Optical Lens Edger Market Size (2024 - 2029)

The optical lens edger market is anticipated to experience notable growth over the forecast period, driven by increasing demand from the ophthalmology and camera industries, a rising geriatric population, and a high prevalence of vision impairment. The market's expansion is further supported by advancements in optical technology and the integration of optical edgers in medical devices. Despite challenges such as the impact of COVID-19 on surgical procedures and competition from contact lenses, the market is poised for growth due to its diverse applications and the growing need for enhanced lens quality.

Market Size of Optical Lens Edger Industry

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Optical Lens Edger Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR 5.60 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Optical Lens Edger Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Optical Lens Edger Market Analysis

The optical lens edger market is expected to register a CAGR of 5.6% over the forecast period.

The government regulations & lockdown led to a substantial decline in overall non-emergency treatments, which in turn restricted the usage of optical lens edgers in vision impairment. In February 2021, an article in the American Journal of Ophthalmology reported that the COVID-19 pandemic decreased surgical volumes in April 2020 by 90%. The decrease in surgical procedures due to COVID-19 also affected many ophthalmology surgeries across the world. This also hampered the prospects of the optical lens edger market. Over the past few months of COVID-19, economic activities started to pick up pace in several parts of the world, paving the way for new growth momentum in the optical lens edger market, thus the market is expected to witness growth over the forecast period.

The major factors that are driving the market are the increasing demand for optical edgers by the ophthalmology and camera industries, the increasing geriatric population, and the high prevalence of patients with vision impairment. Also, these optical edgers are being used in medical devices and equipment such as dental apparatus, ophthalmic equipment, and ENT equipment. Thus, the high demand for optical edgers is fueling the growth of optical lens edgers over the forecast period. The advancement in optical technology and expanding research and development activities in the field of vision and the new product are also propelling the growth of the studied market. For instance, in July 2022, WALDO launched the Hydra Boost Plus lens. It is a completely new product, and these daily contact lenses are infused with a uniquely pink-colored vitamin-B12 saline solution to naturally support the eyes' ability to retain tears, reduce redness and eyestrain, and wear comfortably for twice as long. Furthermore, the increasing penetration of the internet and social media has raised the demand for cameras with superior lens edger and picture quality. These usages of the optical lens edger in different industries are also expected to have a significant impact on the growth of the studied market.

The high prevalence of patients with vision impairment is also increasing the demand for optical lenses, thereby driving the market. For instance, in June 2021 an article by the Journal of the American Medical Directors Association, a survey was conducted in a few nursing homes in the United States and reported that the overall prevalence of vision impairment or blindness was 63.8% and was above 60% for each age, sex, and race category. The prevalence of vision impairment or blindness was 68.4% among patients with cataracts, 69.4% among patients with macular degeneration, 70.5% among patients with glaucoma, and 68.4% among patients with diabetic retinopathy. Similarly, in February 2021, an article by the JAMA Ophthalmology reported that more than 1 billion people worldwide have vision impairment or blindness from potentially preventable or correctable causes. In June 2022, another study conducted in a school in China, in an article by the Frontiers in Public Health reported the overall prevalence of myopia was 75.35% and a high proportion of myopia among school students in the city of Weifang, and gradually increased with age, and the prevalence of myopia was highest in Changyi areas. This article also quoted that the number of people suffering from myopia is expected to reach 4.8 billion across the world by 2050. Thus, the high prevalence of eye-related disorders among individuals ranging from young to adults is increasing the demand for lenses, thereby driving the market.

Thus, due to the aforesaid mentioned reasons, the market is expected to witness significant growth over the forecast period. However, the declining rate of product improvement and the increasing use of contact lenses may slow down its growth over the studied period.

Optical Lens Edger Industry Segmentation

As per the scope of the report, an optical lens edger is part of the optical manufacturing apparatus that edges, cuts, or grinds optical lenses so that they can fit into the selected frame. The Optical Lens Edger Market is Segmented by Type (Manual Optical Lens Edger, Automatic Optical Lens Edger, Semi-automatic Optical Lens, and Automatic Optical Lens Edger), Application (Eyeglass Lens, Microscope Lens, and Camera Lens), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Type
Manual Optical Lens Edger
Automatic Optical Lens Edger
Semi-automatic Optical Lens Edger
By Application
Eyeglass Lens
Microscope Lens
Camera Lens
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Optical Lens Edger Market Size Summary

The optical lens edger market is poised for growth, driven by increasing demand from the ophthalmology and camera industries, alongside a rising geriatric population and high prevalence of vision impairment. The market experienced a temporary setback due to the COVID-19 pandemic, which significantly reduced surgical volumes and impacted ophthalmology procedures globally. However, as economic activities resumed, the market began to recover, supported by advancements in optical technology and expanding research and development. The integration of optical edgers in various medical devices and equipment, such as dental and ENT apparatus, further fuels market expansion. The demand for superior lens quality in photography, spurred by the growing penetration of the internet and social media, also contributes to the market's positive outlook.

North America is expected to lead the global optical lens edger market, bolstered by a substantial consumer base for eyeglasses, the presence of key market players, and technological advancements. The region benefits from well-established insurance policies and advanced healthcare infrastructure, which support market growth. The increasing number of geriatric individuals and a growing patient pool further drive demand. The market is characterized by fragmentation and competitiveness, with numerous small-scale players and dominant companies like Essilor International S.A. and Topcon Corporation. Recent developments, such as the acquisition of WestGroupe by FYi Health Group and the launch of Clareon intraocular lenses by Alcon, highlight ongoing innovation and strategic expansions within the industry.

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Optical Lens Edger Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand for Optical Edgers by Opthalmology and Camera Industries

      2. 1.2.2 High Prevalence of Patients with Vision Impairment

      3. 1.2.3 Increasing Geriatric Population

    3. 1.3 Market Restraints

      1. 1.3.1 Declining Rate of Product Improvement

      2. 1.3.2 Increasing Use of Contact Lens

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Type

      1. 2.1.1 Manual Optical Lens Edger

      2. 2.1.2 Automatic Optical Lens Edger

      3. 2.1.3 Semi-automatic Optical Lens Edger

    2. 2.2 By Application

      1. 2.2.1 Eyeglass Lens

      2. 2.2.2 Microscope Lens

      3. 2.2.3 Camera Lens

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Optical Lens Edger Market Size FAQs

The Global Optical Lens Edger Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

Essilor International S.A, Topcon Corporation, Coburn Technologies Inc, Huvitz Corp and NIDEK CO., LTD are the major companies operating in the Global Optical Lens Edger Market.

Optical Lens Edger Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)