Global Photochromic Lens Market forecast and opportunities 2024-TechSci Research

MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
Global Photochromic Lens Market Forecast &
Opportunities
2014-2024

2
Table of Contents
S. No. Contents
1. Photochromic Lens: An Introduction
2. Research Methodology
3. Executive Summary
4. Voice of Customer/End User Analysis
4.1 Brand awareness (Aided & Unaided)
4.2. Sources of information
4.3. Preferred Point of Purchase
4.4. Factors Influencing Purchase Decision
5. Global Photochromic Lens Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Material (Glass; Polycarbonate; Plastic)
5.2.2. By Technology Type (In mass; Imbibing & Trans bonding)
5.2.3. By Application (Corrective; Preventive)
5.2.4. By Distribution Channel (Online Retail; Optical Chains; Independent Eye Care Professionals)
5.2.5. By Region (North America; Europe; Asia Pacific; South America; Middle East & Africa)
5.2.6. By Company (2018)
5.3. Market Attractiveness Index (By Material, By Technology Type; By Distribution Channel and By Region)
6. Europe Photochromic Lens Market Outlook
6.1.1. By Value
6.2.1. By Material
6.2.2. By Technology
6.2.3. By Application
6.2.4. By Country
6.3. United Kingdom Photochromic Lens Market Outlook

3
Table of Contents
S. No. Contents
6.3.1. Market Size & Forecast
6.3.1.1. By Value
6.3.2. Market Share & Forecast
6.3.2.1. By Material
6.3.2.2. By Technology
6.3.2.3. By Application
6.4. Germany Photochromic Lens Market Outlook
6.4.1.1. By Value
6.5. Italy Photochromic Lens Market Outlook
6.5.1.1. By Value
6.6. Spain Photochromic Lens Market Outlook
6.6.1.1. By Value
6.7. France Photochromic Lens Market Outlook
6.7.1.1. By Value

4
Table of Contents
S. No. Contents
7. North America Photochromic Lens Market Outlook
7.1.1. By Value
7.2.1. By Material
7.2.2 By Technology
7.2.3 By Application
7.2.4 By Country
7.3. United States Photochromic Lens Market Outlook
7.3.1.1. By Value
7.4. Canada Photochromic Lens Market Outlook
7.4.1.1. By Value
7.5. Mexico Photochromic Lens Market Outlook
7.5.1.1. By Value

5
Table of Contents
S. No. Contents
8. Asia-Pacific Photochromic Lens Market Outlook
8.1.1. By Value
8.2.1. By Material
8.2.2 By Technology
8.2.3 By Application
8.2.4 By Country
8.3. China Photochromic Lens Market Outlook
8.3.1.1. By Value
8.4. New Zealand Photochromic Lens Market Outlook
8.4.1.1. By Value
8.5. India Photochromic Lens Market Outlook
8.5.1.1 By Value

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Table of Contents
S. No. Contents
8.6. Singapore Photochromic Lens Market Outlook
8.6.1.1. By Value
8.7. Australia Photochromic Lens Market Outlook
8.7.1.1. By Value
9. South America Photochromic Lens Market Outlook
9.1.1. By Value
9.2.1. By Material
9.2.4. By Country
9.3. Argentina Photochromic Lens Market Outlook
9.3.1.1. By Value

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Table of Contents
S. No. Contents
9.4. Brazil Photochromic Lens Market Outlook
9.4.1.1. By Value
9.5. Venezuela Photochromic Lens Market Outlook
9.5.1.1. By Value
10. Middle East & Africa Photochromic Lens Market Outlook
10.1 Market Size & Forecast
10.1.1 By Value
10.2.1. By Material
10.2.4. By Country
10.3 Iran Photochromic Lens Market Outlook
10.3.1.1. By Value

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Table of Contents
S. No. Contents
10.4. Nigeria Photochromic Lens Market Outlook
10.4.1.1. By Value
10.5. Saudi Arabia Photochromic Lens Market Outlook
10.5.1.1. By Value
10.6. South Africa Photochromic Lens Market Outlook
10.6.1 Market Size & Forecast
10.6.1.1. By Value
10.6.2 Market Share & Forecast
11. Market Dynamics
11.1. Drivers
11.2. Challenges

9
Table of Contents
S. No. Contents
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competitive Outlook
13.2. Company Profiles (Leading 10 Companies)
13.2.1. Essilor International S.A.
13.2.2. Carl Zeiss Meditec AG
13.2.3. Corning Incorporated
13.2.4. Seiko Optical Products Co. Ltd.
13.2.5. Hoya Corporation
13.2.6. Transitions Optical Limited
13.2.7. Vision Dynamics LLC
13.2.8. Tokai Optical Co. Ltd.
13.2.9. Optiswiss AG
13.2.10. Vision Service Plan
14. Strategic Recommendations
15. About Us & Disclaimer

PRODUCTOVERVIEW
PHOTOCHROMICLENS

11
Product Overview
Photochromic Lens
Photochromic Lens Market
By Material By Technology By Application
By Distribution
Channel
By Region
 Glass
 Polycarbonate
 Plastic
 In mass
 Imbibing &
Trans bonding
 Corrective
 Preventive
 Online Retail
 Optical Chains
 Independent Eye Care
Professionals
 North America
 South America
 Asia-Pacific
 Europe
 Middle East & Africa
GLOBAL PHOTOCHROMIC LENS MARKET is growing, owing to rising levels of ultraviolet
radiations in the atmosphere which can lead to eye diseases. Photochromic lenses are the eye lenses
that when exposed to ultraviolet radiations in sunlight, darken automatically. They return to lighten
shade when no longer exposed to ultraviolet radiations. Declining prices, rising geriatric population and
growing popularity of these lenses are anticipated to significantly contribute to the growth of global
photochromic lens market during forecast period.

13
13 © TechSci Research
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was
conducted to
determine top players
in global photochromic
lens market, overall
market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
global photochromic lens
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Website
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

14
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global photochromic lens market. The
team has analyzed the outlook of various segments of this market, while considering the major influencing factors and
speculated robust growth for the next five years. The study includes market forecasting, which would enable our clients to take
better decisions while planning their strategy to achieve sustainability in global photochromic lens market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as
photochromic lens companies.
The team interviewed more than 15 companies, 150 industry experts and other value chain stakeholders in global
photochromic lens market to obtain the overall market size during 2014-2018, which was validated by the Delphi technique.
Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2014-
2018.

15
Respondents were asked about the current and future market growth rates, market shares by material, by technology, by
application, by distribution channel and by each region. Removing the outlier responses, the geometric mean of growth
estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final
revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders
depending upon the type of photochromic lens.
Methodology Followed for Calculation of Market Shares:
Market shares by material, by technology, by application, by distribution channel, by each region and by company were
calculated based on the responses received through primary surveys with industry experts, in which the respondents were
asked about the market shares or revenue generated from various type of photochromic lenses. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the
survey results in SPSS/Tableau Software.

16
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To
forecast global photochromic lens market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium- and long-term period to estimate the demand and to
reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including
market share data.
Partial List of Companies
Interviewed
Carl Zeiss Meditec AG, Corning Incorporated, Essilor International S.A., Hoya
Corporation, Vision Service Plan, Transitions Optical Limited, Optiswiss AG, Tokai
Optical Co., Ltd., Seiko Optical Products Co., Ltd., Vision Dynamics LLC, etc.
Partial List of Secondary
Sources considered
Company Annual Reports, Industry Magazines, Industry Reports, News Dailies,
Credible Paid Databases, Proprietary Database, etc.

17
Industry Brief
According to TechSci Research report, “Global Photochromic Lens Market By Material, By Technology, By Application, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2024”, global photochromic lens market is expected to register a CAGR of over 8.3% during 2019-2024, on the back of rising
popularity of these lenses, product innovations with enhanced technology and rising awareness towards eye care. Moreover, growing ageing population across the globe
and rising demand for photochromic lenses among older population is further anticipated to positively influence global photochromic lens market over the coming years.
In terms of material, global photochromic lens market is categorized into glass, polycarbonate and plastic, of which polycarbonate is the rapidly growing segment on
account of quick-darkening and quick-clearing effect of these lenses and product innovation, i.e., availability of different colors in polycarbonate lenses.
Based on the distribution channel, global photochromic lens market is segmented into online, optical chains, and independent eye care stores. Of all, online segment is
predicted to witness a significant growth during forecast period owing to the wide range of product offerings and various deals offered by the e-commerce vendors.
However, independent eye care stores segment is expected to continue its dominance during forecast period. Essilor International S.A., Carl Zeiss AG, Corning Inc.,
Seiko Optical Products Co., Ltd., Hoya Corporation, etc., were some of the leading players in global photochromic lenses market in 2018 and are expected to maintain
their position during forecast period as well. Among regions, North America dominated the market with 41% share in 2018. High discretionary expenditure and style
statement associated with photochromic lenses are some of the major factors that have driven the market in the region.
On the basis of manufacturing technology, global photochromic lenses market can be broadly categorized into in-mass technology and imbibed & trans-bonding
technology. In-mass technology is the most widely used technology for manufacturing photochromic lenses due to low operational cost for implementing the technology.
Moreover, this technology is applicable on all types of lens materials.
“Global photochromic lens market is anticipated to register a steady growth over the course of next five years. Technological advancements, increasing retail outlets and
comfort and style benefits offered by photochromatic lenses are the factors fueling growth in global photochromic lenses market. Moreover, global photochromic lenses
market is further anticipated to witness growth in the coming years owing to rising cases of eye diseases, increasing diagnostic procedures for ophthalmology and
growing awareness among consumers.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

18
Sample Data- Snapshots
Global Photochromic Lens Market Size, By Value
(USD Million), 2014–2024F
CAGR 2014-2018
By Value: XX%
CAGR 2019E-2024F
By Value: YY%
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
Company A
Company B
Company C
Company D
Others
Global Photochromic Lens Market Share, By Company, By
Value, 2018
Europe Photochromic Lens Market Share, By Material, By
Value, 2014–2024F
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%
Plastic Polycarbonate Glass
Germany Photochromic Lens Market Share, By
Technology, By Value, 2014–2024F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
Imbibing & Trans bonding In mass

19
Report Ordering
Report Name : Global Photochromic Lens Market
Forecast & Opportunities,
2014-2024
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A b o u t U s & D i s c l a i m e r
About Us :
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci
Research provides market research reports in a number of areas to organizations. The company uses innovative
business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary
forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state
basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the
detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities
available in the market.
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Disclaimer :
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is
timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including
which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not
responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever
to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
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