Product Code: PM4676
The global reading glasses market size is expected to reach USD 61.04 billion by 2032, according to a new study by Polaris Market Research. The report "Reading Glasses Market Share, Size, Trends, Industry Analysis Report, By Type (Prescription Reading Glasses and OTC Reading Glasses); By Age Group; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Several eye related disorders such as presbyopia, astigmatism, and hyperopia are becoming increasingly common around the world, thereby the demand for effective treatment options including reading glasses is increasing rapidly. Rising urbanization that led to increased screen time as people continuously work on screen for long hours and increasing consumer disposable income especially in emerging nations, also fostering the market's growth. For instance, according to a Scientific Research, the prevalence of hyperopia across the world was stood at around 30%, and the mean prevalence of hyperopia in the United States was reported at 38.2%.
There are numerous companies focusing on the integration of AI into reading glasses which acts as a game-changer for the industry as it enhances the potential use and capabilities of such glasses. AI-based glasses leverage natural language processing, natural language, and machine learning algorithms to recognize the faces, gestures, and objects in a more intuitive and immersive user experience. For instance, in December 2023, Meta, announced about the early access program which will allow customers of Ray-Ban Meta smart glasses to test the AI-powered features. It includes built-in camera and Meta's AI assistant to help user understand what they are looking and will provide helpful information.
Reading glasses has gained huge popularity and emerged as an additional add-on accessory as customers worldwide becoming style-conscious and demanding fashionable and trendy frame designs of glasses. Thereby, companies are investing on the development of attractive frames such as retro, vintage, geometric, and tortoiseshell, allowing customers to choose from a wider range of options. For instance, in February 2024, Zenni Optical, announced the launch of its new collection of stylish ready-to-wear readers. It includes 35 frames that offer a diverse and versatile selection and allow users to improve their reading experiences.
Reading Glasses Market Report Highlights
Prescription reading glasses segment accounted for notable share, due to its high accuracy and ability to offer greater comfort in terms of reading
18-64 years segment led the market, on account of growing awareness among this age group about the importance of regular vision health checks
Online sales channels segment will grow at highest pace, owing to shift in consumer preferences towards online shopping channels due to their numerous benefits
North America dominated the global market, that is attributed to presence of various global players and significant prevalence of ocular and other eye related disorders
The key market players include ZEISS International, HOYA Corporation, Foster Grant, Pixel Eyewear, EssilorLuxoticca, Corning Inc., and ZENINI Optical
Polaris Market Research has segmented the reading glasses market report based on type, age group, distribution channel, and region:
Reading Glasses, Type Outlook (Revenue - USD Billion, 2023 - 2032)
- Prescription Reading Glasses
- OTC Reading Glasses
Reading Glasses, Age Group Outlook (Revenue - USD Billion, 2023 - 2032)
- Less Than 18 Years
- 18-64 Years
- 65 Years and Above
Reading Glasses, Distribution Channel Outlook (Revenue - USD Billion, 2023 - 2032)
- Retail Stores
- Online Sales Channels
- Ophthalmology Clinics
Reading Glasses, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Reading Glasses Market Insights
- 4.1. Reading Glasses Market - Distribution Channel Snapshot
- 4.2. Reading Glasses Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising prevalence of presbyopia and astigmatism to drive product demand
- 4.2.1.2. Development of technologically advanced glasses driving the market's growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of awareness about ocular disorders and costly frames to hinder market growth
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Reading Glasses Market Distribution Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Reading Glasses Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 5.3. Prescription Reading Glasses
- 5.3.1. Global Reading Glasses Market, by Prescription Reading Glasses, by Region, 2019-2032 (USD Billion)
- 5.4. OTC Reading Glasses
- 5.4.1. Global Reading Glasses Market, by OTC Reading Glasses, by Region, 2019-2032 (USD Billion)
6. Global Reading Glasses Market, by Age Group
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 6.3. Less Than 18 Years
- 6.3.1. Global Reading Glasses Market, by Less Than 18 Years, by Region, 2019-2032 (USD Billion)
- 6.4. 18-64 Years
- 6.4.1. Global Reading Glasses Market, by 18-64 Years, by Region, 2019-2032 (USD Billion)
- 6.5. 65 Years and Above
- 6.5.1. Global Reading Glasses Market, by 65 Years and Above, by Region, 2019-2032 (USD Billion)
7. Global Reading Glasses Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3. Retail Stores
- 7.3.1. Global Reading Glasses Market, by Retail Stores, By Region, 2019-2032 (USD Billion)
- 7.4. Online Sales Channels
- 7.4.1. Global Reading Glasses Market, by Online Sales Channels, By Region, 2019-2032 (USD Billion)
- 7.5. Ophthalmology Clinics
- 7.5.1. Global Reading Glasses Market, by Ophthalmology Clinics, By Region, 2019-2032 (USD Billion)
8. Global Reading Glasses Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Reading Glasses Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Reading Glasses Market - North America
- 8.3.1. North America: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.3.4. Reading Glasses Market - U.S.
- 8.3.4.1. U.S.: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.3.5. Reading Glasses Market - Canada
- 8.3.5.1. Canada: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4. Reading Glasses Market - Europe
- 8.4.1. Europe: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.4. Reading Glasses Market - UK
- 8.4.4.1. UK: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.5. Reading Glasses Market - France
- 8.4.5.1. France: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.6. Reading Glasses Market - Germany
- 8.4.6.1. Germany: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.7. Reading Glasses Market - Italy
- 8.4.7.1. Italy: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.8. Reading Glasses Market - Spain
- 8.4.8.1. Spain: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.9. Reading Glasses Market - Netherlands
- 8.4.9.1. Netherlands: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.4.10. Reading Glasses Market - Russia
- 8.4.10.1. Russia: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5. Reading Glasses Market - Asia Pacific
- 8.5.1. Asia Pacific: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5.4. Reading Glasses Market - China
- 8.5.4.1. China: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5.5. Reading Glasses Market - India
- 8.5.5.1. India: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5.6. Reading Glasses Market - Malaysia
- 8.5.6.1. Malaysia: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5.7. Reading Glasses Market - Japan
- 8.5.7.1. Japan: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5.8. Reading Glasses Market - Indonesia
- 8.5.8.1. Indonesia: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.5.9. Reading Glasses Market - South Korea
- 8.5.9.1. South Korea: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.6. Reading Glasses Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.6.4. Reading Glasses Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.6.5. Reading Glasses Market - UAE
- 8.6.5.1. UAE: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.6.6. Reading Glasses Market - Israel
- 8.6.6.1. Israel: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.6.7. Reading Glasses Market - South Africa
- 8.6.7.1. South Africa: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.7. Reading Glasses Market - Latin America
- 8.7.1. Latin America: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.7.4. Reading Glasses Market - Mexico
- 8.7.4.1. Mexico: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.7.5. Reading Glasses Market - Brazil
- 8.7.5.1. Brazil: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
- 8.7.6. Reading Glasses Market - Argentina
- 8.7.6.1. Argentina: Reading Glasses Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Reading Glasses Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Reading Glasses Market, by Age Group, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Corning Inc. (US)
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. EssilorLuxoticca (France)
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Foster Grant (US)
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Gamma Ray Optics (US)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Gunnar Optiks (US)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Hilco Vision (US)
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. HOYA Corporation (Japan)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Jins Co. Ltd. (Japan)
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Pixel Eyewear (US)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. SAFILO Group S.p.A. (Italy)
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Swanpick (US)
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. ZEISS International (Germany)
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. ZENINI Optical (US)
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development