Report ID: SQMIG35A2592
Report ID:
SQMIG35A2592 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
North America dominated the global reading glasses market in 2021. Reading glasses have a significant market in the United States. This can be attributed to consumers' growing awareness of the importance of vision correction and the accessibility of eyeglasses. The rising prevalence of presbyopia in the US, it is expected to hold the top spot throughout the forecast period. It's more common than ever to experience eye issues today. Myopia, also known as near sightedness, affects over 33.1% of adults and approximately 41.9% of children in the United States. Additionally, the presence of reputable businesses with extensive distribution networks, high product costs, and rising sales of reading glasses made by premium brands will all help this reading glasses market expand in this region.
Asia Pacific reading glasses market is expected to grow during the forecast period. Rising prevalence of visual difficulties is causing the growth of the region. According to recent studies in China, 65.48% of high school students have myopia. Rising low-cost and semi-premium product launches to meet the needs of the masses in developing nations is the factor facilitating the growth of the market in the region. Due to rising consumer disposable incomes, supportive government initiatives, and expanding awareness of the importance of eye care, the industry is anticipated to expand significantly in developing regions like the Asia Pacific during the forecast period.
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REQUEST FREE CUSTOMIZATIONReading Glasses Market size was valued at USD 41.12 billion in 2019 and is poised to grow from USD 43.33 billion in 2023 to USD 65.81 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).
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Report ID: SQMIG35A2592