Frost & Sullivan releases the 'White Paper on the Chinese Optical Lens Industry'

With the improvement of people's living standards and the growing demand for optometry correction, Chinese residents' purchasing demand for eyewear products has expanded, leading to rapid growth in the retail sales of eyeglass lenses in our country. The retail sales of lenses increased from 264.0 billion yuan in 2017 to 325.8 billion yuan in 2022, with an annual compound growth rate of 4.3%. In the future, as the country promulgates more favorable industry policies, consumer attitudes change, and the myopia rate among teenagers rises, the demand for lenses will continue to expand. It is estimated that by 2027, the retail sales of lenses will reach 477.5 billion yuan. To this end, based on research into this market, Frost & Sullivan (Frost & Sullivan) has released an independent research report titled 'Research White Paper on the Chinese Eyeglass Lens Industry'.