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Spectacles Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jan 01, 2025
Length 120 Pages
SKU # FOB19554801

Description

Growth Factors of Spectacles Market

The spectacles market size was valued at USD 91.56 billion in 2018, and the market is now projected tgrow from USD 208.53 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2019-2026.

Increasing screen time from computers and mobile devices is driving a rise in ocular disorders, boosting demand for spectacles with reflective coatings. East Asia shows high myopia rates, affecting 80%-90% of adults. The growing elderly population globally is further driving spectacle demand. Online and retail availability is enhancing accessibility. Progressive lenses are contributing tspectacles market growth.

Declining preference for contact lenses and rising LASIK surgeries in the U.S. have increased demand for prescription spectacles. In developed countries, more individuals are choosing spectacle frames as fashion accessories. These trends are expected tboost the spectacles market share.

Comprehensive Analysis of Spectacles Market

The spectacles market and healthcare industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by product type, by modality and by distribution channel. The product type includes, Spectacles Frames and Spectacle Lenses. The modality includes, Prescription and Over-the-counter. The distribution channel includes, Retail Store, Online Store and Ophthalmic Clinics.

North America led with USD 27.59 billion in 2018 and is expected tdominate the market. High awareness of ocular disorders and growing acceptance of vision care products drive growth. Rising demand for premium eye care and fashionable frames boosts market value. Increased affordability further supports expansion.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, EssilorLuxottica, Carl Zeiss, Fielmann AG, SafilGroup S.p.A., HOYA Corporation, Zenni Optical, Inc., Johnson and Johnson Vision, Ciba Vision, Warby Parker and Other prominent players. These market players provide a level-playing competitive landscape.

In July 2019, EssilorLuxottica revealed that the company is interested in acquiring 76.72% of shares in GrandVision, an optical retailer from the Netherlands for approximately USD 8.8 billion.

Segmentation Table

Global Spectacles Market Scope

Study Period 2015-2026

Base Year 2018

Forecast Period 2019-2026

Growth Rate CAGR of 6.1% from 2019 t2026

Historical Period 2015-2017

Unit Value (USD billion)

Segmentation By Product Type, Modality, Distribution Channel and Geography

By Product Type

Spectacle Frames

Spectacle Lenses

By Modality

Prescription

Over-the-counter

By Distribution Channel

Retail Store

Online Store

Ophthalmic Clinic

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Table of Contents

120 Pages
1. 1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
4.2. Key Trends in the Spectacles Market
4.3. Epidemiology of Ocular Disorders- For Key Countries
4.4. Introduction of New Products / Approvals (by Major Players)
4.5. Snapshot: Global Eyewear Market
5. Global Spectacles Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product Type
5.2.1. Frames
5.2.2. Lenses
5.3. Market Analysis, Insights and Forecast – By Modality
5.3.1. Prescription
5.3.2. Over-the-counter
5.4. Market Analysis, Insights and Forecast – By Distribution Channel
5.4.1. Retail Stores
5.4.2. Online Stores
5.4.3. Ophthalmic Clinics
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Spectacles Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis – By Product Type
6.2.1. Frames
6.2.2. Lenses
6.3. Market Analysis – By Modality
6.3.1. Prescription
6.3.2. Over-the-counter
6.4. Market Analysis – By Distribution Channel
6.4.1. Retail Stores
6.4.2. Online Stores
6.4.3. Ophthalmic Clinics
6.5. Market Analysis – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Spectacles Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis – By Product Type
7.2.1. Frames
7.2.2. Lenses
7.3. Market Analysis – By Modality
7.3.1. Prescription
7.3.2. Over-the-counter
7.4. Market Analysis – By Distribution Channel
7.4.1. Retail Stores
7.4.2. Online Stores
7.4.3. Ophthalmic Clinics
7.5. Market Analysis – By Country/Sub-region
7.5.1. U.K.
7.5.2. Germany
7.5.3. France
7.5.4. Spain
7.5.5. Italy
7.5.6. Scandinavia
7.5.7. Rest of Europe
8. Asia pacific Spectacles Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.2. Market Analysis – By Product Type
8.2.1. Frames
8.2.2. Lenses
8.3. Market Analysis – By Modality
8.3.1. Prescription
8.3.2. Over-the-counter
8.4. Market Analysis – By Distribution Channel
8.4.1. Retail Stores
8.4.2. Online Stores
8.4.3. Ophthalmic Clinics
8.5. Market Analysis – By Country/Sub-region
8.5.1. Japan
8.5.2. China
8.5.3. India
8.5.4. Australia
8.5.5. Southeast Asia
8.5.6. Rest of Asia Pacific
9. Latin America Spectacles Market Analysis, Insights and Forecast, 2015-2026
9.1. Key Findings / Summary
9.2. Market Analysis – By Product Type
9.2.1. Frames
9.2.2. Lenses
9.3. Market Analysis – By Modality
9.3.1. Prescription
9.3.2. Over-the-counter
9.4. Market Analysis – By Distribution Channel
9.4.1. Retail Stores
9.4.2. Online Stores
9.4.3. Ophthalmic Clinics
9.5. Market Analysis – By Country/Sub-region
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East & Africa Spectacles Market Analysis, Insights and Forecast, 2015-2026
10.1. Key Findings / Summary
10.2. Market Analysis – By Product Type
10.2.1. Frames
10.2.2. Lenses
10.3. Market Analysis – By Modality
10.3.1. Prescription
10.3.2. Over-the-counter
10.4. Market Analysis – By Distribution Channel
10.4.1. Retail Stores
10.4.2. Online Stores
10.4.3. Ophthalmic Clinics
10.5. Market Analysis – By Country/Sub-region
10.5.1. GCC Countries
10.5.2. South Africa
10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis (2018)
11.3. Competition Dashboard
11.4. Comparative Analysis – Major Players
11.5. Company Profiles
11.5.1. EssilorLuxottica
11.5.1.1. Overview
11.5.1.2. Products & Services
11.5.1.3. SWOT Analysis
11.5.1.4. Recent Developments
11.5.1.5. Strategies
11.5.1.6. Financials
11.5.2. Carl Zeiss AG
11.5.2.1. Overview
11.5.2.2. Products & Services
11.5.2.3. SWOT Analysis
11.5.2.4. Recent Developments
11.5.2.5. Strategies
11.5.2.6. Financials
11.5.3. Fielmann AG
11.5.3.1. Overview
11.5.3.2. Products & Services
11.5.3.3. SWOT Analysis
11.5.3.4. Recent Developments
11.5.3.5. Strategies
11.5.3.6. Financials
11.5.4. Safilo Group S.p.A
11.5.4.1. Overview
11.5.4.2. Products & Services
11.5.4.3. SWOT Analysis
11.5.4.4. Recent Developments
11.5.4.5. Strategies
11.5.4.6. Financials
11.5.5. HOYA Corporation
11.5.5.1. Overview
11.5.5.2. Products & Services
11.5.5.3. SWOT Analysis
11.5.5.4. Recent Developments
11.5.5.5. Strategies
11.5.5.6. Financials
11.5.6. Zenni Optical, Inc.
11.5.6.1. Overview
11.5.6.2. Products & Services
11.5.6.3. SWOT Analysis
11.5.6.4. Recent Developments
11.5.6.5. Strategies
11.5.6.6. Financials
11.5.7. Johnson and Johnson Vision
11.5.7.1. Overview
11.5.7.2. Products & Services
11.5.7.3. SWOT Analysis
11.5.7.4. Recent Developments
11.5.7.5. Strategies
11.5.7.6. Financials
11.5.8. Ciba Vision
11.5.8.1. Overview
11.5.8.2. Products & Services
11.5.8.3. SWOT Analysis
11.5.8.4. Recent Developments
11.5.8.5. Strategies
11.5.8.6. Financials
11.5.9. Warby Parker
11.5.9.1. Overview
11.5.9.2. Products & Services
11.5.9.3. SWOT Analysis
11.5.9.4. Recent Developments
11.5.9.5. Strategies
11.5.9.6. Financials
11.5.10. Other Prominent Players
12. Strategic Recommendations
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