The global optical retail market was valued at USD 190.78 Billion in 2025, driven by the increasing prevalence of visual impairments across the globe. The market is expected to grow at a CAGR of 4.89% during the forecast period of 2026-2035, with the values likely to reach USD 307.52 Billion by 2035.
Base Year
Historical Period
Forecast Period
The increasing prevalence of visual impairments and the growing aging population are driving the demand for prescription glasses and other optical products.
The rising popularity of smart glasses that are integrated with technology is a major market trend.
The increasing advancements in eyewear technology are poised to elevate the market value in the forecast period.
Compound Annual Growth Rate
4.89%
Value in USD Billion
2026-2035
*this image is indicative*
Optical retail helps in offering products and services to people with vision problems and to maintain good eye health. Optical retail stores sell items such as prescription glasses, contact lenses, sunglasses, and eyewear accessories. They also offer services like eye exams and vision testing to the customers. The increasing prevalence of visual impairments and eye disorders is a primary driver of the market, propelling the demand for corrective eyewear. Further, the growing aging population who are more prone to developing eye conditions is expected to boost the demand for prescription glasses and other optical products. Moreover, the rising advancements in eyewear technology and the growing emphasis on eye health are anticipated to impact the market dynamics.
Increasing Prevalence of Vision Impairment Drives Market Growth
According to the World Health Organisation (WHO), around 2.2 billion individuals are affected by a near or distance vision impairment. It is reported that visual impairment poses a massive financial burden, leading to an annual global cost of productivity amounting to USD 411 billion. Further, it is indicated that issues related to vision impairments are usually found in people over the age of 50 years. Thus, the rising burden of vision impairment and the increasing size of the elderly population are projected to fuel the market growth.
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
"Optical Retail Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Material Type
Market Breakup by End User
Market Breakup by Distribution Channel
Market Breakup by Region
Market Segmentation Based on Material Type is Anticipated to Witness Substantial Growth
Based on the material type, the market is segmented into plastic, aluminum, stainless steel, glass, polycarbonate, and others. Plastic is one of the most commonly used materials due to its affordability and lightweight nature, particularly for making eyeglass frames for both prescription glasses and sunglasses. These plastic frames are usually made from acetate, propionate, and nylon and are available in a wide range of colors and designs.
North America is one of the largest markets for optical retail. The market share can be attributed to a high prevalence of visual impairments and a growing aging population needing vision correction due to conditions such as myopia, hyperopia, and presbyopia. The high disposable incomes of consumers in North America allow them to purchase premium eyewear products and invest in advanced eye care services. Moreover, the strong focus on eye health and greater access to optometrists and ophthalmologists are some of the factors poised to fuel the market growth in the region.
The key features of the market report comprise patent analysis, strategic initiatives, and technological advancements by the leading key players. The major companies in the market are as follows:
German-based eyewear company Fielmann Group AG is one of the leading players in the market and enjoys a strong presence in Europe for its wide range of eyewear products, including prescription glasses, sunglasses, and contact lenses. The company is actively engaged in expanding its footprint by opening new stores and participating in strategic acquisitions.
EssilorLuxottica is a dominant player in the market formed through the merger of Essilor (a leading manufacturer of ophthalmic lenses), and Luxottica (a major eyewear manufacturer and retailer) in 2018. The company has more than 20 licensed brands including Ray-Ban, Vogue Eyewear, and Oakley. It is operating in 150 countries, with a network of 18,000 stores offering superior shopping experiences to its customers. Further, the company achieved a major milestone by collaborating with Meta in 2021 to launch Ray-Ban Stories smart glasses.
Based in Ontario, Canada, Bausch + Lomb is a prominent eye health products company, ranking as one of the world's largest suppliers of lens care products, intraocular lenses, contact lenses, pharmaceuticals, and other eye surgery products. This eye health organization offers a robust portfolio of over 400 products and a market presence in around 100 countries.
Lenskart is counted as one of Asia's largest eyewear companies, with a strong commercial footprint in the optical retail market in India. The company is known for its tech-driven retail experience including 3D try-on features, home eye check-ups, and AI-driven recommendations.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Titan Eye+, DBEYEWEAR, BOLON, Yateem Group, Johnson & Johnson Vision Care Inc., and Safilo Group SpA.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Material Type |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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