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Optical Lens Edger Market Size By Type (Manual, Semi-Automatic, Automatic), By Application (Eyeglass Lens, Microscope Lens, Camera Lens), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Optical Lens Edger Market Size By Type (Manual, Semi-Automatic, Automatic), By Application (Eyeglass Lens, Microscope Lens, Camera Lens), By Geographic Scope And Forecast

Optical Lens Edger Market Size And Forecast

Optical Lens Edger Market size was valued at USD 518.37 Million in 2024 and is projected to reach USD 837.5 Million by 2031, growing at a CAGR of 6.18% from 2024 to 2031.

  • An optical lens edger is a machine used in the manufacture of eyeglasses. It carefully grinds and forms the edges of optical lenses to fit them into specified frames, using the eyewear prescriptions provided.
  • This technique is critical for tailoring the lenses to the frame’s size and shape, ensuring a perfect fit and clear vision for the wearer.
  • Optical lens edgers are largely used in optometry and ophthalmology, where they play an important role in the creation of corrective eyewear.
  • Furthermore, they are used at optical shops, eyeglass production facilities, and eye care clinics to make both normal prescription glasses and specialist optical items like sunglasses and sports eyewear.

Optical Lens Edger Market Dynamics

The key market dynamics that are shaping the optical lens edger market include

Key Market Drivers

  • Increasing Prevalence of Visual Impairments Visual impairments such as myopia and hyperopia are becoming more common as the world’s population ages and screen time grows. This increases the demand for prescription eyewear, which increases the requirement for optical lens edgers to create personalized lenses.
  • Technological Advancements Innovations in lens edging technology, such as the combination of high-precision cutting and automated systems, improve lens production efficiency and accuracy. These innovations attract investment and adoption by eyewear manufacturers, resulting in market growth.
  • Expansion of Eyewear Fashion TrendsThe growing image of eyeglasses as a fashion accessory rather than a vision correction instrument has increased the variety and frequency with which they are purchased. This trend raises demand for a variety of lens designs and finishes, which optical lens edgers generate.
  • Healthcare Expenditure and Accessibility Rising healthcare spending and improved access to eye care services in emerging economies are making vision correction options more accessible. This expansion contributes to the growth of the optical lens edger market as more consumers seek corrective eyewear options.

Key Challenges

  • High Equipment Costs The initial investment in high-quality optical lens edgers is substantial, creating a barrier for small to medium-sized optical businesses and clinics. This high cost discourages new entrants and restricts market growth.
  • Market Saturation in Developed Countries Advanced optical lens edgers require specialized training and technical expertise to operate. The lack of skilled workers limits the adoption and efficient usage of these technologies in less developed regions.

Key Trends

  • Automation and Integration There is an increasing trend towards automating optical lens edgers, which incorporate modern sensors and software to improve precision and eliminate human error. This connection streamlines the lens fitting process, increasing efficiency and uniformity in eyeglass manufacturing.
  • Customization and Personalization Optical lens edgers are being created to accommodate a range of lens shapes and designs as consumer demand for bespoke eyewear grows. This approach caters to individual preferences in terms of practicality and aesthetics, resulting in advances in lens edging technology.
  • Digitalization and Connectivity Digital technologies are being integrated into optical lens edgers, improving communication and data sharing throughout the manufacturing process. This digitalization enhances workflow efficiency and enables real-time alterations in lens manufacture, allowing for quick response to prescription changes and consumer requests.

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Optical Lens Edger Market Regional Analysis

Here is a more detailed regional analysis of the optical lens edger market

North America

  • According to Market Research, North America is estimated to dominate in the optical lens edger market over the forecast period. North America has a high incidence of vision-related problems, owing to aging populations and increased digital screen usage. This creates a continual need for prescription eyewear, resulting in a requirement for optical lens edgers.
  • The region’s modern healthcare infrastructure supports a wide range of eye care services, making eye exams and prescription eyewear more accessible. This accessibility encourages the usage of optical lens edgers in the production of custom lenses.
  • North America leads the way in adopting new technology. The presence of key market players and a focus on innovation contribute to the widespread use of modern optical lens edgers, which boosts market growth in this region.
  • Furthermore, consumers in North America have a lot of discretionary income, so they can afford to buy high-end eyewear. This cost reason contributes to a growing market for optical lens edgers, as customers want high-quality, custom-fit spectacles.

Asia Pacific

  • The Asia Pacific is estimated to exhibit the highest growth within the optical lens edger market during the forecast period. The growing middle class in the Asia Pacific, with higher discretionary incomes, is more inclined to spend on healthcare and wellness, including vision care. This generational transition promotes demand for prescription eyewear, and so for optical lens edgers.
  • Many Asian Pacific countries are making rapid improvements to their healthcare infrastructure. This includes improved access to eye care services, which increases demand for optical lens edgers when more optical stores and clinics open.
  • Furthermore, rapid urbanization and lifestyle changes, such as increased screen time, are contributing to the higher incidence of vision impairment. This trend is fueling the demand for corrective eyewear, which in turn increases the demand for lens edging technology.

Europe

  • Europe region is estimated to exhibit substantial growth during the forecast period. Europe has one of the greatest percentages of elderly people worldwide, resulting in a higher prevalence of age-related vision problems. This demographic trend supports a steady demand for prescription eyewear, which expands the market for optical lens edgers.
  • Europe’s extensive and well-established healthcare systems allow widespread access to eye care services, encouraging regular vision examinations and, as a result, the need for personalized eyewear made with lens edgers.
  • Furthermore, Europe is a hub of technological innovation, particularly in the optical industry. The presence of prominent optical equipment manufacturers, as well as a focus on R&D efforts, encourage the use of improved lens edging technologies, hence aiding market expansion.

Optical Lens Edger MarketSegmentation Analysis

The Optical Lens Edger Market is segmented based on Type, Application, and Geography.

Optical Lens Edger Market, By Type

  • Manual
  • Semi-Automatic
  • Automatic

Based on Type, the market is segmented into Manual, Semi-Automatic, and Automatic. The automatic segment is estimated to dominate the optical lens edger market due to the growing demand for efficiency, precision, and speed in the production of glasses. Automatic lens edgers greatly minimize the time required for lens fitting while providing consistent high-quality results, which is critical in satisfying the increased demand for bespoke eyewear. Furthermore, the incorporation of advanced technologies like digital measuring and computer-aided design in automatic edgers makes them more appealing to large-scale eyeglasses makers and optometry clinics.

Optical Lens Edger Market, By Application

  • Eyeglass Lens
  • Microscope Lens
  • Camera Lens
  • Others

Based on Application, the market is segmented into Eyeglass Lenses, Microscope Lenses, Camera Lenses, and Others. The eyeglass lens segment is estimated to grow at the highest CAGR in the optical lens edger market due to the extensive and increasing global need for corrective eyewear caused by rising rates of visual impairments such as myopia, hyperopia, and presbyopia. The aging population, particularly in developed countries, adds significantly to this demand. Furthermore, a considerable section of the population considers eyeglasses to be vital for daily activities, resulting in a consistent demand for optical lens edgers to make custom-fitted lenses.

Optical Lens Edger Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on Geography, the Optical Lens Edger Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is expected to show the highest growth during the forecasted period. Rapid urbanization and an increased prevalence of visual impairments caused by lifestyle changes, such as prolonged exposure to digital screens, are driving up demand for prescription eyewear. Furthermore, as healthcare infrastructure expands and the middle class gains more disposable income, more individuals will be able to obtain quality eye care treatments. Governments in the region are also aggressively investing in health promotion, including eye health, which is accelerating this increase. Furthermore, the local manufacturing boom, fueled by government incentives and an emphasis on technological breakthroughs, is making advanced optical lens edging equipment more accessible and inexpensive in this region.

Key Players

The “Optical Lens Edger Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Essilor International S.A., Luneau Technology Group, Topcon Corporation, NIDEK CO. LTD., INNOVA Medical Ophthalmics Inc., Huvitz Corp., Coburn Technologies Inc., Shanghai Supore Instruments Co. Ltd., Mei Srl, and Santinelli International.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Optical Lens Edger Market Recent Developments

  • In July 2021, Topcon Corporation, a Japan-based ophthalmic solution provider, acquired VISIA Imaging S.rl, an ophthalmic device manufacturer based in suburban Florence, Italy. Topcon’s acquisition strengthens its expertise in developing and producing anterior segment devices and software, complementing its existing range of fundus imaging devices including fundus cameras and optical coherence tomography (OCT).
  • In October 2020, Topcon Corporation announced the construction of a new factory for its subsidiary Topcon Optonexus Co, Ltd. to increase optical component production capacity.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Essilor International S.A., Luneau Technology Group, Topcon Corporation, NIDEK CO. LTD., INNOVA Medical Ophthalmics Inc., Huvitz Corp., Coburn Technologies Inc., Shanghai Supore Instruments Co. Ltd., Mei Srl, and Santinelli International.

SEGMENTS COVERED

• By Type• By Applications• By Geography

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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