Photochromic Lenses Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material (Glass, Polycarbonate, and Plastic), By Technology (UV and Visible Light, Imbibing and Trans-Bonding, Mass, and Other Technologies), By Application (Corrective and Preventive), By Sales Channel (Specialty Clinics, Online, and Other Sales Channels), and Region

Photochromic Lenses Market size was valued at US$ 7,267.2 million in 2023 and poised to grow at 6.3% CAGR during the forecast years (2024-2030). Photochromic lenses are those worn on the eye that automatically darken in the presence of ultraviolet light and return to their clear state when UV intensity is reduced. The feature is attained through a chemical process on the lens, usually silver halide, or other molecules. Such lenses have gained popularity due to the convenience they offer in vision correction and protection from dangerous UV rays. The increased concern for UV protection among people across the world creates a demand for protective eyewear, of which photochromic lenses are a part.

For instance, WHO estimates that up to 20% of all cases of cataracts are due to overexposure to UV radiation; thus, protective eyewear one of them being photochromic lenses becomes very important in preventing or reducing such risks.  Furthermore, the advances in lens technology from improved transition speeds to increased clarity with the introduction of blue light filtering are driving consumer adoption. Photochromic lenses have a price premium compared to regular ones, which could be a disincentive factor for price-sensitive consumers. However, growing disposable income and increasing awareness of eye health in emerging markets present significant growth opportunities.

Photochromic Lenses Market Key Developments:

• 2023: Transition Optical, a subsidiary of Essilor, introduced its latest generation of Transitions® lenses, which offer faster transition times and improved clarity, addressing consumer demand for higher-performing photochromic lenses.
• 2022: EssilorLuxottica, one of the leading players in the market, launched a new range of photochromic lenses with enhanced blue light protection, catering to the increasing demand for lenses that protect against digital eye strain.