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The ophthalmic lens and precision optics manufacturing machines market in APAC has the potential to grow by USD 95.64 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (China, Japan, Thailand, The Philippines, and the Rest of APAC) and application (ophthalmic lens and precision optics). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bühler AG, Coburn Technologies Inc., Hanil Vacuum Co. Ltd., Lenstech Opticals Pvt. Ltd., Luneau Technology Group, MEI Srl, Satisloh AG, Schneider GmbH & Co. KG, Schunk GmbH, and TOSHIBA MACHINE Co. Ltd.
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The market is fragmented, and the degree of fragmentation will increase during the forecast period. The companies are focusing on developing innovative offerings due to the rising demand for ophthalmic lens and precision optics manufacturing machines. To expand their market reach, established vendors are adopting technological advances. Bühler AG, Coburn Technologies Inc., Hanil Vacuum Co. Ltd., and Lenstech Opticals Pvt. Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, increasing preference for corrective refractive surgeries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this ophthalmic lens and precision optics manufacturing machines market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this ophthalmic lens and precision optics manufacturing machines market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading ophthalmic lens and precision optics manufacturing machines companies in APAC, including:
The expanding patient base in China because of its large population has led to the increasing demand for ophthalmic lenses. The rising prevalence of myopia in the country that is driving the growth of the ophthalmic lens segment will increase the adoption of ophthalmic lens and precision optics manufacturing machines.
About 34% of the market’s growth will originate from China during the forecast period. The country is witnessing heavy demand for precision optics, because of the rising investments in new medical devices and semiconductor manufacturing plants. This will subsequently drive the need for precision optics for specific applications, fueling the growth of ophthalmic lens and precision optics manufacturing machines market in APAC. Market growth in this country will be slower than the growth of the market in Thailand.
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The ophthalmic lens segment comprises of various types of lenses, such as spectacle lenses, contact lenses, and IOL. The low cost and high scratch resistance are the major advantages of glass lenses. There is an increasing demand for contact lenses in APAC as they are easily removable and replaceable. The rise in demand for different types of ophthalmic lenses will increase the demand for various types of ophthalmic lens manufacturing machines in APAC.
Market growth in this segment will be faster than the growth of the market in the precision optics segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the ophthalmic lens and precision optics manufacturing machines market size in APAC.
The increasing demand for ophthalmic lenses and precision optics is steadily increasing the production of these products. Manufacturers of the ophthalmic lens and precision optics are increasing investments in production capacity expansion. This has led to the increasing demand for ophthalmic lens and precision optics manufacturing machines. Such investments by vendors in the expansion of production facilities will significantly influence the growth of ophthalmic lens and precision optics manufacturing machines market in APAC over the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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