Argentina Prescription Lens Market Size & Outlook
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Argentina prescription lens market highlights
- The Argentina prescription lens market generated a revenue of USD 924.3 million in 2023 and is expected to reach USD 1,169.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, single vision was the largest revenue generating type in 2023.
- Progressive is the most lucrative type segment registering the fastest growth during the forecast period.
Prescription lens market data book summary
| Market revenue in 2023 | USD 924.3 million |
| Market revenue in 2030 | USD 1,169.9 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bifocal, Trifocal, Progressive, Workspace Progressives, Single Vision |
| Key market players worldwide | Essilorluxottica, ZEISS Group, Hoya Corp, Privé Revaux, Vision Ease Eyewear, Seiko Optical Products, Vision Rx Lab |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.0% of the global prescription lens market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,901.7 million by 2030.
Single vision was the largest segment with a revenue share of 27.22% in 2023. Horizon Databook has segmented the Argentina prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of myopia in Argentina was higher in women in comparison to men. In addition, prevalence of presbyopia is gradually increasing in the country owing to rising geriatric population. With the increasing prevalence of myopia, the government is undertaking initiatives to counter the condition.
For instance, Brien Holden Vision Institute develops solutions for vision care, mainly for refractive errors. This institute conducts research programs to evaluate the effectiveness of its methods and their impact on refractive errors. The institute has conducted similar study in Argentina for presbyopia.
These initiatives and approaches for correction of refractive errors in the country are expected to boost market growth. Access to proper ophthalmic care in Argentina is low. However, a growing number of conferences conducted by ophthalmic societies is increasing general awareness about ophthalmic care in the country.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Vision Rx Lab | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.visionrxlab.com/ |
| Seiko Optical Products | View profile | 101-250 | Chuo, Hokkaido, Japan, Asia | https://www.seikovision.com |
| Vision Ease Eyewear | View profile | 51-100 | Singapore, Central Region, Singapore, Asia | https://www.visioneaseeyewear.com |
| Privé Revaux | View profile | 11-50 | New York, New York, United States, North America | https://priverevaux.com |
| Hoya Corp | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| ZEISS Group | View profile | 10001+ | Oberkochen, Baden-Wurttemberg, Germany, Europe | http://www.zeiss.com |
| Essilorluxottica | View profile | 200000 | 147, Rue de Paris, Charenton-Le-Pont, Paris, France, 94220 | https://www.essilorluxottica.com |
Argentina prescription lens market size, by application, 2018-2030 (US$M)
Argentina Prescription Lens Market Share, 2023 & 2030 (US$M)
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