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, 2024 - 2032

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, 2024 - 2032

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