urbanization and growing social media influence, the demand for prescription lenses is expected to see robust growth during the forecast period.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK prescription lens market size, by type, 2018-2030 (US$M)
UK Prescription Lens Market Share, 2023 & 2030 (US$M)
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