Transparency Market Research (TMR) has published a new report titled, “Photochromic Lenses Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global photochromic lenses market was valued at US$ 8.0 Bn in 2017 and is projected to expand at a CAGR of over 2.5% from 2018 to 2026. Europe is expected to dominate the global photochromic lenses market during 2018-2026 due to rise in geriatric population, presence of key market players in the region, etc. in Asia Pacific, emerging economies, such as China and India, are likely to drive the growth of the photochromic lenses market during the forecast period. The photochromic lenses market in Asia Pacific is expected to expand at a CAGR of more than 2.8% from 2018 to 2026.
Key Players such as Essilor International S.A., Corning Incorporated, and Carl Zeiss Meditec AG Likely to Continue to Lead the Market
The report also profiles leading players operating in the global photochromic lenses market. These include 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. and Vision Dynamics LLC. Expansion of geographical presence and partnerships for development of innovative solutions are the key strategies adopted by the major players. For example, in August 2017, HOYA Corporation acquired Performance Optics, LLC., that helped in expansion of both HOYA’s product offerings as well as geographic reach for its HOYA Vision Care division.
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