North America Eyewear Market Value - By Product Type (Sunglasses, Spectacles, Contact Lenses, and Others), By Sales Channel (Online Store, Retail Stores, Ophthalmic Clinics, and Others), By End User (Men, Women, and Children), By Country, By Industry Analysis, Size, Share & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• North America Eyewear Market size was exceeded USD 32.9 Billion in 2022.
• The market is expected to showcase a CAGR of over 4.3% from 2023 to 2032. 
• By the end of the forecast period, the industry size of North America eyewear is anticipated to reach a valuation of around USD 49.5 Billion.

The North American market keeps expanding, fueled by a combination of vision needs, fashion trends, technological advancements, and consumer convenience, making it a dynamic and competitive industry within the region. 

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Market Overview:

The North America eyewear market is a significant and profitable industry that includes a wide range of eyewear products that cater to the diverse needs and preferences of consumers throughout the region. Prescription glasses, sunglasses, contact lenses, and non-prescription reading glasses are all available on the market. Several factors have contributed to the market's steady growth in recent years. The rising prevalence of vision-related disorders such as myopia, hyperopia, and astigmatism has contributed to an increase in prescription eyewear demand. Furthermore, the aging population in North America has increased the demand for vision correction, as older people are more susceptible to age-related eye conditions such as presbyopia. The region is home to several prominent eyewear brands, both international and domestic, which compete in terms of product quality, design, and innovation. These brands often collaborate with fashion designers and celebrities to create stylish eyewear collections, further fueling consumer demand. Moreover, advancements in lens technologies, such as anti-glare coatings, photochromic lenses, and blue light filters, have also contributed to the growth of the market.

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Growth Drivers:

• Increased Prevalence of Vision Issues: The rising prevalence of vision-related issues in the population, such as myopia, hyperopia, astigmatism, and presbyopia, is a key driver of the market. As the number of people who have vision problems increases, so does the demand for prescription glasses and contact lenses.
   
• Trends in Fashion and Style: Eyewear has evolved into a fashion accessory, and customers now consider it an essential component of their personal style. Demand for trendy and fashionable frames, both in prescription glasses and sunglasses, benefits the market. Collaborations between eyewear manufacturers and fashion designers or celebrities fuel this trend even more.
   
• E-commerce and online retailing: The rise in popularity of online shopping and e-commerce platforms has had a significant impact on the eyewear industry. Customers can now order prescription glasses or contact lenses online and try on virtual frames. This has increased market reach and customer convenience.

Restraints:

Corrective eye surgery is becoming more popular: As the prevalence of vision disorders increases, so does the demand for eyewear. However, many people in North America who wear glasses choose corrective eye procedures like LASIK, PRK, LASEK, EpiLasik, and others if they can. In addition, tax breaks and insurance coverage are two helpful government policies that promote corrective eye surgery in North America. Even if your insurance does not cover the cost of laser eye surgery, you may be eligible for a Health Spending Account in Canada. This could reduce the region's demand for eyewear.

By Product Type Synopsys:

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The North America market is classified by product type into sunglasses, spectacles, contact lenses, and others. The spectacles segment is expected to have the revenue share during the forecast period. The rise can be attributed to the region's growing population of visually impaired people. Spectacles are also more convenient than contact lenses in that they require less maintenance, are easier to put on and take off, and do not necessitate strict hygiene habits. Contact lenses have a sizable market share. Contact lenses are worn by approximately 45 million people in the United States, accounting for 14% of the population.  

By End User Synopsys:

The North America market is classified end user into men, women, children. Among these segments, the women segment is expected to hold the largest share of the North America Eyewear Market during the forecast period. Women account for 58% of those who wear and own at least one pair of glasses, while men account for 42%, according to the Vision Council of America. In the market, female customers' demand for fashionable and branded eyeglasses has increased. The rise in the proportion of female professionals and women's economic independence are the primary factors driving women's adoption of eyeglasses goods. 

Key Development:

• In December 2022, Authentic Brands Group and Innovative Eyewear, Inc. disclosed a multi-year international licensing agreement for Eddie Bauer smart eyewear.

Top Companies Includes In The North America Eyewear Landscape:

• Luxottica Group S.p.A.
• EssilorLuxottica
• Johnson & Johnson Vision Care, Inc.
• The Cooper Companies Inc.
• Bausch Health Companies Inc.
• Safilo Group S.p.A.
• National Vision Holdings, Inc.
• Visionworks of America, Inc.
• Warby Parker
• Zenni Optical
• Marchon Eyewear Inc.
• Marcolin S.p.A.
• Carl Zeiss AG
• Ray-Ban
• Others

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In-depth analysis of North America Eyewear Market along with industry coverage and forecasting for the following segments:

Market Size, By Product Type

• Sunglasses
• Spectacles
• Contact Lenses
• Others

Market Size, By Sales Channel

• Online Store
• Retail Stores
• Ophthalmic Clinics
• Others

Market Size, By End User

• Men
• Women
• Children

Market Size, By Country

• United States
• Canada
• Rest of North America