Global Anti-Blue-Ray Myopia Lenses Market Expected
New York, United States, Aug. 30, 2022 (GLOBE NEWSWIRE) — According to a report by Research Dive, the global blue-ray anti-myopia lenses market is expected to generate $5,361.10 million in revenue and grow at a CAGR of 7.6% throughout the forecast period from 2022 to 2030.
According to our analysts, with the growing demand for anti-blue ray glasses for myopia To reduce the risk of migraine headaches and macular degeneration, the blue-ray anti-myopia lenses market is expected to grow exponentially over the analysis period. Additionally, improving living standards and growing fashion trend among consumers to purchase premium eye protection items are expected to drive the market growth over the estimated time frame. However, the higher cost of blue-ray anti-myopia lenses might hamper the market growth throughout the forecast period.
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The report has split the anti-myopia blue-ray lenses market into segments based on type, distribution channel, and region.
Type: unique sub-segment to be the most productive
The unique sub-segment is expected to generate revenue of $2,666.50 million over the estimated period. This is mainly due to the fact that a large part of the population uses monofocal lenses to correct their myopia and hyperopia. Additionally, major companies in the industry are forming strategic alliances to provide customers with anti-blue-ray glasses at the lowest possible prices, which is expected to increase the growth of the market sub-segment over the analysis period.
Distribution channel: retail stores sub-segment will be the most profitable
The retail store sub-segment is expected to generate revenue of $3,148.50 million during the forecast period. This is mainly due to the variety of glasses offered by retail stores, ranging from budget brands to high-end brands that attract people to buy glasses from retail stores. Additionally, the numerous retail establishments that offer complementary eye examinations by licensed optometrists are expected to support the growth of the blue-ray anti-myopia lenses market sub-segment over the analysis period.
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Region: Asia-Pacific will hold the maximum market share
The Asia-Pacific region is expected to grow at a CAGR of 6.6% over the estimated period. This is mainly because myopia is increasingly common among children in this region. Additionally, the growing popularity of blue ray anti-myopia lenses in this region due to their many benefits such as blocking harmful blue lights emitted from digital devices such as smartphones, LEDs, TV and others similar devices, should stimulate the region. market growth over the forecast period.
Impact of Covid-19 on Anti Blue Ray Lenses for Myopia Market
Although the novel coronavirus outbreak has devastated several other industries, it has had a positive impact on the anti-myopia blue-ray lens market. Due to government imposed shutdowns, most people have started spending more time on their digital screens such as smartphones, computers, TVs and many more. This has impacted many people’s eye health during the pandemic due to increased screen time. All these factors have greatly increased the demand for anti-myopia blue ray lenses during the crisis period.
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Main market players
Key Players of Blue-Ray Anti-Myopia Glasses Market Include
- Chemiglas Corp.
- Shamir Optical Industry Ltd
- RODENSTOCK GMBH
- Mingyue Glasses Co.,Ltd.
- Shanghai Conant Optics Co.,Ltd
- HOYA Company
These players extensively work on developing new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to gain a leading position in the global industry. Inquire for access to the strategic development report of key companies
For example, in February 2021, EssilorLuxottica and CooperCompanies, the two renowned eye care companies, announced their acquisition of SightGlass Vision, a leading US medical device company that develops spectacle lenses for children. With this acquisition, the companies aimed to develop innovative spectacle lenses to reduce the progression of myopia in children and strengthen innovation opportunities and go-to-market capabilities to expand the myopia control category.
Besides, the report also presents other important aspects including SWOT analysis, financial performance of major players, product portfolio and latest strategic developments.
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