+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

India Spectacles Market Size, Share & Trends Analysis Report By Distribution Channel (Hospitals & Clinics, Online Stores, Retail Stores, Others), By Country, And Segment Forecasts, 2025 - 2030

  • PDF Icon

    Report

  • 75 Pages
  • January 2025
  • Region: India
  • Grand View Research
  • ID: 6052296
The India spectacles market size was estimated at USD 4.1 billion in 2024 and is expected to grow at a CAGR of 11.4% from 2025 to 2030. Urbanization and screen-related eye strain boost demand for corrective lenses. Fashion trends and affordable eyewear options encourage adoption among younger demographics. Government initiatives for vision health and corporate collaborations with optometry programs improve accessibility. Expanding e-commerce platforms simplify eyewear purchases, particularly in rural areas. The surge in demand for prescription glasses and blue-light blocking lenses due to digital device usage further propels growth. Innovations in lens technology and customizable frames also enhance consumer appeal in this evolving market.

The increasing prevalence of ocular conditions such as cataracts, glaucoma, dry eye syndrome, macular degeneration, and conjunctivitis is driving growth in India’s spectacles market. Cataracts, a leading cause of curable blindness, impact millions, with programs like NPCBVI offering subsidies and free surgeries, though high out-of-pocket expenses persist. Glaucoma remains underdiagnosed, affecting 11.2 million people over 40, with only 20% aware of their condition. Dry eye syndrome, linked to rising screen time, and macular degeneration, seen in 2.7%-4.7% of individuals over 40, further fuels demand for corrective eyewear.

Conjunctivitis cases have surged, driven by adenovirus outbreaks. Gujarat reported 2.17 lakh cases since June, and Maharashtra recorded 87,761 in July, with Buldhana worst-hit (13,550 cases). AIIMS Delhi treats over 100 cases daily. A LocalCircles survey of 14,000 respondents in Delhi, Maharashtra, and Karnataka found 27% of Delhi NCR households were recently affected. Health advisories aim to curb the spread in cities like Mumbai, Pune, and Nagpur.

NGOs play a pivotal role in addressing these challenges, particularly in underserved and rural areas. Their initiatives bridge gaps in access to affordable, high-quality eye care by focusing on innovation and community outreach. In June 2024, the Tamil Nadu-based Coimbatore Sankara Eye Foundation, supported by G.D. Naidu Charities, unveiled India’s first Innovation Lab for Eye Care. This groundbreaking facility is dedicated to advancing eyecare through research, development, and training. By leveraging innovative approaches, the center aims to serve remote rural villages, enhancing diagnoses, prevention, and treatment for the underserved population.

Technological innovations are playing a crucial role in the growth of India’s spectacles market by offering solutions that cater to the evolving needs of consumers. Key advancements like smart eyewear, digital lenses, and enhanced coatings are transforming the industry. Leading brands such as Lenskart, Titan Eyeplus, and players like EssilorLuxottica and Carl Zeiss are at the forefront of this evolution, delivering state-of-the-art products and personalized services. The In-Optics exhibition, held in March 2024, highlighted India's growing influence in the optical market, with over 200 exhibitors and 12,000 attendees. The event underscored India’s role as a hub for manufacturing and R&D in the eyewear sector, fostering trade, collaboration, and innovation. The expressions that support our sayings are,

"Indian Eyewear market is growing at a very fast rate. This growth is driven by an increasing number of people requiring vision correction due to aging populations, increasing screen time, and changing consumer preferences, such as an increasing focus on health and wellness, and a growing awareness of the importance of preventive eye care. Furthermore, the market is being impacted by changing fashion trends, with consumers looking for eyewear products that are both functional and fashionable. Also, the rising e-commerce sector has led to the growth,"
  • Harish Kumar, CEO, RSD Expositions.

India is experiencing rapid aging, with the elderly population projected to rise from 153 million in 2023 to 347 million by 2050, constituting over 20% of the population. This demographic shift fuels demand for spectacles, as age-related vision impairments like presbyopia and cataracts increase. Government initiatives like the National Programme for Health Care of the Elderly (NPHCE) and Elderline are addressing seniors' healthcare needs, while the "Silver Economy" offers growth opportunities. The “silver economy” presents a lucrative market for businesses to cater to aging consumers, emphasizing tailored healthcare products and services. Investments in elder-centric innovations, including spectacles designed for enhanced comfort and usability, align with the demographic’s unique needs. Specialized geriatric care, digital literacy, and disaster preparedness are vital strategies for inclusivity and well-being.

India Spectacles Market Report Segmentation

This report forecasts revenue growth at country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the India spectacles market report based on distribution channe:

Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals & Clinics
  • Online Stores
  • Retail Stores
  • Others

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. India Spectacles Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.1.1. Increasing prevalence of ocular conditions
3.3.1.2. Technological advancements
3.3.1.3. Rising geriatric population
3.3.2. Market Restraints Analysis
3.3.2.1. Preference for alternatives
3.3.2.2. Limited access to eye care across India
3.4. U.S. India Spectacles Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
Chapter 4. India Spectacles Market: Distribution Channel Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. India Spectacles Market: Distribution Channel Movement Analysis, 2024 & 2030 (USD Million)
4.3. Hospitals & Clinics
4.3.1. Hospitals & Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Online Stores
4.4.1. Online Stores Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Retail Stores
4.5.1. Retail Stores Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Others
4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Competitive Landscape
5.1. Recent Developments & Impact Analysis by Key Market Participants
5.2. Company Categorization
5.3. Company Heat Map Analysis
5.4. Company Profiles
5.4.1. Carl Zeiss
5.4.1.1. Participant’s Overview
5.4.1.2. Financial Performance
5.4.1.3. Product Benchmarking
5.4.1.4. Recent Developments/ Strategic Initiatives
5.4.2. Titan
5.4.2.1. Participant’s Overview
5.4.2.2. Financial Performance
5.4.2.3. Product Benchmarking
5.4.2.4. Recent Developments/ Strategic Initiatives
5.4.3. Lenskart
5.4.3.1. Participant’s Overview
5.4.3.2. Financial Performance
5.4.3.3. Product Benchmarking
5.4.3.4. Recent Developments/ Strategic Initiatives
5.4.4. Glaze Opticals
5.4.4.1. Participant’s Overview
5.4.4.2. Financial Performance
5.4.4.3. Product Benchmarking
5.4.4.4. Recent Developments/ Strategic Initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 India spectacles market by distribution channel, 2018 - 2030 (USD Million)
Table 4 Participant’s overview
Table 5 Financial performance
Table 6 Key companies undergoing expansions
Table 7 Key companies undergoing acquisitions
Table 8 Key companies undergoing collaborations
Table 9 Key companies launching new products
Table 10 Key companies undergoing partnerships
Table 11 Key companies undertaking other strategies
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market summary, 2024 (USD Million)
Fig. 9 Market segmentation & scope
Fig. 10 Market driver impact
Fig. 11 Market restraint impact
Fig. 12 Porter’s analysis
Fig. 13 SWOT analysis
Fig. 14 India spectacles market: Distribution channel outlook and key takeaways
Fig. 15 India spectacles market: Distribution channel movement analysis
Fig. 16 Hospitals & Clinics market, 2018 - 2030 (USD Million)
Fig. 17 Online Stores market, 2018 - 2030 (USD Million)
Fig. 18 Retail Stores market, 2018 - 2030 (USD Million)
Fig. 19 Others market, 2018 - 2030 (USD Million)
Fig. 20 Heat map analysis
Fig. 21 Market participant categorization
Fig. 22 India spectacles market share analysis, 2024
Fig. 23 Strategy framework

Companies Mentioned

  • Carl Zeiss
  • Titan
  • Lenskart
  • Glaze Opticals

Methodology

Loading
LOADING...