According to Cognitive Market Research, the global Aspheric Lens Market size will be USD 9154.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3661.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2746.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2105.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 457.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 183.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
The Ophthalmic category is the fastest growing segment of the Aspheric Lens industry