Global market size of glasses products and global myopia

1. Multiple factors promote the expansion of global glasses market

With the improvement of people’s living standards and the improvement of eye care demand, people’s demand for glasses decoration and eye protection is increasing, and the demand for various glasses products is increasing. The global demand for optical correction is very large, which is the most basic market demand to support the glasses market. In addition, the aging trend of the global population, the continuously increasing penetration rate and use time of mobile devices, the increasing awareness of consumers’ visual protection, and the new concept of glasses consumption will also become important thrust for the continued expansion of the global glasses market.

2. The global market scale of glasses products has risen as a whole

In recent years, with the continuous growth of the global per capita expenditure on glasses products and the increasing population size, the global market size of glasses products has been expanding. According to the data of Statista, a global research agency, the global market size of glasses products has maintained a good growth trend since 2014, from US $113.17 billion in 2014 to US $125.674 billion in 2018. In 2020, under the influence of the COVID-19, the market size of glasses products will inevitably decline, and it is expected that the market size will fall back to $115.8 billion.

3. Market demand distribution of global glasses products: Asia, America and Europe are the three largest consumer markets in the world

From the perspective of the distribution of glasses market value, the Americas and Europe are the two major markets in the world, and the proportion of sales in Asia is also increasing, gradually occupying an important position in the global glasses market. According to the data of Statista, a global research agency, the sales of the Americas and Europe have accounted for more than 30% of the global market since 2014. Although the sales of the glasses products in Asia are lower than those in the Americas and Europe, the rapid economic development and the change of people’s consumption concept in recent years have led to a substantial increase in the sales of glasses products in Asia. In 2019, the sales share has increased to 27%.

Affected by the epidemic situation in 2020, the Americas, Europe, Africa and other countries will receive a large impact. Thanks to the relevant measures for epidemic prevention and control in China, the eyewear industry in Asia will suffer a small impact. In 2020, the proportion of eyewear product market sales in Asia will increase substantially. In 2020, the proportion of eyewear product market sales in Asia will be close to 30%。

4. The potential demand for global glasses products is relatively strong

Glasses can be divided into myopia glasses, hyperopia glasses, presbyopic glasses and astigmatic glasses, flat glasses, computer goggles, goggles, goggles, goggles, night glasses, sports goggles, sports goggles, goggles, sunglasses, sunglasses, toy glasses, sunglasses and other products. Among them, proximity glasses are the main segment of the glasses manufacturing industry. In 2019, WHO released the World Report on Vision for the first time. This report summarizes the estimated number of several important eye diseases that cause visual impairment globally based on current research data. The report shows that myopia is the most common eye disease worldwide. There are 2.62 billion people with myopia in the world, 312 million of whom are children under the age of 19. The incidence rate of myopia in East Asia is high.

From the perspective of global myopia, according to the prediction of WHO, the number of global myopia will reach 3.361 billion in 2030, including 516 million people with high myopia. On the whole, the potential demand for global glasses products will be relatively strong in the future!

Post time: Feb-27-2023