Anti-Blue Ray Myopia Lenses Market

Anti-Blue Ray Myopia Lenses Market Research, 2030

The global anti-blue ray myopia lenses market was valued at $2.28 billion in 2021, and is projected to reach $5.36 billion by 2030, growing at a CAGR of 7.6% from 2022 to 2030. Anti-blue ray myopia lenses are becoming more and more popular. These lenses do help to lessen eye strain and shield the eyes from dangerous blue radiation, as per analysis studies undertaken by medical professionals. Some of the benefits of using anti-blue ray myopia lenses are they decrease the possibility of migraines and macular degeneration. For instance, though a strong link between blue light and macular degeneration has not yet been conclusively proven, research suggests that macular degeneration may be more likely if blue light is exposed frequently. As a result, many specialists suggest wearing anti-blue ray myopia lenses on a daily basis to reduce the risk of developing this condition. Hence, migraines and headaches are directly related to eye strain in terms of origin and effect. Thus, using these lenses can lessen migraines' frequency and severity.

A blue-light-filtering lens retailer named ZENNI OPTICAL said in January 2021 that sales of the lenses had climbed by up to 60% yearly compared to the previous two years, with a sale of 2 million pairs in 2020. According to the aforementioned factors, the pandemic may present considerable market investment prospects in the next years.

However, due to some chemicals employed in the lens production process, anti-blue ray lenses are discovered to turn yellow over time, which is a growth-restricting factor for the industry. Such key issues may create a negative impact on the Anti-Blue Ray Myopia Lenses Market forecast period.

Due to people's increasing desire to purchase high-quality items for their eye protection, the market for anti-blue ray myopia lenses is expanding extremely quickly on a global scale. According to current market trends, people all around the world want designer and fashionable spectacles. Additionally, it is anticipated that rising trends of online virtual try-ons for eyewear will accelerate the expansion of the market internationally. Customers can choose glasses from the comfort of their homes by using the virtual try-ons to suit their preferences, wants, and likes. The market for anti-blue ray myopia lenses is growing favorably as a result of rising fashion consciousness and living standards. These factors are anticipated to propel the global anti-blue ray myopia lenses market growth.

The key players profiled in this report include Essilor, HOYA GROUP, RODENSTOCK GMBH, ZEISS, Seiko, Chemiglas Corp., Nikon, Shamir Optical Industry Ltd, Mingyue Glasses Co., Ltd., and Shanghai Conant Optics Co., Ltd.

The global anti-blue ray myopia lenses market is segmented on the basis of type, distribution channel, and region. By type, the market is sub-segmented into single, bifocal, trifocal, and others. By distribution channel, the market is classified into retail stores, hospital & clinics, and e-commerce platforms. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The anti-blue ray myopia lenses market is segmented into Type and Distribution Channel.

By type, the single sub-segment dominated the market in 2021 and is expected to be the fastest growing sub-segment. The majority of people under the age of 40 who need to correct their nearsightedness and farsightedness use single focal lenses. Additionally, for a large portion of the population, this kind of lens is the most economical. Moreover, major industry companies are forming strategic alliances to provide customers with the greatest anti-blue ray lenses possible. These are predicted to be the major factors affecting the anti-blue ray myopia lenses market size during the forecast period.

By type, the bifocal sub-segment is expected to significantly grow during the timeframe. The use of bifocal lenses eliminates the need to switch glasses when doing two vision correction tasks. For many patients, bifocals are a practical solution because of this. A wearer can have just one pair of glasses that make it simple to do everything, rather than needing two pairs—one for driving and one for reading. These are predicted to be the major factors affecting the anti-blue ray myopia lenses market size during the forecast period.

By distribution channel, the retail stores sub-segment dominated the global anti-blue ray myopia lenses market share in 2021. This market expansion can be ascribed to an increase in the number of consumers who favor retail establishments like independent stores, wholesalers, and brand chains. This is due to the broad variety of lenses that retail stores offer, from budget-friendly to high-end brands, which is said to be one of the causes influencing customers to purchase eyewear or lenses from these establishments. Such distribution channel of anti-blue ray myopia lenses in the retail stores are bound to create a scope of growth for the sub-segment during the forecast period.

By region, Asia-Pacific market dominated the global market in 2021 and is projected to remain the fastest-growing sub-segment during the forecast period. Myopia, also known as nearsightedness and shortsightedness, is a visual anomaly wherein the resting eye concentrates the picture of a distant object at a point in front of the retina, leading to a blurred image. Myopia is becoming more common among children in Asian nations including China, India, and Japan as a result of more time spent studying or playing video games on screens while using mobile phones. Myopia has been quickly increasing among children in Southeast Asian and Eastern countries over the past 60 years as a result of educational pressure on schoolchildren, according to a review report from the NCBI (National Center for Biotechnology Information) published in May 2020. Such studies demonstrate that, in the following years, the Asia-Pacific anti-blue ray myopia lenses market will be stimulated by the exponential growth in demand for anti-blue ray myopia lenses.

Impact of COVID-19 on the Global Anti-blue Ray Myopia Lenses Industry

• COVID-19 has positively impacted anti blue ray myopia lenses industry. During the government-enforced lockdown that was put in place to stop the spread of the coronavirus sickness, most individuals spent more time on their digital screens, computers, and mobile devices. People were exposed to blue light for extended periods of time, which negatively impacted the majority of people's eye health, increasing the demand for anti-blue ray lenses.
• Increased exposure to digital screens, cell phones, and laptops as well as excessive contact with blue lights, which impair eye health, are mostly to blame for the rise in demand for anti-blue ray lenses during the pandemic.
• Due to increased screen usage during the pandemic, people have been experiencing problems including dry eyes and eye discomfort from too much exposure to blue light. Because of this, the significance of maintaining good eye health has increased dramatically, fuelling market expansion.
• ZENNI OPTICAL, an optical retail company, claimed in January 2021, that sales of blue-light filtering lenses increased up to 60% annually in comparison to the previous two years, with a sale of 2 million pairs in 2020. The aforementioned elements indicate that the pandemic may result in significant market investment opportunities in the upcoming years.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the anti-blue ray myopia lenses market analysis from 2021 to 2030 to identify the prevailing anti-blue ray myopia lenses market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the anti-blue ray myopia lenses market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global anti-blue ray myopia lenses market trends, key players, market segments, application areas, and market growth strategies.

 Anti-Blue Ray Myopia Lenses Market Report Highlights