Reading Glasses Market Outlook, Trends, Size and Forecast To 2032

The reading glasses market share is a global market that is expected to grow from USD 38.9 billion in 2022 to USD 64.1 billion by 2032, at a CAGR of 5.70% during the forecast period. The market is driven by the increasing prevalence of presbyopia, which is a natural age-related condition that makes it difficult to focus on near objects. Other factors driving the market include the rising elderly population, increasing screen time, and growing demand for fashionable reading glasses.

Regional Analysis:
The global reading glasses market insights is segmented into four major regions: North America, Europe, Asia Pacific, and Latin America.

North America

North America is the largest market for reading glasses, accounting for over 30% of the global market share in 2022. The market is driven by the increasing prevalence of presbyopia, the rising elderly population, and increasing screen time. The major players in the North American reading glasses market include Essilor, Luxottica, Johnson & Johnson, Carl Zeiss, and Safilo Group.

Europe

Europe is the second largest market for reading glasses, accounting for over 25% of the global market share in 2022. The market is driven by the same factors as the North American market, namely the increasing prevalence of presbyopia, the rising elderly population, and increasing screen time. The major players in the European reading glasses market include Essilor, Luxottica, Safilo Group, Hoya Corporation, and De Rigo Vision S.p.A.

Asia Pacific

Asia Pacific is the fastest-growing market for reading glasses, accounting for over 20% of the global market share in 2022. The market is driven by the large and growing population, the increasing prevalence of presbyopia, and the rising elderly population. The major players in the Asia Pacific reading glasses market include Essilor, Luxottica, Hoya Corporation, De Rigo Vision S.p.A., and Zenni Optical.

Latin America

Latin America is a relatively small market for reading glasses, accounting for less than 10% of the global market share in 2022. However, the market is growing rapidly, driven by the increasing prevalence of presbyopia, the rising elderly population, and increasing screen time. The major players in the Latin American reading glasses market include Essilor, Luxottica, Safilo Group, and Hoya Corporation.

Conclusion

Despite the challenges, the reading glasses market is expected to grow in the coming years. This is due to the increasing prevalence of presbyopia, the rising elderly population, increasing screen time, and growing demand for fashionable reading glasses. The market is expected to be driven by the Asia Pacific region, due to its large and growing population. The major players in the market are focusing on developing innovative products and expanding their distribution networks to cater to the growing demand. 

Key Players

MRFR recognizes the following companies as the global Reading Glasses market players.

·        Bausch & Lomb Incorporated.,

·        EssilorLuxottica,

·        Carl Zeiss,

·        Johnson & Johnson Services, Inc.,

·        Hoya Corporation,

·        De Rigo Vision S.p.A.,

·        ZENNI OPTICAL, INC., and

·        ThinkOptic Inc.

Segment Analysis

The global reading glasses market outlook has been segmented into age group, type and distribution channel.

On the basis of age group, the market is segmented into less than 18 years, 18-64 years, and 65 years and greater. The 18-64 years segment dominated the global market in 2022. Presbyopia, hyperopia, and farsightedness are three adult vision disorders that are becoming more common.

Based on type, the global reading glasses market has been segmented into prescription reading glasses and OTC reading glasses. Prescription reading glasses segment dominated the global Reading Glasses market in 2022. This can be attributable to the public's growing understanding of the value of choosing the right eyeglass strength.

Based on distribution channel, the global reading glasses market has been segmented into retail stores, online sales channels, and ophthalmology clinics. Retail stores segment dominated the global market in 2022. This may be related to the fact that customers prefer to visit actual stores to examine the goods in person and decide whether or not it is suitable for them.

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