The global anti-blue ray myopia lenses market is envisioned to garner $5,361.10 million by 2030, growing from $2,280.80 million in 2021, at a CAGR of 7.6% from 2021 to 2030.
The significant increase in refractive errors, age-related macular degeneration, cataracts, and eye dryness among individuals is largely responsible for the massive rise of the global market for anti-blue ray myopia lenses. More than 65% of Americans who use smart phones, computers, and LED screens are reportedly harmed by blue light, according to the Vision Council of America. Blue lighting dries up the eyes, throws off the circadian rhythm, and interferes with sleeping. These kinds of illnesses are encouraging consumers to use anti-blue ray glasses, which is boosting market growth.
High cost of anti-blue ray myopia lenses to restraint the market growth. Anti-blue lenses are costlier compared to other lenses. The average price of non-anti-blue ray myopia lenses is USD 17, while the average price of normal myopia lenses is USD 8. Therefore, rising prices could have a detrimental effect on the market's expansion during the forecasted time.
Due to people's increasing desire to purchase high-quality items for their eye protection, the market for anti-blue ray myopia lenses is expanding extremely quickly on a global scale. According to current market trends, people all around the world want designer and fashionable spectacles. A study published in the Investigative Ophthalmology and Visual Science journal, in 2019, found that myopia, an eye ailment that causes people to have trouble seeing distant things clearly, affects 32% of the world's population and is expected to affect up to 60% of people by the year 2050. Increasing number of people affected by myopia is expected to raise the adoption of anti-blue ray myopia lenses, which may further lead to lucrative market opportunities for key players in the upcoming years.
The anti-blue ray myopia lenses market had substantial development despite the coronavirus epidemic having a severe impact on several industries. The majority of people stayed glued to their televisions, smartphones, laptops, and digital screens the entire time the cities were in lockdown. The need for anti-blue ray lenses increased as a result of people being exposed to blue light for longer periods of time, which negatively impacted the majority of people's eye health. Due to increased screen usage during the pandemic, people experienced problems including eye strain and dryness from too much exposure to blue lights. This resulted in a sharp increase in demand for anti-blue ray lenses.
The key players profiled in this anti-blue ray myopia lenses market report include Essilor, HOYA GROUP, RODENSTOCK GMBH, ZEISS, Seiko, Chemiglas Corp., Nikon, Shamir Optical Industry Ltd, Mingyue Glasses Co., Ltd., and Shanghai Conant Optics Co., Ltd.
The significant increase in refractive errors, age-related macular degeneration, cataracts, and eye dryness among individuals is largely responsible for the massive rise of the global market for anti-blue ray myopia lenses. More than 65% of Americans who use smart phones, computers, and LED screens are reportedly harmed by blue light, according to the Vision Council of America. Blue lighting dries up the eyes, throws off the circadian rhythm, and interferes with sleeping. These kinds of illnesses are encouraging consumers to use anti-blue ray glasses, which is boosting market growth.
High cost of anti-blue ray myopia lenses to restraint the market growth. Anti-blue lenses are costlier compared to other lenses. The average price of non-anti-blue ray myopia lenses is USD 17, while the average price of normal myopia lenses is USD 8. Therefore, rising prices could have a detrimental effect on the market's expansion during the forecasted time.
Due to people's increasing desire to purchase high-quality items for their eye protection, the market for anti-blue ray myopia lenses is expanding extremely quickly on a global scale. According to current market trends, people all around the world want designer and fashionable spectacles. A study published in the Investigative Ophthalmology and Visual Science journal, in 2019, found that myopia, an eye ailment that causes people to have trouble seeing distant things clearly, affects 32% of the world's population and is expected to affect up to 60% of people by the year 2050. Increasing number of people affected by myopia is expected to raise the adoption of anti-blue ray myopia lenses, which may further lead to lucrative market opportunities for key players in the upcoming years.
The anti-blue ray myopia lenses market had substantial development despite the coronavirus epidemic having a severe impact on several industries. The majority of people stayed glued to their televisions, smartphones, laptops, and digital screens the entire time the cities were in lockdown. The need for anti-blue ray lenses increased as a result of people being exposed to blue light for longer periods of time, which negatively impacted the majority of people's eye health. Due to increased screen usage during the pandemic, people experienced problems including eye strain and dryness from too much exposure to blue lights. This resulted in a sharp increase in demand for anti-blue ray lenses.
The key players profiled in this anti-blue ray myopia lenses market report include Essilor, HOYA GROUP, RODENSTOCK GMBH, ZEISS, Seiko, Chemiglas Corp., Nikon, Shamir Optical Industry Ltd, Mingyue Glasses Co., Ltd., and Shanghai Conant Optics Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the anti-blue ray myopia lenses market analysis from 2021 to 2030 to identify the prevailing anti-blue ray myopia lenses market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the anti-blue ray myopia lenses market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global anti-blue ray myopia lenses market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Single
- Bifocal
- Trifocal
- Others
By Distribution Channel
- Retail Stores
- Hospital and Clinics
- E-Commerce Platforms
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- HOYA GROUP
- essilor
- rodenstock gmbh
- zeiss group
- seiko optical products, inc.
- Chemiglas Corp.
- Nikon
- Shamir Optical Industry Ltd.
- Mingyue Glasses Co., Ltd.
- Shanghai Conant Optics Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANTI-BLUE RAY MYOPIA LENSES MARKET, BY TYPE
CHAPTER 5: ANTI-BLUE RAY MYOPIA LENSES MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: ANTI-BLUE RAY MYOPIA LENSES MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Anti-Blue Ray Myopia Lenses Market," the anti-blue ray myopia lenses market size was valued at $2.28 billion in 2021, and is estimated to reach $5.36 billion by 2030, growing at a CAGR of 7.6% from 2022 to 2030.Blue-screen or blue-light spectacles, which also have anti-blue ray lenses, reduce the amount of blue light that enters the eyes. One of the benefits of using anti-blue ray myopia lenses is they help in regulating sleep cycle. Another harmful impact of frequent exposure to blue light is that it prevents the body from producing the hormone melatonin. A hormone called melatonin alerts the body that it needs to slumber in order to regenerate. Despite being exhausted, the body is unable to receive the signal since this hormone's production is constrained, entirely upsetting the sleep cycle. Regular use of anti-blue ray myopia lenses reduces exposure to blue light, allowing melatonin levels to return to normal.
However, some of the disadvantages of anti-blue ray myopia lenses include their certain unfavorable properties. Anti-blue ray myopia lenses have some adverse effects, including the acceleration of scotopic vision loss and a yellowish tint to everything one sees when wearing blue light glasses. During the projected period, these factors can have a negative effect on the market.
Future market growth could be greatly influenced by the growing acceptance of fashion trends. A lot of people use eyewear today in accordance with the newest industry trends. Eyewear is a fashion statement. Also predicted to increase demand for anti-blue ray myopia lenses is the increasing in myopia among young adults and children. Additionally, in order to expand their market share, organizations that manufacture anti-blue ray myopia lenses around the world are employing successful marketing techniques and roll out cutting-edge products. For instance, the optical business ZEISS, which has its headquarters in Germany, announced the release of its ZEISS Blue Guard line of blue light-blocking lenses in February 2021. The lens's construction offers clarity while blocking up to 40% of dangerous blue light. In the coming years, these technology developments might also create profitable new business prospects. These factors are anticipated to boost the anti-blue ray myopia lenses market growth in the upcoming years.
The global anti-blue ray myopia lenses market share is segmented based on type, distribution channel, and region. By type, it is classified into single, bifocal, trifocal, and others. By distribution channel, it is classified into retail stores, hospitals & clinics, and e-commerce platforms. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the anti-blue ray myopia lenses market report include Essilor, HOYA GROUP, RODENSTOCK GMBH, ZEISS, Seiko, Chemiglas Corp., Nikon, Shamir Optical Industry Ltd, Mingyue Glasses Co., Ltd., and Shanghai Conant Optics Co., Ltd.
The report offers a comprehensive analysis of the global anti-blue ray myopia lenses market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of Covid-19 on the Global Anti-blue Ray Myopia Lenses Industry
- People are confined to their home because of the covid-19 pandemic, with little options for recreation. As a result, the majority of people are using digital gadgets more than ever. During the projected period, these variables are expected to produce profitable investment opportunities in the market.
- As per analysis, people’s reluctance to go to hospitals for routine check-ups contributed to the rise in eye related aliments during the Covid-19 pandemic. Additionally, the percentage of eye check-ups increased from 10% in 2019 to 50% in last quarters of 2020 during Covid-19, and the majority of those affected at the time had advanced cataracts.
- Additionally, certain major suppliers of anti-blue ray myopia lenses, such as Essilor and Titan, are implementing specific methods and developments to keep ahead of the competition. For instance, the launch of zero powered computer glasses by Indian eyewear manufacturer, Titan Eyeplus, was announced for August 2020. These glasses, which come with anti-blue lenses, are available both online and offline. In light of the pandemic, all these reasons are anticipated to have a beneficial effect on the market for anti-blue ray myopia lenses globally.
Key Findings of the Study
- Based on type, the single sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.
- Based on distribution channel, the retail stores sub-segment emerged as the global leader in 2021 and e-commerce platforms sub-segment is predicted to show the fastest growth in the upcoming years.
- Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.
Companies Mentioned
- Hoya Group
- Essilor
- Rodenstock GmbH
- Zeiss Group
- Seiko Optical Products, Inc.
- Chemiglas Corp.
- Nikon
- Shamir Optical Industry Ltd.
- Mingyue Glasses Co. Ltd.
- Shanghai Conant Optics Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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