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Global Progressive Lens Market - Outlook and Forecast 2022-2027
The global progressive lenses market is experiencing a steady growth rate, with a compound annual growth rate (CAGR) of 4.37% projected from 2021 to 2027. It is expected to reach a market value of USD 38.64 billion by 2027, up from USD 29.90 billion in 2021. This market segment plays a crucial role in addressing various vision dysfunctions, including refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. The clinical aspect of vision care involves not only the correction of temporary and complete vision problems but also the prevention of eye diseases. With the increasing prevalence of visual dysfunctions in developed and developing countries, the demand for eye care products in the global progressive lenses market continues to rise.
Progressive lenses are specifically designed multifocal lenses for individuals who require corrective eyewear for both near and distant vision. These lenses enable clear vision at multiple distances without the presence of a visible bifocal line. The need for progressive lenses typically arises with age, as individuals around the age of 35 or 40 often experience difficulties in focusing their eyes on nearby or distant objects. This condition, referred to as refractive error, leads some individuals to wear single-vision eyeglasses for distance vision and separate reading glasses for close-up tasks. Eyeglasses come in various types, including single-vision lenses with a consistent power throughout the lens and bifocal or trifocal lenses with multiple strengths. On the other hand, multifocal lenses, such as progressive lenses, incorporate different prescription areas within a single lens.
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USD 29.9 billion in 2020
Material, Applications, Age Group, Distribution Channel, and Geography
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As individuals age, their ability to see objects both near and far may decline. Progressive lenses cater to these varying visual needs by integrating different fields of view within a single lens. Typically, the top part of the lens addresses distance vision, while the bottom part focuses on near vision. Unlike traditional bifocal or trifocal lenses that have visible lines demarcating the different fields of vision, progressive lenses feature a smooth transition between these areas. This design not only eliminates the visible lines but also offers intermediate vision correction through the central portion of the lens when required. Compared to bifocal lenses, progressive lenses provide enhanced comfort and can help maintain proper neck posture.
Initially, the acceptance of progressive lenses primarily resided in developed countries such as the United States, Japan, the United Kingdom, Germany, and France. However, developing Asian countries like India and China are witnessing a surge in demand for progressive lenses. This demand is driven by the growing target population with refractive errors and visual impairments, as well as aggressive marketing campaigns by retail optical stores.
According to the Vision Council, a significant proportion of the American population experiences computer vision syndrome (CVS) symptoms, with at least 60% of men and 65% of women being affected. Additionally, over 80% of adults use digital devices for more than two hours daily, often simultaneously using multiple devices. The increased usage of digital devices, especially before bedtime, is contributing to the rise in eye disorders. This prevalence of eye disorders, along with the escalating number of hours spent accessing digital content, serves as a driving factor for the growth of the global progressive lenses market.
Digital lenses, leveraging advanced algorithms in their surface design, offer substantial benefits to individuals requiring progressive eyewear. These technologically advanced progressive lens designs continuously improve upon previous iterations. Manufacturers have introduced different concepts and technologies into the progressive lens market, with some utilizing technical equipment to gather biometric data on corneal shape for further optimization, while others focus on providing a broader range of products.
The growth of e-commerce as a distribution channel has significantly contributed to the increasing global demand for vision care products, including progressive lenses. The internet serves as a valuable platform for disseminating consumer information and facilitating price referencing. In the progressive lenses market, channel consolidation and vertical integration are on the rise. Vendors are developing automated ordering systems that enable users to conveniently order progressive lenses online, thereby benefiting all stakeholders involved.
The advent of 3D printing technology is revolutionizing the design and manufacturing processes within the eyewear industry. Many eyewear manufacturers and individuals are embracing this layer-by-layer printing technology to differentiate their products from competitors and bring further innovation to eyewear design in the global progressive lenses market. Furthermore, 3D printing opens up new possibilities for eyewear companies, allowing the creation of lenses with multiple zones possessing distinct optical properties. The speed and efficiency of 3D printing surpass traditional lens-making techniques, as it requires only the design of a 3D model.
Globally, approximately 285 million people suffer from impaired vision, and over 80% of these cases can be prevented with early diagnosis and treatment. As the world population ages, the demand for quality vision care continues to expand and evolve. The availability of a diverse range of progressive lenses addressing various vision impairments has played a significant role in driving the growth of the progressive lenses market. The geriatric population, which is growing rapidly in several regions worldwide, is particularly susceptible to age-related eye disorders, contributing to the market’s growth.
The market is segmented based on various factors, including material, applications, age group, distribution channel, and geography.
Segmentation by Material
Segmentation by Applications
Segmentation by Age Group
60 & Above
30 To 60
Segmentation by Distribution Channel
Optical Retail Stores
Eye Care Clinics
Segmentation by Geography
North America – US, Canada
Europe – Germany, France, UK, Italy, Spain
APAC – China, Japan, India, South Korea, Australia
Latin America – Brazil, Mexico, Argentina
Middle East & Africa – South Africa, Saudi Arabia, Turkey
The global progressive lenses market is comprised of various lens materials such as polycarbonate, plastic, glass, and others. Each material offers different levels of comfort and visual clarity, and there are multiple lens designs available. Among these materials, polycarbonate dominates the industry with a market share of 47.48%. Polycarbonate is preferred for progressive lenses due to its durability and enhanced eye safety, being ten times stronger than traditional plastic.
Over the forecast period, the polycarbonate segment is expected to experience the highest incremental growth of USD 3.81 billion. Meanwhile, the other segment is projected to have the fastest compound annual growth rate (CAGR) of 5.33%.
In terms of applications, myopia, presbyopia, hyperopia, and astigmatism are the key segments in the global progressive lenses market. The myopia segment accounted for 34.78% of the market in 2021, reaching a value of USD 10.40 billion. Myopia, or nearsightedness, is a common eye disorder where light focuses in front of the retina, causing blurred vision for distant objects. The prevalence of myopia is significant, with approximately 38% of adults in Europe, 43% in the U.S., and 82% in Asia reported to suffer from it. The myopia segment is projected to achieve a CAGR of 4.78% during the forecast period from 2021 to 2027.
Segmented by age groups, the 60 & above category dominates the global progressive lenses market with a share of 56.45%. This growth is driven by an increase in myopia cases, a rise in the elderly population, and the preference for lenses. The 60 & above segment is expected to have the highest incremental growth of USD 4.84 billion over the forecast period.
Distribution channels in the global progressive lenses market include optical retail stores, eye care clinics, hospitals, and online stores. Optical retail stores hold a significant market share of 40.39% in 2021 and are expected to maintain their dominance throughout the forecast period. While the older population prefers traditional retail stores for evaluating products before purchase, the younger generation is increasingly turning to online platforms. The online stores segment is projected to achieve a CAGR of 5.52% during 2021-2027.
Europe currently leads the global progressive lenses market with a market share of approximately 30.70%. The region is witnessing a considerable increase in presbyopia cases, driving the demand for lens correction or treatment. However, awareness among ophthalmologists in Europe is comparatively lower than in markets like the United States. Consequently, increasing awareness of new products and advancements is expected to boost the adoption of progressive lenses in the region.
The APAC region dominates the global progressive lenses market and is projected to grow at a CAGR of 5.97%. This growth can be attributed to the rapidly increasing aging population. The number of people above 65 years old is expected to more than double, from 547 million in 2016 to nearly 1.3 billion by 2050. Such a demographic shift will generate a high demand for progressive lenses.
North America ranks third in the global progressive lenses market. The region is home to major market vendors, and some of them operate company-owned retail stores in North America to maintain a presence and increase profitability. For example, EssilorLuxottica, a key player in the global progressive lenses market, operates retail stores under the names LensCrafters and Pearle Vision in North America.
The global progressive lenses market operates as an oligopoly, with participation from international, regional, and local players who offer a wide range of products. The market is dominated by key players such as ZEISS, EssilorLuxottica, HOYA, and Shamir. Intense competition exists among tier I/II vendors, as numerous local players operate in each country, posing a substantial threat to both regional and global competitors.
In recent years, the global eyeglasses market has witnessed significant strategic initiatives by major and prominent vendors, leading to heightened market competitiveness. Notably, the merger between Essilor and Luxottica Group resulted in the establishment of EssilorLuxottica, which substantially increased the market share of the merged entity compared to its competitors. Vendors compete based on factors such as product variety, pricing, quality, technological leadership and innovation, and the effectiveness of progressive lenses.
Key companies profiled in this report include ZEISS, EssilorLuxottica, HOYA, Shamir, BBGR, Fielmann, Indo Optical SLU, JIANGSU HONGCHEN OPTICAL, Leica Eyecare, Nikon Optical, Optimum RX Group, Optiswiss, optoVision, Prime Lenses, Rodenstock, RUPP & HUBRACH GLASSES, Seiko Optical Products, Shanghai Conant Optics, Signet Armorlite, Tokai Optical, Vision Ease, Yash Optics And Lens, Younger Optics.
Key Questions Answered
What is the size of the global progressive lenses market?
The global progressive lenses market is projected to reach a size of USD 38.64 billion in 2027, compared to USD 29.90 billion in 2021.
What is the growth rate of the global progressive lenses market?
The global progressive lenses market is expected to grow at a compound annual growth rate (CAGR) of 4.37% from 2022 to 2027.
What factors impact the growth of the progressive lenses market?
The growth of the progressive lenses market is influenced by several key factors, including the introduction of 3D printed progressive lenses, advancements in progressive lens technologies, and the increasing preference for omnichannel distribution channels.
Who are the key players in the global progressive lenses market?
The leading players in the global progressive lenses market include ZEISS, EssilorLuxottica, HOYA, and Shamir.
Which region has the highest progressive lenses market share globally?
Europe holds the largest share in the global progressive lenses market, accounting for 30.70% of the total market share. Within Europe, countries such as Germany, the U.K., France, Spain, and Italy are the key contributors to the market. The region’s market growth is driven by increasing awareness of new products and technological advancements.