Optical Lens Edger Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Optical Lens Edger market is segmented by Type (Manual Optical Lens Edger, Automatic Optical Lens Edger, Semi-automatic Optical Lens Edger), by Application and by Geography.

Market Snapshot

Optical Lens Edger Market CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.6 %

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Market Overview

The Optical Lens Edger market is projected to grow with a CAGR of nearly 5.6% over the forecast period. The major factor attributing to the growth of the market is the rising prevalence of vision impairment and the increasing geriatric population. Furthermore, the growing demand for optical edgers by Opthalmology and camera industries is another major factor for market growth. According to the World Health Organization, at least 2.2 billion people have a vision impairment or blindness globally, of whom at least 1 billion have a vision impairment that can be prevented. A rising patient pool increases the usage of lenses and thus boosting the market growth. However, the increasing use of contact lens and the declining research and development programs for product development are the major drawbacks for the market growth.

Scope of the Report

As per the scope of the report, optical lens edger is part of the optical manufacturing apparatus that edges, cuts, or grinds optical lenses so that they can fit into the selected frame. This report on the Optical Lens Edger Market is segmented by Type, by Application, and by Geography.

By Type
Manual Optical Lens Edger
Automatic Optical Lens Edger
Semi-automatic Optical Lens Edger
By Application
Eyeglass Lens
Microscope Lens
Camera Lens
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Automatic Optical Lens Edger segment to dominate the optical lens edger market globally

The design and construction of optical lens edging machines are pretty increasingly simplified, as greater efficiency is reached through automation in their operations. This permits less manual interference, making the edging process speedy. The machines include an incorporated 3-D drilling unit with the regulator by a 5-axis mechanism. This type of unit offers high-quality beveling and grooving performance to deliver a striking edge surface.

The major driving factors that boost the market growth of the segment are the increasing vision impairment patient pool and increasing demand of the edgers in photography and Opthalmology industries.

Optical Lens Edger Market

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall optical lens edger market, throughout the forecast period. The largest share is mainly due to the presence of a larger patient pool and increases in a geriatric population. Furthermore, well-established insurance policies and the availability of advanced healthcare infrastructure are few of the other factors boosting the market in this region. In the North America region, the United States holds the largest market share due to the factors such as the increasing number of geriatric populations, along with a growing number of patient pool in the country. According to the National Federation of the Blind, 7,675,600 people in the United States are vision impaired. According to the statistics, a large number of patients boost the market in this region.

Surgical Snare Market

Competitive Landscape

The Optical Lens Edger market is fragmented and consists of a large number of small scale players. However, the large layers of the industry are vertically integrated. Some of the companies which are currently dominating the market are Essilor International S.A., Topcon Corporation, NIDEK CO., LTD., Coburn Technologies Inc., Huvitz Corp., Mei Srl, Santinelli International, and Shanghai Supore Instruments Co. Ltd.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing demand for optical edgers by opthalmology and camera industries

      2. 4.2.2 High prevalence of patients with vision impairment

      3. 4.2.3 Increasing geratric population

    3. 4.3 Market Restraints

      1. 4.3.1 Declining rate of product improvement

      2. 4.3.2 Increasing use of contact lens

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Manual Optical Lens Edger

      2. 5.1.2 Automatic Optical Lens Edger

      3. 5.1.3 Semi-automatic Optical Lens Edger

    2. 5.2 By Application

      1. 5.2.1 Eyeglass Lens

      2. 5.2.2 Microscope Lens

      3. 5.2.3 Camera Lens

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Essilor International S.A

      2. 6.1.2 Topcon Corporation

      3. 6.1.3 NIDEK CO., LTD

      4. 6.1.4 Coburn Technologies Inc

      5. 6.1.5 Huvitz Corp

      6. 6.1.6 Mei Srl

      7. 6.1.7 Santinelli International,

      8. 6.1.8 Shanghai Supore Instruments Co. Ltd.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Optical Lens Edger Market market is studied from 2018 - 2026.

The Optical Lens Edger Market is growing at a CAGR of 5.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Essilor International S.A, Topcon Corporation, NIDEK CO., LTD, Coburn Technologies Inc, Huvitz Corp are the major companies operating in Optical Lens Edger Market.

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