Industry Outlook
The global optical lens edgers market is expected to witness steady progress due to growing incidence of ophthalmologic conditions and increasing geriatric population. Lens edging is performed as a part of lens finishing process, following lens measuring, optical center locations and determining other lens features. Some prominent factors driving the growth of the global propelling the growth of the optical lens edger industry is the growing concern for delivering precision ophthalmologic products. Growing prevalence of eye disorders and other problems will also augment the demand for lens edgers. Furthermore, as the global geriatric population is increasing, the incidence of ophthalmic conditions shall also correspondingly grow, thereby leading to a significant demand for eyeglasses coming from this group. Consumerism has also led to growing uptake of cameras and camera lenses.
Market Synopsis
Get a sample copy for more information
"Semi-automatic lens edgers to occupy the largest revenue share"
Based on the types, the global optical lens edgers market is segmented into manual, semi-automatic and automatic devices. Semi-automatic lens edgers segment has the dominant revenue share in the global market. These solutions are more efficient than manual edger and more affordable than automatic counterparts. Such convenience and affordability makes semi-automatic devices more sought in stand-alone eyeglass shops, which forms the largest user base for lens edgers. These devices also offer better precision than manual edgers. However improving pricing scenario will lead to growing demand for automatic lens edger devices.
Get a sample copy for more information
"Eyeglasses to continue to dominate the global market and drive the market growth"
Optical lens edgers find highest application in manufacture and processing of eyeglasses. In terms of volume, eyeglasses are the most common ophthalmic product used worldwide and is also the first line of solutions used for treating vision disorders. Eyeglasses and specialty sunglasses are also across all age groups and thus have universal application. Furthermore, as the imaging industry is flourishing on both consumer and industrial scales, camera lens segment shall be witnessing rapid market growth during the forecast period. The usage of digital cameras is increasing among professionals and enthusiasts, along with the growing impact of image capturing and sharing across several areas. This ecosystem is therefore anticipated to drive the market growth.
Get a sample copy for more information
"Asia Pacific to witness rapid growth with increasing procedure rates"
North America accounts for the largest revenue share in the lens edgers market, however the region will witness slow market growth during the forecast period, due to market saturation. Whereas Asia Pacific market will be progressing at a better growth rate surpassing the global benchmark. China and Japan will be the most prominent market to watch while India shall also be witnessing swift growth in adoption of novel devices. The demand for lens edgers in Asia Pacific is mainly driven by competitive prices of locally manufactured products and a significantly large consumer base. GCC and Brazil will be the key markets in Middle East & Africa and Latin America regions.
Historical & Forecast Period
This research report presents the analysis of each considered segment for the period from 2016 to 2026, having 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The optical lens edgers market report provides quantitative assessment of the industry terms of current and forecasted market size, while also presenting the market dynamics. This market is segmented based on types, applications, and geography.
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
By Type (2016–2026; US$ Mn)
• Manual
• Semi-automatic
• Automatic
|
|
By Applications (2016–2026; US$ Mn)
• Eyeglass Lens
• Microscope Lens
• Camera Lens
• Others
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (U.S., Canada)
• Europe (U.K., Germany, Italy, France, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, Rest of APAC)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa)
|
This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Nidek Co. Ltd., Luneau Technology Operations SAS, Essilor International S.A., US Ophthalmic, Huvitz Co., Ltd., Shanghai YanKe Instruments Co. Ltd., Dia Optical Co., Fuji Gankyo Kikai Mfg Co. Ltd., Visslo Inc. and Coburn Technologies Inc.
Key questions answered in this report
- What is the past and future market size of the ophthalmic lens edgers industry during the period from 2016-2026?
- Which are the key factors that are facilitating the global market growth?
- Which are the major pain-points and key market opportunities that the market players are required to be aware of?
- What are the key reasons that support high demand for ophthalmic lens edgers in the eyeglasses segment?
- Why the demand for automatic devices is rising worldwide?
- What are the major factors determining the maturity and sluggish growth of North America and Europe markets?
