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.
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
- CooperVision
- Vision Service Plan
- Other prominent players
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The report covers:
- Global U.S. Reading Glasses Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
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.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Detailed Table of Content:
- Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Prevalence of Presbyopia, Hyperopia, and Hyperopic Astigmatism by Country/Region
4.2. U.S. Population Distribution by Age Group (Mn) 2018
4.3. Estimated Number of People Using Reading Glasses (Mn) 2018 By Age Group
4.4. Distribution of People That Use Reading Glasses by Corrective Strength of Lens (%) for Population Age Group 18-64 Years
- U.S. Reading Glasses Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Age Group
5.2.1. Less than 18 years
5.2.2. 18-64 years
5.2.3. 65 years and greater
5.3. Market Analysis, Insights and Forecast – By Corrective Strength
5.3.1. +1 to +2
5.3.2. +2.25 to +3
5.3.3. Greater than +3
5.4. Market Analysis, Insights and Forecast – By Type
5.4.1. Prescription Reading Glasses
5.4.2. OTC Reading Glasses
- Competitive Analysis
- Key Industry Developments
- U.S. Market Share Analysis (2018)
- Competition Dashboard
- Comparative Analysis – Major Players
10.1. Bausch & Lomb Incorporated.
10.2. Johnson & Johnson Services, Inc.
10.3. Thinoptics, Inc.
10.4. Transitions Optical, Inc.
10.5. PowerVision, Inc.
10.6. Alcon Vision LLC
10.7. ABB OPTICAL GROUP
10.8. CooperVision
10.9. Vision Service Plan
- Strategic Recommendations
Continued…
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential U.S. Reading Glasses Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the U.S. Reading Glasses Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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