Eyeglasses

Market overview

Supplier landscape

Pricing

  • 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.