Anti-blue ray myopia lenses are a type of protective eyewear that blocks the harmful blue rays released from digital gadgets like smartphones, laptops, televisions, LEDs, etc. Blue light negatively impacts the eyes and increased exposure to such gadgets can lead to severe health issues like cataract, dry eye, eyestrain, age-related macular degeneration, and much more. Moreover, sleep cycles and circadian rhythm get highly disturbed by high exposure to blue light that can dry up the eyes.
Forecast Analysis of the Global Market
The growing usage of digital gadgets like smartphones, laptops, televisions, LEDs, etc. by children for playing video games and the consequent issues like cataract, dry eyes, migraines, macular degeneration, and eyestrain is the major driving factor for the global anti-blue ray myopia lenses market during the analysis years. Moreover, increased exposure to blue light can also lead to disturbed sleep pattern and circadian rhythm that is estimated to further boost the market growth by 2030. Additionally, increasing fashion trends among people and their high disposable income are also anticipated to offer ample growth opportunities for the global anti-blue ray myopia lenses market during the 2022-2030 forecast period. However, higher cost of anti-blue ray myopic lenses is the major hindering factor for the market growth.
Regionally, the anti-blue ray myopia lenses market in the Asia-Pacific is predicted to have a noteworthy growth rate of 6.6% CAGR during the 2022-2030 forecast period due to educational pressure and the consequent increasing incidences of myopia among the children in countries like China, India, Japan, etc. Additionally, the growing usage of smartphones, tablets, and laptops for playing video games is yet another driving factor for the market growth in the Asia-Pacific region by 2030.
According to the report published by Research Dive, the global anti-blue ray myopia lenses market is projected to register a revenue of $5,361.10 million and grow at 7.6% CAGR during the 2022-2030 forecast period. Some prominent anti-blue ray myopia lenses market players are Nikon, Shamir Optical Industry Ltd, HOYA Corporation, ZEISS, Chemiglas Corp., Mingyue Glasses Co., Ltd., RODENSTOCK GMBH, Shanghai Conant Optics Co., Ltd., Essilor, Seiko, among others.
Covid-19 Impact on the Market
The global anti-blue ray myopia lenses market has witnessed a tremendous growth rate during the covid-19 pandemic, unlike most industries, mainly due to strict lockdowns and mobility restrictions that forced people across the world to spend most of their time on their digital screens like smartphones, laptops, and televisions. This caused high exposure to blue light for extended hours that negatively affected people’s eye health, thus resulting in surging demand for anti-blue ray myopic lenses. Moreover, the increased screen time also caused severe health issues like migraine, dryness, eyestrain, macular degeneration, etc. among people of all age groups. These factors uplifted the market growth amid the pandemic stress.
Significant Market Development
Some prominent organizations operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the anti-blue ray myopia lenses market to flourish during the 2021-2030 analysis period. For instance:
- In February 2021, ZEISS, a German optical brand, announced the launch of its ZEISS Blue Guard product line. The product comes with blue-light blocking lenses that can shield up to 40% of harmful blue rays, and also offers better clarity and rigidness as compared to other lenses available in the market. The product is incorporated with the latest organic-chemical technology to effectively block out blue-light.
- In August 2022, Essilor, world’s leading ophthalmic optics company, announced its partnership with Myopia Profile, an Australian-based multi-platform digital suite for myopia management, to raise public awareness about myopia among children and encourage parents about their kids’ vision testing. This strategic partnership also aims to discover innovative solutions about reducing the progression of myopia without conventional contact lenses and glasses.
- In August 2020, Titan Eyeplus, a leading eyewear manufacturer, announced the launch of its new anti-reflective, blue filter coating, and anti-fogging lenses to address the irritating issue of constant fogging on the lens while wearing mask and protect the eyes from hazardous blue rays. This strategic product launch also aimed to strengthen the company’s footprint in the competitive market and boost its revenue during the covid-19 pandemic.