An increase in the number of geriatric people is expected to drive the growth of the US reading glasses market in the coming years. Recently, Fortune Business Insights released a report titled “US reading glasses Market analysis, outlook and forecast, 2019-2026 ”. According to the report, in 2018 the U.S. reading glasses market was valued at $ 13,134 million. The market is expected to grow at a CAGR of 3.5% and reach US $ 17,959.2 million by the end of 2026. The report also suggests that the reduction in the number of refractive surgeries, the increase in the progress of the lens technology and increased disposable income are likely to increase the demand for reading glasses in the United States. This in turn will stimulate the growth of the market.
The main players in the market are constantly taking initiatives to raise awareness about vision correction. Additionally, traditional eye exams have evolved due to advancements in technology and have gone digital. There is an increasing demand for comfortable and effective reading glasses. All of these factors are expected to propel the reading glasses market in USA during the forecast period.
Request a sample PDF:
Highlights of the report:
- Market Penetration: Comprehensive insights into product portfolios of major players in the Supply Chain Analysis market.
- Product Development / Innovation: detailed information on upcoming technologies, R&D activities and product launches in the market
- Competitive Assessment: In-depth assessment of market strategies, geographic and business segments of key market players
- Market development: comprehensive information on emerging markets. This report analyzes the market for various segments across geographies
- Market diversification: Comprehensive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analysis Market.
Age group 18-64 likely to increase demands due to vision problems
The report categorizes the US reading glasses market on the basis of corrective strength, by type, and by age group. By corrective force, the market is further divided into +1 to +2, +2.25 to +3 and above +3. Of these, the +2.25 to +3 power segment currently dominates the US reading glasses market as there is an ever increasing demand for vision correction. In terms of type, the market is grouped into OTC reading glasses and prescription reading glasses.
By age group, the market is categorized as under 18, 18 to 64, and 65 and over. Of these, the 18-64 age group is likely to retain the largest share of the reading glasses market in the United States during the forecast period. This will happen due to the increasing number of cases of vision problems associated with long term exposure to blue light. The exhibition takes place because people who belong to this age group are hooked on smartphones, laptops and computers. An increase in the incidence of presbyopia among the elderly and middle-aged people residing in the United States is another major factor that is expected to propel the reading glasses market in the region.
Thinoptics, Inc., FGX International Inc. and other key players with potential to drive growth through innovative product launches
FGX International Inc., a leading designer and distributor of optical frames, sunglasses and reading glasses, headquartered in the United States, announced its collaboration with Restoring Vision, a global healthcare organization nonprofit, based in Canada in June 2019. The company launched their first reading glasses to raise awareness of the impact of vision correction through reading glasses. The company also informed the population of the lack of access to reading glasses in developing countries. Thinoptics, Inc., a Canadian supplier of ultra-thin and compact reading glasses with multiple color options, launched their new reading glass earlier in July 2018. Considered the lightest and thinnest reading glasses in the world. world, they weigh about 9 grams. and come with a 4mm aircraft aluminum case. The case can easily slip into a person’s pocket or it can be attached to the back of a tablet, phone, e-reader or laptop.
The major companies in the global reading glasses market in the United States are increasingly focusing on research and development activities to create new and innovative products in order to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision makers to seize this emerging opportunity. The study provides information on market trends and development, drivers, capabilities, technologies and changing investment structure of the US reading glasses industry.
Some of the major players in the US reading glasses market are PowerVision, Inc., Bausch & Lomb Incorporated., Vision Service Plan, Johnson & Johnson Services, Inc., CooperVision, Thinoptics, Inc., ABB Optical Group, Transitions Optical, Inc ., Alcon Vision LLC and other major players.
This report focuses on the global US reading glasses market, especially North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, types. Regional analysis is another highly comprehensive part of the global market research and analysis study presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period till 2026, it provides detailed and accurate volume analysis by country and market size analysis by region of the global market.
Key questions answered in the report:
- What will be the growth rate of the US reading glasses market in 2026?
- What are the key factors driving the global US reading glasses market?
- Who are the major manufacturers in the US reading glasses market?
- What are the market opportunities, market risk, and market overview of the global United States reading glasses market?
- What are the sales, revenue, and price analyzes of major manufacturers of the global United States reading glasses market?
- What are sales, revenue, and price analysis by types and applications of the US Reading Glasses market?
- What are sales, revenue, and price analysis by regions of the US Reading Glasses market?
Fortune Business Insights delivers expert business analysis and insightful data, helping organizations of all sizes make timely decisions. We tailor innovative solutions to our clients, helping them meet the challenges specific to their business. Our goal is to provide our clients with comprehensive market information, giving them a granular overview of the market in which they operate.
Our reports contain a unique blend of tangible information and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use cutting-edge research tools and techniques to compile comprehensive market research, interspersed with relevant data.
At Fortune Business Insights, we aim to highlight the most lucrative growth opportunities for our clients. We therefore offer recommendations allowing them to navigate more easily in technological and market-related developments. Our consulting services are designed to help organizations identify hidden opportunities and understand dominant competitive challenges.