Summary
- • The global eyewear market size was valued at USD 140.63 billion in 2022
- • The eyewear market is expected to grow at a CAGR of 8.4% from 2023 to 2030
- • Spectacles segment accounted for the largest revenue share of 72.6% in 2022
- • Contact lenses segment is expected to witness the fastest CAGR of 9.1% from 2023 to 2030
- • North America dominated the market with a revenue share of 32.7% in 2022
- • Asia Pacific is expected to witness the fastest CAGR of 9.2% from 2023 to 2030
- • The global optical coherence tomography (OCT) market size was valued at USD 1.1 billion in 2021
- • The OCT market is expected to expand at a CAGR of 8.8% from 2022 to 2030
- • Spectral Domain OCT (SD-OCT) segment held the largest revenue share of 45.8% in 2021
- • The global contact lens market size was valued at USD 14.52 billion in 2022
- • The contact lens market is projected to grow from USD 15.46 billion in 2023 to USD 21.72 billion by 2030
- • Soft lenses segment accounted for 88.5% share of the global contact lens market in 2022
- • The global prescription glasses market size was valued at USD 62.35 billion in 2022
- • The prescription glasses market is expected to grow at a CAGR of 6.2% from 2023 to 2030
- • Single vision lenses accounted for the largest market share of 45% in 2022
Buckle up, fashionistas and trendsetters, because the optical industry is giving us a delightful spectacle of numbers! With the global eyewear market flaunting a hefty USD 140.63 billion price tag in 2022 and sporting an anticipated CAGR of 8.4% from 2023 to 2030, its clear that the worlds gaze is firmly fixed on all things optical. From North Americas market dominance to Asia Pacifics eye-catching growth trajectory, these statistics are like a pair of stylish frames – they demand to be seen and appreciated. So, grab your contacts, don your favorite lenses, and join us on a visionary journey through the fascinating world of optical trends and technology.
Contact Lenses
- The global contact lens market size was valued at USD 14.52 billion in 2022
- The contact lens market is projected to grow from USD 15.46 billion in 2023 to USD 21.72 billion by 2030
- Soft lenses segment accounted for 88.5% share of the global contact lens market in 2022
- The global daily disposable contact lens market size was valued at USD 3.91 billion in 2021
- The daily disposable contact lens market is expected to grow at a CAGR of 10.6% from 2022 to 2030
- Silicone hydrogel material segment held the largest market share in the daily disposable contact lens market in 2021
- The global colored contact lenses market size was valued at USD 1.3 billion in 2020
- The colored contact lenses market is projected to reach USD 2.4 billion by 2030
- Soft contact lenses segment dominated the colored contact lenses market in 2020
Interpretation
The optical industry's growth trajectory is crystal clear: as the demand for clearer vision and style continues to rise, so too does the market size for contact lenses. From soft lenses to daily disposables to the trend-setting colored varieties, the industry's vision for the future is looking sharper than ever. With projections pointing towards a colorful future worth billions, it seems that seeing is not only believing but also quite lucrative. So, for those in the optical world, it appears that the future is not just in focus—it's positively eye-catching.
Diagnostic Equipment
- The global optical coherence tomography (OCT) market size was valued at USD 1.1 billion in 2021
- The OCT market is expected to expand at a CAGR of 8.8% from 2022 to 2030
- Spectral Domain OCT (SD-OCT) segment held the largest revenue share of 45.8% in 2021
- The global ophthalmic equipment market size was valued at USD 58.3 billion in 2021
- The ophthalmic equipment market is projected to reach USD 75.5 billion by 2026
- Surgical devices segment accounted for the largest share of the ophthalmic equipment market in 2020
- The global ophthalmic lasers market size was valued at USD 1.3 billion in 2021
- The ophthalmic lasers market is projected to reach USD 1.6 billion by 2026
- Excimer lasers segment accounted for the largest share of the ophthalmic lasers market in 2020
Interpretation
In the dazzling world of optical technology, where precision meets profit, the global optical coherence tomography (OCT) market shines brightly with a value of USD 1.1 billion in 2021 and promises to keep its momentum with an 8.8% growth rate till 2030. Among its contenders, the Spectral Domain OCT segment emerges as the reigning champion, holding a substantial revenue share of 45.8%. Not to be outshone, the ophthalmic equipment market flaunts its own impressive numbers, boasting a hefty USD 58.3 billion in 2021 with projections soaring to USD 75.5 billion by 2026. Within this realm, the surgical devices take the lead, showcasing their dominance like seasoned pros. And let's not forget the flashy ophthalmic lasers market, strutting its stuff with a value of USD 1.3 billion in 2021 and eyeing a bright future of USD 1.6 billion by 2026, with the Excimer lasers owning the spotlight in its own dazzling show. So, in this world where precision reigns supreme, the future looks as sharp as a laser beam.
Market Growth
- The eyewear market is expected to grow at a CAGR of 8.4% from 2023 to 2030
- The vision care market is projected to reach USD 192.8 billion by 2030
- The eyewear e-commerce market is expected to grow at a CAGR of 8.3% from 2022 to 2030
Interpretation
The future of the optical industry is looking clearer than ever, with dazzling growth projections that can make even the most stylish frames blush. As the eyewear market sharpens its focus with a CAGR of 8.4% from 2023 to 2030, it's clear that consumers are keeping their sights set on stylish and functional vision care solutions. With the vision care market projected to hit a whopping USD 192.8 billion by 2030, it's safe to say that seeing is believing when it comes to the industry's potential. And let's not forget the eyewear e-commerce market, poised to see a steady ascent with an 8.3% CAGR from 2022 to 2030, proving that convenience and style are always in vogue.
Market Size
- The global eyewear market size was valued at USD 140.63 billion in 2022
- The global vision care market size was valued at USD 74.7 billion in 2020
- The global eyewear e-commerce market size was valued at USD 14.9 billion in 2021
Interpretation
As the world's vision becomes increasingly clearer, both metaphorically and literally, the eyewear industry continues to dazzle with its impressive numbers. With a global eyewear market worth more than the GDP of some countries, it's clear that our obsession with stylish frames and protective lenses knows no bounds. And as online shopping becomes the new normal, the eyewear e-commerce market shines brightly in its own right, proving that even in the digital age, we all still want to look good while seeing the world in high definition.
Optical Lenses
- The global optical lens market size was valued at USD 19.39 billion in 2021
- The optical lens market is projected to reach USD 27.99 billion by 2026
- The spectacle lens segment held the largest market share in 2021
- The global optical coatings market size was valued at USD 13.7 billion in 2021
- The optical coatings market is expected to expand at a CAGR of 8.0% from 2022 to 2030
- Anti-reflective coatings segment accounted for the largest revenue share of 35.2% in 2021
- The global photochromic lenses market size was valued at USD 5.2 billion in 2020
- The photochromic lenses market is projected to reach USD 9.1 billion by 2030
- Glass material segment dominated the photochromic lenses market in 2020
Interpretation
The optical industry is seeing a bright future ahead, with market size projections and expansion rates that could make anyone's eyes widen. From the spectacle lens segment holding its ground in 2021 to the anti-reflective coatings stealing the spotlight, it's clear that vision enhancement is not just a clear-cut business. With the photochromic lenses market on the rise, it seems like customers are seeing the value in adaptive eyewear. So keep your eyes peeled, and don't lose focus, because this industry is set to bring some clear vision and a tint of innovation in the years to come.
Prescription Eyewear
- The global prescription glasses market size was valued at USD 62.35 billion in 2022
- The prescription glasses market is expected to grow at a CAGR of 6.2% from 2023 to 2030
- Single vision lenses accounted for the largest market share of 45% in 2022
- The global progressive lenses market size was valued at USD 12.5 billion in 2020
- The progressive lenses market is expected to reach USD 19.5 billion by 2031
- Plastic progressive lenses segment accounted for over 70% of the market share in 2020
- The global blue light protection glasses market size was valued at USD 29.8 million in 2020
- The blue light protection glasses market is projected to reach USD 58.3 million by 2030
- Offline distribution channel segment dominated the blue light protection glasses market in 2020
Interpretation
In a world where clarity is key, the optical industry's numbers speak volumes. From the sharp rise of progressive lenses to the cool hues of blue light protection glasses, it's clear to see that our vision needs are evolving. As the market continues to widen its perspective, one thing is certain: there's a spectacle of opportunity ahead for those with a keen eye on the future of eyewear.
Product Segments
- Spectacles segment accounted for the largest revenue share of 72.6% in 2022
- Contact lenses segment is expected to witness the fastest CAGR of 9.1% from 2023 to 2030
- Eyeglasses segment dominated the vision care market in 2020
- Contact lenses segment is expected to grow at the highest CAGR of 7.3% from 2021 to 2030
- Spectacles segment dominated the eyewear e-commerce market with a share of 68.5% in 2021
- Contact lenses segment is expected to witness the fastest CAGR of 9.1% in the eyewear e-commerce market from 2022 to 2030
Interpretation
In the realm of optical trends, it appears that spectacles are currently having a moment, raising the question: Are we living in the age of the bespectacled renaissance? With a commanding hold on revenue share and e-commerce dominance, it seems like the classic appeal of spectacles is as clear as 20/20 vision. However, let's not overlook the rising star of contact lenses, predicted to not only witness impressive growth but also steal the spotlight with its speedy CAGR. It seems the competition between frames and lenses is set to be quite the sight to see over the coming decade.
Regional Market
- North America dominated the market with a revenue share of 32.7% in 2022
- Asia Pacific is expected to witness the fastest CAGR of 9.2% from 2023 to 2030
- North America accounted for 38.6% of the global vision care market share in 2020
- Asia-Pacific is expected to witness the highest growth rate in the vision care market from 2021 to 2030
- North America dominated the eyewear e-commerce market with a revenue share of 38.2% in 2021
- Asia Pacific is expected to witness the fastest CAGR of 9.7% in the eyewear e-commerce market from 2022 to 2030
Interpretation
Move over North America, Asia Pacific is stepping up its optical game! With a forecasted growth rate that could give the speed of light a run for its money, this region is set to dazzle in the world of vision care and eyewear e-commerce. While North America may have been the reigning champ in the past, it looks like Asia Pacific is ready to steal the show with its impressive rise to the top. Watch out, global optical industry, the East is shining bright and taking center stage!
Sunglasses
- The global sunglasses market size was valued at USD 31.18 billion in 2022
- The sunglasses market is expected to expand at a CAGR of 5.7% from 2023 to 2030
- Polarized sunglasses segment accounted for the largest revenue share of 35.2% in 2022
- The global luxury eyewear market size was valued at USD 20.4 billion in 2020
- The luxury eyewear market is projected to reach USD 39.3 billion by 2030
- Eyeglasses segment dominated the luxury eyewear market in 2020
- The global smart glasses market size was valued at USD 9.7 billion in 2021
- The smart glasses market is expected to expand at a CAGR of 13.4% from 2022 to 2030
- Consumer electronics segment accounted for the largest revenue share of 38.2% in the smart glasses market in 2021
Interpretation
In a world where the future is so bright we gotta wear shades, the optical industry is clearly seeing things crystal clear. From polarized sunglasses blocking out UV rays to luxury eyewear making a bold fashion statement, it's evident that our eyes are in for a treat. And let's not overlook the smart glasses revolution, where tech meets trend in a spectacle of innovation. With growth rates shooting higher than a sunglass-wearing rocket, it's safe to say that this industry has a vision for success that's 2020 clear and beyond.