Full Glasses Frame Market Size, Share & Industry Analysis, By Material Use (Metal, Plastic, Others), By Quality (High, Standard, Low), By End-User (Below 16 years, 16-50 years, 50 years and above) and Regional Forecast, 2024-2032

Full glasses frames are being more commonly used due to the growing number of people suffering from a vision problem. The rising number of eye clinics across the globe increases the consumption rate as doctors mostly recommend their patients to wear the glasses to maintain a better vision. Furthermore, the growing number of people suffering from myopia drive more needs as this medical condition results in difficulty in viewing far of objects. According to the data released by the AOA.ORG, March 2019, there is a projection of 40 % of the American population to be suffering from myopia and the number is expected to rise at an alarming rate.

Moreover, the innovation of smart glasses which comes with the ability to not only better the vision but also has the capability to check social media notification, provide GPS navigation, check the weather condition, tells time, and others act as one of the great opportunity for the growth of the market.

The rising use of digital devices such as computers, smartphones, tablets, and others for long hours is creating more eyesight problems and this is acting as one of the major driving factors for the growth of the market. Employees working for long hours especially in corporate offices create more need as a large percentage of the people are suffering from vision problems. Likewise, a large number of schools and college students who spend long hours in reading and writing are also tend to develop eye issues. According to the data released by Affordable College Online.Org, there is a projection of 50% of graduates become short-sightedness which is a study conducted by AAO.

However, the growing popularity of substitute products such as contact lenses, and laser treatment decrease the use of full glasses frame and acts as a hampering factor for the market growth. According to the data published by the Centre for  Disease Control and Prevention, 45 million Americans are projected to be using contact lenses.

Key Market Driver -

The growing use of digital devices act as one of the major driving factor for the market growth.

Key Market Restraint -

Availability of substitute products act as a restraining factor for the market growth.

Key Players Covered:

The key companies operating in the global full glasses frame market include Essilor Group, Carl Zeiss, Johnson & Johnson Vision Care, Luxottica Group, Hoya Corporation, Safilo Group, and others.

The global full glasses frame market is segmented into material use, quality, and end-user.

On the basis of material, use the market is fragmented into metal, plastic, and others. Metal is projected to be the dominating segment owing to most metal possessing qualities such as corrosion resistance, durability, lightweight,  and others.

Based on quality, the market is allocated into high, standard, and low. Standard quality is anticipated to be the largest segment due to providing affordability to a large percent of the global population while still possessing stylish design and long-lasting qualities.

By end-user, the market is divided into below 16 years, 16-50 years, and 50 years and above. 16-50 years is estimated to be the largest shareholder on an account of this age group consisting of a large percentage of the global work-force, who spend a long period working on digital devices.

Regional Analysis:

On the basis of region the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East& Africa.

The Asia Pacific is projected to be the dominating region and is anticipated to continue its dominance during the forecast period 2020-2027. Economic growth brings about possession of more purchasing power which is leading to the increasing health concern including eye care. Furthermore, due to the flourishing growth of the manufacturing industry especially in countries like India and China there is an increase in contamination of air and water which is harmful to the health of the eye and this thus generates more needs of the product. For instance, according to the article,’ How To Take Care Of Your Eyes In Air Pollution In Delhi NCR?’ published by Eye7 Chaudhary Eye Centre, harmful gases such as nitrogen dioxide carbon, coarse dust particles, and carbon monoxide has the ability to cause different harms such as eye allergies, blurry vision, eyelid swelling, and watering eyes,. Additionally, a large percentage of the youth population playing video games creates more demand for the product as they are spending long hours on the game. According to the Japanese Times, Nov 2019,12 % of the youth population at the age of 10 to 29  years are estimated to be playing video games for 6 hours on a regular basis.

North America is projected to show significant growth during the forecast period owing to the high standard of living large percentage of the population consult doctors even for minor issues that they having including eye care. According to the data released by the American Medical Association, there is an estimation of 23,861 ophthalmologists present in the United States.

ncluding eye care.sue blurry ogimentsercentage of the world's of designsAdditionally, large production of visual-based entertainment in North America is contributing to more demand as this includes movies, music videos, vlogs, and others which results in the use of eyes for a long period of time.

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Segmentation

Key Industry Developments

• In December 2019, Blender Eyewear announced its acquisition of Safilo Group at  $90 USD million. This acquisition is projected to bring a new price point to the consumer efficiently and effectively.


• In May 2019,Chloë sevigny and Varby Parker declared their collaboration for the  launch  new glasses. The eyewear brand is hoping to recreate the sellout achievement from its first partnership with the "It" girl in 2018.