Top 5 Reading Glasses Market Key Trends in 2022 and Beyond

Posted on Jan 10 2022 5:25 AM

"Reading Glasses Market Size, Share & Industry Analysis, By Age Group (Less than 18 years, 18-64 years, and 65 years and above), By Type (Prescription Reading Glasses and OTC Reading Glasses), By Distribution Channel (Retail Stores, Online Sales Channels, Ophthalmology Clinics), and Regional Forecast, 2019-2026"

The global reading glasses market is expected to gain momentum from the ever-increasing demand for fashionable frames. Consumers nowadays are looking for frames designed with specific materials, such as fiber or wood or frames as per the shapes of their faces. Therefore, styles of frames are persistently going through revolution. It would affect the market positively in the coming years. This information is published by Fortune Business Insights™ in a recent report, titled, “Reading Glasses Market Size, Share & Industry Analysis, By Age Group (Less than 18 years, 18-64 years, and 65 years and above), By Type (Prescription Reading Glasses and OTC Reading Glasses), By Distribution Channel (Retail Stores, Online Sales Channels, Ophthalmology Clinics), and Regional Forecast, 2019-2026.” The report further states that the reading glasses market size was USD 34.92 billion in 2018 and is projected to reach USD 53.23 billion by 2026, exhibiting a CAGR of 5.4% during the forecast period.

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Leading Players operating in the Reading Glasses Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • De Rigo Vision S.p.A.
  • EssilorLuxottica
  • ZENNI OPTICAL, INC.
  • Bausch & Lomb Incorporated
  • ThinkOptic, Inc.
  • Johnson & Johnson Services, Inc.
  • Carl Zeiss
  • Hoya Corporation
  • Other prominent players

Increasing Usage of Online Portals for Purchasing Glasses to Drive Growth

In the era of the internet, the sales of reading glasses are upsurging rapidly owing to the emergence of numerous e-commerce websites. Besides, consumers are inclining towards these online portals for purchasing the required products from the retail stores as they are providing more discounts. Coupled with this, the rising utilization of smartphones and high penetration of the internet are set to propel the reading glasses market growth in the near future. Also, many reputed manufacturers are redesigning their sales and marketing strategies to target larger consumer bases. However, high cost of eyeglass frames may obstruct the market growth.

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North America to Remain at the Forefront Backed by High Sales of Premium Products

In terms of geography, the market is classified into Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America. Amongst these, in 2018, North America held USD 14.32 billion reading glasses market revenue. It is set to lead throughout the forecast period owing to the rising cases of presbyopia in the U.S. Also, the presence of reputed companies possessing wide distribution networks, high cost of products, and increasing sales of reading glasses manufactured by premium brands would contribute to the growth of this market in this region. 

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • 1 Prevalence of Vision Disorders by Key Countries/Region
    • 2 Key Industry Developments – Mergers, Acquisitions, Partnerships & New Product Launch
    • 3 Overview of New Product Launches
    • 4 Regulatory and Reimbursement Scenario by Key Countries/Region
  • Global Reading Glasses Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Age Group
      • 2.1 Less than 18 years
      • 2.2 18 to 64 years
      • 2.3 65 years and above
    • Market Analysis, Insights and Forecast – By Type
      • 3.1 Prescription Reading Glasses
      • 3.2 OTC Reading Glasses
    • Market Analysis, Insights and Forecast – By Distribution Channel
      • 4.1 Retail Stores
      • 4.2 Online Stores
      • 4.3 Ophthalmology Clinics
    • 5 Market Analysis, Insights and Forecast – By Region
      • 5.1 North America
      • 5.2 Europe
      • 5.3 Asia Pacific
      • 54 Latin America
      • 5.5 Middle East & Africa
    • North America Reading Glasses Market Analysis, Insights and Forecast, 2015-2026
      • Key Findings / Summary
      • Market Analysis – By Age Group
        • 2.1 Less than 18 years
        • 2.2 18 to 64 years
        • 2.3 65 years and above
      • Market Analysis, Insights and Forecast – By Type
        • 6.1 Prescription Reading Glasses
        • 3.2 OTC Reading Glasses
      • Market Analysis – By Distribution Channel
        • 4.1 Retail Stores
        • 4.2 Online Stores
        • 4.3 Ophthalmology Clinics
      • Market Analysis – By Country
        • 5.1 U.S.
        • 5.2 Canada
      • Europe Reading Glasses Market Analysis, Insights and Forecast, 2015-2026
        • Key Findings / Summary
        • Market Analysis – By Age Group
          • 21 Less than 18 years
          • 2.2 18 to 64 years
          • 2.3 65 years and above

TOC Continued…….

Reasons to Purchase this Report:

  • Comprehensive analysis of the Reading Glasses Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

KEY QUESTIONS ANSWERED:

  • What are the key technological and Reading Glasses Market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • Why Choose Fortune Business Insights?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Reading Glasses Market growth?

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