Discover trends, market shifts, and competitive outlooks for the single vision lenses industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Current and Projected Market Size of the Single Vision Lenses Market Through 2034?

The market for single vision lenses has seen consistent expansion in the past few years. It is projected to increase from $7.03 billion in 2024 to $7.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.8%. This historical growth pattern can be credited to several factors – the innovation in materials, the advent of digital lens design and freeform technology, advancements in surgical procedures, relentless research in optics and material science, and a boost in medical tourism pertaining to vision correction surgery.

In the coming years, the market size for single vision lenses is predicted to experience consistent growth, escalating to approximately $8.75 billion by 2029 with a compound annual growth rate (CAGR) of 4.4%. The anticipated upswing throughout this period is largely attributable to the expansion of industrial sectors requiring safety glasses, heightened understanding of UV shielding and blue light filtration, enhancements in healthcare services and vision care clinics, and the spread of manufacturing worldwide. Noteworthy trends over the forecast period comprise the growing demand for lenses correcting presbyopia, an increase in conditions such as myopia, hyperopia, astigmatism, and presbyopia, the establishment of vision care strategies, the use of telehealth solutions and policies fostering vision care and insurance provisions for eyewear.

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What Are the Core Growth Drivers Propelling the Single Vision Lenses Market Forward?

The escalating incidence of myopia is anticipated to fuel the expansion of the single vision lenses market in the future. Myopia, or nearsightedness as it is commonly called, is a visual impairment where far-off objects seem fuzzy while nearby objects remain clear. The incidence of myopia is on the rise due to factors such as more screen time, extended work hours, and a growing elderly population. Single vision lenses remedy myopia by directing light right onto the retina, thus enhancing distance vision. For example, in September 2024, over 36% of children and teens worldwide were reported to have myopia according to the BMJ Publishing Group, a UK-based health organization publisher. This is a considerable rise compared to previous years, with forecasts suggesting that by 2050, there could be more than 740 million people with myopia. Therefore, the escalating incidence of myopia is sparking the expansion of the single vision lenses market.

Which Segments in the Single Vision Lenses Offer the Most Growth?

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

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Which Geographic Areas Hold the Strongest Growth Potential 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 Are the Key Market Trends in the Single Vision Lenses Market Over the Coming Years?

The focus of major companies in the single vision lenses market is to create innovative products such as lenses offering a 360⁰ view, in an attempt to hold an advantageous position in the market. These single vision lenses with 360° visual clarity provide total focus across all angles, improving visual accuracy for many activities and daily chores. They offer uncompromised correction while maintaining peripheral vision, promising convenience and clear vision in everyday use. For instance, in September 2022, the Japan-based optical firm, HOYA Corporation, introduced their new product, MySV single-vision lenses, with 360⁰ Visual Comfort, enhancing their range of free-form single-vision lenses. These MySV lenses integrate four main aspects into their design, delivering a comfortable 360° visual experience to the wearer while boosting their confidence in all situations.

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What Are the Key Elements That Define the Single Vision Lenses Market?

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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