Thailand Prescription Lens Market Size & Outlook, 2023-2030
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Thailand prescription lens market highlights
- The Thailand prescription lens market generated a revenue of USD 1,148.7 million in 2023 and is expected to reach USD 1,922.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.6% 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 1,148.7 million |
| Market revenue in 2030 | USD 1,922.9 million |
| Growth rate | 7.6% (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, Thailand accounted for 2.5% 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 Thailand prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing geriatric population and prolonged exposure to electronic displays, such as smart phones & computers, have contributed to the growing prevalence of refractive errors in Thailand. This is expected to increase the demand for prescription lenses.
Furthermore, the country has a strong distribution and supply chain network that is expected to improve access to treatment procedures. Hoya Vision and Essilor are the prescription lens companies holding a strong distribution network in Thailand. In addition, there are several chains of optical shops and online stores supporting the distribution network.
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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 |
Thailand prescription lens market size, by type, 2018-2030 (US$M)
Thailand Prescription Lens Market Share, 2023 & 2030 (US$M)
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