U.S. Reading Glasses Market Size to be Worth USD 22.56 Billion by 2030; Growing Preference for Online Channels to Purchase Product to Boost Market Growth

The U.S. reading glasses market size touched USD 14.91 billion in 2022 and is predicted to reach USD 15.56 billion in 2023. The market is anticipated to touch USD 22.56 billion by 2030, recording a CAGR of 5.4% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “U.S. Reading Glasses Market Size, Share & COVID-19 Impact Analysis, By Age Group (Less than 18 Years, 18-64 Years, and 65 Years and Older), By Corrective Strength (+0.25 to +2, +2.25 to +3, and Greater than +3), By Type (Prescription and Over-the-Counter (OTC)), and Forecast, 2023-2030”.

The hectic lifestyle followed by people living in cities has taken a major toll on their overall physical health. The number of individuals in the U.S. suffering from major eye disorders is growing at a worrying rate each year due to sedentary lifestyle, excessive screen time, and poor dietary habits. In addition, the percentage of the elderly population is growing a strong pace across the country every year. This factor increases their risk of being diagnosed with several eye-related ailments. Companies operating in this market are also increasing their focus on introducing glasses that are equipped with the latest technologies and offer great comfort. These factors are expected to further accelerate the U.S. reading glasses market growth.

Reduced Access to Optometric Services During COVID-19 Slowed Market Growth

The coronavirus pandemic had a negative influence on this market as many leading companies operating in this industry witnessed a major drop in their revenue margins. Moreover, patients were unable to gain access to optometric services as governments had imposed lockdowns and several other restrictions. Many surveys and research studies showed that a vast majority of the country’s population had missed their eye tests due to the outbreak. Moreover, many companies had closed their manufacturing plants to abide by the government-enforced social distancing rules. These factors had a negative impact on the market’s progress.

Growing Preference for Online Channels to Purchase Product to Boost Market Growth

Online shopping platforms witnessed a significant rise in the volume of purchase of various eye-care products in recent years. Customers are opting for these channels as they not only offer a wide variety of reading glasses but also offer these products at affordable prices. According to statistics published by the Vision Council in 2021, nearly 12.9% of purchases of prescription glasses were done from online platforms in the U.S. Many eyewear manufacturers are realizing the potential of online buying channels and opening their own virtual shops to expand their customer base. These developments are estimated to fuel the U.S. reading glasses market share during the forecast period.

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https://www.fortunebusinessinsights.com/industry-reports/u-s-reading-glasses-market-100969

Competitive Landscape:

Market Players to Launch Advanced Products and Increase Distribution Channels to Cement Market Position

As far as the market’s competitive landscape is concerned, it comprises both well-known as well as budding organizations that are trying various measures to expand their presence. This factor is expected to create a vast portfolio of reading glasses that can cater to several diverse needs of clients. A growing percentage of the population in the U.S. is suffering from various eye-related disorders, which will further encourage these organizations to launch advanced eyewear. They are also collaborating with different market players to expand their distribution channels and increase their customer base.

List of Key Players Profiled in the Report

• EssilorLuxottica (France)


• ZEISS International (Germany)


• SAFILO GROUP S.P.A. (Italy)


• HOYA Corporation (Japan)


• Hilco Vision (U.S.)


• ThinOptics, Inc. (U.S.)


• ZENNI OPTICAL, INC. (U.S.)


• GUNNAR Optiks (U.S.)


• Pixel Eyewear (U.S.)


• Swanwick (U.S.)

Notable Industry Development

• February 2022 - ZEISS International announced the launch of a new design named ‘Freeform Lens’, offering high optical quality. The solution offered clear vision, which is thin and flat in structure and comes at a low cost. The launch helped the company improve its product portfolio.

Further Report Findings

• Based on age group, the 18-64 years segment secured a dominating share in 2021 and is poised to register an appreciable growth rate during the forecast period. The segment’s robust growth is due to the rising incidence of critical eye disorders.


• Based on corrective strength, the +0.25 to +2 segment is expected to record substantial growth throughout the forecast period. The surge can be attributed to the escalating product demand and increasing population base in the U.S. suffering from several eye-related disorders.


• On the basis of type, the prescription segment is slated to register commendable growth rate during the analysis period. The segment’s growth can be credited to the rising preference for prescription glasses due to their accurate and personalized corrective strength.

Table of Segmentation