Global Reading Glasses Market Size study & Forecast, by Age Group by Type, by Distribution Channel and Regional Analysis, 2022-2029

Description

List of Tables

Global Reading Glasses Market is valued at approximately USD 41.12 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2022-2029. Reading glasses are the sort of eyewear that is used to help with vision when a person is unable to read the text clearly. This is attributed to a wide range of ocular conditions, including presbyopia, astigmatism, hyperopia, and others. The rising prevalence of various ocular disorders, coupled with the surging demand for trendy designs and branded products among the young population are some prominent factors that are fueling the market demand across the globe.

The increasing ageing population is directly associated with the demand for reading glasses because it causes eye degeneration or visual impairments that include difficulty seeing small print or objects clearly. The World Health Organization estimates that by 2050, there are around 2 billion people in the world who are 60 years of age or older, which is a rise from 900 million in 2015. In addition, presbyopia is becoming more common in adults at a substantial rate. According to American Academy of Ophthalmology, it was estimated that 1.8 billion persons worldwide (about 25%) had presbyopia in 2015. Accordingly, the overall unmet requirement for presbyopia correction among them was 45%. Furthermore, it has been widely observed that older persons are more likely to have corneal astigmatism than younger people. Therefore, the escalating geriatric population is exhibiting a positive influence on the growth of the market. Moreover, the growing R&D investment, as well as the increasing availability of products on various online sales channels are presenting various lucrative opportunities over the forecasting years. However, the high cost of frames to slow sales of reading glasses in emerging regions and lack of awareness about ocular disorders are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Reading Glasses Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing awareness regarding eye care products and the presence of key market players across the region. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as rising target populations, increasing prevalence of presbyopia among the population, and rising launch of products in semi-premium and lower cost range to be affordable to the economically weaker zones.

Major market players included in this report are:

Bausch & Lomb Incorporated.

EssilorLuxottica

Carl Zeiss

Johnson & Johnson Services, Inc.

Hoya Corporation

De Rigo Vision S.p.A.

ZENNI OPTICAL, INC.

ThinOptics, Inc.

Pixel Eyewear

Swanwick

Recent Developments in the Market:

In February 2022, ZEISS International announced the introduction of a new design Freeform Lens, which offers high optical quality. The solution provided the clear vision that is flat and thin in structure at the advantage of low cost. The objective of this launch is to enhance the product portfolio of the company.
In June 2019, FGX International declared the company's collaboration with Restoring Vision to launch its first reading glasses with the vision of rising awareness regarding the lack of access to reading glasses in developing countries, and the impact that vision correction with the help of reading glasses has on people's lives.

Global Reading Glasses Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Age Group, Type, Distribution Channel, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Age Group:

Less than 18 years

18-64 years

65 years and Greater

By Type:

Prescription Reading Glasses

OTC Reading Glasses

By Distribution Channel:

Retail Stores

Online Sales Channels

Ophthalmology Clinics

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Reading Glasses Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Reading Glasses Market, by Age Group, 2019-2029 (USD Billion)
- 1.2.3. Reading Glasses Market, by Type, 2019-2029 (USD Billion)
- 1.2.4. Reading Glasses Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Reading Glasses Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Reading Glasses Market Dynamics

3.1. Reading Glasses Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing ageing population
  - 3.1.1.2. Rising prevalence of various ocular disorders
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of frames to slow sales of reading glasses in emerging regions
  - 3.1.2.2. Lack of awareness about ocular disorders
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing R&D investment
  - 3.1.3.2. Increasing availability of products on various online sales channels

Chapter 4. Global Reading Glasses Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Reading Glasses Market, by Age Group

6.1. Market Snapshot
6.2. Global Reading Glasses Market by Age Group, Performance - Potential Analysis
6.3. Global Reading Glasses Market Estimates & Forecasts by Age Group 2019-2029 (USD Billion)
6.4. Reading Glasses Market, Sub Segment Analysis
- 6.4.1. Less than 18 years
- 6.4.2. 18-64 years
- 6.4.3. 65 years and Greater

Chapter 7. Global Reading Glasses Market, by Type

7.1. Market Snapshot
7.2. Global Reading Glasses Market by Type, Performance - Potential Analysis
7.3. Global Reading Glasses Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
7.4. Reading Glasses Market, Sub Segment Analysis
- 7.4.1. Prescription Reading Glasses
- 7.4.2. OTC Reading Glasses

Chapter 8. Global Reading Glasses Market, by Distribution Channel

8.1. Market Snapshot
8.2. Global Reading Glasses Market by Distribution Channel, Performance - Potential Analysis
8.3. Global Reading Glasses Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4. Reading Glasses Market, Sub Segment Analysis
- 8.4.1. Retail Stores
- 8.4.2. Online Sales Channels
- 8.4.3. Ophthalmology Clinics

Chapter 9. Global Reading Glasses Market, Regional Analysis

9.1. Reading Glasses Market, Regional Market Snapshot
9.2. North America Reading Glasses Market
- 9.2.1. U.S. Reading Glasses Market
  - 9.2.1.1. Age Group breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Reading Glasses Market
9.3. Europe Reading Glasses Market Snapshot
- 9.3.1. U.K. Reading Glasses Market
- 9.3.2. Germany Reading Glasses Market
- 9.3.3. France Reading Glasses Market
- 9.3.4. Spain Reading Glasses Market
- 9.3.5. Italy Reading Glasses Market
- 9.3.6. Rest of Europe Reading Glasses Market
9.4. Asia-Pacific Reading Glasses Market Snapshot
- 9.4.1. China Reading Glasses Market
- 9.4.2. India Reading Glasses Market
- 9.4.3. Japan Reading Glasses Market
- 9.4.4. Australia Reading Glasses Market
- 9.4.5. South Korea Reading Glasses Market
- 9.4.6. Rest of Asia Pacific Reading Glasses Market
9.5. Latin America Reading Glasses Market Snapshot
- 9.5.1. Brazil Reading Glasses Market
- 9.5.2. Mexico Reading Glasses Market
- 9.5.3. Rest of Latin America Reading Glasses Market
9.6. Rest of The World Reading Glasses Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Bausch & Lomb Incorporated.
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. EssilorLuxottica
- 10.2.3. Carl Zeiss
- 10.2.4. Johnson & Johnson Services, Inc.
- 10.2.5. Hoya Corporation
- 10.2.6. De Rigo Vision S.p.A.
- 10.2.7. ZENNI OPTICAL, INC.
- 10.2.8. ThinOptics, Inc.
- 10.2.9. Pixel Eyewear
- 10.2.10. Swanwick

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Reading Glasses Market, report scope
TABLE 2. Global Reading Glasses Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Reading Glasses Market estimates & forecasts by Age Group 2019-2029 (USD Billion)
TABLE 4. Global Reading Glasses Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 5. Global Reading Glasses Market estimates & forecasts by Distribution Channel 2019-2029 (USD Billion)
TABLE 6. Global Reading Glasses Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Reading Glasses Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Reading Glasses Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Reading Glasses Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Reading Glasses Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Reading Glasses Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Reading Glasses Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Reading Glasses Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Reading Glasses Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Reading Glasses Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Reading Glasses Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Reading Glasses Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Reading Glasses Market
TABLE 71. List of primary sources, used in the study of global Reading Glasses Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Reading Glasses Market, research methodology
FIG 2. Global Reading Glasses Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Reading Glasses Market, key trends 2021
FIG 5. Global Reading Glasses Market, growth prospects 2022-2029
FIG 6. Global Reading Glasses Market, porters 5 force model
FIG 7. Global Reading Glasses Market, pest analysis
FIG 8. Global Reading Glasses Market, value chain analysis
FIG 9. Global Reading Glasses Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Reading Glasses Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Reading Glasses Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Reading Glasses Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Reading Glasses Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Reading Glasses Market, regional snapshot 2019 & 2029
FIG 15. North America Reading Glasses Market 2019 & 2029 (USD Billion)
FIG 16. Europe Reading Glasses Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Reading Glasses Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Reading Glasses Market 2019 & 2029 (USD Billion)
FIG 19. Global Reading Glasses Market, company Market share analysis (2021)