Prescription Sunglasses Market, By Type (Glass, CR-39, Polycarbonate, Polyurethane, Others), By Regions (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)-Trends, Analysis and Forecast till 2034

Report Code: PMI92719 | Publish Date: March 2024 | No. of Pages: 180

Global Prescription Sunglasses Market By Overview

Introduction:

Prescription Sunglasses Market was valued at US$ 19.9 billion in 2024 and is projected to grow at a CAGR of 5.9% to reach US$ 33.5 billion by 2034.

Prescription sunglasses are eyeglasses that incorporate a corrective lens with a tint to protect your eyes from the sun's harmful ultraviolet (UV) rays. They are a great option for people who wear corrective lenses and spend time outdoors.

Prescription sunglasses allow people to see clearly and sharply outdoors, even in bright sunlight. This is especially important for activities like driving, playing sports, or simply enjoying the outdoors. Like regular sunglasses, prescription sunglasses block harmful UV rays from the sun. This helps to protect the eyes from conditions like cataracts, macular degeneration, and pterygium.

Prescription sunglasses eliminate the need to switch between regular glasses and sunglasses, which can be inconvenient and time-consuming. They can also be a more comfortable option than wearing contact lenses, especially for people who experience dry eyes or other contact lens-related problems. This has become a major driver for the Prescription Sunglasses Market

There are many factors to consider when choosing prescription sunglasses, including lens type and lens tint. There are a variety of lens options available for prescription sunglasses, including polarized lenses which help to reduce glare, mirrored lenses for sun protection and transitions lenses which are clear indoors and darken automatically in sunlight.

The lens tint of a pair of sunglasses will affect how much light they block. It is important to consider the activities the sunglasses will be used for when choosing a tint colour. For example, a darker tint is ideal for bright sunny days, while a lighter tint may be more suitable for overcast days.

Prescription sunglasses are available in a wide variety of styles and colours, allowing individuals to express their personal style and preferences. With the ever changing trends of the fashion landscape the availability of different frame styles is another growth factor of the Prescription Sunglasses Market.

There are 197.6 million (75.6%) adult consumers who are vision correction device users in the U.S., out of which 63.7% that is 166.5 million US adults wear prescription eyeglasses with UV protection and other features. As blue-light exposure and outdoor activities increase, poor lifestyles will contribute to increasing vision impairment. This will grow the Prescription Sunglasses Market in the coming years.

Prescription Sunglasses Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Prescription Sunglasses Market By Dynamics

Drivers of the Prescription Sunglasses Market:      

  • Improved Visual Clarity and Comfort:

Prescription sunglasses allow individuals with vision problems to see clearly and comfortably even in bright sunlight. This is especially crucial for driving, where clear vision is essential for safety. By eliminating glare and reducing eye strain, prescription sunglasses can help prevent headaches and fatigue making it easier to wear them for longer periods of time.

Excessive exposure to ultraviolet (UV) radiation from the sun can damage the eyes and increase the risk of developing cataracts, macular degeneration, and other eye problems. Prescription sunglasses reduce UV exposure giving long term protection to the eye from sun damage. When combined with polarized lenses they can significantly reduce glare, improving visibility and enhancing driving safety.

Prescription glasses help people maintain their active lifestyle without being slowed down by their visual impairment or having to compromise basic safety and comfort.

As people are having busy outdoor lifestyles the convenience of a single eye frame combining vision correction, UV protection, blue light filtering and reading glasses is gaining popularity. This is a major growth driver of the Prescription Sunglasses Market.

Thirty-two million Americans, or 34.5 million, use over-the-counter reading glasses. 66.3 million adults in America, or 39.8% of the total, usually wear two or more pairs of glasses. 85.5 percent of Americans, or 223.5 million, wear non-prescription sunglasses. Most of these people are opting for prescription sunglasses. This is expected to drive the Prescription Sunglasses Market

  • Increased Convenience and Style options

Prescription sunglasses are available in a wide variety of styles and colors, allowing individuals to express their personal style and preferences. Many popular sunglass brands offer prescription versions of their most popular frames, catering to the fashion-conscious consumers of today, especially today’s youth and working populace.

Prescription sunglasses effectively eliminate the need to switch between regular glasses and sunglasses, offering a convenient solution for individuals who wear corrective lenses. This is particularly beneficial for people who are active and spend time on driving or outdoor sports, as they can easily transition between different environments without having to change glasses.

People are able to lead a normal lifestyle with very few changes thanks to light weight fashionable prescription sunglasses that perfectly combine vision correction and sun protection.  This is the main reason for the popularity of the Prescription Sunglasses Market.

Restrains:

  • Cost: Prescription sunglasses are generally more expensive than regular sunglasses, as they require the additional step of incorporating a specific lens prescription.
  • Customization: While some customization is possible, it's generally less extensive than with non-prescription sunglasses.
  • Selection: The selection of frames and lens options for prescription sunglasses may be more limited compared to non-prescription sunglasses. This is because manufacturers may not produce as wide a variety of styles and colors for prescription lenses.
  • Regulations: In certain professions, there might be regulations regarding the style and color of eyewear worn. This could limit the options available for individuals who require prescription sunglasses.

Key Opportunities in Prescription Sunglasses Market:

  • Technological advancements: New technologies are making prescription sunglasses more comfortable, stylish, and functional than ever before. For example, advances in lens materials have led to the development of lighter, thinner, and more impact-resistant lenses. Additionally, new coatings can help to protect against glare, scratches, and fogging.
  • Growing online market: The online prescription sunglasses market is growing rapidly, as consumers increasingly shop for convenience and competitive prices. Businesses that can offer a user-friendly online shopping experience and competitive prices are well-positioned to take advantage of this trend.
  • Expanding market reach: There is a growing opportunity to expand the market reach of prescription sunglasses to new demographics, such as children and young adults.

Global Prescription Sunglasses Market By Segmentation

Prescription Sunglasses Market is segmented based on based on by Type and Region.

Type Insight

  • Polycarbonate- This is currently the dominant segment in the Prescription Sunglasses market. Its popularity is attributed to its various advantages such as its high impact resistance, light weight frames and high quality UV protection. It is ideal for active lifestyles and individuals prone to accidental drops or bumps.
  • Glass- This is a declining segment of the target market due to public concern over its low impact resistance and fragility which makes it unsuitable for active lifestyles even though it offers the highest level of vision clarity.
  • CR-39- This segment is expected to witness moderate growth as this material offers good optical clarity and impact resistance and can be used for children’s eyewear.
  • Polyurethane- This is the fastest growing segment of the Prescription Sunglasses Market as it offers high impact resistance and optical clarity ideal for outdoor spots and athletes.
  • Others - This segment is predicted to witness slow growth as it includes various niche materials like Trivex, which combines the benefits of polycarbonate and CR-39, but often comes at a premium price.

Regional Insights:

Prescription Sunglasses Market-segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Prescription Sunglasses Market Regional Insights:

On region the Prescription Sunglasses Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market held the largest market shares of the Prescription Sunglasses Market in 2022 and is estimated to witness a significantly high revenue share over the forecast period. This is due to the growing shift towards active outdoorsy lifestyles and adoption of sports as a more dynamic form of fitness training. Prescription sunglasses offer a more functional and convenient solution for vision impairment.
  • Asia Pacific: Due to the constantly expanding population and growing exposure to device screens among all age groups, the demand for high quality optical clarity and functional eyewear is rapidly rising. The need for eyewear amongst children and young adults is rapidly increasing in this region.
  • Europe has developed economies and well-established corporate sectors due to which it maintains a steady share of the Prescription Sunglasses Market. Demand for technologically advanced multipurpose eyewear with smart technology and voice control and other features is on the rise.
  • Latin America has fewer market shares, but future growth potential is significant due to rising cases of visual impairment in young populations. A growing elderly population is also expected to majorly contribute to the Prescription Sunglasses Market in this region.
  • Middle East & Africa: The Prescription Sunglasses Market in this region is expected to witness significant growth in the coming years, driven by several factors such as the rapid advancement in technology and increase in active lifestyles among the adult working population. Rising demand for high quality fashionable prescription sunglasses with lightweight designs is growing rapidly.

Report Scope:

Attribute

Details

Market Size 2024

US$  19.9 billion

Projected Market Size 2034

US$ 33.5 billion

CAGR Growth Rate

5.9 %

Market Segmentation

By Type - Glass, CR-39, Polycarbonate, Polyurethane, Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Prescription Sunglasses Market report based on By Type and Region:

Prescription Sunglasses Market, By Type:

  • Glass
  • CR-39
  • Polycarbonate
  • Polyurethane
  • Others

Prescription Sunglasses Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Prescription Sunglasses Market By Key Players

The key players operating the Prescription Sunglasses Market includes, Luxottica Group S.p.A., Safilo Group S.p.A., Charmant Group, Marchon Eyewear, Inc., Fielmann AG, De Rigo S.p.A., Rodenstock GmbH. and Others.

Global Prescription Sunglasses Market By Key Issues Addressed

Recent Development:

  • In 2022, EssilorLuxottica, the world's largest eyewear company, announced the launch of its Transitions Signature GEN 8 lenses. These lenses are designed to adapt to a wider range of lighting conditions, including low light, and provide faster fade-back to clear indoors
  • In 2021, Ray-Ban launched its first generation of Ray-Ban Meta smart glasses, which allow wearers to listen to music, take calls, and capture photos and videos while offering a prescription lens option, making them a notable entry in the smart glasses space.

Global Prescription Sunglasses Market By Company Profile

  • Bausch Health Companies Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • Luxottica Group S.p.A.
  • Safilo Group S.p.A.
  • Charmant Group
  • Marchon Eyewear, Inc.
  •  Fielmann AG
  • De Rigo S.p.A.
  • Rodenstock GmbH.
  • Carl Zeiss Meditec AG,
  • CooperVision,

 “*” marked represents similar segmentation in other categories in the respective section

Global Prescription Sunglasses Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet,  By Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysish
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Prescription Sunglasses Market,  By Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Glass
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • CR-39
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polycarbonate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polyurethane
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    •  
  1. Prescription Sunglasses Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn),  By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn),  By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn),  By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn),  By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn),  By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles 
  • Luxottica Group S.p.A
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Safilo Group S.p.A
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Charmant Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Marchon Eyewear
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fielmann AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • De Rigo S.p.A.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The prescription sunglasses market is segmented by type, application, and region.

High Costs, Limited Awareness, Fashion Trends, Limited Accessibility in Some Regions

Increasing Eye Health Awareness, Customization Options, Technological Advancements, Rising Outdoor Activities

North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa North America and Europe are historically significant markets, but Asia-Pacific is exhibiting strong growth potential.

The key players of global prescription sunglasses market include Luxottica Group S.p.A., Safilo Group S.p.A., Charmant Group, Marchon Eyewear, Inc., Fielmann AG, De Rigo S.p.A., Rodenstock GmbH.