Global Eyewear Market Size, Forecast, and Trend Highlights Over 2025-2037
Eyewear Market size was over USD 115.49 billion in 2024 and is poised to exceed USD 287.47 billion by the end of 2037, witnessing over 7.2% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of eyewear is estimated at USD 122.23 billion.
The market growth is majorly attributed to the increasing prevalence of sight abnormality across the world. According to the World Health Organization, near-sightedness or farsightedness affected approximately 2.2 billion individuals worldwide in 2023. It also mentioned that 1.0 billion of this number showed the potential of retrieving vision or preventing impairment. Additionally, the estimated global loss of productivity due to this ailment was USD 411.0 billion. Significant deterioration in this medical condition is also observed with aging. Thus, the older population in the world, which is predicted to reach 2.1 billion by 2050 for people aged 60 and over (WHO), is also enlarging the consumer base for this sector.
As these residents become more aware of the available options in the market, more companies show interest in investing. With improving healthcare access and government initiatives in both developed and developing countries, the capital influx in this sector is rising. This is influencing pioneers to curate more innovative solutions, tailored to the consumers’ needs. For instance, in February 2025, Lenskart introduced smart eyeglass, Dubbed Phonic, in the India marketplace. The new addition features Bluetooth audio, voice assistance, and a full-rim Wayfarer design. Such creations are attracting a broader range of investors and consumers in this field by widening product reach and applications.
Eyewear Sector: Growth Drivers and Challenges
Growth Drivers
- Increased demand for cataract disease management: As per a report from ScienceDirect published in November 2021, the worldwide prevalence of cataract disease among people aged 40 and over ranged between 11.8% and 18.8%, making it a leading cause of blindness. It also mentioned surgery to be the only option of treatment for such illnesses, where intraocular lens implantation is widely used for its cost-effectiveness. However, after the complete removal of cataractous lenses, people require some form of high-power spectacles or contact lenses to attain optimal visual acuity, as per the 2023 NLM article. Even before surgery, people may experience discomfort, requiring similar products and boosting demand in the eyewear market.
- Introduction of tech-based multifunctional products: With technological advancements, the market is evolving towards prioritizing individuals’ needs from every aspect. Incorporation of smart features, blue-light filtration, and adaptive lenses are attracting more consumers by addressing their unmet requirements. For instance, in December 2024, Solos unveiled its smart glasses, AirGo Vision, powered by ChatGPT 4.0 and equipped with an integrated camera. This next-generation wearable is capable of swapping frames while offering real-time multilingual translation, high-end visual recognition, and hands-free operation.
Challenges
- High competition in pricing and counterfeit products: Usually, products from the market carry huge prices, making it difficult for customers having low income and resources to purchase them. Additionally, the higher cost of luxury and tech-based glasses often pushes people to invest in fake additions. This may significantly damage legitimate brand reputation and cause sales reduction, impacting the profit margin. These factors further restrict innovation and expansion of this sector.
- Rising concerns about sustainability and compliance: As companies bring new features and technologies into the market, a question about their utility also arises. In addition, the increasing volume of industrial waste is also prohibiting the pace of regulatory approvals. Thus, environmental concerns, coupled with manufacturing limitations, are delaying market launches and causing unwanted expenses. However, the efforts from established producers in increasing the usage of more eco-friendly materials shows the potential to mitigate this issue.
Eyewear Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.2% |
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Base Year Market Size (2024) |
USD 115.49 billion |
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Forecast Year Market Size (2037) |
USD 287.47 billion |
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Regional Scope |
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Eyewear Segmentation
Product Type (Spectacles, Sunglasses, Contact Lens)
The spectacles segment in the eyewear market is anticipated to garner the largest share of 50.8% of the global revenue by the end of 2037. The proprietorship of this segment is backed by its contribution to vision correction in myopia, increasingly affecting the young generation. During an NLM study, 3, 2, and 1.4 times higher prevalences of myopia among children aged 6, 7, and 8 were observed in 2020, respectively. Another large-scale ScienceDirect study from June 2024, conducted in an age group of 10.96 ± 3.5 in China, exposed that the level of correct utilization of spectacles in moderate myopia accounted for 40.7%. Similarly, a systematic NLM review from August 2023 established the notable psychological benefits of using spectacles in children, showcasing the escalation of cognitive and educational well-being.
Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics)
Based on distribution channels, the online store segment is predicted to grow at a notable pace in the eyewear market throughout the analyzed timeframe. The ongoing digital transformation of retailing and shopping is fueling progression in this segment. This is testified by the report from the International Trade Administration, stating that the global B2C e-commerce industry is projected to exhibit a CAGR of 14.4% till 2027, securing a net revenue of USD 5.5 trillion. Moreover, after the pandemic struck, the trend of buying healthcare essentials online gained traction and is continuing to magnify by offering customers remote shopping experiences, a large collection of commodities, and return or exchange policies.
Our in-depth analysis of the global eyewear market includes the following segments:
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Product Type |
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Distribution Channel |
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End user |
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Customize this ReportEyewear Industry - Regional Synopsis
Europe Market Forecast
Europe is projected to hold the largest share of 30.1% in the eyewear market over the assessed timeline. The growing use of contact lenses (CL), along with increasing demand for sunglasses in the region, is solidifying its global leadership. According to the report from the European Council of Optometry and Optics, released in June 2020, the population of CL users in this region reached 25.0 million. Similarly, EuromContact revealed that the number of people (aged between 15 and 64) using soft CL in selected countries in Europe (Denmark, Sweden, Norway, Belgium, Spain, Germany, and others) grew by 4.7% from 2021 to 2022. It further mentioned that the soft CL industry in professional eye care was valued at USD 1.8 billion in 2022.
Germany is augmenting the market with established supply and distribution channels in worldwide trade. According to OEC, the country secured its place on the list of top global exporters of CL with a value of USD 1.0 billion in 2023. Simultaneously, it accounted for an import value of USD 429.0 million during the same timeline. Another OEC dataset revealed that Germany imported USD 645.0 million worth of eyewear products in 2023. This signifies the lucrative business environment and inflating demand in this landscape.
APAC Market Forecast
Asia Pacific is predicted to register a significant CAGR in the eyewear market during the forecasted timeframe. The region is backed by large domestic producers and innovators in this field. Particularly, developing countries such as China, Japan, and India are becoming global suppliers of creative vision corrective solutions. Additionally, the emerging e-commerce industry in these marketplaces is stimulating growth in Asia Pacific. For instance, IBEF reported that the e-commerce merchandise in India is expected to attain USD 163.0 billion by 2026, augmenting an exceptional CAGR of 27.0%. This region’s progress is further coupled with public and private initiatives. For instance, in November 2024, the KIMS Foundation and Research Centre (KFRC) designed AI-powered smart glasses for blind individuals.
China is positioned among the leading manufacturing hubs of the market. The global trade of associated products is evidence of the country’s proprietorship. In this regard, OEC reported that the nation ranked as the largest exporter of eyewear and eyewear frames in 2023, with values of USD 4.9 billion and USD 3.3 billion, respectively. China is also the largest global supplier of spectacle lenses of other materials, accounting for USD 1.3 billion in export value in 2023. These figures are a direct indication of the country’s manufacturing capabilities, fostering an optimistic trading environment.
Companies Dominating the Eyewear Landscape
- Johnson & Johnson Vision Care, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- EssilorLuxottica
- CooperVision
- Zeiss International
- Bausch & Lomb Inc.
- Safilo Group S.p.A.
- Charmant Inc.
- CHEMIGLAS Corp.
- Alcon Vision LLC
- De Rigo Vision S.p.A
- Meta
The market is changing its dynamics with the shifting consumer preferences. Following the same trend, key players in this sector are focusing on bringing more sustainable, affordable, and acceptable commodities. They are developing vision correctors with current fashion senses and required functionalities during heavy physical activities. This is widening the range of offerings, making this merchandise accessible to every consumer. For instance, in March 2025, ZEELOOL brought its brand-new Animal Print Eyeglasses Collection to the market, targeting people seeking unique and stylish options. Such key players include:
In the News
- In January 2025, ZEISS extended its lens coating portfolio with the launch of a new golden anti-reflective coating line, ZEISS DuraVision Gold UV. This premium-tier segment intends to offer eyewear users a luxurious and personalized experience along with greater cleanability, durability, and clarity.
- In September 2024, Johnson & Johnson announced the commercial launch of TECNIS Odyssey in the U.S. to expand its presbyopia-correcting intraocular lenses (PC - IOL) portfolio globally. This new addition outperforms PanOptix by offering cataract patients an unmatched continuous full range of vision.
- In September 2024, Meta launched its most advanced pair of augmented reality (AR) glasses, Orion. The eyeglass encompasses immersive capabilities in modern computing, 2D & 3D content displaying, integrating contextual AI, and providing convenience in both indoor & outdoor use.
Author Credits: Radhika Pawar
- Report ID: 268
- Published Date: Apr 11, 2025
- Report Format: PDF, PPT
