Ophthalmic Lens and Precision Optics Manufacturing Machines Market in APAC 2020-2024

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.

What will the Ophthalmic Lens and Precision Optics Manufacturing Machines Market Size in APAC be in 2020?

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Who are the Major Ophthalmic Lens and Precision Optics Manufacturing Machines Market Vendors in APAC?

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:

• 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
• TOSHIBA MACHINE Co. Ltd.

Which are the Key Markets for Ophthalmic Lens and Precision Optics Manufacturing Machines in APAC?

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.

What are the Major Application Segments in the Ophthalmic Lens and Precision Optics Manufacturing Machines Market in APAC?

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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.

How will Expansion of Production Facilities Influence Ophthalmic Lens and Precision Optics Manufacturing Machines Market Growth 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.

• The adoption of new manufacturing technologies and new materials for lenses also influence the growth of the market.
• The emergence of new optical materials has minimized the use of rare earth materials and heavy metals for the manufacture of ophthalmic lenses and precision optics.
• The introduction of new materials and advances in optical materials are leading to the development of new machines for processing the lenses made of such materials.
• Vendors in the market are continuously innovating and incorporating technological advances in their offerings.
• The adoption of new materials impacting machine manufacturers in the optics industry is one of the critical ophthalmic lens and precision optics manufacturing machines market trends in APAC that will influence market growth.
• During 2020-2024, the market will grow at a CAGR of almost 4%.

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What are the Key Factors Covered in this Ophthalmic Lens and Precision Optics Manufacturing Machines Market Report of APAC?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the ophthalmic lens and precision optics manufacturing machines market in APAC during the next five years
• Precise estimation of the ophthalmic lens and precision optics manufacturing machines market size in APAC and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ophthalmic lens and precision optics manufacturing machines industry in China, Japan, Thailand, The Philippines, and Rest of APAC
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ophthalmic lens and precision optics manufacturing machines vendors in APAC

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