Reading Glasses Market Insights Analysis By Segmentations, Key Players & Regional Analysis
Ngày đăng: 02-12-2023 |
Ngày cập nhật: 02-12-2023
Market Overview
The global reading glasses market size is expected to reach USD 64.1 billion by 2032, at a CAGR of 5.70% during the forecast period (2023-2032). The market is being driven by the aging global population, increasing screen time, and the growing demand for affordable and fashionable reading glasses.
Key Players
Global Reading Glasses Market Players are— 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.
Region-wise Outlook
The reading glasses market insights is as follows:
Growth Drivers
The growth of the global reading glasses market is being driven by a number of factors, including:
Aging global population: The aging global population is one of the key drivers of the reading glasses market. As people age, they are more likely to develop presbyopia, an age-related eye condition that makes it difficult to focus on close objects.
Increasing screen time: The increasing use of digital devices, such as smartphones, tablets, and computers, is also driving the demand for reading glasses. This is because staring at screens for extended periods of time can strain the eyes and make it difficult to focus on close objects.
Growing demand for affordable and fashionable reading glasses: There is a growing demand for affordable and fashionable reading glasses. This is because people want to be able to wear reading glasses that look good and fit their lifestyle.
Challenges
The global reading glasses market faces a number of challenges, including:
Competition from online retailers: Online retailers are offering a wide range of reading glasses at competitive prices. This is making it difficult for traditional brick-and-mortar retailers to compete.
Counterfeit products: There is a growing problem with counterfeit reading glasses being sold online and in some brick-and-mortar stores. This can pose a health risk to consumers.
Consumer awareness: Many consumers are not aware of the importance of getting a proper eye exam before buying reading glasses. This can lead to consumers buying the wrong type of reading glasses or buying glasses that are not strong enough.
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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.
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The global reading glasses market size is expected to reach USD 64.1 billion by 2032, at a CAGR of 5.70% during the forecast period (2023-2032). The market is being driven by the aging global population, increasing screen time, and the growing demand for affordable and fashionable reading glasses.
Key Players
Global Reading Glasses Market Players are— 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.
Region-wise Outlook
The reading glasses market insights is as follows:
- North America: North America is currently the largest market for reading glasses, accounting for over 40% of the global market share. This is due to the high disposable incomes of consumers and the high awareness of eye care in the region.
- Europe: Europe is the second largest market for reading glasses, accounting for over 30% of the global market share. The market is driven by the aging population in the region and the increasing prevalence of presbyopia.
- Asia-Pacific: Asia-Pacific is the fastest-growing market for reading glasses, with a CAGR of over 7%. The growth is driven by the increasing disposable incomes of consumers, the growing awareness of eye care, and the increasing prevalence of presbyopia in the region.
- Latin America: The Latin American reading glasses market is expected to grow at a CAGR of over 6% during the forecast period. The growth is driven by the increasing disposable incomes of consumers and the growing awareness of eye care in the region.
- Middle East & Africa: The Middle East & African reading glasses market is expected to grow at a CAGR of over 5% during the forecast period. The growth is driven by the increasing disposable incomes of consumers and the growing awareness of eye care in the region.
Growth Drivers
The growth of the global reading glasses market is being driven by a number of factors, including:
Aging global population: The aging global population is one of the key drivers of the reading glasses market. As people age, they are more likely to develop presbyopia, an age-related eye condition that makes it difficult to focus on close objects.
Increasing screen time: The increasing use of digital devices, such as smartphones, tablets, and computers, is also driving the demand for reading glasses. This is because staring at screens for extended periods of time can strain the eyes and make it difficult to focus on close objects.
Growing demand for affordable and fashionable reading glasses: There is a growing demand for affordable and fashionable reading glasses. This is because people want to be able to wear reading glasses that look good and fit their lifestyle.
Challenges
The global reading glasses market faces a number of challenges, including:
Competition from online retailers: Online retailers are offering a wide range of reading glasses at competitive prices. This is making it difficult for traditional brick-and-mortar retailers to compete.
Counterfeit products: There is a growing problem with counterfeit reading glasses being sold online and in some brick-and-mortar stores. This can pose a health risk to consumers.
Consumer awareness: Many consumers are not aware of the importance of getting a proper eye exam before buying reading glasses. This can lead to consumers buying the wrong type of reading glasses or buying glasses that are not strong enough.
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
United States of America
