Ophthalmic Lens Market Size, Share, Growth, and Industry Analysis, By Type (ADC Ophthalmic Lens, PC Ophthalmic Lens, PU Ophthalmic Lens, Acrylic Ophthalmic Lens, Epoxy Ophthalmic Lens, and others), By Application (Corrective Lens, Sunglasses Lens, Intraocular Cataract Lens, Others), Regional Forecast To 2034

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OPHTHALMIC LENS MARKET OVERVIEW

The global ophthalmic lens market size was valued at approximately USD 21.1 billion in 2025 and is expected to reach USD 42.17 billion by 2034, growing at a compound annual growth rate (CAGR) of about 8% from 2025 to 2034.

Ophthalmic lenses are medical devices used to correct or improve vision, and they are primarily made from plastic or glass. The demand for ophthalmic lenses is driven by the increasing prevalence of vision disorders, including myopia, hyperopia, and astigmatism. Additionally, the rising geriatric population worldwide is expected to increase the demand for ophthalmic lenses in the forecast period.

KEY FINDINGS

COVID-19 IMPACT

 lack of raw materials hampered market growth during the lockdown

The COVID-19 pandemic has had a mixed impact on the ophthalmic lens market. The pandemic caused disruptions in the global supply chain, leading to a shortage of raw materials and a decrease in production. However, the pandemic also increased the demand for eyewear, as people spent more time indoors and used digital devices more frequently.

LATEST TRENDS

Rising Popularity of the Product to Surge Market Demand

The global ophthalmic lens market is witnessing some latest trends, including the growing popularity of photochromic lenses that adjust to varying light conditions. Additionally, there is a rising demand for multifocal lenses that provide clear vision at different distances. Moreover, advancements in lens design and manufacturing technology are resulting in the development of thinner, lighter, and more comfortable lenses.

• According to the World Health Organization, 2.2 billion people worldwide have some form of vision impairment, of whom at least 1.0 billion have impairment that could have been prevented or is yet to be addressed.

• According to a large meta-analysis (Holden et al., PubMed/AAO), by 2050 an estimated ≈4,758 million (≈49.8%) of the world’s population will be myopic (myopia prevalence projected to approach half the global population).

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OPHTHALMIC LENS MARKET SEGMENTATION

By Type Analysis

Based on type, the market can be segmented into ADC ophthalmic lens, PC ophthalmic lens, PU ophthalmic lens, acrylic ophthalmic lens, epoxy ophthalmic lens, and others.

By Application Analysis

Based on material, the market can be segmented into Corrective Lens, Sunglasses Lens, Intraocular Cataract Lens, and Others.

DRIVING FACTORS

Growing Prevalence of Eye Disorders to prosper market growth

The growing prevalence of eye disorders such as myopia, hyperopia, astigmatism, and presbyopia is expected to drive the growth of the ophthalmic lens market. According to the World Health Organization, approximately 2.2 billion people worldwide have vision impairment or blindness, and the number is expected to increase in the coming years.

• According to the United Nations (UN DESA), there were 703 million people aged 65+ in 2019 and that number is projected to reach ≈1.5 billion by 2050, increasing demand for corrective lenses and age-related optical care.

• According to peer-reviewed studies on digital eye strain, average daily digital device use rose substantially (reported increase ≈4.8 hours/day and total daily use reported ≈8.65 hours/day in some surveys), driving demand for anti-fatigue, blue-light and ergonomic lens solutions.

Rising Geriatric Population to augment product demand

The rising geriatric population is also expected to drive the demand for ophthalmic lenses. Aging is associated with several eye disorders such as cataracts, glaucoma, and age-related macular degeneration, which require corrective eyewear.

RESTRAINING FACTORS

High Cost of Eyewear to hamper market growth

The high cost of eyewear is one of the significant factors restraining the market growth. The cost of ophthalmic lenses varies depending on the type, material, and prescription, making it difficult for low-income individuals to afford.

Availability of Alternative Treatment Options to limit market growth

The availability of alternative treatment options such as refractive surgery is also a significant factor restraining the growth of the ophthalmic lens market. Refractive surgery can correct refractive errors permanently, eliminating the need for corrective eyewear.

• According to global workforce analyses (Lancet/ICO), low-income countries average only ≈3.7 ophthalmologists per million population versus ≈76.2 per million in high-income countries — a major access constraint for corrective lens distribution and eye-care follow-up.

• According to the WHO World Report on Vision, ≥1.0 billion people have vision impairment that is preventable or unaddressed — demonstrating persistent access, affordability and service-coverage barriers that restrain market reach.

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OPHTHALMIC LENS MARKET REGIONAL INSIGHTS

North America to lead the market due to the rising prevalence of key market players

North America is expected to dominate the market, owing to the presence of major players and the high prevalence of eye disorders in the region. The Asia Pacific market is also expected to grow, owing to the increasing awareness about eye health and rising disposable income in the region.

KEY INDUSTRY PLAYERS

Adoption of Innovative Strategies by Key Players Driving Market Growth

Major players in the global ophthalmic lens market are adopting innovative strategies to drive market growth. Collaborative efforts through partnerships with other companies are helping these players stay ahead of the competition. To expand their product portfolio, many companies are investing in new product launches, while others are using mergers and acquisitions to acquire new technologies and improve product quality.

• EssilorLuxottica — The company has a presence in over 150 countries and reports a global workforce of approximately 200,000 employees.

• Carl Zeiss Group (Zeiss) — Zeiss employs more than 46,000 people worldwide and maintains operations across around 50 countries.

List of Top Ophthalmic Lens Companies

• Essilor International (HQ: France)
• Zeiss (HQ: Germany)
• CooperVision (HQ: United States)
• GKB Ophthalmics (HQ: India)
• Hoya Corporation (HQ: Japan)
• Novartis AG (Alcon) (HQ: Switzerland)
• Shimizu (HQ: Japan)
• Rodenstock GmbH (HQ: Germany)
• Seiko Optical Products (HQ: Japan)
• Nikon (HQ: Japan)
• Johnson and Johnson (HQ: United States)
• Valeant Pharmaceuticals (Bausch+Lomb) (HQ: Canada)
• MingYue (HQ: China)
• Conant (HQ: China)
• Wanxin (HQ: China)
• CHEMI (HQ: South Korea)
• Hongchen (HQ: China)

REPORT COVERAGE

This report offers a comprehensive analysis of the ophthalmic lens market, taking into account various factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. The report profiles key industry players and offers a detailed analysis of their strategies, partnerships, and collaborations. The analysis is subject to alteration if the key players and probable analysis of market dynamics change.