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.
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 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.
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.
About US:
Market
Research Future (MRFR) enable customers to unravel the complexity of various
industries through Cooked Research Report (CRR), Half-Cooked Research Reports
(HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market
Research & Consulting Services.
Contact us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York,
New
York 10013