Global Prescription Sunglass Market Size to Exceed USD 12.22 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Prescription Sunglass Market Size Expected to Grow from USD 6.98 Billion in 2023 to USD 12.22 Billion by 2033, at a CAGR of 5.76% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Prescription Sunglass Market Size, Share, and COVID-19 Impact Analysis, By Material (CR-39, Polycarbonate, and Polyurethane), By Prescription Type (Single Vision Prescription, Multifocal Prescription, and Progressive Prescription), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The prescription sunglass market deals with vision correction UV protection eyewear. Sunglasses comprise prescription lenses for myopia, hyperopia, astigmatism, or presbyopia. With prescription sunglasses, outdoor enthusiasts and drivers can be sure that the world they see will be visually clear. The sunglasses protect the eyes from harmful UV rays. Moreover, the prescription sunglass market is propelled by rising awareness of eye health, growing concerns over UV protection, and a growing demand for multifunctional eyewear. Expanding outdoor activities, sports trends, and luxury fashion adoption boost sales. Technological advancements in lens materials, such as polarized and photochromic options, enhance appeal. E-commerce growth, rising disposable incomes, and an ageing population requiring vision correction further drive market expansion worldwide. However, the restrain of high price of premium lenses, low awareness in developing countries, availability of cheaper non-prescription alternatives, and longer time taken to manufacture customized prescription lenses.
The polycarbonate segment accounted for the largest share of the global prescription sunglass market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of material, the global prescription sunglass market is divided into CR-39, polycarbonate, and polyurethane. Among these, the polycarbonate segment accounted for the largest share of the global prescription sunglass market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to its high impact resistance, lightweight nature, and superior UV protection, polycarbonate lenses are widely used in sports, outdoor, and everyday eyewear. The durability, scratch resistance, and affordability of these lenses make them the preferred choice for both consumers and manufacturers.
The single vision prescription segment accounted for a substantial share of the global prescription sunglass market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of prescription type, the global prescription sunglass market is divided into single vision prescription, multifocal prescription, and progressive prescription. Among these, the single vision prescription segment accounted for a substantial share of the global prescription sunglass market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is largely applied for the nearsighted and farsighted correction because it is quite inexpensive and the younger and working populations have more demands for such type of corrections. It is the most frequently corrected type for ordinary outdoor as well as for driving purposes.
North America is projected to hold the largest share of the global prescription sunglass market over the projected period.
North America is projected to hold the largest share of the global prescription sunglass market over the projected period. High awareness of eye health, strong purchasing power, and a growing preference for premium eyewear are driving the demand for contact lenses in this region. The ageing population, increasing outdoor activities, and strong presence of key eyewear brands in the region drive market dominance, especially in the U.S. and Canada.
Europe is expected to grow at the fastest CAGR growth of the global prescription sunglass market during the projected period. This is due to rising awareness of UV protection, increasing adoption of luxury eyewear, and an ageing population needing vision correction are some of the factors driving demand. Countries like Germany, France, and Italy drive demand with strong fashion trends, high disposable income, and advanced optical technologies, boosting market growth across the region.
Company Profiling
Major vendors in the global prescription sunglass market are Bausch + Lomb, ZEISS Group, Charmant Group, Ciba Vision, CooperVision, De Rigo Spa, Essilor International, Fielmann Group AG, Hoya Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2023, Zenni Optical, a notable leader in online eyewear retail, launched Zunnies, a new sub-brand that offers zero-bounce polarized sunglasses designed for active individuals.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global prescription sunglass market based on the below-mentioned segments:
Global Prescription Sunglass Market, By Material
- CR-39
- Polycarbonate
- Polyurethane
Global Prescription Sunglass Market, By Prescription Type
- Single Vision Prescription
- Multifocal Prescription
- Progressive Prescription
Global Prescription Sunglass Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa