The increasing need for sunglasses, awareness among people about refractive errors and the augmented use of electronic devices has led to the growth of glass lens market. Various available glass lenses are single vision glass lens, and bifocal glass lenses. Improved medicines, increasing acute to chronic diseases and the need to increase the life expectancy of the elderly population is driving the demand for bifocal glass lenses. According to the statistics, population aged 65 and above are increasing every year and vision loss is the major issue. It was observed that there is a risk of visual impairment owing to aging processes and chronic eye diseases such as cataract, dry eye, glaucoma and others. This situation is expected to drive the bifocal glass lens market.
With the rising digital literacy, online retailing, increasing spend on online shopping, availability of wide range of products, and highly competitive prices is bolstering the bifocal lenses market in Asia. Bifocals lenses are eyeglasses with two distinct optical powers commonly prescribed to people with presbyopia who need correction for myopia, hyperopia and astigmatism. It was observed that there is an ongoing research in an attempt to eliminate the limited field of vision in current bifocal lenses. New materials and technologies are used in manufacturing advanced optical power of lenses.
According to the study “Asia Bifocal Lenses Industry Situation and Prospects Research report”, separation type and gluing type are the two types of bifocal lenses available in the Asian markets. These bifocal lenses are used in hospitals, optical shops and other applications in Asia. Geographically, Asian bifocal lenses industry is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading players in Asian bifocal lenses industry are Essilorr, Zeiss, Hoya, Kodak, Rodenstock, MingYue, Conant, Chemi, Nikon and Hongchen Optical. All the leading vendors in Asia’s bifocal lenses industry are increasingly focusing on creating strong brand names and offering well-established products that exhibit long-term reliability.
Evolution in electronics, internet penetration, improving economies and increasing disposable incomes are the key factors driving more number of people to use corrective spectacles. The prevalence of optical disorders is rising to new level, therefore, the need for therapeutic and corrective lenses is increasing drastically. The major hindrance in bifocal lenses is due to the increasing acceptance of other ophthalmology devices and corrective procedures like LASIK, Photorefractive Keratectomy (PRK) and other procedures.
Asia accounts for a largest share in the bifocal lenses market due to enhanced standard of living and demand for quality lenses. The increasing aged population and optical disorders is encouraging the market towards expansion in various sectors attracting huge recognition and the trend will continue over the next few years in Asian markets.
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