Industry Outlook

The global optical lens edgers market is expected to witness steady progress due to growing incidence of ophthalmologic conditions and increasing geriatric population. Lens edging is performed as a part of lens finishing process, following lens measuring, optical center locations and determining other lens features. Some prominent factors driving the growth of the global propelling the growth of the optical lens edger industry is the growing concern for delivering precision ophthalmologic products. Growing prevalence of eye disorders and other problems will also augment the demand for lens edgers. Furthermore, as the global geriatric population is increasing, the incidence of ophthalmic conditions shall also correspondingly grow, thereby leading to a significant demand for eyeglasses coming from this group. Consumerism has also led to growing uptake of cameras and camera lenses.

"Semi-automatic lens edgers to occupy the largest revenue share"

Based on the types, the global optical lens edgers market is segmented into manual, semi-automatic and automatic devices. Semi-automatic lens edgers segment has the dominant revenue share in the global market. These solutions are more efficient than manual edger and more affordable than automatic counterparts. Such convenience and affordability makes semi-automatic devices more sought in stand-alone eyeglass shops, which forms the largest user base for lens edgers. These devices also offer better precision than manual edgers. However improving pricing scenario will lead to growing demand for automatic lens edger devices."Eyeglasses to continue to dominate the global market and drive the market growth"

Optical lens edgers find highest application in manufacture and processing of eyeglasses. In terms of volume, eyeglasses are the most common ophthalmic product used worldwide and is also the first line of solutions used for treating vision disorders. Eyeglasses and specialty sunglasses are also across all age groups and thus have universal application. Furthermore, as the imaging industry is flourishing on both consumer and industrial scales, camera lens segment shall be witnessing rapid market growth during the forecast period. The usage of digital cameras is increasing among professionals and enthusiasts, along with the growing impact of image capturing and sharing across several areas. This ecosystem is therefore anticipated to drive the market growth.  

"Asia Pacific to witness rapid growth with increasing procedure rates"

North America accounts for the largest revenue share in the lens edgers market, however the region will witness slow market growth during the forecast period, due to market saturation. Whereas Asia Pacific market will be progressing at a better growth rate surpassing the global benchmark. China and Japan will be the most prominent market to watch while India shall also be witnessing swift growth in adoption of novel devices. The demand for lens edgers in Asia Pacific is mainly driven by competitive prices of locally manufactured products and a significantly large consumer base. GCC and Brazil will be the key markets in Middle East & Africa and Latin America regions.

This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Nidek Co. Ltd., Luneau Technology Operations SAS, Essilor International S.A., US Ophthalmic, Huvitz Co., Ltd., Shanghai YanKe Instruments Co. Ltd., Dia Optical Co., Fuji Gankyo Kikai Mfg Co. Ltd., Visslo Inc. and Coburn Technologies Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Optical Lens Edgers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Optical Lens Edgers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Optical Lens Edgers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Optical Lens Edgers market?
• Which is the largest regional market for Optical Lens Edgers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Optical Lens Edgers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Optical Lens Edgers market worldwide?