Market Overview:
The global prescription glasses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of vision problems, rising awareness about eye care, and technological advancements in the field of ophthalmology. By type, the global prescription glasses market is segmented into single vision prescription glasses and progressive prescription glasses. Single vision prescription glasses are further sub-segmented into unifocal and bifocal lenses. Progressive lenses are used to correct presbyopia, a condition that affects near vision as people age. By application, hospitals accounted for the largest share of the global prescription glasses market in 2017 owing to increasing demand for corrective surgeries and growing awareness about eye care among patients worldwide.
Product Definition:
Prescription glasses are eyeglasses that have been prescribed by an optometrist or ophthalmologist to correct a person's vision. They can be used to correct nearsightedness, farsightedness, astigmatism, and other vision problems.
Single Vision Prescription Glasses:
Single vision prescription glasses are also known as bifocal, trifocal or monovision glasses. They are used for the purpose of focusing on one object as compared to two objects at a time. The single vision prescription glass is designed in such a way that it has only one lens which can be changed from near to far focus by altering its position in the frame. It offers advantages such as increased peripheral vision and better accuracy while reading and writing etc.
Progressive Prescription Glasses:
Progressive prescription glasses are also known as step 2 or second-step lenses. They are a modified version of the original progressive lens and offer additional benefits such as reduced astigmatism, increased nearsightedness limit, improved corneal shape & quality, less light absorption in the case of cataract patients and more comfortable for people with myopia.
Application Insights:
Based on application, the global prescription glasses market is segmented into hospitals, ophthalmology clinics/departments, household and others. Hospitals held the largest share in 2017 owing to increasing prevalence of visual impairment caused by cataract and other eye diseases coupled with rising healthcare expenditure globally. According to WHO, in 2016 around 1.3 billion people were affected by cataract worldwide which resulted in blindness for more than 200,000 individuals every year.
The household segment is expected to witness significant growth over the forecast period due to growing awareness about vision correction among consumers as well as healthcare professionals at domestic level who have access to patients¢â‚¬â„¢ records such as family history or genealogy that may contain information related to eye health.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of eye diseases, high purchasing power of consumers, and availability of a wide range of frames & lenses in this region. Moreover, growing awareness about vision correction procedures is also expected to drive the regional market over the forecast period. Europe accounted for a significant share in terms of revenue due to rising ophthalmic disorders coupled with high disposable income and consumer awareness about these glasses.
Asia Pacific is expected to grow at an exponential rate during the forecast period owing to untapped opportunities and rapidly improving healthcare infrastructure & facilities along with economic development in this region which will lead towards increased adoption rates for advanced treatment options such as prescription glasses over time which would further boost growth prospects during the forecast period. In addition, countries such as China are witnessing rapid growths due to increasing disposable income levels among consumers along with government support aimed at promoting medical tourism activities that would result into higher sales volumes over time.
Growth Factors:
- Increasing prevalence of vision problems and eye disorders: The increasing prevalence of vision problems and eye disorders is one of the key growth drivers for the prescription glasses market. According to a study by The Vision Council, around 75% of American adults require some form of corrective eyewear. This high demand for corrective eyewear is expected to drive the growth of the prescription glasses market in the coming years.
- Rising awareness about eye health: There has been a rising awareness about eye health in recent years, which has led to an increase in demand for corrective eyewear such as prescription glasses. This growing awareness about the importance of good vision has helped to fuel the growth of the prescription glasses market worldwide.
- Technological advancements: The advancement in technology has led to innovative products being launched in the prescription glasses market, thereby driving its growth globally. For instance, companies are now offering prescriptive sunglasses that can be used both indoors and outdoors depending on weather conditions and personal preferences. Such technological advancements are helping to boost sales figures for manufacturers operating in this space, thereby propelling overall market growth as well..
Scope Of The Report
Report Attributes
Report Details
Report Title
Prescription Glasses Market Research Report
By Type
Single Vision Prescription Glasses, Progressive Prescription Glasses
By Application
Hospitals, Ophthalmology Clinics, Household, Others
By Companies
Essilor International, Johnson & Johnson, CooperVision Inc, Hoya Corporation, Carl Zeiss AG, Bausch & Lomb Inc, Alcon, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Prescription Glasses Market Report Segments:
The global Prescription Glasses market is segmented on the basis of:
Types
Single Vision Prescription Glasses, Progressive Prescription Glasses
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ophthalmology Clinics, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Essilor International
- Johnson & Johnson
- CooperVision Inc
- Hoya Corporation
- Carl Zeiss AG
- Bausch & Lomb Inc
- Alcon, Inc.
Highlights of The Prescription Glasses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Vision Prescription Glasses
- Progressive Prescription Glasses
- By Application:
- Hospitals
- Ophthalmology Clinics
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Prescription Glasses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Prescription glasses are eyeglasses that have been prescribed by a doctor.
Some of the key players operating in the prescription glasses market are Essilor International, Johnson & Johnson, CooperVision Inc, Hoya Corporation, Carl Zeiss AG, Bausch & Lomb Inc, Alcon, Inc..
The prescription glasses market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Prescription Glasses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Prescription Glasses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Prescription Glasses Market - Supply Chain
4.5. Global Prescription Glasses Market Forecast
4.5.1. Prescription Glasses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Prescription Glasses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Prescription Glasses Market Absolute $ Opportunity
5. Global Prescription Glasses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Prescription Glasses Market Size and Volume Forecast by Type
5.3.1. Single Vision Prescription Glasses
5.3.2. Progressive Prescription Glasses
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Prescription Glasses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Prescription Glasses Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Ophthalmology Clinics
6.3.3. Household
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Prescription Glasses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Prescription Glasses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Prescription Glasses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Prescription Glasses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Prescription Glasses Demand Share Forecast, 2019-2026
9. North America Prescription Glasses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Prescription Glasses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Prescription Glasses Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Ophthalmology Clinics
9.4.3. Household
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Prescription Glasses Market Size and Volume Forecast by Type
9.7.1. Single Vision Prescription Glasses
9.7.2. Progressive Prescription Glasses
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Prescription Glasses Demand Share Forecast, 2019-2026
10. Latin America Prescription Glasses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Prescription Glasses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Prescription Glasses Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Ophthalmology Clinics
10.4.3. Household
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Prescription Glasses Market Size and Volume Forecast by Type
10.7.1. Single Vision Prescription Glasses
10.7.2. Progressive Prescription Glasses
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Prescription Glasses Demand Share Forecast, 2019-2026
11. Europe Prescription Glasses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Prescription Glasses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Prescription Glasses Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Ophthalmology Clinics
11.4.3. Household
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Prescription Glasses Market Size and Volume Forecast by Type
11.7.1. Single Vision Prescription Glasses
11.7.2. Progressive Prescription Glasses
11.8. Basis Point Share (BPS) Analysis by Type 11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Prescription Glasses Demand Share, 2019-2026
12. Asia Pacific Prescription Glasses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Prescription Glasses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Prescription Glasses Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Ophthalmology Clinics
12.4.3. Household
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Prescription Glasses Market Size and Volume Forecast by Type
12.7.1. Single Vision Prescription Glasses
12.7.2. Progressive Prescription Glasses
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Prescription Glasses Demand Share, 2019-2026
13. Middle East & Africa Prescription Glasses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Prescription Glasses Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Prescription Glasses Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Ophthalmology Clinics
13.4.3. Household
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Prescription Glasses Market Size and Volume Forecast by Type
13.7.1. Single Vision Prescription Glasses
13.7.2. Progressive Prescription Glasses
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Prescription Glasses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Prescription Glasses Market: Market Share Analysis
14.2. Prescription Glasses Distributors and Customers
14.3. Prescription Glasses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Essilor International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson & Johnson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CooperVision Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hoya Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carl Zeiss AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bausch & Lomb Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alcon, Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
