Eye clinics have seen a decrease in patient visits during pandemics

DUBLIN, November 5, 2021 / PRNewswire / – The report “Image Lens Market – Growth, Trends, Covid-19 Impact and Forecasts (2021 – 2026)” has been added to ResearchAndMarkets.com’s offer.

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The market for spectacle lenses was assessed for USD 45,395 million in 2020 and is expected to reach USD 61,124 million in 2026, which records a CAGR of 5.08% in the forecast period.

The contagious coronavirus has a potential economic impact and implications for most of the sectors, including the healthcare sector. Ophthalmology is also hard hit by COVID. Eye clinics have experienced a large decrease in both patient visits and procedures, and hospitals have experienced a significant loss in revenue.

Ophthalmology has experienced a decrease of about 30% in ordinary patients in the pandemic. According to the Centers for Disease Control and Prevention and the American Academy of Ophthalmology, there was an initial decline of nearly 80% in ophthalmological visits, and in mid-June there was a cumulative decline in ophthalmological visits of 40% in The United States.

In addition, In August 2020, i India, The Ministry of Health and Family Welfare proposed guidelines for safe ophthalmology practice in the COVID-19 scenario, such as eye treatment facilities should ensure that teleconsultation and teleconsultation should be encouraged to reduce patient visits and / or appointment system can be followed for calls to patients in need of examination / eye examination procedures.

With the growing awareness of vision impairments and available vision correction solutions, the demand for spectacle lenses is increasing, driving the growth of the market. The introduction of digital technologies, such as smartphones, laptops and computers, is constantly expanding as they become part of the world.

Due to the increased use of digital devices, many people suffer from digital eye strain, which includes redness, strained eyes and dryness, resulting in vision-related problems. For example, according to a cross-sectional study by Parul Ichhpujani et al., Published in the BMC Ophthalmology Journal 2019, 20% of students aged 11 years use digital devices daily compared to 50% of students aged 17 years.

In addition, one-third of study participants reported using digital devices to read instead of conventional textbooks. The study thus confirms that young people’s increased use of digital devices brings a new challenge with digital eye exposure at an early age, which is expected to increase the use of spectacle lenses, to improve vision and eye problems before long. According to the WHO, people currently have a high life expectancy. By 2050, the world’s population between the ages of 60 and over is expected to reach a total of 2 billion. As of 2018, 125 million people are aged 80 years or older. According to the same source, in 2050 it is estimated that almost 120 million people will live in China alone. The increase in the number of cases of eye diseases, such as cataracts and diabetic retinopathy, worldwide is helping market growth. Therefore, these factors are expected to drive market growth during the forecast period.

Important market trends

Prescription glass segment is expected to show the fastest growth rate during the forecast period

Prescription glasses refer to glasses whose lenses are made specifically to match the user’s vision defects. The purpose of prescription glasses is to correct or improve vision in people with nearsightedness (myopia), farsightedness (hyperopia), presbyopia and astigmatism. According to the World Health Organization (WHO), approximately 2.6 billion people worldwide will have myopia by 2020. This figure is expected to reach 3.3 billion in 2030. The increasing incidence of refractive errors in consumers due to myopia and presbyopia increases the demand for spectacle lenses on the market

With increasing awareness of vision impairments and available vision correction solutions, the demand for these devices is increasing. Even in developed regions of the world, the trend still seems to be increasing due to growing vision correction due to factors like the growing geriatric population. According to the Laser Eye Surgery Hub, the main causes of visual impairment globally in 2021 are unaddressed presbyopia, unaddressed refractive error, cataracts and others. There are about 2.2 billion people living with some form of visual impairment. About 237 million people will live with moderate or severe distance vision at a distance in 2020. The increasing burden of eye disorders will drive growth in the market studied.

North America conquered the largest market share and it is expected to maintain its dominance

North America expected to dominate the market. The United States (USA) and Canada has developed and well-structured health systems. As a result, these countries enjoy the presence of many global market players.

According to the Vision Council of America, in 2018 there were about 194.1 million adult vision correction users in The United Statesand about 164 million adults in The United States used glasses. Moreover, due to the constant increase in the elderly population in The United States, as well as a shift towards the use of vision correction among important demographic groups, an absolute increase in the use rates for most types of glasses in the country has been observed. A number of companies based in the country have played major roles in the market for spectacle lenses. In 2018, Prive Revaux, the affordable celebrity eyewear brand, has announced that it will expand its offerings to include prescription glasses. Therefore, all the aforementioned factors are expected to drive the growth of the spectacle lens market forward.

Competitive landscape

The market for spectacle lenses is highly competitive and consists of several major players. In terms of market share, few of these major players currently dominate the market. The presence of major market players such as Carl Zeiss Meditec AG, Essilor International SA, Hoya Vision Care Company, Vision Ease and Seiko Optical Products Co. Ltd., increases the overall competitive rivalry in the market. The major players’ product advances and improvements in the spectacle lens market are increasing competitive rivalry.

Mentioned companies

For more information on this report, visit https://www.researchandmarkets.com/r/11q6tt

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