Growth Drivers
Rising cases of workplace hazards
Increasing workplace injuries owing to lack of safety provisions have heightened the requirement for eye protection in end-use industries. According to the American Academy of Ophthalmology’s 2017 press release, every day around 2,000 U.S. workers bear a job-related eye injury that involves medical treatment but 90 percent of these mishaps can be evaded by wearing eye protection. Workplace eye damages cost more than $300 million a year in lost productivity, treatment process, and compensation which significantly contributes towards the overall market growth.
Additionally, the availability of several types of eye equipment such as goggles, visors, and spectacles as per the job safety obligation is positively impacting the market growth. Producers in the form of customization, are providing safety eyewear intended to embed normal specs into the goggles for consumers who need corrected vision lenses. Apart from this customization, manufacturers are making features such as cushioned brows, comfortable gel nosepieces, or padded nose bridges to deliver the workers sufficient comfort so that they can wear the goggles all through the day. This, in turn, is expected to boost the overall market growth.
Challenges
Lack of obligatory regulations and low significance given for employee safety in some regions are the major restraints for the global prescription safety glasses market during the forecast period.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
4.2% |
Base Year Market Size (2023) |
USD 1.38 billion |
Forecast Year Market Size (2036) |
USD 2.36 billion |
Regional Scope |
|
Author Credits: Rajrani Baghel
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