Anti-Blue Ray Myopia Lenses Market Expected to Reach $5.36 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Anti-Blue Ray Myopia Lenses Market," The anti-blue ray myopia lenses market size was valued at $2.28 billion in 2021, and is estimated to reach $5.36 billion by 2030, growing at a CAGR of 7.6% from 2022 to 2030.

Blue-screen or blue-light spectacles, which also have anti-blue ray lenses, reduce the amount of blue light that enters the eyes. One of the benefits of using anti-blue ray myopia lenses is they help in regulating sleep cycle. Another harmful impact of frequent exposure to blue light is that it prevents the body from producing the hormone melatonin. A hormone called melatonin alerts the body that it needs to slumber in order to regenerate. Despite being exhausted, the body is unable to receive the signal since this hormone's production is constrained, entirely upsetting the sleep cycle. Regular use of anti-blue ray myopia lenses reduces exposure to blue light, allowing melatonin levels to return to normal.

However, some of the disadvantages of anti-blue ray myopia lenses include their certain unfavorable properties. Anti-blue ray myopia lenses have some adverse effects, including the acceleration of scotopic vision loss and a yellowish tint to everything one sees when wearing blue light glasses. During the projected period, these factors can have a negative effect on the market.

Future market growth could be greatly influenced by the growing acceptance of fashion trends. A lot of people use eyewear today in accordance with the newest industry trends. Eyewear is a fashion statement. Also predicted to increase demand for anti-blue ray myopia lenses is the increasing in myopia among young adults and children. Additionally, in order to expand their market share, organizations that manufacture anti-blue ray myopia lenses around the world are employing successful marketing techniques and roll out cutting-edge products. For instance, the optical business ZEISS, which has its headquarters in Germany, announced the release of its ZEISS Blue Guard line of blue light-blocking lenses in February 2021. The lens's construction offers clarity while blocking up to 40% of dangerous blue light. In the coming years, these technology developments might also create profitable new business prospects. These factors are anticipated to boost the anti-blue ray myopia lenses market growth in the upcoming years.

The global anti-blue ray myopia lenses market share is segmented based on type, distribution channel, and region. By type, it is classified into single, bifocal, trifocal, and others. By distribution channel, it is classified into retail stores, hospitals & clinics, and e-commerce platforms. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the anti-blue ray myopia lenses market report include Essilor, HOYA GROUP, RODENSTOCK GMBH, ZEISS, Seiko, Chemiglas Corp., Nikon, Shamir Optical Industry Ltd, Mingyue Glasses Co., Ltd., and Shanghai Conant Optics Co., Ltd.

The report offers a comprehensive analysis of the global anti-blue ray myopia lenses market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of Covid-19 on the Global Anti-blue Ray Myopia Lenses Industry

• People are confined to their home because of the covid-19 pandemic, with little options for recreation. As a result, the majority of people are using digital gadgets more than ever. During the projected period, these variables are expected to produce profitable investment opportunities in the market.
• As per analysis, people’s reluctance to go to hospitals for routine check-ups contributed to the rise in eye related aliments during the Covid-19 pandemic. Additionally, the percentage of eye check-ups increased from 10% in 2019 to 50% in last quarters of 2020 during Covid-19, and the majority of those affected at the time had advanced cataracts.
•  Additionally, certain major suppliers of anti-blue ray myopia lenses, such as Essilor and Titan, are implementing specific methods and developments to keep ahead of the competition. For instance, the launch of zero powered computer glasses by Indian eyewear manufacturer, Titan Eyeplus, was announced for August 2020. These glasses, which come with anti-blue lenses, are available both online and offline. In light of the pandemic, all these reasons are anticipated to have a beneficial effect on the market for anti-blue ray myopia lenses globally.

Key Findings of the Study

• Based on type, the single sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on distribution channel, the retail stores sub-segment emerged as the global leader in 2021 and e-commerce platforms sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.