- Large need: myopia and presbyopia affect 2.6 billion and 1.8 billion people respectively globally.
- Only 36 per cent globally have access to appropriate spectacles.
- Market segmented by type (prescription glasses and reading glasses) and by component (frames, lenses and ready-made reading
glasses).
|
- A global market led by companies such as EssilorLuxottica, Carl Zeiss and Hoya.
- China is the primary manufacturing location.
- Rise of local manufacturing in emerging markets like India.
|
- Prescription glasses in high-income countries range between 240 and 1,000 dollars.
- Price disparities in low- and middle-income countries due to import duties, logistics, and distribution costs.
- Manufacturing cost is 1-1.20 dollars for lenses and frames, and 0.4-0.5 dollars for reading glasses.
|