Increase in the use of digital cameras leads to higher demand for Optical Lens Edger; Global Sales are Expected to Grow at a CAGR of 6.7% by 2032 | insightSLICE
The global Optical Lens Edger market size was estimated to be US$ 403 million in 2021 and is expected grow at a CAGR of 6.7% between 2023 to 2032.
Optical Lens Edging devices let optometrists mould optical lenses to fit the frame of spectacles or make suitable camera lenses. They are employed to shape and grind the lens into various shapes and sizes.
Tools like blocker, tracer, and lensometer are used to control the lens’s height, location, and strength. For edge glasses, various materials such as polyethylene, glass, high-index plastic, acrylic resin, and composite fibers can be utilized, and several lens edging techniques are accessible for every type.
The global need for optical lens edgers is predicted to rise as the ophthalmology industry expands. The increasing frequency of visual impairments, eye illnesses, and an older population are propelling the expansion of the global lens market and in turn, helping the growth of the lens edger market across the world.
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Global Optical Lens Edger Market Key Segments:
By Type
- Manual optical lens edger
- Automatic optical lens edger
- Semi-automatic optical lens edger
By Application
- Eyeglass lens
- Microscope lens
- Camera lens
- Others (Telescope, Binoculars, etc.)
By End User
- Eye specialty clinics
- Eye institutes
- Hospitals
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
The key players of the Global Optical Lens Edger Market are:
Major players in the global Optical Lens Edger market are Coburn Technologies Inc., Essilor, Huvitz Corp., Koshin Kogaku Co. Ltd., Luneau Technology Group, Nidek Co., Ltd., Shanghai Supore Instruments Co Ltd., Santinelli, Int., TopConCorporation and many more.
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Driving factors for the growth of Global Optical Lens Edger Market
In countries all over the world, the population of older people over 60 years is steadily increasing. As the person’s age increases, the occurrence and prevalence of vision impairments and eye disorders rise. Older populations are also unfitted for laser surgeries and the usage of contact lenses is also not feasible for them.
These factors make the use of optical lenses inevitable for the older population and therefore, will be the largest demographic contributor to the growth of the lens edger market. Modernization in the medical imaging industry and the usage of optical lenses in clinical diagnostics will also fuel the market growth of the global lens edger market during the forecast period.
Clinicians and technicians in the ophthalmic science sectors are increasingly interested in using technology that provides more precision when cutting lenses. Due to this Lens Edger manufacturers are emphasizing features like precision, auto-calibration, and processing speed.
Such technical advancements will open up new avenues for profitable expansion. Automatic bevelling, regulated bevelling, EX lens trimming, frameless cutting, automated grooving, and controlled grooving are all examples of edging modes available in automatic and semi-automatic edging machines.
To achieve a competitive edge in the optical lens market, key competitors are also concentrating on customization. Better sensors are being used by equipment makers to reduce lens slippage during lens processing.
In the near future, the use of 3D printing technology is projected to offer up new options for automated lens-edging machines. The worldwide market is also being propelled by industrial producers’ demand for high-quality finishes for new optical edgers.
Digital marketers, photographers, and hobbyists are driving up the number of digital cameras. The digital imaging sector is undergoing a substantial shift across several applications, which will boost sales of camera and imaging equipment and components.
The global lens edger market will develop over the coming years due to the new photography ecosystems and enthusiastic customers.
The leading market segments of Global Optical Lens Edger Market
The semi-automatic lens edger category held the largest worldwide optical lens edger market share. Semi-automatic optical lens edger machines are less expensive than automated optical lens edger machines while being more effective than manual lens edgers in terms of precise cutting.
As a result of the simplicity and cost, semi-automatic lens edger machines are preferred in freestanding eyeglass stores, which account for the majority of lens customers. However, a cost reduction is projected to increase demand for automated lens edger devices.
This can be attributed to the advancement of technology and the availability of more precise automated lens-edging machines across the world.
Nonetheless, with economic activity picking up in numerous regions of the world, significant growth acceleration in the optical lens industry is also anticipated. End-use industries have taken notice of technologically improved equipment, particularly in lens edger equipment which will enable growth in lens edger sales.
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Challenges of Global Optical Lens Edger Market
Manufacturing optical lens edgers is an expensive operation that necessitates substantial expenditures, better infrastructure, regulatory and scientific compliance, and technological capabilities. Optical lens edger makers must complete a number of tasks during the manufacturing process to achieve critical quality and precision.
Optical edger equipment has attained technical maturity, indicating that the rate of product advancement is slowing and thus no new. Furthermore, an increasing number of clients are choosing contact lenses and laser eye correction surgeries which is having a negative influence on spectacle sales.
Furthermore, smartphone sales have increased, causing a reduction in digital camera sales. These factors are the biggest hurdles and may result in lower sales and growth of the lens edger market across the globe.
COVID-19 impact on Optical Lens Edger market
The worldwide optical lens edger market has been negatively impacted by the COVID-19 epidemic. During the COVID-19 pandemic, governments in impacted nations postponed non-essential procedures and patient visits.
Several industrial operations came to a standstill, and consumer spending on non-essential medical services also fell significantly during lockdowns, threatening the optical lens market’s prospects along with many other segments. This resulted in a significant decrease in new optical lens users and simultaneously limited the use of optical lens edgers in visual impairment tools.
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