Global Eyewear Market Trends, Forecast Report 2025-2037
Eyewear Market size is anticipated to rise from USD 115.49 billion to USD 287.47 billion, registering a CAGR of around 7.2% throughout the forecast period, between 2025 and 2037. In the year 2025, the industry size of eyewear is evaluated at USD 122.23 billion.
The market growth can be attributed to increasing prevalence of vision abnormality. According to the World Health Organization, near-sightedness or farsightedness affects at least 2.2 billion individuals worldwide. Vision impairment was either avoidable in at least 1 billion of these cases, or it has not yet been remedied.
Also people have become more aware about ocular disease. However, eyes abnormalities are most commonly seen in adults aged 40 or more. More than 4.2 million Americans over the age of 40 have impaired vision or are legally blind.
Eyewear Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Prevalence of Cataract Disease - The prevalence of cataract-related vision impairment increased worldwide by about 55% in 2019, from about 790 per 100,000 people to approximate 1250 per 100,000 people. Eyewear is necessary after cataract surgery. However, many people experience significant vision improvement there are some which would require some form of eyeglasses. Even before surgery people experience some sort of discomfort. Hence to relive that discomfort, eyewear is being used. Therefore, this factor is estimated to boost the growth of the market in the forecast period.
- Growing Geriatric Population - According to the World Health Organization, one in six individuals on the planet would be 60 or older by 2030.
- High Demand for Sunglasses - According to an estimate, approximate 160 million adults in the United States wear sunglasses on a regular basis.
- Increased in Disposable Income - In 2021, Americans' personal disposable income amounted to about USD 15 trillion.
- Growing Urbanization - By 2050, 68% of the world's population, or more than half of all people, would reside in urban regions.
Challenges
- High Price of Eyewear
- Presence of Counterfeit Products
- Unavailability of Eyewear in Rural Part
- Usually eyewear carries huge price which makes difficult for customer having low income or those who belongs to low economic countries. Also higher cost of luxurious sunglasses is expected to restrain the growth of the market over the forecast period.
Eyewear Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.2% |
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Base Year Market Size (2024) |
USD 115.49 billion |
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Forecast Year Market Size (2037) |
USD 287.47 billion |
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Regional Scope |
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Eyewear Segmentation
Product Type (Spectacles, Sunglasses, Contact Lens)
The spectacles segment in the eyewear market is anticipated to garner the largest revenue by the end of 2037, backed by increasing prevalence of myopia and hypermetropia. When compared to the previous five years, the prevalence of myopia increased by 1.4 to 3 times in 2020.
Our in-depth analysis of the global eyewear market includes the following segments:
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By Product Type |
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By Distribution Channel |
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By End User |
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Customize this ReportEyewear Industry - Regional Synopsis
Europe is projected to hold largest market share by the end of 2037, owing to growing use of contact lens along with increasing demand for sunglasses in the region. The largest percentages of people wearing contacts, at around 29% each in 2020, were in Sweden and North Macedonia. The Netherlands and Cyprus came next, each with approximate 20% of their respective populations wearing contact lenses.
Companies Dominating the Eyewear Landscape
- Johnson & Johnson Vision Care, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- EssilorLuxottica
- CooperVision
- Zeiss International
- Bausch & Lomb Inc.
- Safilo Group S.p.A.
- Charmant Inc.
- CHEMIGLAS Corp.
- Alcon Vision LLC
- De Rigo Vision S.p.A
In the News
- Johnson & Johnson Vision Care, Inc., a global leader in eye health and a division of Johnson & Johnson MedTech, has introduced its newest product, ACUVUE OASYS MAX 1-DAY contact lenses and ACUVUE OASYS MAX 1-DAY MULTIFOCAL contact lenses for presbyopia.
- CooperVision announced the launch of MyDay Energys daily disposable contact lenses to its product portfolio, with digital device use putting higher demands on the eyes than ever before. MyDay Energys, which was first included in the company's ground-breaking Biofinity Energys, is the first 1-day contact lens with a revolutionary single vision aspheric lens design.
Author Credits: Radhika Pawar
- Report ID: 268
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
