Germany Prescription Lens Market Size & Outlook, 2023-2030
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Germany prescription lens market highlights
- The Germany prescription lens market generated a revenue of USD 2,438.2 million in 2023 and is expected to reach USD 3,425.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 5% 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 2,438.2 million |
| Market revenue in 2030 | USD 3,425.5 million |
| Growth rate | 5% (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, Germany accounted for 5.3% 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 Europe, Germany prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,425.5 million by 2030.
Single vision was the largest segment with a revenue share of 27.06% in 2023. Horizon Databook has segmented the Germany 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 is relatively low in Germany, but the contribution of myopia to blindness is expected to increase over time. Moreover, the increasing number of presbyopia cases in the rapidly aging population is expected to drive demand for prescription lenses.
Furthermore, supportive government programs, such as USD 1.5 million funding of a Berlin-based startup called Dopavision—involved in developing a digital therapeutic for myopia—is expected to drive related research.
Thus, the increasing prevalence of refractive errors and rising government funding are expected to drive the market. High geriatric population coupled with technological advancements is also boosting the market. Germany is experiencing a demographic shift due to low birth rate and increased life expectancy.
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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 |
Germany prescription lens market size, by type, 2018-2030 (US$M)
Germany Prescription Lens Market Share, 2023 & 2030 (US$M)
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