Photochromic Lenses Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2026

Introduction

Photochromic lenses alter their color when exposed to daylight. These lenses were introduced in 1960s and were manufactured industrially from silver. However, with developments in machinery, the materials such as plastic or polycarbonate were used in production of photochromic lenses. These lenses were designed to progress optical health of patients as they restrict excess UV rays when exposed to sun but works as a normal spectacle while at home.

Market Dynamics

Advancement in technology, increased flexibility to have product online or offline with respect to style is driving the growth of this market. Anyone can opt for photochromic lenses for medical or non-medical applications. Owing to these factors the photochromic lenses market is growing significantly worldwide. High cost of manufacturing and low availability of lenses is impeding the market growth. Enhanced response in hot climate, availability of multicolor lenses, increased sensitivity to indirect light, technology enhancement are the major factors expected to fuel this market in upcoming years.

Market Classification and Overview

The market can be bifurcated on the basis of types, application, and geography. By types, photochromic lenses market can be segmented into glass, standard plastic (1.53 coat & uncoat), mid-index plastic (1.53 - 1.65), high-index plastic (above 1.65), polycarbonate. By application, photochromic lenses market can be segmented into corrective, preventive. On the basis of geography, the photochromic lenses market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in photochromic lenses market include Rodenstock GmbH, Corning Inc., ZEISS, and Essilor International S.A., among others.

Market Segmentation

Market By Types

Glass

Standard Plastic (1.53 Coat & Uncoat)

Mid-Index Plastic (1.53 - 1.65)

High-Index Plastic (Above 1.65)

Polycarbonate

Market By Application

Corrective

Preventive

Market By Region

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa