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How Has the Reading Glasses Market Size Changed, over the years?

In recent times, there has been a robust growth in the market size of reading glasses. The market, which stood at $41.01 billion in 2024, is projected to increase to $43.54 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth during the historical period include an aging population, escalating urbanization, increasing incidents of presbyopia, a growing demand for vision correction and a surge in ocular diseases.

How Much Will the Reading Glasses Market Be Worth in 2029?

The market for reading glasses is forecasted to experience robust growth in the upcoming years, projected to reach a value of $54.58 billion by 2029, with a compound annual growth rate of 5.8%. Factors contributing to this predicted growth include the rise in online sales channels, increased consumer preference for high-end brands, greater demand for reading glasses, growth in disposable income, enhanced usage of tech devices like smartphones and computers, increasing demand for fashionable designs and branded products from the younger cohort, and e-commerce platform development. Noteworthy market trends include increased digital device usage, evolving consumer buying behaviours, technological progression, advances in eyeglass frame materials, and the incorporation of artificial intelligence into reading glasses designs.

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Which is the Largest Company in the Reading Glasses Market?

Major companies operating in the reading glasses market are Bausch & Lomb, Specsavers, Carl Zeiss, Vision Express, Kate Spade, Rodenstock GmbH, Warby Parker, JINS Eyewear, De Rigo Vision S.p.A., Maui Jim Inc., Zenni Optical Inc., Izipizi, Foster Grant, Clic Eyewear, Peepers, Prive Revaux, Gunnar Optiks, Felix Gray, ThinkOptic Inc., Nooz Optics

What Are the Main Market Drivers in the Reading Glasses Industry?

The growth of the reading glasses market is expected to be pushed by the increasing instances of presbyopia. Presbyopia is an age-related eye condition that makes it difficult to focus on nearby objects, typically affecting those over 40 years of age. This increase in presbyopia is due to the natural aging process which gradually decreases the elasticity of the eye’s lens, thus making it harder to focus on close objects. Changes in contemporary lifestyle, such as more screen time and fewer outdoor activities, could lead to an earlier start or more severe symptoms. Reading glasses aid those suffering from presbyopia by adjusting for the eye’s diminished capacity to focus on close range objects, offering the necessary magnification to improve sharpness and decrease strain. For instance, Ophthalmology Times Europe, a UK-based journal, mentioned that in September 2023, around 1.8 billion people were impacted by presbyopia globally in 2022. Moreover, it is anticipated that the incidence of presbyopia will hit approximately 2.1 billion by 2030. Therefore, the rising occurrence of presbyopia is fueling the growth of the reading glasses market.

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How Is the Reading Glasses Market Segments Structured?

The reading glasses market covered in this report is segmented –

1) By Type: Prescription Reading Glasses, Over-The-Counter (OTC) Reading Glasses

2) By Material: Plastic, Metal, Hybrid, Other Materials

3) By Age Group: Less Than 18 Years, 65 Years And Greater, 18-64 Years

4) By Distribution Channel: Online Retail, Optical Stores, Supermarkets, Pharmacies, Other Distribution Channels

Subsegmentss:

1) By Prescription Reading Glasses: Single Vision Prescription Reading Glasses, Bifocal Prescription Reading Glasses, Progressive Prescription Reading Glasses, Blue Light Blocking Prescription Reading Glasses, Custom-Tinted Prescription Reading Glasses

2) By Over-The-Counter (OTC) Reading Glasses: Full-Frame OTC Reading Glasses, Half-Frame OTC Reading Glasses, Rimless OTC Reading Glasses, Foldable OTC Reading Glasses, Multi-Strength OTC Reading Glasses

What Strategic Trends Are Transforming the Reading Glasses Market?

Key players in the reading glasses market, like Read On, are focusing their efforts on developing innovative products such as ultra-thin reading glasses. These glasses are designed to cater to the market demand for eyewear that is lightweight, stylish, and comfortable. Ultra-thin reading glasses are specifically designed for close vision and utilize high-tech materials and cutting-edge technology to reduce thickness and weight, while maintaining durability and optical clarity. For example, in February 2024, Read On, which is based in Switzerland, introduced their new product, Read On Light. These reading glasses are both lightweight and extremely flexible. They are constructed from superior TR90 eyewear material and are designed for optimal comfort and style. The glasses are sold with a corresponding hard case and are available in a range of five trendy colors. The glasses have extra-long temples for easy adjustment and can be folded flat for storage. This product meets the demand for fashionable and functional reading glasses that do not require to be integrated into a smartphone case, a feature that was seen in Read On’s previous products.

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Which Global Regions Offer the Highest Growth in the Reading Glasses Market?

North America was the largest region in the reading glasses market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the reading glasses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the reading glasses market, and how is it changing globally?

2. Who are the major companies in the reading glasses market, and how are they performing?

3. What are the key opportunities and risks in the reading glasses market right now?

4. Which products or customer segments are growing the most in the reading glasses market?

5. What factors are helping or slowing down the growth of the reading glasses market?

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