A rise in the number of geriatric population is anticipated to boost the growth of the U.S. reading glasses market in the coming years. Recently Fortune Business Insights has published a report, titled, “Reading glasses: U.S. Market Analysis, Insights and Forecast, 2019-2026”. As per the report, in 2018, the U.S. reading glasses market was valued at US$ 13,134 Mn. The market is expected to progress at a CAGR of 3.5% and reach US$ 17,959.2 Mn by the end of 2026. The report also suggests that reduction in the number of refractive surgeries, increasing advancements in the technology of lenses, and rise in the disposable incomes are likely to increase the demand for reading glasses in the U.S. This in turn, will boost the market growth.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/u-s-reading-glasses-market-100969
Leading Players operating in the U.S. Reading Glasses Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Bausch & Lomb Incorporated.
- Johnson & Johnson Services, Inc.
- Thinoptics, Inc.
- Transitions Optical, Inc.
- PowerVision, Inc.
- AlconVision LLC
- ABBOPTICAL GROUP
- Vision Service Plan
- Other prominent players
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Prominent market players are persistently taking initiatives to increase awareness of vision correction among the populace. Additionally, traditional eye examinations have evolved due to the technological advancements and have turned digital. There is a rise in the demand for comfortable and effective reading glasses. All these factors are projected to propel the reading glasses market in the U.S. during the forecast period.
Age Group of 18 to 64 years Likely to Increase Demands Due to Vision Issues
The report classifies the U.S. reading glasses market on the bases of corrective strength, by type, and by age group. By corrective strength, the market is further divided into +1 to +2, +2.25 to +3, and greater than +3. Out of these, the +2.25 to +3 power segment currently dominates the U.S. reading glasses market as there is an ever grossing demand for vision correction. On terms of type, the market is grouped into OTC reading glasses and prescription reading glasses.
By age group, the market is classified into less than 18 years, 18 to 64 years, and 65 years and greater. Amongst these, the age group of 18 to 64 years is likely to retain the largest share of the reading glasses market in the U.S. during the forecast period. This will occur due to the increasing number of cases of vision issues that are associated with long-term exposure to blue light. The exposure takes place because people who fall under this age group, are hooked onto smartphones, laptops, and computers. A rise in the incidence of presbyopia amongst senior citizens and middle-ages people residing in the U.S., is another major factor that is anticipated to propel the reading glasses market in the region.
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