Prescription Safety Glasses Market Latest Trends And Key Drivers Supporting Growth Through 2019 - 2027

 

Growing Safety Concerns among Workforce and New Regulations to Fuel Demand for Prescription Glasses

Prescription safety glasses market are extensively used in both industrial setting as well as non-industrial environments. The adoption of prescription safety glasses is on the rise, particularly in industries, including manufacturing, automotive, construction, mining, and healthcare, among others. The meteoric rise in the adoption of prescription glasses can be attributed to a host of factors, including stringent workplace safety guidelines, increasing awareness regarding eye injuries, and the development of new eye care products.

As per the National Institute for Occupational Safety and Health, around 2,000 workers suffer from eye injuries on a daily basis, which thereby increases the need for optimum eye care and safety in such environments. Another major factor that is projected to boost the demand for prescription safety glasses during the forecast period is the significant rise in the number of individuals with vision deficiency. Adoption of prescription safety glasses among sportspersons, particularly involved in shooting, hunting, cycling, adventure sports, has witnessed a considerable surge in recent times due to which the market for prescription safety glasses is set to grow at a steady pace in the coming years. The strides taken by the e-Commerce sector is expected to provide companies involved in the prescription safety glasses market an ideal platform to enhance sales. At the back of these factors, the global prescription safety glasses market is expected to attain a value of ~US$ 861 Mn by the end of 2027.

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Polycarbonate and CR-39 to Remain Most Sought-after Lens Material

Stringent regulations pertaining to workforce safety have played a key role in increasing the demand for prescription safety lenses over the past few years. While prescription safety glasses are increasingly being used for personal use worldwide, the demand for the same in professional environments is set to remain higher. Companies operating in the current prescription safety glasses market are likely to focus on improving the durability of their products as well as the materials that are being used to develop these products.

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Over the past decade, polycarbonate has gained a great amount of popularity particularly for applications that require high levels of safety. As customers continue to emphasize the durability of prescription safety glasses, polycarbonate continues to remain a popular choice of lens material. Some of the other properties of polycarbonate including the optimum thickness, impact resistance, flexibility, and exceptional UV blockage are expected to drive the sales of polycarbonate prescription safety glasses in the upcoming years. Polycarbonate has also emerged as an ideal choice among individuals that require corrective lenses owing to its ideal composition, comfort, and clarity. Polycarbonate prescription safety glasses are increasingly being used across a host of industrial environments as they comply with the laid down guidelines. Despite having a significantly high market share, CR-39 prescription safety glasses are tipped to remain the first choice of customers over the forecast period, owing to its exceptional optical properties, pricing, and lightweight nature.

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Sales via e-Commerce Websites Set to Grow

Over the past decade, the overall progress made by the e-Commerce sector opens up new sales avenues for companies operating in the current prescription safety glasses market. Companies operating in the current market landscape are expected to focus on formulating effective digital marketing strategies to improve their brand presence and visibility. With the advent of multiple e-Commerce websites within the prescription safety glasses market, market participants are increasingly listing their products on these platforms to augment sales. Some of the key strategies deployed by companies to improve sales include discounts, promotional strategies, discounts, return policies, and more. Online retail is set to gain fast-paced momentum in the current market landscape due to which, the prescription safety glasses market will witness considerable growth in the forthcoming years. Despite a significant rise in the number of online sales, offline sales and distribution channels will continue to have a higher market share and value over the forecast period.

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