Anti-blue Ray Myopia Lenses Market Report
Anti-blue Ray Myopia Lenses Market by Type (Single, Bifocal, Trifocal, and Others), Distribution Channel (Software and Services), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027
Global Anti-Blue Ray Myopia Lenses Market Analysis
The global anti-blue ray myopia lenses market is predicted to garner $21,46,138.5 thousand in the 2020–2027 timeframe, growing from $13,46,614.5 thousand in 2019 at a healthy CAGR of 6.1%.
Strategic alliances among market players, along with growing digitization, is expected to accelerate the growth of the anti-blue ray myopia lenses market.
However, anti-blue ray lenses are found to turn yellow over the time due to certain chemicals used in the manufacturing of the lenses, which is a growth-restricting factor for the market.
According to the regional analysis, the Asia-Pacific anti-blue ray myopia lenses market is anticipated to grow during the review period due to increasing consciousness of consumers about effects of blue lights on eye health.
Anti-blue Ray Myopia Lenses Overview
Anti-blue ray myopia lenses are used to block the harmful blue lights emitted from digital devices such as smart phones, laptops, LEDs, television, and other similar devices. Blue lights affect the eye health and result in diseases such as blurry vision, dry eye, eyestrain, age-related macular degeneration, and cataract. Therefore, anti-blue ray myopia lenses are used to protect the eyes of myopia patients from harmful blue rays.
Impact Analysis of COVID-19 on the Global Anti-blue Ray Myopia Lenses Market
Though the novel coronavirus pandemic had a devastating effect on several industries, the anti-blue ray myopia lenses market experienced a significant growth during this period. Most people spent more time on their digital screens, laptops, and smart phones during the lockdown imposed by the government to restrict the spread of the coronavirus disease. People were subjected to blue light for a longer period of time, thus affecting the eye health of most of them, and therefore the demand for anti-blue ray lenses increased. Also, people have been facing issues such as eye strain and dryness due to excessive contact of blue lights due to increased screen time during the pandemic. Therefore, the importance of good eye health has skyrocketed, thus driving the growth of the market.
In addition to this, several companies are helping the society to recover from the chaotic situation with their strategic plans and steps. For instance, in January 2021, ZENNI OPTICAL, an optical retail company, announced that the sales of blue-light blocking lenses have raised up to 60% annually comparative to last two years, with a sale of 2 million pairs of blue-light blocking lenses in 2020. The above-stated factors show that the pandemic may generate substantial investment opportunities in the market in the coming years.
Increasing Prevalence of Computer Vision Syndrome (CVS) to surge the Market Growth
The global anti-blue ray myopia lenses industry is witnessing a massive growth mainly due to increase in the usage of digital screens and mobile phones. The increased exposure towards digital screens causes eye diseases such as computer vision syndrome (CVS). The main symptoms of computer vision syndrome (CVS) are eyestrain, headaches, blurry vision, dryness in eyes, and neck & shoulder pain. Moreover, growing penetration of online learnings has further resulted in children developing CVS, thereby driving the adoption of anti-blue ray glasses.
The emergence of eye related issues with blue lights are already leading market players to innovate strategies to protect eyes. For example, in May 2018, Essilor, an international company of ophthalmic optics in France, announced that they have launched essential blue series brand of blue light filtering lenses. These lenses provide protection from harmful blue lights and clarity in a single lens. These types of initiatives from market leaders are also predicted to drive the growth of the market.
To know more about global anti-blue ray myopia lenses market drivers, get in touch with our analysts here.
Higher Cost of Anti-blue Ray Lenses to Restrain the Market Growth
The anti-blue ray myopia lenses are costlier compared to normal myopia lenses. This factor is expected to restrain the growth of the global market during the forecast period. The average cost of normal myopia lenses is USD 8 and when it comes to anti-blue ray myopia lenses it is averaged at USD 17. Therefore, higher cost may create a negative impact on the growth of the market during the forecast period.
Growing Fashion Trends in the Market to Create Massive Investment Opportunities
The global anti-blue ray myopia lenses market is growing at a very fast pace due to rising living standards of people encouraging them to buy best quality products for their eye protection. People across the globe are opting for designer and trendy glasses according to current trends in the market. Moreover, growing trends of virtual try-ons on eyewear websites is expected to boost the growth of the market globally. The virtual try-ons help customers to select glasses from their homes according to their preferences, likes, and needs. Therefore, increasing fashion consciousness and living standards are major growth accelerating factors of the anti-blue ray myopia lenses, thereby positively affecting the market growth.
Furthermore, according to a research in investigative ophthalmology and visual science journal in 2019, 32% of the world’s population is affected by myopia (eye condition in which people cannot see far away objects clearly) and it is predicted to reach up to 60% by 2050. Increasing number of people affected by myopia is expected to raise the adoption of anti-blue ray myopia lenses, which may further lead to lucrative market opportunities for key players in the upcoming years.
To know more about global anti-blue ray myopia lenses market opportunities, get in touch with our analysts here.
Global Anti-blue Ray Myopia Lenses Market, by Type
Based on type, the market has been divided into single, bifocal, trifocal, and others sub-segments of which the single focal sub-segment is projected to generate the maximum revenue as well as show the fastest growth.
Source: Research Dive Analysis
The single type sub-segment is predicted to have a dominating as well as fastest growing market share in the global market. The sub-segment is expected to register a revenue of $10,33,763 thousand during the forecast period. Single focal lenses are mostly used by people with age below 40 years, for the correction of nearsightedness and farsightedness. Also, this type of lens is the most affordable for a major chunk of population. Moreover, key players operating in the market are adopting strategic collaborations to offer best type of anti-blue ray lenses to customers. For instance, Essilor in January 2019, announced the launch of a new single vision prescription lens named Eyezen; it has advanced blue blocking light filter, with finely tuned surface to offer sharp vision and it is designed in such a way that it deflects harmful blue lights and allows beneficial blue light to pass through the lens. These factors and strategic alliances by key companies may bolster the growth of segment during the forecast period.
Global Anti-blue Ray Myopia Lenses Market, by Distribution Channel
On the basis of distribution channel, the market has been sub-segmented into retail stores, hospitals & clinics, and e-commerce. Among the mentioned sub-segments, the retail stores sub-segment is predicted to show the fastest growth as well as garner a dominant market share.
Source: Research Dive Analysis
The retail stores sub-segment of the global anti-blue ray myopia lenses market is projected to have the fastest growth as well as a dominant share. It is also projected to surpass $12,20,505.6 thousand by 2027, with an increase from $7,34,400.9 thousand in 2019. This growth in the market can be attributed to rising number of people preferring retail stores such as independent store, wholesalers and brand chains. This is because retail stores offer wide varieties of lenses from normal brands to premium brands, which is predicted to be one of the factors to influence the customers to buy glasses or lenses from retail stores. Moreover, many of the retail stores offer low-cost or free routine check-ups from trained optometrists. All such elements may increase the demand for retail stores and further surge the market growth.
Global Anti-blue Ray Myopia Lenses Market, Regional Insights:
The anti-blue ray myopia lenses market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The Market for Anti-blue Ray Myopia Lenses in North America to be the Most Dominant
The North America anti-blue ray myopia lenses market accounted $3,68,972.4 thousand in 2019 and is projected to register a revenue of $6,45,987.7 thousand by 2027. The extensive growth of the North America anti-blue ray myopia lenses market is mainly driven by higher disposable incomes with existence of top leading brands augmenting the industry growth in the region. Moreover, the strong presence of leading anti-blue ray myopia lenses providers and manufacturers that offer trending luxurious glasses and specs is fueling the market growth across the globe. These factors will ultimately drive the demand in the anti-blue ray myopia lenses market across the region.
The Market for Anti-blue Ray Myopia Lenses in Asia-Pacific to be the Fastest Growing
The share of Asia-Pacific anti-blue ray myopia lenses market is anticipated to grow at a CAGR of 5.2% by registering a revenue of $6,33,110.9 thousand by 2027. The growth shall be a result of increasing number of children suffering from myopia in Asian countries such as China, India and Japan, due to increased screen time on mobile phones studying or playing video games. According to NCBI (National Center for Biotechnology Information) review report, in May 2020, myopia has been rapidly rising among children in Southeast Asian and East regions from the last 60 years due to educational pressure on school children. Such studies showcase that the demand for anti-blue ray myopia lenses will exponentially increase which will eventually foster the Asia-Pacific anti-blue ray myopia lenses market, in the upcoming years.
Competitive Scenario in the Global Anti-Blue Ray Myopia Lenses Market
Product launches and mergers & acquisitions are common strategies followed by major market players.
Source: Research Dive Analysis
Some of the leading anti-blue ray myopia lenses market players are Essilor, HOYA GROUP, RODENSTOCK GMBH, ZEISS, Seiko, Chemiglas Corp., Nikon, Shamir Optical Industry Ltd, Mingyue Glasses Co., Ltd., and Shanghai Conant Optics Co., Ltd.
Porter’s Five Forces Analysis for the Global Anti-Blue Ray Myopia Lenses Market:
- Bargaining Power of Suppliers: The service suppliers of anti-blue ray myopia lenses market are high in number and are larger and more globalized. So, there will be less threat from the suppliers.
Thus, the bargaining power of suppliers is low.
- Bargaining Power of Buyers: Buyers demand effective anti-blue ray glasses that can protect their eyes at low prices. This has increased the pressure on the anti-blue ray myopia lenses providers to offer the best glasses in a cost-effective way. Thus, many suppliers are offering best yet cost –effective anti-blue ray myopia lenses. This gives the buyers the option to freely choose glasses that best fits their preference.
Thus, the bargaining power of the buyers is high.
- Threat of New Entrants: Companies entering the anti-blue ray myopia lenses market are adopting various innovations such as developing anti-blue lenses that changes color according to the situation such as indoor and outdoor activities.
Thus, the threat of the new entrants is moderate.
- Threat of Substitutes: There are different types of lenses available for treating myopia, but they do not offer the blockage of blue lights as anti-blue ray myopia lenses.
Thus, the threat of substitutes is low.
- Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including Essilor, HOYA GROUP and Zeiss. These companies are launching their value-added services in the international market and strengthening the footprint worldwide.
Therefore, competitive rivalry in the market is high.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Type
Segmentation by Distribution Channel
Key Companies Profiled
Q1. What is the size of the global anti-blue ray myopia lenses market?
A. The size of the global anti-blue ray myopia lenses market was over $13,46,614.5 thousand in 2019 and is projected to reach $21,46,138.5 thousand by 2027.
Q2. Which are the major companies in the anti-blue ray myopia lenses market?
A. Essilor, HOYA GROUP, and Zeiss are some of the key players in the global anti-blue ray myopia lenses market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific anti-blue ray myopia lenses market?
A. Asia Pacific anti-blue ray myopia lenses market is anticipated to grow at 5.2% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Technological development and strategic partnerships are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Essilor and HOYA GROUP are investing more on R&D activities for developing new products and technologies.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
2.2.By type trends
2.3.By distribution channel trends
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.8.2.by distribution channel type
3.9.Market value chain analysis
3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.4.Distribution channel analysis
188.8.131.52.Raw material suppliers
4.Anti-Blue Ray Myopia Lenses Market, by Type
4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019 & 2027
4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019 & 2027
4.3.1.Market size and forecast, by region, 2019-2027
4.3.2.Comparative market share analysis, 2019 & 2027
4.4.1.Market size and forecast, by region, 2019-2027
4.4.2.Comparative market share analysis, 2019 & 2027
5.Anti-Blue Ray Myopia Lenses Market, by distribution channel
5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019 & 2027
5.2.Hospitals & clinics
5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019 & 2027
5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019 & 2027
6.Anti-Blue Ray Myopia Lenses Market, by Region
6.1.1.Market size and forecast, by type, 2019-2027
6.1.2.Market size and forecast, by Distribution Channel , 2019-2027
6.1.3.Market size and forecast, by country, 2019-2027
6.1.4.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.2.1.Market size and forecast, by Type, 2019-2027
6.2.2.Market size and forecast, by Distribution Channel , 2019-2027
6.2.3.Market size and forecast, by country, 2019-2027
6.2.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
6.2.10.Rest of Europe
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.3.1.Market size and forecast, by Type, 2019-2027
6.3.2.Market size and forecast, by Distribution Channel , 2019-2027
6.3.3.Market size and forecast, by country, 2019-2027
6.3.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
6.3.8.Rest of Asia Pacific
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.4.1.Market size and forecast, by Type, 2019-2027
6.4.2.Market size and forecast, by Distribution Channel , 2019-2027
6.4.3.Market size and forecast, by country, 2019-2027
6.4.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Distribution Channel , 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Distribution Channel , 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
7.1.4.Recent strategic moves & developments
7.2.4.Recent strategic moves & developments
7.3.4.Recent strategic moves & developments
7.4.4.Recent strategic moves & developments
7.5.4.Recent strategic moves & developments
7.6.4.Recent strategic moves & developments
7.7.4.Recent strategic moves & developments
7.8.Shamir Optical Industry Ltd
7.8.4.Recent strategic moves & developments
7.9.Mingyue Glasses Co., Ltd.
7.9.4.Recent strategic moves & developments
7.10.Shanghai Conant Optics Co., Ltd
7.10.4.Recent strategic moves & developments
Anti-blue ray myopia lenses, also known as blue-screen or blue-light glasses, limit the exposure of eyes to blue light. These lenses may consist of non-glare protection as well. Moreover, blue light is reflected from tablets, cell phones, computers, the sun, and some light bulbs. Apart from this, the blue wavelength is considered to damage the retina of the eyes that results in vision impairment. Blue light is a part of the visible light spectrum and has the shortest wavelength (400 to 500 nanometers). The eyes aren’t capable of blocking blue light, thus it reaches the retina easily. Beyond this, the benefits of using anti-blue ray myopia lenses are reduction in eye strain, decrease in AMD (Age-Related Macular Degeneration) that causes blindness, and assurance of healthy sleep patterns. Furthermore, anti-blue ray myopia lenses are utilized to protect myopia patients from blue rays.
Forecast Analysis of Anti-Blue Ray Myopia Lenses Market
The global anti-blue ray myopia lenses market is anticipated to enhance in the coming years due to the rise in the usage of smartphones and digital screens. For instance, a report published on statista.com stated that the number of smartphone users increased worldwide from 2016 to 2021. Further, the report mentioned that in 2021 there are 3.8 billion smartphone users as compared to 1.06 billion in 2012 and this number is likely to increase by several hundred million in the next few years. Also, China, United States, and India are countries with the highest number of smartphone users and each country surpasses 100 million users.
Apart from this, digital screen exposure is the leading cause of computer vision syndrome (CVS) that damages the eyes. Also, the growth of online learning is estimated to develop CVS in children, therefore these aspects are driving the market growth in the forthcoming years. For instance, an article published in the economic times stated that the Covid-19 pandemic augmented the use of laptops and smartphones by 75%. Further, work from home culture and online classes are major reasons for causing CVS in people. Apart from this, according to a report published on Research Dive, the global anti-blue ray myopia lenses market is anticipated to garner a revenue of $21, 46,138.5 thousand during the 2020-2027 timeframe.
Recent Developments in the Market
The well-known players of the global anti-blue rays myopia lenses market are aiming for unique strategies such as mergers & acquisitions, new product announcements, building product portfolios, investments in research & development, and fundraising for forthcoming projects. These tactics are promoting the growth of businesses in the global market. For instance, in October 2020, Xiaomi, an electronics company based in China, announced the launch of the MIJIA anti-blue ray glasses. These glasses are equipped with high-definition nylon lenses with an 80% capacity of blocking the blue light.
Another launch took place in June 2020 in which, JINS Eyewear, a Japanese eyewear brand, introduced three different types of blue-light blocking lenses – JINS Screen, JINS Screen pro, and JINS Screen night. All of these lenses are designed to cater to individual needs and alleviate eye strain due to digital device usage. Furthermore, in September 2018, TITAN Eyeplus, an optical retail brand of India, revealed a blue tech lens that reduces the harmful effects of extended usage of LED screens.
Covid-19 Impact on the Market
The global anti-blue ray myopia lenses market enhanced significantly during the lockdown period due to the Covid-19 pandemic as people invested more time on smartphones, laptops, and digital screens. Spending time on digital gadgets exposed people to the blue light for a longer duration, thus affecting eyes, and this factor augmented the demand for anti-blue ray lenses. For instance, a news article published on thehindu.com stated that the number of eye-related diseases surged during the Covid-19 pandemic due to people’s hesitation to visit hospitals for a regular checkup. Also, the number jumped to 50% in the last quarter of 2020 as compared to 10% in 2019 and most of the people were suffering from advanced cataracts during this period.
Future Scope of the Market
People tend to opt for fashionable eyewear that goes with their face and dressing style. Standard of living has increased, thus people tend to buy best quality products. Moreover, digital usage is likely to enhance in the upcoming years and this may cause eye-related disorders as well. These factors are predicted to boost in the forthcoming years, thus resulting in the growth of the anti-blue ray myopia lenses market.