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Reading Glasses Market

Global Reading Glasses Market Analysis, Share, Forecast: By Type: Prescription, OTC; By Glass Type: Single Vision, Progressive Lenses, Bifocal Glasses, Task-Specific, Trifocal Glasses, Others; Age Group: Less Than 18 Years, 18 To 64 Years, 65 Years and Above; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Reading Glasses Market Outlook

The global reading glasses market is being aided by the growing eyewear market, which reached a value of about USD 138.77 billion in 2023. The global eyewear industry is further expected to grow at a CAGR of 3.3% in the forecast period of 2024-2032 to reach a value of approximately USD 185.08 billion by 2032.

 

Global Reading Glasses Market

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Increasing Preference for Prescription Reading Glasses to Aid the Growth of the Reading Glasses Industry

The reading glasses usually range from strengths of 1-3 and are rarely manufactured for strengths greater than 4 as most people only require low powered readers. Based on type, the prescription segment accounts for a major share in the industry and is expected to maintain its dominance in the forecast period as well. This can be attributed to the growing focus of consumers on getting a reading glass with more accurate vision correction and frame fit. The disadvantages associated with OTC reading glasses include comparatively poor quality and same corrective strength for both eyes as they are ready-made in nature. This is resulting in increased preference for prescription reading glasses among consumers.

 

North America to Significantly Contribute to the Growth of the Reading Glasses Industry

Region-wise, North America accounts for a significant share in the industry. Within North America, the United States serves as a major market for reading glasses. This can be attributed to the increased awareness among consumers regarding the value of corrected vision and easy access to eyeglasses. Meanwhile, in developing regions like the Asia Pacific, the industry is expected to witness a robust growth in the forecast period owing to the increasing awareness regarding eye care, favourable government initiatives, and increasing consumer disposable incomes.

 

Reading Glasses: Market Segmentation

Reading glasses are the most common type of vision correction eyeglasses for individuals of all ages. These spectacles are worn by people who face difficulty in reading the content properly as they effectively reduce eye strain and headache. The use of reading glasses can help restore the clear vision of an individual, thus, significantly improving a person’s quality of life.

 

Global Reading Glasses Market ByType

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Based on type, the market is bifurcated into:

  • Prescription
  • OTC

On the basis of glass type, the industry can be segmented into:

  • Single Vision
  • Progressive Lenses
  • Bifocal Glasses
  • Task-Specific
  • Trifocal Glasses
  • Others

By age group, the industry can be categorised into:

  • Less Than 18 Years
  • 18 To 64 Years
  • 65 Years and Above

The market is divided based on distribution channel into:

  • Ophthalmology Clinics
  • Optical Stores
  • Online Stores
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Reading Glasses Market  By Region

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Growing Incidences of Ocular Disorders and the Rising Awareness Regarding Eye Care to Boost the Demand for Reading Glasses

The growing cases of ocular disorders such as presbyopia, and others is pushing the growth of the reading glasses industry forward. The growth is higher in the developing regions owing to the increasing awareness regarding eye care and rising access to the product. The increasing geriatric population across the globe is expected to significantly contribute to the growth of the industry.

Over the forecast period, the online stores are expected to generate higher revenue owing to the growing consumer preference for online sales channels due to the convenience factor. Further, the growing emphasis on technological innovations to provide low-cost and trendy spectacles with optimum quality is expected to have a positive effect on the expansion of the global reading glasses industry.

 

Key Industry Players in the Global Reading Glasses Market

The report gives a detailed analysis of the following key players in the global reading glasses market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • De Rigo Vision S.p.A.
  • Bausch & Lomb Incorporated
  • Zenni Optical, Inc.
  • ThinkOptic, Inc.
  • Hoya Lens Thailand Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Glass Type
  • Age Group
  • Distribution Channel
  • Region 
Breakup by Type
  • Prescription
  • OTC
Breakup by Glass Type
  • Single Vision
  • Progressive Lenses
  • Bifocal Glasses
  • Task-Specific
  • Trifocal Glasses
  • Others
Breakup by Age Group
  • Less Than 18 Years
  • 18 To 64 Years
  • 65 Years and Above
Breakup by Distribution Channel
  • Ophthalmology Clinics
  • Optical Stores
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • De Rigo Vision S.p.A.
  • Bausch & Lomb Incorporated
  • Zenni Optical, Inc.
  • ThinkOptic, Inc.
  • Hoya Lens Thailand Ltd
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Reading Glasses Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Reading Glasses Historical Market (2018-2023) 
    8.3    Global Reading Glasses Market Forecast (2024-2032)
    8.4    Global Reading Glasses Market by Type
        8.4.1    Prescription
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    OTC
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Reading Glasses Market by Glass Type
        8.5.1    Single Vision
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Progressive Lenses
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Bifocal Glasses
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Task-Specific
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Trifocal Glasses
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Reading Glasses Market by Age Group
        8.6.1    Less Than 18 Years
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    18 To 64 Years
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    65 Years and Above
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Reading Glasses Market by Distribution Channel
        8.7.1    Ophthalmology Clinics
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Optical Stores
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Online Stores
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others
    8.8    Global Reading Glasses Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America Reading Glasses Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Reading Glasses Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Reading Glasses Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Reading Glasses Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Reading Glasses Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    De Rigo Vision S.p.A.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Bausch & Lomb Incorporated
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Zenni Optical, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    ThinkOptic, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Hoya Lens Thailand Ltd
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


Additional Customisations Available:

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved


List of Key Figures and Tables

1.    Global Reading Glasses Market: Key Industry Highlights, 2018 and 2032
2.    Global Reading Glasses Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Reading Glasses Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Reading Glasses Historical Market: Breakup by Glass Type (USD Billion), 2018-2023
5.    Global Reading Glasses Market Forecast: Breakup by Glass Type (USD Billion), 2024-2032
6.    Global Reading Glasses Historical Market: Breakup by Age Group (USD Billion), 2018-2023
7.    Global Reading Glasses Market Forecast: Breakup by Age Group (USD Billion), 2024-2032
8.    Global Reading Glasses Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9.    Global Reading Glasses Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10.    Global Reading Glasses Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Reading Glasses Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Reading Glasses Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Reading Glasses Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Reading Glasses Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Reading Glasses Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Reading Glasses Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Reading Glasses Market Structure

Key Questions Answered in the Report

The market attained a value of nearly USD 138.77 billion in 2023.

The market is projected to grow at a CAGR of 3.3% between 2024 and 2032.

The market is estimated to reach about USD 185.08 billion by 2032.

The major drivers of the market include the growing prevalence of ocular disorders, rising awareness regarding eye care, and increasing geriatric population.

The key trends of the market include the growing consumer preference for online stores and the increasing technological innovations.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of reading glasses in the market are prescription and OTC.

The significant glass types in the market are single vision, progressive lenses, bifocal glasses, task-specific, and trifocal glasses, among others.

The major age groups in the market are less than 18 years, 18 to 64 years, and 65 years and above.

The leading distribution channels in the market are ophthalmology clinics, optical stores, and online stores, among others.

The key players in the global reading glasses market are De Rigo Vision S.p.A., Bausch & Lomb Incorporated, Zenni Optical, Inc., ThinkOptic, Inc., and Hoya Lens Thailand Ltd, among others.

Analyst Review

The global reading glasses market is being driven by the growing awareness regarding eye care and the rising eyewear market, which attained a value of nearly USD 138.77 billion in 2023. Aided by the technological advancements, the eyewear market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.3%. The eyewear market is projected to reach USD 185.08 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into prescription and OTC. Based on glass type, the industry is categorised into single vision, progressive lenses, bifocal glasses, task-specific, and trifocal glasses, among others. On the basis of age group, the market is segmented into less than 18 years, 18 to 64 years, and 65 years and above. By distribution channel, the market is segmented into ophthalmology clinics, optical stores, and online stores, among others. The major regional markets for reading glasses are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include De Rigo Vision S.p.A., Bausch & Lomb Incorporated, Zenni Optical, Inc., ThinkOptic, Inc., and Hoya Lens Thailand Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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