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Global Reading Glasses Market: By Type: Prescription, OTC; By Glass Type: Single Vision, Progressive Lenses, Bifocal Glasses, Task-Specific, Trifocal Glasses, Others; By Age Group; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

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 127 billion in 2020. The global eyewear industry is further expected to grow at a CAGR of 3% in the forecast period of 2021-2026 to reach a value of approximately USD 155 billion by 2026.

 

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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Reading Glasses Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Reading Glasses Historical Market (2016-2020) 
    8.3    Global Reading Glasses Market Forecast (2021-2026)
    8.4    Global Reading Glasses Market by Type
        8.4.1    Prescription
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    OTC
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Reading Glasses Market by Glass Type
        8.5.1    Single Vision
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Progressive Lenses
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Bifocal Glasses
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Task-Specific
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Trifocal Glasses
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Reading Glasses Market by Age Group
        8.6.1    Less Than 18 Years
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    18 To 64 Years
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    65 Years and Above
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Reading Glasses Market by Distribution Channel
        8.7.1    Ophthalmology Clinics
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Optical Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Online Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Others
    8.8    Global Reading Glasses Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    De Rigo Vision S.p.A.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Bausch & Lomb Incorporated
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Zenni Optical, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    ThinkOptic, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hoya Lens Thailand Ltd
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


Additional Customisations Available:

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


List of Figures and Tables

1.    Global Reading Glasses Market: Key Industry Highlights, 2016 and 2026
2.    Global Reading Glasses Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Reading Glasses Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Reading Glasses Historical Market: Breakup by Glass Type (USD Billion), 2016-2020
5.    Global Reading Glasses Market Forecast: Breakup by Glass Type (USD Billion), 2021-2026
6.    Global Reading Glasses Historical Market: Breakup by Age Group (USD Billion), 2016-2020
7.    Global Reading Glasses Market Forecast: Breakup by Age Group (USD Billion), 2021-2026
8.    Global Reading Glasses Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
9.    Global Reading Glasses Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
10.    Global Reading Glasses Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Reading Glasses Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Reading Glasses Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Reading Glasses Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Reading Glasses Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Reading Glasses Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Reading Glasses Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Reading Glasses Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Reading Glasses Market Structure

Key Questions Answered in the Report

The global reading glasses market is being driven by the growing eyewear market, which attained a value of nearly USD 127 billion in 2020.

The eyewear market is projected to grow at a CAGR of 3% between 2021 and 2026, further propelling the growth of the reading glasses industry.

The market is estimated to reach about USD 155 billion by 2026 and is expected to continue to support the growth of the reading glasses industry.

The major drivers of the industry, such as the increasing prevalence of ocular disorders, rising awareness regarding eye care, increasing geriatric population, improving standards of living, and growing retail sector are expected to aid the market growth.

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

The major regions in the industry 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 industry are single vision, progressive lenses, bifocal glasses, task-specific, and trifocal glasses, among others.

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

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

The major players in the industry 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 127 billion in 2020. Aided by the technological advancements, the eyewear market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3%. The eyewear market is projected to reach USD 155 billion by 2026.

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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