Global Reading Glasses Market Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Reading Glasses Market report.
The global reading glasses market size stood at USD 34.92 billion in 2018 and is projected to reach USD 53.23 billion by 2026, exhibiting a CAGR of 5.4% during the forecast period.
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Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of the global market share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Reading Glasses Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Drivers & Restraints
Over the past few years, a demographic shift towards aging population has been witnessed across the developed regions. This is more prevalent among the population of over 40 years old. According to the World Health Organization, by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. With age, degeneration of the eyes results into visual disabilities such as difficulties in reading smaller prints or small objects clearly. The prevalence of presbyopia is increasing at a significant rate among adults. According to the American Academy of Ophthalmology, in 2015, there were 1.8 billion people (25%) with presbyopia globally. Among them, the global unmet need for presbyopia correction was 45%. Moreover, the prevalence of corneal astigmatism has been largely reported to occur among the older people. Thus, growing aging population, increasing prevalence of ocular disorders, and rising usage of mobiles, computers, and other gadgets are likely to drive the reading eyeglasses market growth during the forecast period.
Key players covered in the global Reading Glasses Market research report:
- Bausch & Lomb Incorporated.
- Carl Zeiss
- Johnson & Johnson Services, Inc.
- Hoya Corporation
- De Rigo Vision S.p.A.
- ZENNI OPTICAL, INC.
- ThinkOptic Inc
- Other prominent players
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Major Table of Contents for Reading Glasses Market Research Report:
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2017-2028
- North America Market Analysis, Insights and Forecast, 2017-2028
- Europe Market Analysis, Insights and Forecast, 2017-2028
- Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
- The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
- Latin America Market Analysis, Insights and Forecast, 2017-2028
- Competitive Landscape
- Global Reading Glasses Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
- Company Profiles
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