Eyewear Market to Grow at a CAGR of 6.7% over 2025 to 2032; Rising Awareness of Ocular Diseases to Drive Market Growth

The global eyewear market size was valued at USD 171.56 billion in 2024. The market is projected to grow from USD 181.75 billion in 2025 to USD 285.44 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Eyewear Market Size, Share & Industry Analysis, By Product Type (Spectacles {Frames and Lens}, Sunglasses {Plano and Prescription}, and Contact Lens {Toric, Multifocal, and Sphere}), By Distribution Channel (Retail Stores, Online Stores, and Ophthalmic Clinics), and Regional Forecast, 2025-2032”.

The market comprises spectacles, sunglasses, and contact lenses, offering vision correction and UV protection. Spectacles remain the preferred choice due to rising awareness of ocular diseases and increasing vision disorders such as myopia and presbyopia. Growing demand for eyewear as a fashion accessory and technological advancements in sunglasses and contact lenses are driving market growth.

The market faced a sharp decline due to the COVID-19 pandemic induced lockdowns, clinic closures, and postponed eye exams. Supply chain disruptions further impacted sales. In 2021, market recovery began as restrictions lifted and e-commerce demand surged. With industry stabilization, steady growth is anticipated from 2022 onward.

Alcon launched PRECISION7 to Combine Cost-Effectiveness of Reusable Lenses

In November 2024, Alcon introduced PRECISION7, the first 1-week replacement cycle contact lens in the U.S. Designed to combine the cost-effectiveness of reusable lenses with the ease of daily disposables, the product strengthens Alcon’s market position.

Increasing Prevalence of Ocular Disorders to Boost Market Growth

The rising prevalence of vision disorders such as myopia and presbyopia, coupled with reluctance toward vision correction, has led to a growing global population with impaired vision. Uncorrected refractive errors remain a leading cause of blindness. Increasing product availability across retail and online channels, along with rising disposable incomes in emerging markets such as India and Brazil, is driving demand for premium sunglasses. Additionally, the aging population is fueling demand for corrective eyewear, supporting overall eyewear market growth.

However, the continuous improvements in laser eye surgery are making procedures safer and more precise, limiting the demand for corrective eyewear.

Industry Participants Focus on Product Launches to Boost their Brand Reputation

The highly fragmented eyewear market witnesses EssilorLuxottica at the forefront, leveraging new product launches and partnerships. In August 2023, the company introduced the Varilux XR Series, an AI-driven lens for enhanced vision. The Cooper Companies Inc. continues to expand through R&D-driven innovation. Other key players include Carl Zeiss Meditec AG and Hoya Corporation. The rising prevalence of vision disorders and growing demand in emerging markets will fuel new market entrants by 2032.

List of Key Players Mentioned in the Report:

• Bausch + Lomb (Canada)
• Alcon (Switzerland)
• Johnson & Johnson Services, Inc. (U.S.)
• Carl Zeiss Meditec AG (Germany)
• The Cooper Companies, Inc. (U.S.)
• HOYA Corporation (Japan)
• EssilorLuxottica (U.S.)
• Fielmann AG (Germany)
• SAFILO GROUP S.P.A. (Italy)

Key Industry Development:

• January 2024: Johnson & Johnson Vision Care, Inc. collaborated with Captain Jason Chambers, who shared his ACUVUE contact lens journey with his social media audience to boost brand reputation.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/eyewear-market-101749

Further Report Findings

• In 2024, Asia Pacific generated USD 51.75 billion and is set to capture the largest eyewear market share. Growth is fueled by rising ocular disease prevalence, increasing population, and higher awareness of eye health. The availability of cost-effective products and improving disposable incomes in developing economies further support expansion. RANZCO (2022) projects that glaucoma cases in Australia will rise to 379,000 by 2025, increasing demand for vision correction solutions.
• The market is poised for steady growth in Europe, fueled by rising awareness of eye health, increasing demand for premium eye care products, and greater affordability of luxury sunglasses. The trend of fashionable eyewear adoption is further propelling market expansion in major economies such as Germany, France, and the U.K.

Table of Segmentation