According to the recent study the optical lens market is projected to reach an estimated $XX billion by 2027 from $XX billion in 2022, at a CAGR of 7% to 9% from 2022 to 2027. Growth in this market is primarily driven by increasing prevalence of eye problems, growing demand for the optical lens in the medical sector, and growing aged population in combination with a significant rise in optical diseases.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in optical lens market by type (converging lenses and diverging lenses), application (ophthalmic, microscopy, laser processing and imaging), end-user (consumer electronics, defense, healthcare, life sciences and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Converging lenses market is expected to remain the largest segment during the forecast period.”
Based on type, the optical lens market is segmented into converging lenses and diverging lenses. Lucintel forecasts that the converging lenses market is expected to remain the largest segment due to its wide range of applications in microscopes, magnifying glasses, eyeglasses, and increasing application of the optical lens in the headlight of automotive vehicles to achieve higher visibility.
“Within the optical lens market, the microscopy segment is expected to remain the largest application”
Based on application the microscopy segment is expected to witness the highest growth over the forecast period due to its extensive use in nanophysics microelectronics, pharmaceutic research biotechnology and many other application areas, and is used for the inspection of micro-particles and blood cells.
“North America will dominate the optical lens market in near future”
North America will remain the largest region due to the presence of key players, product innovations, heavy pr