Europe Prescription Lens Market Size & Outlook, 2023-2030
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Europe prescription lens market highlights
- The Europe prescription lens market generated a revenue of USD 10,855.3 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 10,855.3 million |
| Market revenue in 2030 | USD 14,662.7 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 23.5% of the global prescription lens market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,808.1 million by 2030.
Single vision was the largest segment with a revenue share of 27.09% in 2023. Horizon Databook has segmented the Europe prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
According to The International Agency for the Prevention of Blindness, myopia is going to become more common across Europe, and a significant number of people affected is reported to be between the age group of 25 and 29. At this age, the disposable income of an individual increases and there is complete development of the eyeball, which is conducive for surgeries.
Hence, people, in order to get rid of spectacles or contact lenses and enhance their aesthetic appearance, choose laser surgery. This increases the population of vision impaired individuals, thereby driving demand for prescription lenses.
Growing healthcare expenditure in this region is expected to drive technological advancements in the healthcare industry and, thus, can be one of the factors responsible for growth of the prescription lens market.
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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 |
Europe prescription lens market size, by country, 2018-2030 (US$M)
Europe Prescription Lens Market Share, 2023 & 2030 (US$M)
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