Ophthalmic Spectacle Lenses and Equipment Market Size Worth USD 103.86 Billion by 2034 | CAGR: 6.1%

The global ophthalmic spectacle lenses and equipment market size is expected to reach USD 103.86 billion by 2034, according to a new study by Polaris Market Research. The report “Ophthalmic Spectacle Lenses and Equipment Market Size, Share, Trends, Industry Analysis Report: By Product Ophthalmic Spectacle Lenses and Ophthalmic Spectacle Equipment) and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing aging population is a significant driver for the ophthalmic spectacle lenses and equipment market growth as individuals over 40 often experience presbyopia, requiring reading glasses or progressive lenses for clear vision. Similarly, cataracts, a common condition among the elderly, necessitate corrective lenses or surgical interventions supported by advanced ophthalmic equipment. According to the World Health Organization, the global population aged 60 and above is expected to double by 2050, creating a surge in demand for eye care solutions. Countries such as Japan, where over 28% of the population is aged 65 or above, exemplify this trend, driving the need for high-quality spectacle lenses. Additionally, the rising disposable income among aging individuals in developed and emerging markets fuels investments in premium eyewear and state-of-the-art vision correction technologies.

The increasing adoption of smartphones and display devices, coupled with rising screen time, propels the ophthalmic spectacle lenses and equipment market demand. Prolonged exposure to digital screens contributes to digital eye strain (DES), a condition characterized by blurred vision, dry eyes, and headaches. With over 6.9 billion smartphone users globally as of 2023, screen time has surged, especially among working professionals and students engaged in remote work and e-learning. For example, the American Optometric Association highlights that excessive screen use leads to conditions such as computer vision syndrome, increasing the demand for blue-light-blocking and anti-reflective lenses.  

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In markets such as India and China, where smartphone penetration is over 70%, there is an increase in the sales of specialized spectacle lenses designed to alleviate digital strain. Additionally, rising awareness about eye health among screen users has led to higher adoption of diagnostic equipment and protective eyewear solutions, fueling the ophthalmic spectacle lenses and equipment market expansion.

Ophthalmic Spectacle Lenses and Equipment Market Report Highlights

• Based on type, the ophthalmic spectacle lenses segment dominated the ophthalmic spectacle lenses and equipment market share in 2024 due to the rising prevalence of vision impairments across the world. According to the World Health Organization (WHO), at least 2.2 billion people have vision impairment, with 1 billion cases being preventable or unaddressed. This highlights the urgent need for corrective solutions, particularly in underserved regions where access to surgical treatments or advanced eye care is limited. An aging global population further contributes to this demand as vision loss disproportionately affects people over the age of 50.   
• North America dominated the ophthalmic spectacle lenses and equipment market revenue share in 2024. The region has a high prevalence of vision-related disorders, such as myopia, presbyopia, and cataracts, driven by an aging population and increased screen time. For example, the US Census Bureau projects that by 2030, 20% of the US population will be aged 65 or above, significantly boosting the demand for vision correction solutions.
• The market in Asia Pacific is expected to register the highest CAGR in the coming years owing to advancements in optical technology and a growing aging population. The expanding consumer base further drives the market demand.   
• A few global key market players are EssilorLuxottica; Hoya Corporation; Zeiss Vision Care; Nikon Corporation; Seiko Optical Co., Ltd.; Vision Service Plan (VSP) Global; Rodenstock GmbH; TOKAI OPTICAL Co., Ltd.; Optical Dynamics Corporation; and GKB Ophthalmics Ltd.

Polaris Market Research has segmented the ophthalmic spectacle lenses and equipment market report on the basis of product and region:

By Product Outlook (Revenue, USD Billion, 2021–2034)

• Ophthalmic Spectacle Lenses
  • By Lens Type 
    • Single-Vision Lens
    • Multifocal Lenses
      • Progressive Lenses
      • Bifocal Lenses
      • Trifocal Lenses
    • Others
  • By Lens Material
    • Plastic

• Polycarbonate
• CR-39 Plastic
• Others
  • • Glass
  • By Usage:
    • Prescription Spectacle Lenses
    • Non-prescription Spectacle Lenses
• Ophthalmic Spectacle Equipment
  • Lens Fabrication Equipment
    • Lens Generators
    • Edging Machines
    • Others
  • Lens Coating Equipment
    • Anti-Reflective Coating Machines
    • Hard Coating Equipment
    • UV Coating Equipment
    • Others
  • Optical Measurement Equipment
    • Refractors & Autorefractors
    • Lensometer
    • Others
  • Others

By Regional Outlook (Revenue, USD Billion, 2021–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Ophthalmic Spectacle Lenses and Equipment Market Report Scope