Photochromic lenses are lenses that change their color when exposed to sunlight. These lenses were invented to improve ocular health of patients as they block excess UV rays when exposed to sun but function as a normal spectacle while indoors. UV light activates the lens technology to transform the lenses from clear to dark, and a range of tint in-between. The lenses are fully clear indoors and at night, and when UV activated block 100% of UVA and UVB rays.
The photochromic lenses industry is high concentration, the key brand in USA include Essilor (Transitions Optical), Carl Zeiss, Vision Ease, Rodenstoc, Corning, Hoya Vision,etc. Essilor (Transitions Optical) possesses monopoly power in the relevant market. Transitions’ share of the relevant market has been at least 80 percent during each of the past five years. In 2016, Transitions’ market share was over 83 percent.
Significant and lasting barriers make entry into the photochromic lenses market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv)regulatory requirement; and (v) Transitions’ unfair methods of competition.
There are no close substitutes for photochromic lenses, and no other product significantly constrains the prices of photochromic lenses. Photochromic lenses have characteristics and uses distinct from those of clear corrective ophthalmic lenses, polarized lenses (which are designed to remove glare), or fixed-tint lenses (e.g., prescription sunglasses).
According to this study, over the next five years the Photochromic Lenses market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Photochromic Lenses business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Photochromic Lenses market by product type, application, key manufacturers and key regions and countries.
This study considers the Photochromic Lenses value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Glass
Standard Plastic (1.53 Coat and Uncoat)
Mid-Index Plastic (1.53 to 1.65)
High-Index Plastic (Above 1.65)
Polycarbonate
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Children
Outdoor Activities
People with Light Sensitivity
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Essilor (Transitions Optical)
Carl Zeiss
Vision Ease
Rodenstoc
Corning
Hoya Vision
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Photochromic Lenses consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Photochromic Lenses market by identifying its various subsegments.
Focuses on the key global Photochromic Lenses manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Photochromic Lenses with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Photochromic Lenses submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Photochromic Lenses . Industry analysis & Market Report on Photochromic Lenses is a syndicated market report, published as Global Photochromic Lenses Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Photochromic Lenses market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.