In 2021, the market for Reading Glasses worldwide was worth $15.37 billion US dollars. AMR Group projects that the market will reach US$ 23.65 billion by 2031, growing at a CAGR of 5.7 percent between 2022 and 2031.
Reading glasses are corrective eyeglasses used to correct presbyopia, a condition in which the eyes gradually lose the ability to focus on nearby objects. Presbyopia is a natural part of aging, and typically affects people over the age of 40. Reading glasses have a convex lens that magnifies nearby objects, making them appear larger and clearer to the eyes. They are designed to be worn only when reading or doing other close work, such as sewing or using a computer. Reading glasses are available over-the-counter without a prescription, and come in various strengths or diopters, ranging from +1.00 to +4.00 diopters or higher, depending on the individual's needs.
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