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Hyperopia, also known as farsightedness, is a common vision condition where individuals have difficulty seeing objects close to them clearly, but can see objects in the distance. It is caused by a refractive error in the eye, usually due to the cornea being too flat or the eye being shorter in length. The hyperopia market is a rapidly growing segment of the vision care industry. According to the World Health Organization, it is estimated that approximately 1.9 billion people worldwide suffer from hyperopia. The prevalence of hyperopia is expected to increase due to factors such as aging populations, increased screen time, and changing lifestyle habits. One of the primary drivers of the hyperopia market is the increasing awareness about the importance of regular eye examinations and early detection of vision problems. Technological advancements in diagnostic tools and treatment options have also contributed to the market growth. Eye care professionals now have access to advanced refractive surgeries, such as LASIK and PRK, which can effectively correct hyperopia.

The Hyperopia Glasses Market is expected to grow at a strong CAGR of 4.7% during the forecast period owing to rising geriatric population. The rising geriatric population is indeed a significant driving factor for the increased demand for hyperopia glasses. Hyperopia, commonly known as farsightedness, is a vision condition that mainly affects older adults. As people age, the lens of the eye loses flexibility, leading to difficulty in focusing on nearby objects. This prevalent condition in the older population requires corrective measures such as wearing hyperopia glasses to enhance visual acuity and improve daily functioning. According to the U.S. Census Bureau, the global population aged 65 and older is projected to reach 1.6 billion by 2050, more than double the population in 2018. Similarly, the World Health Organization (WHO) estimates that the number of people aged 60 and above will nearly triple by 2050, from 962 million in 2017 to 2.1 billion. These statistics indicate a significant increase in the geriatric population worldwide.

• Based on type, the market is categorized into low hyperopia glasses, moderate hyperopia glasses, and high hyperopia glasses. The low hyperopia glasses held a significant share of the market in 2022. Low hyperopia, also known as farsightedness, is a refractive error in which objects that are near appear blurry while distant objects can be seen more clearly. This condition occurs when the eye is shorter than normal or when the cornea has a smaller curvature than average, causing light to focus behind the retina instead of directly on it.
• Based on end user, the market is segmented into hospitals, retail, and others. The hospitals held a significant share of the market in 2022. The hospital segment in the eyewear market refers to the specific type of eyewear products that are designed and marketed for use within healthcare and medical settings. These eyewear products are typically made to provide protection and enhance vision for healthcare professionals, patients, and visitors in a hospital environment.
• For a better understanding of the market adoption of the hyperopia glasses industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held a dominant share of the market in 2022. . In recent years, the hyperopia glasses market in North America has witnessed significant growth due to the increasing prevalence of hyperopia amongst the population, advancements in the eyewear technology, and rising awareness about the condition and its treatment options. The market is highly competitive, with several key players focusing on innovation and strategic collaborations to gain a competitive edge.
• Some of the major players operating in the market include EssilorLuxottica; Essilor Ltd; Nikon; TAG Heuer; Carl Zeiss AG; Rodenstock GmbH; Oakley, Inc.; Guccio Gucci S.p.A.; JIANGSU HONGCHEN OPTICAL CO,LTD.; and Eastman Kodak Company.