The global multifocal glasses for children market is anticipated to grow at a CAGR of 38.8% during the forecast period (2023-2030). Multifocal glasses contain many lens powers, which allow for clear vision for distance, reading, computer use, and other objects placed at an intermediate distance. One of the major factors driving the market includes the increasing technical product innovation by the major market players. For instance, in September 2022, Johnson & Johnson Vision Care, Inc., launched ACUVUE® OASYS MAX 1-DAY contact lenses and ACUVUE® OASYS MAX 1-Day MULTIFOCAL contact lenses for presbyopia. Designed with the technologies such as TearStable Technology and OptiBlue light filter to fulfill the unmet requirements of digitally intense lifestyles. TearStable™ Technology is designed to maximize tear-film stability and lock in moisture for exceptional all day comfort. The OptiBlue™ light filter has the highest level blue-violet filter in the industry at 60% to reduce light scatter for exceptional visual clarity, day to night. In addition, ACUVUE® OASYS MAX 1-Day lenses block 99.9% UVA rays and 100% UVB rays.
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Some other factor bolstering the market growth includes the increasing government initiatives and the rising Food and Drug Administration (FDA) approvals. For instance, in June 2022, Johnson & Johnson Vision Care, Inc. has received clearance from the US FDA, approval from Health Canada, and completed CE Mark activities for the Acuvue Oasys Max 1-Day and Acuvue Oasys Max 1-Day multifocal contact lenses.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Type
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Hoya Corp., Alcon Inc., Johnson & Johnson Vision Care, Inc.,
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Multifocal Glasses for Children Market Report Segment
By Type
- Plastic
- Polycarbonate
By Application
- Myopia
- Presbyopia
- Hyperopia
- Astigmatism
By End-User
- Hospital
- Optical Shop
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Multifocal Glasses for Children Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Carl Zeiss AG.
- Rodenstock GmbH
- Nikon Corp.
- Shamir Optical Industry Ltd.
- VISION-EASE
- Shanghai Conant Optical Co., Ltd.
- Wanxin Group
- SEIKO OPTICAL PRODUCTS CO., LTD
- Bausch & Lomb Incorporation
- EyeKon Medical, Inc.
- Lenstec, Inc.
- HumanOptics AG
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