Global Optical Lens Edger Market to Gain Momentum; No-Block Version of EZFIT Launched by MEI System to Positively Impact Growth Witnessed: Fortune Business Insights

(The Express Wire via Comtex)

Growing prevalence of diabetes will favor the global optical lens edger market growth between 2019 and 2026. According to projections made by the International Diabetes Federation, in 2017, around 425 million adults were affected by diabetes and by 2045, this number will rise to 629 million. The WHO states that diabetes is the leading cause of eye-related disorders such as diabetic retinopathy, which progressively damages the patient’s retinal blood vessels. The Centers for Disease Control and Prevention (CDC) that more than 4 million Americans have diabetic retinopathy and about 40% of them are in danger of losing their eyesight. Increasing incidence rate of diabetes and related diseases will spike the demand for optical lens edger, expanding the global optical lens edger market size.

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Key Players Operating in The Optical Lens Edger Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Coburn Technologies, Inc.
  • Dia Optical Co.
  • Nidek Co Ltd.
  • Essilor
  • MEI System
  • Topcon Corporation
  • Luneau Technology Group
  • INNOVA Medical

Unprecedented Rise in Incidence of Eye-related Disorders to Boost the Market

According to a joint study conducted by the Northern Illinois University and Bradley University in 2017, age-induced eye disorders such as macular degeneration, glaucoma, and cataract in adults above 40 years have risen by 25% since 2000 in the U.S. Furthermore, there has been an exponential rise of 89% of diabetic retinopathy in adults. Additionally, the Brien Holden Vision Institute Foundation estimates that by 2050, myopia will affect around 5 billion globally. A corresponding rise in demand for spectacles and lenses can be expected, signalling good news for the global optical lens edger market size which is set for steady expansion in the forecast period.

However, a key factor restraining the growth of the global optical lens edger market is the high cost of equipment.

Highlights of the Report:

  • In-depth analysis of various insights, namely, Optical Lens Edger Market trends, growth drivers, opportunities, and other related challenges.
  • Comprehensive details of key market players, their core competencies, and Optical Lens Edger Market share.
  • The potency of suppliers and buyers to make better business decisions.
  • Lists out the market size in terms of volume.

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Asia Pacific and Latin America to Emerge as Promising Regions; North America to Dominate

Latin America and Asia Pacific are anticipated to present the highly lucrative sales opportunities in the global optical lens edger market. This is mainly a result of widespread eye-related disorders in the two continents along with increasing prevalence of myopia that will boost the demand for lenses and spectacles. North America, however, is expected to hold a dominant portion of the global optical lens edger share during the forecast period owing to fast-growing adoption rate of spectacles and lenses. In Europe, the market for optical lens edger is expected to get an upward thrust with the growing prevalence eye disorders and diseases in the region.

Optical Lens Edger Market Segmentation:

By Product

  • Manual Optical Lens Edger
  • Automatic Optical Lens Edger
  • Semi-Automatic Lens Edger

By Application

  • Eyeglass lens
  • Camera lens
  • Microscope lens
  • Others

By End User

  • Hospitals
  • Eye Health Center
  • Research Institutes
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

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Report Focus:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Optical Lens Edger Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

Reasons to Purchase this Report:

  • Comprehensive analysis of the Optical Lens Edger Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Optical Lens Edger Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Global Optical Lens Edger Market to Gain Momentum; No-Block Version of EZFIT Launched by MEI System to Positively Impact Growth Witnessed: Fortune Business Insights

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