U.S. Prescription Lens Market Size & Outlook, 2023-2030
U.S. prescription lens market, 2018-2030 (US$M)
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U.S. prescription lens market highlights
- The U.S. prescription lens market generated a revenue of USD 8,890.1 million in 2023 and is expected to reach USD 11,513.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.8% 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 8,890.1 million |
| Market revenue in 2030 | USD 11,513.9 million |
| Growth rate | 3.8% (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, U.S. accounted for 19.3% 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 North America, U.S. prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,750.1 million by 2030.
Single vision was the largest segment with a revenue share of 26.99% in 2023. Horizon Databook has segmented the U.S. 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 U.S. dominated the overall North American market in terms of revenue share in 2020. As per the Centers for Medicare and Medicaid Services, the U.S. healthcare spending grew by 4.6% in 2019, reaching USD 11,582 per person.
According to the U.S. CDC, refractive errors are the most common type of eye problems in the U.S. Refractive errors include myopia, presbyopia, and astigmatism. It is reported that 11 million Americans aged 12 years and older could improve their vision through proper refractive corrections.
The abovementioned facts signify the high market size for myopia and presbyopia treatment procedures in U.S. With rapidly increasing geriatric population, the U.S. is expected to face an increasing demand for presbyopia treatment procedures over the forecast period.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. prescription lens market size, by type, 2018-2030 (US$M)
U.S. Prescription Lens Market Share, 2023 & 2030 (US$M)
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