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Analyzing the Growth Rate of the Single Vision Lenses Market: What’s the Expected CAGR for the Next Decade?

Over the past years, the market size for single vision lenses has seen consistent growth. The projection for this market in 2025 is $7.37 billion, rising from $7.03 billion in 2024, with a compound annual growth rate (CAGR) of 4.8%. This encouraging historical growth progress is the result of various factors such as the emergence of new materials, the use of digital lens design and freeform technology, refined surgical techniques, ongoing studies in optics and materials, and an increase in medical tourism for vision correction procedures.

The market size of single vision lenses is projected to experience consistent growth in the forthcoming years, eventually escalating to $8.75 billion by 2029 with an annual compound growth rate of 4.4%. The projected development during this period can be credited to various factors such as the expansion of industrial sectors requiring safety glasses, growing awareness about UV protection and blue light filters, improvements in healthcare facilities and eyecare clinics, and the globalisation of production. Key tendencies during the prediction period include an increasing demand for lenses correcting presbyopia, a growing number of cases of myopia, hyperopia, astigmatism, and presbyopia, the execution of vision care initiatives, the adoption of telehealth services, and policies that advocate vision care and insurance coverage for eyeglasses.

Which Factors Are Enhancing the Growth of the Single Vision Lenses Market?

The growth of the single vision lenses market is anticipated to be fueled by the escalating incidence of myopia. Myopia, often referred to as nearsightedness, is an eye refractive error that blurs distant objects, while nearby objects remain sharp. This condition’s prevalence is on the rise due to factors such as increased screen exposure, sustained periods of work, and an aging populace. Single vision lenses work to rectify myopia by concentrating light straight onto the retina, thereby enhancing distance vision. As per BMJ Publishing Group, a UK-based publisher for a health organization, over 36% of the global children and adolescents were affected by myopia in September 2024. Such figures demonstrate a substantial increase compared to previous years, and expectations suggest that the count of myopic people could surpass 740 million by 2050. Hence, the escalating incidence of myopia is propelling the expansion of the single vision lenses market.

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What Are the Leading Organizations Impacting the Single Vision Lenses Market’s Growth?

Major companies operating in the single vision lenses market are:

• Essilor Luxottica

• Hoya Corporation

• Nikon Corporation

• Carl Zeiss AG

• Johnson & Johnson Vision

What Are the Most Prominent Trends Driving Change in the Single Vision Lenses Market?

Leaders in the single vision lenses industry are striving to create state-of-the-art products, like 360-degree visual lenses, to secure an edge over rivals in the market. The single vision lens offering 360° visual sharpness provides excellent focus from every perspective, amplifying visual precision for a range of activities and daily chores. They enable flawless vision correction without loss of peripheral visibility, delivering comfort and lucidity for day to—day usage. For example, HOYA Corporation, an optical firm based in Japan, unveiled its latest addition to its free-form single-vision lens catalogue, MySV single-vision lenses with 360⁰ Visual Comfort, in September 2022. By incorporating four fundamental features into its design, MySV lenses empower users with 360° visual ease, boosting wearer’s confidence in all scenarios.

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Which Key Segments Define the Structure of the Single Vision Lenses Market and Their Growth Potential?

The single vision lenses market covered in this report is segmented –

1) By Type: Spherical, Aspherical, Freeform

2) By Material: Glass, Polycarbonate, Other Material Types

3) By Age Group: Less Than 18 Years, Greater Than Or Equal To 18 Years And Less Than 40 Years, Greater Than Or Equal To 40 Years

4) By Application: Hyperopia (Farsightedness), Myopia (Nearsightedness), Astigmatism, Presbyopia

Subsegments:

1) By Spherical: Standard Spherical Lenses, High-Index Spherical Lenses

2) By Aspherical: High-Index Aspherical Lenses, Polycarbonate Aspherical Lenses

3) By Freeform: Customized Freeform Lenses, Digital Freeform Lenses

What Regions Are Leading the Charge in the Single Vision Lenses Market?

North America was the largest region in the single vision lenses market in 2024. The regions covered in the single vision lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Parameters Define the Single Vision Lenses Market’s Scope?

Single vision lenses are corrective lenses designed to correct vision at a single distance, either for nearsightedness (myopia) or farsightedness (hyperopia). Unlike multifocal lenses, they have uniform optical power throughout, offering clear vision either for close-up tasks or distance vision, depending on the prescription. These lenses are commonly used in eyeglasses for everyday wear and can be made from various materials, including plastic and glass, to accommodate different needs for durability, weight, and optical clarity.

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