Optical Goods Stores Market Report 2025

The optical goods stores market size has grown strongly in recent years. It will grow from $70.87 billion in 2024 to $75.31 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to population demographics, increased screen time, healthcare awareness, insurance coverage, educational initiatives, rise in vision disorders.

The optical goods stores market size is expected to see strong growth in the next few years. It will grow to $92.97 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to aging population demands, digital eye strain awareness, sustainable and eco-friendly eyewear, health and wellness trends, globalization of fashion, increased focus on preventive eye care. Major trends in the forecast period include digital transformation, telehealth and remote eye care services, smart eyewear integration, innovative marketing strategies, remote frame styling services, specialty eyewear categories.

The optical goods store market is anticipated to experience growth due to the increasing prevalence of ocular diseases. Ocular diseases encompass a range of conditions that hinder normal eye function and adversely impact vision. Optical goods stores play a crucial role in offering eyewear products that alleviate strain, prevent or treat eye conditions, and address vision-related issues. The World Health Organization reported that over 2.2 billion people worldwide are affected by near- or distance vision impairment, with nearly half of these cases being preventable or untreated. This prevalence of ocular diseases is a driving factor for the growth of the optical goods store market.

The increasing prevalence of diabetes is expected to drive growth in the optical goods store market moving forward. Diabetes is a chronic medical condition characterized by elevated blood glucose levels due to the body's inability to produce sufficient insulin or effectively utilize the insulin it produces. As the prevalence of diabetes rises, there is a heightened demand for optical goods, as individuals prioritize preventive eye care. This trend leads to an expanded customer base and more frequent visits for eye examinations and eyewear purchases at optical goods stores. For example, in June 2023, the Institute for Health Metrics and Evaluation (IHME), a US-based health research organization, reported that around 529 million people worldwide are living with diabetes, accounting for approximately 6.1% of the global population. This number is projected to more than double, reaching 1.3 billion by 2050. Thus, the growing prevalence of diabetes is fueling the growth of the optical goods store market.

Major companies are focusing on innovation, introducing products such as water gradient multifocal contact lenses designed for cellular and immune health. These contact lenses, exemplified by Alcon's TOTAL30 Multifocal, utilize water gradient technology to combat digital device dryness. The lenses provide nearly 100% water content at the surface, ensuring exceptional comfort and moisture for contact lens wearers with presbyopia. For instance, in October 2023, Alcon's introduction of the TOTAL30 Multifocal demonstrates a commitment to offering premium water gradient innovation at an affordable price point suitable for monthly lens replacement.

Innovation in the optical goods store market is the development of myopia management spectacle lenses. For instance, in April 2023, Hoya Vision Care's MiYOSMART sun range, are designed to control the progression of myopia in children. Featuring D.I.M.S. Technology, these lenses provide correction for myopic refractive errors while actively slowing down the progression of myopia. The MiYOSMART Chameleon and MiYOSMART Sunbird lenses offer dual functionality by addressing myopia progression while providing protection from intense sunlight, allowing children to engage in various indoor and outdoor activities without compromising vision.

In March 2024, Reliance Brands Limited, an India-based company that specializes in premium brand retail partnerships and luxury fashion, acquired LensCrafters India from DLF Brands for an undisclosed amount. This acquisition is intended to enhance Reliance Brands' portfolio of premium and luxury offerings in India, capitalizing on the increasing demand for high-end eyewear and fashion accessories. LensCrafters is a US-based optical retail company.

Major companies operating in the optical goods stores market include Luxottica Group S.p.A., Johnson & Johnson Vision, Safilo Group S.p.A., Alcon, Oakley Inc., The Cooper Companies Inc., Bausch & Lomb Incorporated, Hoya Corporation, Carl Zeiss AG, Seiko Optical Products Co. Ltd., Zenni Optical Inc., Warby Parker, Silhouette Group, Rodenstock GmbH, Marcolin, Charmant Group, De Rigo Vision S.p.A, Fielmann AG, JINS Inc., Marchon Eyewear Inc., Shamir Optical Industry Ltd., Essilor International SAS, Vision Source, National Vision Holdings Inc., MyEyeDr., Eyeconic.

North America was the largest region in the optical goods stores market in 2024. The regions covered in the optical goods stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the optical goods stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Optical goods stores are establishments where customers can acquire eyeglasses and frames. These stores offer a variety of products, including eyeglasses, sports eyewear, and safety and protection eyewear.

The main products available at optical goods stores comprise spectacles, sunglasses, and contact lenses. Spectacles typically consist of two lenses mounted in a frame, worn by individuals to enhance their vision. These products cater to men, women, and unisex genders and are distributed through both e-commerce platforms and traditional brick-and-mortar channels.

The optical goods stores market research report is one of a series of new reports that provides optical goods stores optical components market statistics, including optical goods stores optical components industry global market size, regional shares, competitors with optical goods stores optical components market share, detailed optical goods stores optical components market segments, market trends and opportunities, and any further data you may need to thrive in the optical goods stores optical components industry. The optical goods stores optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The optical goods stores market includes revenues earned by entities by providing eye exams, glasses repair, adjustments, and home delivery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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