The eyewear market is estimated to be valued at USD 217.04 Bn in 2025 and is expected to reach USD 394.21 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.9% from 2025 to 2032.
Eyewear is intended to be worn over the eyes for protection against environmental factors or for improving vision impairment. Eyeglasses or spectacles, sunglasses, goggles, and contact lenses are common types of eyewear. Eyewear is also used as a fashion statement due to rising sense of fashion among people, and people are adopting trendy and designer sunglasses due to the latest trend emerging in the market.
However, the market may face restraints from growing preference for corrective surgeries like Laser-Assisted in Situ Keratomileusis (LASIK) and availability of low-cost generic optical products.
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The escalating prevalence of vision disorders and myopia worldwide is a key driver behind the rapid expansion of the eyewear market. The shift toward remote work and digital learning has intensified eye strain and accelerated myopia progression in both adults and children. In countries across Asia, including Singapore, South Korea, and China, myopia rates exceed 80% among young adults, with similar upward trends observed in Western nations.
For instance, according to a World Health Organization study published in August 2024, only 36% of people with distance vision impairment due to refractive error have access to corrective eyewear. Additionally, over 800 million individuals live with near vision impairment (presbyopia) that could be corrected with a simple pair of reading glasses—highlighting a vast, underserved global market.
In terms of price range, mid segment is estimated to contribute the highest market share of 36.7% in 2025.
The eyewear market offers a broad price range that caters to different consumer needs, from affordable basic options to high-end luxury frames. The mid-range segment strikes a balance between quality, style, and affordability, appealing to consumers who want durable, fashionable eyewear without paying premium prices. This diverse pricing structure allows brands to reach a wide audience and capitalize on increasing demand driven by both vision correction needs and evolving fashion trends.
By integrating AI technologies into design, manufacturing, and customer experience processes, eyewear companies are redefining how consumers select, fit, and use optical products. This fusion of technology and tradition is enhancing both the operational efficiency of businesses and the overall satisfaction of customers.
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Europe is expected to be the largest market for eyewear, accounting for 45.0% of the market share in 2025. The growth of the eyewear market in Europe is attributed to the increasing demand for eyewear in countries such as France, Germany, the Netherlands, and Russia.
For instance, according to the EUREYE study, 3.3% of the European population aged 65 years or older has AMD. The prevalence is 40% higher in women than men and rises steeply with age. This would indicate approximately 2.5 million Age-related Macular Degeneration (AMD) cases within the 27 EU nations.
Asia Pacific is expected to account for 25% of the market share in 2025. The growth of the eyewear market in Asia Pacific is attributed to the increasing demand for eyewear in countries such as India and China.
For instance, according to an April 2025 study by Roche, although 91% of adults over 40 express concerns about their vision health, only 28% undergo annual or more frequent eye exams. Additionally, one in three individuals delay seeking care until symptoms arise, and 12% have never consulted an eye care professional, underscoring the potential for increased awareness and market growth in the region.
China’s eyewear market is growing rapidly due to its large population, urbanization, and rising middle class incomes. A high prevalence of vision disorders like myopia, especially among younger people, drives the demand for corrective and fashionable eyewear.
According to the Journal of Global Health, about 60 million people in China have vision impairment, with a significant portion aged 70 and above, highlighting substantial market potential.
India’s eyewear market is witnessing significant growth driven by increasing awareness about vision care, rising rates of vision impairment, and a young population that is more fashion-conscious than previous generations. The expansion of organized retail chains and online eyewear platforms is making quality eyewear more accessible across urban and semi-urban areas.
In 2022, India surpassed China to become the world’s most populous country, with nearly 1.4 billion people across 28 states and 8 Union Territories. With approximately 550 million people requiring eyeglasses for clear vision, India is a key focus for the International Agency for the Prevention of Blindness (IAPB), underscoring its significant potential in the global eyewear market.
Japan’s eyewear market growth is influenced by its aging population, which is increasingly seeking products to address age-related vision issues like presbyopia and cataracts. Technological innovation in eyewear, such as blue-light blocking lenses and smart glasses, also appeals to tech-savvy consumers. Additionally, high standards for quality and design drive demand for premium eyewear products in the country.
In Brazil, rising awareness about eye health, increasing urbanization, and improving healthcare access are major factors driving the eyewear market. The country’s young demographic, combined with a growing middle class, is fueling demand for both corrective and fashionable eyewear. Economic growth and expanding optical retail networks also contribute to broader product availability and consumer adoption.
| Report Coverage | Details | ||
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| Base Year: | 2024 | Market Size in 2025: | USD 217.04 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 8.9% | 2032 Value Projection: | USD 394.21 Bn |
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| Companies covered: |
Luxottica Group SpA, Essilor International S.A, Carl Zeiss AG, Hoya Corporation (Life Care), Johnson & Johnson Vision Care, Inc., Cooper Companies Inc., Fielmann AG., Safilo Group Spa, Marcolin S.p.A., and De Rigo S.p.A. |
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*Definition: Eyewear refers to any device worn over both eyes and occasionally a single eye for one or more purposes. Historically, eyewear was used for vision improvement and correction, but it has evolved into eye protection, fashion, and aesthetic purposes. Eyewear can also be used for specialized or niche purposes such as active shutter 3D systems and night-vision goggles.
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About Author
Sakshi Suryawanshi is a Research Consultant with 6 years of extensive experience in market research and consulting. She is proficient in market estimation, competitive analysis, and patent analysis. Sakshi excels in identifying market trends and evaluating competitive landscapes to provide actionable insights that drive strategic decision-making. Her expertise helps businesses navigate complex market dynamics and achieve their objectives effectively.
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