The reading glasses market
size 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.
Furthermore,
advancements in lens technology have enhanced the functionality and comfort of
reading glasses, providing consumers with options such as blue light filtering
lenses to alleviate digital eye strain. Additionally, the increasing awareness
of eye health and the importance of regular vision check-ups have encouraged
more individuals to invest in quality reading glasses as a preventive measure.
This evolving landscape has not only boosted the sales of readers reading
glasses but also fostered innovation within the industry as companies strive to
meet the evolving demands of consumers. Overall, the readers reading glasses
market is poised for continued growth as demographic shifts and technological
advancements drive sustained demand for corrective eyewear.
The readers reading
glasses market has experienced a notable surge in recent years,
driven by an aging population and increased screen time among younger
demographics. As individuals age, the need for reading glasses becomes more
prevalent due to natural changes in vision, leading to a growing demand for
corrective eyewear. Moreover, the pervasive use of digital devices such as
smartphones, tablets, and computers has contributed to eye strain and
discomfort, prompting younger consumers to seek reading glasses for relief. This
dual demographic trend has propelled the readers reading glasses market to
expand rapidly, with manufacturers offering a diverse range of styles, designs,
and lens options to cater to varying needs and preferences.
Segment Analysis
The
global reading glasses market 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.
Key Players
The
following Global Reading Glasses
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.
Regional Analysis:
The global reading glasses market 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.
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