Mexico Prescription Lens Market Size & Outlook, 2023-2030
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Mexico prescription lens market highlights
- The Mexico prescription lens market generated a revenue of USD 1,188.1 million in 2023 and is expected to reach USD 1,550.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.9% 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 1,188.1 million |
| Market revenue in 2030 | USD 1,550.0 million |
| Growth rate | 3.9% (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, Mexico accounted for 2.6% 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 27.14% in 2023. Horizon Databook has segmented the Mexico prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico’s healthcare system is completely dominated by private players. Mexico is one of the major hubs for medical devices export in America and Europe. The demand for myopia and presbyopia treatment is increasing in Mexico.
This can be attributed to the high prevalence of myopia in children aged 12 to 13 years. Moreover, this affected population lacked proper prescription glasses for correction of myopia. The increase in geriatric population and prevalence of myopia is expected to drive the prescription lens market in Mexico during the forecast period.
According to World Bank’s statistics, in 2017, population of Mexico was 129.1 million, of which, 8.8 million were aged 65 years & above. The growing geriatric population is increasing the probability of age-related eye disorders 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 |
Mexico prescription lens market size, by type, 2018-2030 (US$M)
Mexico Prescription Lens Market Share, 2023 & 2030 (US$M)
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