Photochromic Lenses Market includes (by Material (Glass, Polycarbonate, and Plastic), Technology (In-mass, Imbibing & Trans-bonding, UV & Visible Light, Others), Distribution Channel (Online, Optical Chains, Independent Eye Care Professionals)), and Region (North-America, Europe, Asia Pacific, Latin America, Middle East and Africa)) – is expected to reach USD 11.4 Bn by 2026 at a CAGR of 3.3%.
The plastic segment is expected to be the leading segment during the forecast period for Photochromic Lenses market
The plastic segment is growing significantly in the Photochromic lenses market because of affordable product pricing, increase in product demand, along with availability of technologically advanced products related to eyewear which more number of people are preferring.
Among the technology segment, UV & visible light is expected to hold a larger market share
The UV & visible light segment held the largest market share in for photochromic lenses market. Factors such as rise in prevalence of chronic eye diseases together with new product demand are expected to boost the UV & visible light segment from 2018 to 2026.
Europe held the largest market share for the Photochromic Lenses market in forecast period of 2018-2026
Europe was the leading market for photochromic lenses because of increase in focus on research & development by the government along with growth in geriatric population in the region. Based on the data provided by WHO, countries in Europe hold one of the highest percentages of in geriatric populations in the world, together with higher life expectancy rates making it a big market for the photochromic lenses.
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