Optical Lens Edger Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
The global optical lens edger market is estimated to value over USD 600 Million by 2026 end and achieves a CAGR of over 6% from the forecast period 2019 to 2026.
The increasing demand
for optical lens edgers from camera and ophthalmology industries are driving
the growth of the market. According to the figures released by WHO, globally
the number of people of all ages visually impaired is estimated to be 285
million, of whom 39 million are blind. Out of th total number of people aged 50
years and older, 82% are blind. Vision impedance is directly correlated to
aging, hence the increase in the geriatric population is boosting global
optical lens edger market growth. The exponential growth of digital camera
industry is escalating the optical lens edger market size due to increase in
purchase of digital cameras by photographers and hobby enthusiasts.
The market is
segmented into by type, by application and region. On the basis of type, the
semi-automatic optical lens is expected to dominate the growth of the market.
The increasing number of competitions has resulted in the availability of
semi-automatic lens at affordable rates. In addition, the rapid growth and
presence of stand-alone eyeglass shops are also positively influencing the
market. All these aforementioned factors are increasing the optical lens edger
market share.
In terms of
application, the camera lens is expected to drive the growth of the market.
Technological advancements alongside the growing presence of imaging, videos,
and photos across social media are accelerating the growth of the market. Today
ample number of consumers wants to share their photo and videos on social
media. This urge has led to an exponential demand for the camera which thus
resulted in spike of demand for camera lens resulting in expansion of the market.
The increase in sale of camera with triple camera lens and quad camera lens is
increasing the optical lens edger market size.
Based on regions,
North America is expected to dictate the growth of the market. The presence of
prominent players alongside the growing geriatric population is bolstering the
market in the region. The rise in disposable income is also positively
influencing the market in the region. The rising healthcare expenditure
alongside the expansion of the healthcare industry is stimulating the market as
well.
Key
players of the market Topcon Corporation, Essilor International S.A, Shanghai
Supore Instruments Co. Ltd, Mei Srl, Huvitz Corp, Coburn Technologies Inc,
INNOVA Medical OphtalmicsOnc and Santinelli International.
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Key Takeaways:
- Technological advancements
are expected to augment the market. The structure and design of optical
lens edging machines as time passes are becoming more simplified and
highly efficient
- The latest machine offers
high-quality and offers compact designs, integrated large unit with
integrated imagers
Global Optical Lens Edger Market Segmentation
By
Type
- Manual Optical Lens Edger
- Automatic Optical Lens Edger
- Semi-automatic Optical Lens
Edger
By
Application
- Eyeglass Lens
- Microscope Lens
- Camera Lens
- Others (Telescope,
Binoculars, etc.)
By
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
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Competitive
Landscape:
- Tier 1 players- established
companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing
rapidly
- New Entrants
- To provide with an exhaustive
analysis on the global optical lens edger market by type, by application
and by region
- To cater comprehensive
information on factors impacting market growth (drivers, restraints,
industry-specific restraints and opportunities)
- To forecast and evaluate
micro-markets and the overall market
- To predict the market size,
in key regions (along with countries)— North America, Europe, Asia
Pacific, Latin America and the rest of the world
- To record, evaluate and
analyse competitive landscape mapping- technological advancements, product
launches, expansions and mergers
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in high-growth niche markets, assuring flexibility, agility and customised
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Website: www.futurewiseresearch.com
Contact Person: Vinay Thaploo
Email: sales@futurewiseresearch.com
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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