India Optical Lenses Market (2024-2030) | Outlook, Companies, Value, Forecast, Revenue, Trends, Growth, Industry, Analysis, Size & Share

Market Forecast By Type (Converging, Diverging), By Application (Microscopy, Laser Processing, Imaging, Ophthalmic), By Vertical (Healthcare, Life Sciences, Defense, Manufacturing, Consumer Electronics, Others) And Competitive Landscape
Product Code: ETC049924 Publication Date: Aug 2023 Updated Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Optical Lenses Market Shipment Analysis

India Optical Lenses Market registered a decline of -12.16% in value shipments in 2022 as compared to 2021 and an increase of 21.08% CAGR in 2022 over a period of 2017. In Optical Lenses Market India is becoming more competitive as the HHI index in 2022 was 1603 while in 2017 it was 1992. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Optical Lenses Market.

India Optical Lenses Market Competition 2023


India Export Potential Assessment For Optical Lenses Market (Values in Thousand)


India Optical Lenses Market Synopsis

The Optical Lenses market in India is expected to register a CAGR of 8.5% over the forecast period (2020-2026). The growth of optical lenses in India is mainly due to the increasing eye care awareness, rising geriatric population coupled with increasing disposable income and growing demand for cosmetic lens among youngsters. Additionally, technological advancements such as single vision aspheric lenses have further driven the sales of optical lenses market across the globe including India. Furthermore, rapid urbanization has also led to an increase in lifestyle-related diseases that are associated with eyes leading to higher demand for corrective eyewear solutions that use optical lenses. Moreover, government initiatives and policies have improved access to basic eye care facilities at lower cost which has contributed significantly towards increased adoption rate of corrective glasses using optical lenses .

Drivers of the Market:

Increasing Eye Care Awareness: Rising awareness about eye related health issues and need for regular checkups has propelled growth in usage of optical leneses for correcting common refractive errors such as myopia or hypermetropia which include short & far sightedness. This factor coupled with availability of comprehensive range optials leneses from various brands have resulted into substantial rise in demand for these products across all age groups thereby driving overall revenue generation within this sector during forecast period 2020 - 2026 . Rapid Urbanisation : With increasing development activities , there exists large untapped potential within rural areas which has resulted into gradual shift towards urbanization among individuals thus resulting into high prevalence rate related ocular problems like astigmatism , cataract amongst others .This factor alongwith expansion strategy adopted by several MNCs providing affordable spectacles frames having customized optics lense support systems has led to surge int he usage rates thereby facilitating steady growth prospects within this industry segment ovr teh fcast period.

Challenges of the Market:

High Cost Associated With Advanced Optics Lens Technologies : The advanced technologies used while manufacturing premium quality optics lens involves significant investment on part fo producers thus resulting into their high pricing structure making it unaffordable particularly among low income consumers located at rural regions where majority population lies below poverty line strata .This cost constraint acts one major restraint tht curtails its extensive adoptability restricting signifcant share od revenue generated during the fcast peiod 2o2q - 2026

Key Players of the Market:

Some prominent players operatingin Indian opticslens market include Essilor International SA

Key Highlights of the Report:

  • India Optical Lenses Market Outlook
  • Market Size of India Optical Lenses Market, 2023
  • Forecast of India Optical Lenses Market, 2030
  • Historical Data and Forecast of India Optical Lenses Revenues & Volume for the Period 2020-2030
  • India Optical Lenses Market Trend Evolution
  • India Optical Lenses Market Drivers and Challenges
  • India Optical Lenses Price Trends
  • India Optical Lenses Porter's Five Forces
  • India Optical Lenses Industry Life Cycle
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Converging for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Diverging for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Microscopy for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Laser Processing for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Imaging for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Ophthalmic for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Vertical for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Healthcare for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Life Sciences for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Defense for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Manufacturing for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Consumer Electronics for the Period 2020-2030
  • Historical Data and Forecast of India Optical Lenses Market Revenues & Volume By Others for the Period 2020-2030
  • India Optical Lenses Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Vertical
  • India Optical Lenses Top Companies Market Share
  • India Optical Lenses Competitive Benchmarking By Technical and Operational Parameters
  • India Optical Lenses Company Profiles
  • India Optical Lenses Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Optical Lenses Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Optical Lenses Market Revenues & Volume, 2020 & 2030F

3.3 India Optical Lenses Market - Industry Life Cycle

3.4 India Optical Lenses Market - Porter's Five Forces

3.5 India Optical Lenses Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 India Optical Lenses Market Revenues & Volume Share, By Application, 2020 & 2030F

3.7 India Optical Lenses Market Revenues & Volume Share, By Vertical, 2020 & 2030F

4 India Optical Lenses Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Optical Lenses Market Trends

6 India Optical Lenses Market, By Types

6.1 India Optical Lenses Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Optical Lenses Market Revenues & Volume, By Type, 2020-2030F

6.1.3 India Optical Lenses Market Revenues & Volume, By Converging, 2020-2030F

6.1.4 India Optical Lenses Market Revenues & Volume, By Diverging, 2020-2030F

6.2 India Optical Lenses Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Optical Lenses Market Revenues & Volume, By Microscopy, 2020-2030F

6.2.3 India Optical Lenses Market Revenues & Volume, By Laser Processing, 2020-2030F

6.2.4 India Optical Lenses Market Revenues & Volume, By Imaging, 2020-2030F

6.2.5 India Optical Lenses Market Revenues & Volume, By Ophthalmic, 2020-2030F

6.3 India Optical Lenses Market, By Vertical

6.3.1 Overview and Analysis

6.3.2 India Optical Lenses Market Revenues & Volume, By Healthcare, 2020-2030F

6.3.3 India Optical Lenses Market Revenues & Volume, By Life Sciences, 2020-2030F

6.3.4 India Optical Lenses Market Revenues & Volume, By Defense, 2020-2030F

6.3.5 India Optical Lenses Market Revenues & Volume, By Manufacturing, 2020-2030F

6.3.6 India Optical Lenses Market Revenues & Volume, By Consumer Electronics, 2020-2030F

6.3.7 India Optical Lenses Market Revenues & Volume, By Others, 2020-2030F

7 India Optical Lenses Market Import-Export Trade Statistics

7.1 India Optical Lenses Market Export to Major Countries

7.2 India Optical Lenses Market Imports from Major Countries

8 India Optical Lenses Market Key Performance Indicators

9 India Optical Lenses Market - Opportunity Assessment

9.1 India Optical Lenses Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 India Optical Lenses Market Opportunity Assessment, By Application, 2020 & 2030F

9.3 India Optical Lenses Market Opportunity Assessment, By Vertical, 2020 & 2030F

10 India Optical Lenses Market - Competitive Landscape

10.1 India Optical Lenses Market Revenue Share, By Companies, 2023

10.2 India Optical Lenses Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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