Global Optical Lens Edger Market Poised to Reach USD 600 Million by 2026 End

  • 13 Oct 2019

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

The increasing demand for optical lens edgers from camera and ophthalmology industries are driving the growth of the market. According to the figures released by WHO, globally the number of people of all ages visually impaired is estimated to be 285 million, of whom 39 million are blind. Out of th total number of people aged 50 years and older, 82% are blind. Vision impedance is directly correlated to aging, hence the increase in the geriatric population is boosting global optical lens edger market growth. The exponential growth of digital camera industry is escalating the optical lens edger market size due to increase in purchase of digital cameras by photographers and hobby enthusiasts.

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 increasing number of competitions has resulted in the availability of semi-automatic lens at affordable rates. In addition, the rapid growth and presence of stand-alone eyeglass shops are also positively influencing the market. All these aforementioned factors are increasing the optical lens edger market share.

In terms of application, the camera lens is expected to drive the growth of the market. Technological advancements alongside the growing presence of imaging, videos, and photos across social media are accelerating the growth of the market. Today ample number of consumers wants to share their photo and videos on social media. This urge has led to an exponential demand for the camera which thus resulted in spike of demand for camera lens resulting in expansion of the market. The increase in sale of camera with triple camera lens and quad camera lens is increasing the optical lens edger market size.

Based on regions, North America is expected to dictate the growth of the market. The presence of prominent players alongside the growing geriatric population is bolstering the market in the region. The rise in disposable income is also positively influencing the market in the region. The rising healthcare expenditure alongside the expansion of the healthcare industry is stimulating the market as well.

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

 

Global 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 global 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 

 

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