Navigating Sustainable, Profitable Growth in a Rapidly Changing World

Healthcare and Pharmaceuticals

United States Reading Glasses Marke...

Historical and Forecast Market Trends

2018-34

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Nearly 28 million Americans rely on over-the-counter reading glasses, commonly used by individuals experiencing presbyopia, an age-related condition affecting near vision typically manifesting between ages 40 to 50. Further, a high literacy rate coupled with great infrastructure for reading is supporting the market. The USA had about 123,627 Libraries in 2019.

Fig: Number of Libraries in the United States, 2019

United States Reading Glasses Market

Symptoms include eye strain, headaches, and blurred vision when focusing on close objects. The demand for reading glasses is fueled by the necessity to alleviate these issues, particularly as people age. Additionally, college students, prone to myopia, often require reading glasses for clear vision, facilitating academic success and socioeconomic development. Vision correction, whether in children or adults, enhances productivity and extends workforce participation. Improved vision is also crucial for road safety, as drivers with correctable poor vision are more susceptible to accidents. The rise of application-based technologies, facilitated by widespread smartphone use, further underscores the importance of clear vision. Reading glasses, offering non-prescription magnification, alleviate eye strain and enhance reading comfort, with modern options like Varilux progressive lenses providing continuous wear convenience.

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Market Breakup by Type, Age Group, Distribution Channels, and Region:

  • By type, the market is segmented into prescription and OTC.
  • By age group, the market is divided into less than 18 years, 18-64 years, and 65 years and above.
  • By distribution channel, the market is classified into ophthalmology clinics, optical stores, and online stores.
  • Region-wise, the US reading glasses market is divided into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Key Findings of the Report:

  • Reading glasses offer a simple and practical solution to steady college myopia. Correcting people’s vision through eyeglasses promotes socioeconomic development.
  • It is reported that drivers having poor vision (correctable through glasses) are significantly more likely to be involved in road accidents.
  • Clear vision is important to the maximization of use of application-based technology tools becoming more accessible with increased penetration of affordable smartphones in less developed nations.

Key Offerings of the Report:

  • The report also offers historical (2017-2023) and forecast (2024-2032) market information for the type, age group, distribution channels, major regions of reading glasses in the US.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the United States reading glasses market are Guccio Gucci S.p.A., Eyebobs, ThinOptics, Inc., Bausch & Lomb Incorporated, Vera Bradley Designs, Inc., ICU Eyewear, Inc., Hi-Tech Optical, Inc., Warby Parker Inc., Zenni Optical, Inc., and Shark Eyes, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

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

  • Type
  • Age Group
  • Distribution Channels
  • Region
Breakup by Type
  • Prescription
  • OTC
Breakup by Age Group
  • Less than 18 years
  • 18-64 years
  • 65 years and Above
Breakup by Distribution Channels
  • Ophthalmology Clinics
  • Optical Stores
  • Online Stores
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
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
  • Guccio Gucci S.p.A.
  • Eyebobs
  • ThinOptics, Inc.
  • Bausch & Lomb Incorporated
  • Vera Bradley Designs, Inc.
  • ICU Eyewear, Inc.
  • Hi-Tech Optical, Inc.
  • Warby Parker Inc.,
  • Zenni Optical, Inc.
  • Shark Eyes, Inc.
  • Others

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