The ‘Global Reading Glasses Market Price, Size, Share, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global reading glasses market, assessing the market on the basis of its segments like types, glass types, age groups, distribution channels, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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Reading Glasses Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 127 Billion (Global Eyewear Market)
• Forecast CAGR (2023-2028): 3.0% (Global Eyewear Market)
• Forecast Market Size (2028): USD 155 Billion (Global Eyewear Market)
The increasing exposure to screens owing to the heightened smartphone ownership is leading to the deterioration of eyesight among adults. Hampered health of eyesight can cause migraine, poor vision at night, and difficulty in analysing objects. Hence, the increasing awareness pertaining to eye care is driving the demand for reading glasses. Moreover, the growing exposure to screens owing to the emergence of work-from-home models, especially in the wake of the COVID-19 pandemic, is surging the demand for reading glasses.
Reading glasses are convenient, easy to maintain, offer vision correction, and can be carried easily. The easy usability of the product is further bolstering the global reading glasses market. Meanwhile, the expansion of ophthalmology clinics and eye hospitals is increasing the accessibility of eyecare services among the working-class population and surging the demand for reading glasses.
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In the forecast period, the anticipated rise in the availability of reading glasses in various shapes and designs is likely to heighten the popularity of the product. In addition, the increasing inclination of college students towards using reading glasses with high aesthetic appeal is expected to bolster the demand for reading glasses with innovative colour combinations. The increasing prevalence of refractive errors, macular degeneration, and presbyopia, among others, is anticipated to provide further impetus to the global reading glasses market.
Regionally, North America accounts for a significant share in the market on account of the wide accessibility to eyecare in countries such as the United States and Canada. The increasing availability of innovative premium eyecare brands is further bolstering the demand for reading glasses.
Meanwhile, the Asia Pacific is likely to witness a steady growth in the coming years, driven by the rising geriatric population, coupled with the increasing cases of visual impairment. The rapid urbanisation and increasing healthcare expenditure across the region are also expected to add to the overall reading glasses market in the coming years.
Reading Glasses Industry Definition and Major Segments
The glasses worn by people at the time of reading are defined as reading glasses. These glasses allow a person to read words which are hard to read through the naked eye. These glasses are usually prescribed by doctors and the type of glass used can vary according to the requirement.
Based on type, the market can be segmented into:
The market can be broadly categorised based on glass type into:
• Single Vision
• Progressive Lenses
• Bifocal Glasses
• Trifocal Glasses
By age group, the market is divided into:
• Less Than 18 Years
• 18 To 64 Years
• 65 Years and Above
On the basis of distribution channel, the market is classified into:
• Ophthalmology Clinics
• Optical Stores
• Online Stores
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Reading Glasses Market Trends
The key trends in the reading glasses market include the growing expansion of the e-commerce industry and the emergence of eyewear as a fashion accessory. The availability of diverse models of reading glasses with innovative designs and the comfort of rapid home delivery offered by e-commerce channels are driving the demand for the product.
The development of custom-made glasses by key players is another crucial trend boosting the demand for the product. These custom-made reading glasses use anti-reflective coatings and photochromic lenses to enhance the comfort of the visually impaired.
According to the World Health Organisation, almost 65.2 million people face moderate to dreadful vision loss after a cataract, especially in developing countries. Therefore, over the forecast period, the anticipated prevalence of cataract surgeries among the geriatric population is likely to increase the demand for reading glasses. The development of temporary reading glasses designed for post-cataract surgery to provide good reading vision is likely to provide impetus to the market in the coming years.
The increasing research and development activities and strategic collaborations aimed towards innovating reading glasses to enhance reading comfort after a complex eye treatment are expected to support the reading glasses market growth in the forecast period.
Key Market Players
The major players in the reading glasses market report are
- De Rigo Vision S.p.A.,
- Bausch & Lomb Incorporated,
- Zenni Optical,
- Inc., ThinkOptic, Inc.,
- Hoya Lens Thailand Ltd,
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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