India Prescription Lens Market Size & Outlook, 2023-2030
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India prescription lens market highlights
- The India prescription lens market generated a revenue of USD 1,780.6 million in 2023 and is expected to reach USD 2,918.8 million by 2030.
- The India market is expected to grow at a CAGR of 7.3% 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 1,780.6 million |
| Market revenue in 2030 | USD 2,918.8 million |
| Growth rate | 7.3% (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, India accounted for 3.9% 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 Asia Pacific, China prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,463.2 million by 2030.
Single vision was the largest segment with a revenue share of 27.15% in 2023. Horizon Databook has segmented the India prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
India has shown significant growth in the prescription lens market, which provides quality care at low cost. As per IADF report, uncorrected refractive errors and cataract causes blindness in approximately 80% of the population. Understanding the seriousness of the issue, the government and several NGOs have together taken initiatives such as National Program for Control of Blindness.
NGOs play a significant role in the elimination of avoidable blindness in India. The eye care program is expected to increase awareness about eye health, available treatment procedures, and complications, driving adoption of ophthalmology care.
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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 |
India prescription lens market size, by type, 2018-2030 (US$M)
India Prescription Lens Market Share, 2023 & 2030 (US$M)
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