Spectacle Lens - Worldwide

The global spectacle lens market size is calculated at USD 50,131 million in 2024 and is predicted to reach around USD 75,646 million by 2034, expanding at a CAGR of 4.2% from 2024 to 2034.

There are numerous domestic and foreign competitors in the fiercely competitive eyewear sector. Products on the spectacle lens market include prescription and over-the-counter eyewear, as well as frames and lenses. Eyeglasses or spectacles provide vision correction for those with ocular conditions such as astigmatism, hypermetropia, and myopia. Due to the growing frequency of visual impairment and growing knowledge of ocular illnesses, people in the contemporary market frequently wear spectacles. Furthermore, both developed and developing nations have adopted spectacles as a fashion statement in recent years due to the emergence of high-end eyewear and spectacles. Ocular disorders like astigmatism, hypermetropia, myopia, and others are becoming more commonplace worldwide.

The reliance on technology, including computers, laptops, and cell phones, has grown during the last several years. As a result, the prevalence of eye conditions linked to extended use of the aforementioned technologies has increased. However, people have begun wearing glasses with a reflective coating as a result of growing awareness campaigns about the drawbacks of technology. The blue light that laptop, computer, and mobile phone screens generate is shielded from the user's eyes by these reflecting coatings. A report in the Asia Pacific Journal of Ophthalmology claims that East Asian nations have a noticeably greater prevalence of myopia. The article claims that between 80% and 90% of adults in these nations have myopia.