Growth Factors of Spectacles Market
The spectacles market size was valued at USD 91.56 billion in 2018, and the market is now projected tgrow from USD 208.53 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2019-2026.
Increasing screen time from computers and mobile devices is driving a rise in ocular disorders, boosting demand for spectacles with reflective coatings. East Asia shows high myopia rates, affecting 80%-90% of adults. The growing elderly population globally is further driving spectacle demand. Online and retail availability is enhancing accessibility. Progressive lenses are contributing tspectacles market growth.
Declining preference for contact lenses and rising LASIK surgeries in the U.S. have increased demand for prescription spectacles. In developed countries, more individuals are choosing spectacle frames as fashion accessories. These trends are expected tboost the spectacles market share.
Comprehensive Analysis of Spectacles Market
The spectacles market and healthcare industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by product type, by modality and by distribution channel. The product type includes, Spectacles Frames and Spectacle Lenses. The modality includes, Prescription and Over-the-counter. The distribution channel includes, Retail Store, Online Store and Ophthalmic Clinics.
North America led with USD 27.59 billion in 2018 and is expected tdominate the market. High awareness of ocular disorders and growing acceptance of vision care products drive growth. Rising demand for premium eye care and fashionable frames boosts market value. Increased affordability further supports expansion.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, EssilorLuxottica, Carl Zeiss, Fielmann AG, SafilGroup S.p.A., HOYA Corporation, Zenni Optical, Inc., Johnson and Johnson Vision, Ciba Vision, Warby Parker and Other prominent players. These market players provide a level-playing competitive landscape.
In July 2019, EssilorLuxottica revealed that the company is interested in acquiring 76.72% of shares in GrandVision, an optical retailer from the Netherlands for approximately USD 8.8 billion.
Segmentation Table
Global Spectacles Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 6.1% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Product Type, Modality, Distribution Channel and Geography
By Product Type
Spectacle Frames
Spectacle Lenses
By Modality
Prescription
Over-the-counter
By Distribution Channel
Retail Store
Online Store
Ophthalmic Clinic
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
- 1. 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
- 4.2. Key Trends in the Spectacles Market
- 4.3. Epidemiology of Ocular Disorders- For Key Countries
- 4.4. Introduction of New Products / Approvals (by Major Players)
- 4.5. Snapshot: Global Eyewear Market
- 5. Global Spectacles Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Frames
- 5.2.2. Lenses
- 5.3. Market Analysis, Insights and Forecast – By Modality
- 5.3.1. Prescription
- 5.3.2. Over-the-counter
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.4.1. Retail Stores
- 5.4.2. Online Stores
- 5.4.3. Ophthalmic Clinics
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Spectacles Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Product Type
- 6.2.1. Frames
- 6.2.2. Lenses
- 6.3. Market Analysis – By Modality
- 6.3.1. Prescription
- 6.3.2. Over-the-counter
- 6.4. Market Analysis – By Distribution Channel
- 6.4.1. Retail Stores
- 6.4.2. Online Stores
- 6.4.3. Ophthalmic Clinics
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Spectacles Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Product Type
- 7.2.1. Frames
- 7.2.2. Lenses
- 7.3. Market Analysis – By Modality
- 7.3.1. Prescription
- 7.3.2. Over-the-counter
- 7.4. Market Analysis – By Distribution Channel
- 7.4.1. Retail Stores
- 7.4.2. Online Stores
- 7.4.3. Ophthalmic Clinics
- 7.5. Market Analysis – By Country/Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia pacific Spectacles Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Product Type
- 8.2.1. Frames
- 8.2.2. Lenses
- 8.3. Market Analysis – By Modality
- 8.3.1. Prescription
- 8.3.2. Over-the-counter
- 8.4. Market Analysis – By Distribution Channel
- 8.4.1. Retail Stores
- 8.4.2. Online Stores
- 8.4.3. Ophthalmic Clinics
- 8.5. Market Analysis – By Country/Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Spectacles Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Product Type
- 9.2.1. Frames
- 9.2.2. Lenses
- 9.3. Market Analysis – By Modality
- 9.3.1. Prescription
- 9.3.2. Over-the-counter
- 9.4. Market Analysis – By Distribution Channel
- 9.4.1. Retail Stores
- 9.4.2. Online Stores
- 9.4.3. Ophthalmic Clinics
- 9.5. Market Analysis – By Country/Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Spectacles Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Product Type
- 10.2.1. Frames
- 10.2.2. Lenses
- 10.3. Market Analysis – By Modality
- 10.3.1. Prescription
- 10.3.2. Over-the-counter
- 10.4. Market Analysis – By Distribution Channel
- 10.4.1. Retail Stores
- 10.4.2. Online Stores
- 10.4.3. Ophthalmic Clinics
- 10.5. Market Analysis – By Country/Sub-region
- 10.5.1. GCC Countries
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2018)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles
- 11.5.1. EssilorLuxottica
- 11.5.1.1. Overview
- 11.5.1.2. Products & Services
- 11.5.1.3. SWOT Analysis
- 11.5.1.4. Recent Developments
- 11.5.1.5. Strategies
- 11.5.1.6. Financials
- 11.5.2. Carl Zeiss AG
- 11.5.2.1. Overview
- 11.5.2.2. Products & Services
- 11.5.2.3. SWOT Analysis
- 11.5.2.4. Recent Developments
- 11.5.2.5. Strategies
- 11.5.2.6. Financials
- 11.5.3. Fielmann AG
- 11.5.3.1. Overview
- 11.5.3.2. Products & Services
- 11.5.3.3. SWOT Analysis
- 11.5.3.4. Recent Developments
- 11.5.3.5. Strategies
- 11.5.3.6. Financials
- 11.5.4. Safilo Group S.p.A
- 11.5.4.1. Overview
- 11.5.4.2. Products & Services
- 11.5.4.3. SWOT Analysis
- 11.5.4.4. Recent Developments
- 11.5.4.5. Strategies
- 11.5.4.6. Financials
- 11.5.5. HOYA Corporation
- 11.5.5.1. Overview
- 11.5.5.2. Products & Services
- 11.5.5.3. SWOT Analysis
- 11.5.5.4. Recent Developments
- 11.5.5.5. Strategies
- 11.5.5.6. Financials
- 11.5.6. Zenni Optical, Inc.
- 11.5.6.1. Overview
- 11.5.6.2. Products & Services
- 11.5.6.3. SWOT Analysis
- 11.5.6.4. Recent Developments
- 11.5.6.5. Strategies
- 11.5.6.6. Financials
- 11.5.7. Johnson and Johnson Vision
- 11.5.7.1. Overview
- 11.5.7.2. Products & Services
- 11.5.7.3. SWOT Analysis
- 11.5.7.4. Recent Developments
- 11.5.7.5. Strategies
- 11.5.7.6. Financials
- 11.5.8. Ciba Vision
- 11.5.8.1. Overview
- 11.5.8.2. Products & Services
- 11.5.8.3. SWOT Analysis
- 11.5.8.4. Recent Developments
- 11.5.8.5. Strategies
- 11.5.8.6. Financials
- 11.5.9. Warby Parker
- 11.5.9.1. Overview
- 11.5.9.2. Products & Services
- 11.5.9.3. SWOT Analysis
- 11.5.9.4. Recent Developments
- 11.5.9.5. Strategies
- 11.5.9.6. Financials
- 11.5.10. Other Prominent Players
- 12. Strategic Recommendations "
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