Eye Glasses Market - Global Forecast to 2023
The global eye glasses market is expected to reach USD 34.12 Billion by 2023 from USD 30.36 Billion in 2018, at a CAGR of 2.4% from 2018 to 2023. Growth in the global eye glasses market is mainly driven by factors such as technological advancements in lens materials, increasing geriatric population & related eye diseases, and growing awareness about eyesight correction.
- 2017 – Base Year
- 2018 – Estimated Year
- 2023 – Projected Year
Objectives of the Study
- To define, describe, and forecast the global eye glasses market on the basis of product and region
- To provide detailed information regarding the major factors influencing the growth of the eye glasses market (drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the eye glasses market for stakeholders and provide details of the competitive landscape for market leaders
- To profile the key players in this market and comprehensively analyze their market shares and core competencies
- To forecast the market size of the global eye glasses market with respect to four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World.
- To track and analyze competitive developments such as merger, acquisitions, product developments, agreements, partnerships, collaborations, and expansions in the eye glasses market
Research Methodology
Top-down and bottom-up approaches are used to validate the size of the global eye glasses market and estimate the size of various other dependent submarkets. Major players are identified through secondary research, and their market revenues are determined through primary and secondary research. Secondary research is included the study of International Council of Ophthalmology (ICO), American Academy of Ophthalmology (AAO), American Optometric Association (AOA), All India Ophthalmological Society (AIOS), European Board of Ophthalmology (EBO), Asia Pacific Academy of Ophthalmology, and the annual & financial reports of top market players, whereas primary research is included extensive interviews with the key opinion leaders such as CEOs, directors, and marketing executives. The percentage splits, shares, and breakdowns of the product markets are determined using secondary sources and verified through primary sources. All possible parameters that affect the market are covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and present in this report.
The prominent players in the global eye glasses market are CooperVision (US), Essilor International S.A. (France), Carl Zeiss Meditec (Germany), Oakley, Inc. (US), Luxottica Group (Italy), Indo Optical S.L.U. (Spain), Hoya Corporation (Japan), Bausch + Lomb (US), Safilo Group S.p.A. (Italy), and TEK Optical Inc. (Canada).
Target Audience
- Eye glass manufacturers
- Suppliers and distributors of eye glass lenses
- Original Equipment Manufacturers (OEMs)
- Ophthalmologists
- Healthcare service providers (including hospitals, independent physicians, and private eye care centers)
- Medical institutes
- Health insurance players
- Research and consulting firms
Scope of the Report
This research report categorizes the global eye glasses market into the following segments:
Eye Glasses Market, By Product
- Eye Glass Lens, By Type
- Aspheric
- Bifocal & Trifocal
- Digital Lenses
- Photochromic
- Polarized
- Single Vision
- Progressive
- Sunglass Lenses
- Others
- Eye Glass Lens, By Coating
- Non Coated
- Anti-reflective
- Blue Light Reduction
- Scratch Resistant
- UV Protection
- Tinted
- Mirror Coatings
- Others
- Eye Glass Lens, By Material
- Plastic
- Glass
- MHI & Polycarbonate Lenses
Eye Glasses Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific (RoAPAC)
- Rest of the World (ROW)
- Latin America
- Middle East and Africa
Available customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of each company
Market Size Analysis
- Further breakdown of the RoAPAC eye glasses market in South Korea, Australia, New Zealand, and other countries
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Sources
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions for the Study
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.3 Regulatory Analysis
7 Eye Glasses Market, By Product, 2016-2023 (USD Million)
7.1 Introduction
7.2 Eye Glass Lens, By Type
7.2.1 Aspheric
7.2.2 Bifocal & Trifocal
7.2.3 Digital Lenses
7.2.4 Photochromic
7.2.5 Polarized
7.2.6 Single Vision
7.2.7 Progressive
7.2.8 Sunglass Lenses
7.2.9 Others
7.3 Eye Glass Lens, By Type
7.3.1 Prescription (Rx) Eyeglasses
7.3.2 Plano Sunglasses
7.3.3 Over-The-Counter (OTC) Readers
7.3.9 Others
7.4 Eye Glass Lens, By Coating
7.4.1 Non Coated
7.4.2 Anti-Reflective
7.4.3 Blue Light Reduction
7.4.4 Scratch Resistant
7.4.5 UV Protection
7.4.6 Tinted
7.4.7 Mirror Coatings
7.4.8 Others
7.5 Eye Glass Lens, By Material
7.5.1 Plastic
7.5.2 Glass
7.5.3 Mhi & Polycarbonate Lenses
8 Eye Glasses Market, By Region/Country, 2016-2023 (USD Million)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe (RoE)
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific (RoAPAC)
8.5 Latin America
8.6 Middle East & Africa
9 Competitive Landscape
9.1 Overview
9.2 Market Share Analysis
9.3 Competitive Situation and Trends
9.3.1 New Product Launches
9.3.2 Agreements, Collaborations, & Partnerships
9.3.3 Mergers & Acquisitions
9.3.4 Expansions
10 Company Profiles*
(Business Overview, Key Financials, Products Offerings, Recent Developments, SWOT Analysis, and MnM View)
10.1 Carl Zeiss
10.2 Essilor International S.A.
10.3 Oakley, Inc.
10.4 Luxottica Group
10.5 Indo Optical S.L.U.
10.6 Hoya Corporation
10.7 Safilo Group S.P.A.
10.8 Tek Optical Inc.
10.9 Bausch + Lomb
10.10 Coopervision
11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Other Developments
11.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.5 Introducing RT: Real-Time Market Intelligence
11.6 Available Customizations
11.7 Related Reports
*List of Companies is Subject to Change During the Course of the Study.
*Details on Key Financials and Growth Strategy Might Not Be Captured in Case of Unlisted Companies.
*SWOT Analysis Will Be Provided for Top-5 Companies Only
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Growth opportunities and latent adjacency in Eye Glasses Market