Optical Lens Edger Market: Industry Trends, Share, Size and Forecast Report

Overview

The global optical lens edger market is estimated to value over USD 600 Million by 2026 end and achieve a CAGR of over 6% from the forecast period 2019 to 2026.

The factors responsible for increasing the optical lens edger market size are the increasing prevalence of eye diseases and growing concern for accuracy and precision in Opthalmology. The increasing cases of vision impairment are also accelerating the growth of the market. A major portion of vision-impared patients are of the age above 50. Hence, the rise in the geriatric population is proliferating the optical lens edgers market size.

The market is segmented into by type, by application and region. On the basis of type, the semi-automatic optical lens is expected to dominate the growth of the market. The growth of stand-alone eyeglass shops has resulted in the availability of semi-automatic lens at economical rates. All these factors have contributed to the growth of the market.

On the basis of application, the camera lens is expected to hold vast share of the market. The rapid growth and expansion of camera industry are positively influencing the market. The increasing desire of people to opt for visual media and image sharing has led to an increase in demand for cameras, thus propelling the market. The increase in usage of social media to post pictures and videos has led to more demand for camera lens, thus increasing the optical lens edgers market share.

Based on regions, North America is the global leader of the market. An increase in geriatric population alongside presence of prominent players is boosting the presence of the market in the region.

Asia-Pacific region is also seen as a lucrative region owing to the increasing prevalence of vision impedance. The rise of geriatric population in countries like Japan and China is also positively influencing the market.

Key players of the market Topcon Corporation, Essilor International S.A, Shanghai Supore Instruments Co. Ltd, Mei Srl, Huvitz Corp, Coburn Technologies Inc, INNOVA Medical OphtalmicsOnc and Santinelli International.

FutureWise Key Takeaways:

Technological advancements are expected to augment the market. The structure and design of optical lens edging machines as time passes are becoming more simplified and highly efficient
The latest machine offers high-quality and offers compact designs, integrated large unit with integrated imagers

Optical Lens Edger Market Segmentation

By Type

Manual Optical Lens Edger
Automatic Optical Lens Edger
Semi-automatic Optical Lens Edger

By Application

Eyeglass Lens
Microscope Lens
Camera Lens
Others (Telescope, Binoculars, etc.)

By Region

North America
Europe
Asia Pacific
Latin America
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

Objectives of the Study:

To provide with an exhaustive analysis on the optical lens edger market by type, by application and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, industry-specific restraints and opportunities)
To forecast and evaluate micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and the rest of the world
To record, evaluate and analyse competitive landscape mapping- technological advancements, product launches, expansions and mergers