Lens Monomer Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast

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Lens Monomer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast

The global Lens Monomer market  was valued at USD 1,322.5 Million in 2019 and is projected to reach USD 1,746.2 Million by 2027, expanding at a CAGR of 4.2% during the forecast period. Lens monomer are raw materials used for manufacturing lenses, spectacle lenses, and sunglasses. Group of monomers are known as polymers. These polymers are of various types, with different properties and are used in ophthalmic applications. Different types of monomers such as hydrophilic, neutral hydrophobic, high/low refractive index, ionic, and UV absorbing active monomers are used in lenses. These monomers have different properties, functionalities, refractive indices (RI), and features.

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Manufacturers use these optical monomers for preparing safe and comfortable lenses with high clarity for clear vision. These lenses enable the use of adding external layers of coating to these lenses such as anti-glare coatings, fog resistance, UV rays protection, and anti-blue coatings. These coatings reduce the transmission of rays or light to a minimal level, thus preventing any harm to the wearer’s eyes. These lenses are easily available in optical stores, eye wear stores, malls, and ophthalmology hospitals.

The market is driven by factors such as high prevalence of vision problems, rising prevalence of myopia (nearsightedness), increasing risk of computer vision syndrome (CVS), rising consciousness about fashion and availability of a wide range of photochromic lens-based spectacles or sunglasses, growing geriatric population, and robust R&D activities by manufacturers to expand their product portfolio offering. Conversely, use of incorrect lenses without medical consultation are affecting the eye sight of people and high cost of glasses, lenses, and sunglasses used as fashionable accessory are key factors restraining growth of the market. Entering untapped markets in emerging economies and major players are adopting strategies to strengthen their position and expand product portfolio are boosting the market.

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