1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
Global Eyeglasses Industry

Global Eyeglasses Industry

  • July 2022
  • 841 pages
  • ID: 90623
  • Format: PDF
  • Global Industry Analysts


Table of Contents


What`s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year

Global Eyeglasses Market to Reach $186.9 Billion by 2026
- The proliferation of all forms of eyewear across the globe has traditionally been driven by the rise in the number of individuals requiring vision correction and by the rising emphasis placed on eye protection. With the increasing number of cases of visual impairments due to myopia, hyperopia, presbyopia and astigmatism growing across the world, demand for eyeglasses and other vision correction modalities continues to grow. Prescription glasses market remains buoyant despite the high market penetration in most geographic regions, primarily due to demographic factors such as the urbanization, increase in per capita incomes, increasing access to healthcare, burgeoning ageing population, and the increasing incidence and prevalence of diabetes. Lifestyle conditions represent another major factor, with the increasing rate of office jobs, rising frequency of travel, and higher usage of electronics devices/appliances leading to a dramatic increase in exposure to harmful radiation from personal computers, smartphones, tablet PCs, televisions, CFL bulbs, and LEDs. Despite the high popularity of contact lenses as an alternative to spectacles, eyeglasses market continues to hold its own partly due to the ease of use of associated with eyeglasses compared to contact lenses, as well as the improvement in technological and aesthetic qualities of eyeglass lenses and frames. Due to the low access to eye-testing facilities providing prescriptions, developing countries continue to be underpenetrated compared to developed economies. The improving public and private healthcare infrastructure in developing markets is therefore expected to benefit the prescription eyeglasses market in the near future.
- Amid the COVID-19 crisis, the global market for Eyeglasses estimated at US$149.6 Billion in the year 2022, is projected to reach a revised size of US$186.9 Billion by 2026, growing at a CAGR of 5% over the analysis period. Lenses, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$76.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Frames segment is readjusted to a revised 5.8% CAGR for the next 7-year period. While prescription eyeglass lenses and frames are purchased as a single unit, changes in prescription lead to higher frequency of replacement of the lens, as a result of which the lenses product segment contributes a greater share of volume and value sales in the overall eyeglasses market.

The U.S. Market is Estimated at $41.8 Billion in 2022, While China is Forecast to Reach $20.2 Billion by 2026
- The Eyeglasses market in the U.S. is estimated at US$41.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.2 Billion by the year 2026 trailing a CAGR of 7.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. North America and Western Europe are relatively mature market for eyeglasses, given the high levels of consumer awareness about eyewear and the prescription-driven nature of the market, coupled with higher uptake of sunglasses. Consumers in North America show a high affinity for premium, fashionable and branded eyeglass frames and sunglasses fitted with lenses with UV-filter, anti-glare, and scratch-proof coatings. Europe`s higher contribution to the worldwide eyeglass in terms of value sales is due to higher consumption of high-end and high-priced products, and high brand awareness among consumers. The market is witnessing an increasing trend towards online retail of eyewear products. The strong presence of leading industry players such as Safilo Group and Luxottica Group also presents favorable prospects for the European eyewear market. Growth in Asia-Pacific region is being spearheaded by emerging economies such as China and India with high population density and increasing eyewear penetration.

Sunglasses Segment to Reach $50.1 Billion by 2026
- While polarized sunglasses account for about a fifth of overall sunglass shipments, plano sunglasses represent one of the fastest-emerging product segments. Consumers are also migrating from traditional non-polarized sunglasses to more expensive polarized sunglasses, which filter out horizontal polarized light, and thereby enable visual sharpness and protect eye health. Plano sunglasses are not fitted with Rx lenses, and therefore are driven by fashion trends as well as the need to protect the eyes from ultraviolet radiations, rather than prescriptions. In the global Sunglasses segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31.6 Billion will reach a projected size of US$41.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.8 Billion by the year 2026, while Latin America will expand at a 5% CAGR through the analysis period.

Select Competitors (Total 488 Featured) -

  • Carl Zeiss AG
  • De Rigo S.p.A.
  • Essilor International S.A.
  • Hoya Corporation
  • Indo Optical S.L.U.
  • Luxottica Group S.p.A.
  • Oakley Inc.
  • Rodenstock GmbH
  • Safilo Group S.p.A.
  • TEK Optical Canada

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on