READING GLASSES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Reading Glasses Market, By Material (Plastic, Metal, Hybrid, and Others), By Type (Prescription Reading Glasses and OTC Reading Glasses), By Distribution Channel (Online Retail, Optical Stores, Supermarkets/Hypermarkets, Pharmacies, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
This market continues to grow steadily driven by the aging populations and increasing computer and smartphone usage. As more people are spending longer hours looking at digital screens, it is fueling the demand for reading glasses. The easy availability of affordable reading glasses from retailers and online channels is also supporting the market expansion.
The presence of alternative vision correction options like bifocals and progressive lenses is limiting the reading glasses sales to some extent. Many consumers prefer upgrades to more premium vision correction products as their prescriptions get stronger with age. Moreover, the inconsistent standardization of prescription strengths across regions poses challenges for manufacturers in maintaining inventory levels.
The Asia Pacific region holds tremendous growth opportunities for reading glasses suppliers over the coming years. Countries like China and India have a large elderly base that will continue needing vision aids. North America currently dominates worldwide revenues owing to early adoption of latest eyewear trends.