Monday 30 December 2019

Photochromic Lens Market Outlook, Growth, Size, Share, Trend and Forecast by 2024

Rising geriatric population coupled with increasing awareness for eye care to drive global photochromic lens market through 2024




According to TechSci Research report, Global Photochromic Lens Market By Material, By Technology, By Application, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, the global photochromic lens market is forecast to grow until 2024, on the back of rising popularity of these lenses, product innovations with enhanced technology and rising awareness towards eye care. Moreover, growing ageing population across the globe and rising demand for photochromic lenses among older population is further anticipated to positively influence global photochromic lens market over the coming years. In terms of material, global photochromic lens market is categorized into glass, polycarbonate and plastic, of which plastic is the rapidly growing segment on account of quick-darkening and quick-clearing effect of these lenses and product innovation, i.e., availability of different colors in plastic.

Browse market data Tables and Figures spread through 130 Pages and an in-depth TOC on   
"Global Photochromic Lens Market"
https://www.techsciresearch.com/report/photochromic-lens-market/3486.html
Key Players :
Some of the leading players in global photochromic lens market are Carl Zeiss Meditec AG, Corning Incorporated, Essilor International S.A., Hoya Corporation, Vision Service Plan, Transitions Optical Limited, Optiswiss AG, Tokai Optical Co., Ltd., Seiko Optical Products Co., Ltd., Vision Dynamics LLC. etc.
Based on the distribution channel, global photochromic lens market is segmented into online, optical chains, and independent eye care professionals. Of all, online segment is predicted to witness a significant growth during forecast period owing to the wide range of product offerings and various deals offered by the e-commerce vendors. However, independent eye care professionals segment is expected to continue its dominance during forecast period. Regionally, North America photochromic lens market was the largest region in global photochromic lens market in 2018 and is anticipated to dominate the market during forecast period as well on account of the presence of a well-structured distribution network and major market vendors in the region. Moreover, increasing number of individuals suffering from cataract, diabetic retinopathy, glaucoma, and macular degeneration, is further anticipated to drive demand for photochromic lenses in North America.

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“Global photochromic lens market is anticipated to register a steady growth over the course of next five years. Technological advancements, increasing retail outlets and comfort and style benefits offered by photochromatic lenses are the factors fueling growth in the global photochromic lenses market. Moreover, global photochromic lenses market is further anticipated to witness growth in the coming years owing to rising cases of eye diseases, increasing diagnostic procedures for ophthalmology and growing awareness among consumers.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Photochromic Lens Market By Material, By Technology, By Application, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, has evaluated the future growth potential of global photochromic lens market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global photochromic lens market.

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