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The global prescription sunglasses market size was valued at USD 6.67 billion in 2024. The market is projected to grow from USD 6.95 billion in 2025 to USD 9.44 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. Europe dominated the prescription sunglasses market with a market share of 38.98% in 2024.
Prescription sunglasses offer both correction and protection properties at the same time. As a result, they are designed for individuals who need optical correction (such as eyeglasses) and want to shield their eyes from harmful ultraviolet (UV) rays.
The market is anticipated to grow, driven by the growing awareness of UV protection among patients with vision disorders and refractive errors. This is expected to fuel the demand for such products across the globe. Moreover, the surge of online optical stores and the integration of artificial intelligence (AI) in lens fitting are also contributing to the market expansion.
Key players in the market include Carl Zeiss Meditec AG, EssilorLuxottica, and SAFILO GROUP S.P.A. These companies are expanding their product portfolio and distribution network to gain a significant portion of the market.
Rising Burden of Ocular Disorders to Propel Market Expansion
The increasing burden of ocular diseases such as myopia and presbyopia, especially among children and adolescents, and reluctance among the general population toward vision correction are leading to a large population base suffering from vision impairment globally. Additionally, untreated refractive errors are among the leading causes of vision impairment and blindness globally.
Additionally, the focus of major players on emerging markets is also anticipated to increase the penetration of such products in high-potential markets such as China, India, and Brazil, which is expected to drive the global prescription sunglasses market growth.
Limited Reimbursement for Eyewear Products May Hamper Market Growth
In many developing and developed countries, the majority of the insurance providers do not cover sunglasses or any other prescription glasses in medical insurance policies. For instance, the U.S. Centers for Medicare and Medicaid Services does not offer coverage for eyeglasses and contact lenses. It only provides partial coverage for corrective lenses if the patient has undergone cataract surgery to implant an intraocular lens.
In India, National Insurance Company Limited products such as spectacles, sunglasses, contact lenses, hearing aids, and cochlear implants are excluded from coverage. This may lead patients to pay out-of-pocket costs for such products. In such a scenario, the limited coverage for prescription sunglasses may deter their usage among individuals who are not able to pay out-of-pocket costs.
Rising Myopia Cases and Innovation Fuels Market Growth
The market in emerging nations is rising due to the increasing awareness of prescription sunglasses, entry of major players, and increasing cases of myopia and other ophthalmic disorders. This is mainly due to the growing demand for consumers' high quality and technologically advanced products in India and China due to a large patient pool. Such a scenario offers high potential for key players for their product growth. Moreover, prominent companies are shifting from traditional distribution models toward omnichannel models.
This distribution model enables companies to market their products directly to customers via online channels. This is expected to represent a significant opportunity for key players to cater to untapped markets in developing regions.
High Costs of Prescription Sunglasses May Hamper Market Growth
Prescription sunglasses typically cost more than regular sunglasses or other prescription eyewear products. These costs are significantly high due to lens customization and the use of high-quality materials, which may limit accessibility and adoption in price-sensitive regions.
Moreover, the tariffs imposed on imported eyewear components, including sunglasses, particularly between the U.S., Europe, and China, are anticipated to increase the prices of these products.
Key players are also facing stricter import/export rules in such countries, which is expected to hamper product adoption and hinder market growth.
Merging of Fashion and Function to Emerge as the Latest Market Trend
Currently, prescription sunglasses are considered as smart wearables. Integration with bluetooth and augmented reality functionalities is opening new applications of such products in fitness, entertainment, and hands-free communications.
Additionally, these sunglasses are part of high-end fashion collections, influenced by collaborations among luxury brands and optical giants. Moreover, key players are focused on designing new product lines to increase product diversification with higher availability in the market.
Moreover, a shift toward the utilization of sustainable materials such as recycled plastics, bio-acetate, and bamboo in frames is gaining traction. Users, especially millennials and Gen Z, are opting for eco-friendly brands.
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COVID-19 Lockdowns Disrupted Supply Chains Resulting in Market Decline
The COVID-19 pandemic witnessed a negative impact on the global market in 2020. The eyewear industry heavily relies on the global supply chain, particularly from manufacturing hubs such as China. As a result, the lockdown restrictions and closure of many factories during the pandemic disrupted the supply chain and led to a product shortage. Moreover, the reduced number of patient visits to ophthalmologists also leads to decreased prescriptions, thereby declining the product’s adoption rate. Such a scenario led to negative growth in 2020 due to the pandemic.
However, the relaxation of pandemic restrictions led to a gradual rise in patient visits for eye examinations and an increase in the production and supply of products. This helped the market regain its momentum in 2021 and 2022.
Popularity of Rectangular Frame as a Fashionable Option Fuel Segment Growth
Based on frame style, the market is classified into round, square, aviator, rectangle, and others.
The rectangle segment dominated the market in 2024, attributable to the high preference for this shape among aged individuals as well as young adults, encouraging major players to introduce new models. As a result, this is boosting its availability globally, contributing to the segment’s expansion.
The square shape accounted for the second-largest share of the global market in 2024. Square frames can enhance both round and angular face shapes, adding definition and balance. Additionally, the popularity of square sunglasses is influenced by their presence in pop culture and fashion trends, which is expected to fuel the segment's growth.
Rising Awareness of UV Protection Boosted Non-Polarized Segment Growth
Based on lens type, the market is classified into polarized and non-polarized.
The non-polarized segment dominated the market in 2024. In countries with high sunlight, non-polarized sunglasses provide essential UV protection and vision correction, making them a viable and fashionable choice for many users. Such a scenario is anticipated to drive the segment growth in the forthcoming years.
The polarized segment held a substantial market share in 2024. The visual clarity offered by polarized lenses has made them a popular choice for individuals spending a lot of time outdoors or having specific needs for enhanced vision.
High Prevalence of Myopia Fueled Segment Growth
Based on application, the market is classified into myopia, hyperopia, and others.
The myopia segment dominated the market in 2024. The growth is attributed to the increasing detection rate of myopia (nearsightedness) among the majority of the global population. This is increasing the recommendation of prescription glasses, including sunglasses, for individuals who spend most of their time outdoors.
The hyperopia segment held the second-largest market share in 2024. The growth is attributed to the increasing incidence of hyperopia in recent years. People with hyperopia often need to wear glasses for close vision, and prescription sunglasses help them maintain clear vision in bright outdoor conditions.
Strategic Initiatives by Key Players Fueled Retail Store Segment Growth
Based on distribution channel, the market is segmented into retail store, online store, and ophthalmic clinics.
The retail stores segment dominated the market in 2024 due to the strong emphasis of key market players on the acquisition of shares in the retail outlets of eyewear products to increase the supply of sunglasses.
The online stores segment is projected to expand at the highest CAGR in the forthcoming years. This is highly attributed to the increasing sale of sunglasses due to the rapid growth in online delivery, which provides customers access to top brands. Moreover, several online stores have started providing branded sunglasses, including prescription ones from prominent market players.
The ophthalmic clinics segment is projected to grow at a significant rate during the forecast period. The increasing diagnostic rate of vision issues through ophthalmologists is expected to fuel the sale of eyewear products, such as prescription sunglasses, through these channels, which is expected to drive the segment’s growth in the coming years.
By region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Europe Prescription Sunglasses Market Size, 2024 (USD Billion)
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Europe dominated the prescription sunglasses market share in 2024 and stood at USD 2.60 billion. The growth was due to the strong fashion culture in Germany, France, and Italy, which is propelling the demand for prescription sunglasses. Moreover, the presence of leading distributors in these countries is also increasing product availability.
North America accounted for the second-largest market share in 2024. The market is expanding primarily due to greater patient awareness of vision correction treatments and higher penetration of eyewear products, including prescription sunglasses, in developed countries.
In the U.S., the strong presence of industry giants and early adoption of wearable tech is projected to drive the country’s market growth during the forecast period.
Asia Pacific accounted for the third-largest market share in 2024. Increasing middle-class income and booming e-commerce platforms are making prescription sunglasses more accessible in India and Southeast Asian countries. The rising prevalence of ocular diseases in the region is expected to contribute to the high penetration of such products for vision correction.
The Latin American market is expected to grow significantly during the forecast period. The growth can be attributed to the increasing healthcare expenditure in Brazil, which may have contributed to the affordability of prescription sunglasses with increasing fashion trends.
The increasing awareness about sun protection in the Middle Eastern region is driving the demand for the utilization of sunglasses, including prescribed ones. In addition, the rising number of ophthalmologists in the region is contributing to the high diagnostic rate and recommendation of sunglasses in the region.
Key Players Focus on Implementation of Strategic Initiatives to Increase Their Market Share
The market is fragmented, with many companies, including Carl Zeiss Meditec AG and EssilorLuxottica, accounting for substantial global market share. The dominance of these companies is attributable to the increasing number of product launches and strategic collaborations with other players to strengthen their market positions.
Fielmann AG, SAFILO GROUP S.P.A., and others, are focusing on strengthening their distribution network and launching e-commerce websites to increase product reach and sales globally. This is expected to improve their market share during the forecast period.
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ATTRIBUTE |
DETAILS |
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Study Period |
2019-2032 |
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Base Year |
2024 |
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Estimated Year |
2025 |
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Forecast Period |
2025-2032 |
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Historical Period |
2019-2023 |
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Growth Rate |
CAGR of 4.5% from 2025-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
By Frame Style
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By Lens Type
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By Application
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By Distribution Channel
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By Region
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Fortune Business Insights says that the global market value stood at USD 6.67 billion in 2024 and is projected to reach USD 9.44 billion by 2032.
In 2024, the market value stood at USD 2.60 billion.
The market is expected to exhibit a CAGR of 4.5% during the forecast period.
The rectangle segment leads the market by frame style.
The key factors driving the market are the increasing prevalence of ocular diseases and increasing fashion trends among users.
Carl Zeiss Meditec AG and EssilorLuxottica are the top players in the market.
Europe dominated the market in 2024 in terms of share.
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