Prescription Goggles Market Trends

Segmentation Analysis:

The Prescription Goggles Market is segmented by Product, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Product the market is segmented as, The polycarbonate goggles segment will expand at a notable rate over the assessment period 2022-2028. Polycarbonate lenses are highly preferred over plastic lenses owing to their strength, light-weight and durability features. These goggles have superior impact resistance and are thinner. Anti-reflective coatings are being added to polycarbonate lenses. Polycarbonate material prescription goggles have set the trend for their built-in scratch-resistant and reduced distortion attributes. Prescription goggles market share from the rimless lens segment will grow at a sizable rate. These glasses are ideal for stylish and minimalist design, including lens shapes such as ovals and aviators. The millennial population has shown interest in rimless frame owing to their lightweight option. With respect to coating, the prescription goggles market share from anti-reflective coating segment will account for a considerable share by 2028. Anti-reflective (AR) lens treatment minimizes the light reflected by the lens and makes eyes appear more natural. These upsides are mainly attributed to the ability of the coating to eliminate reflection from the back and front surfaces. AR coating will gain prominence in sunglasses as it removes glare from sunlight. Recently, premium anti-reflective coating lenses are being introduced to make lenses easier to clean.
• Based on Region the market is segmented as, North America value will surge significantly over the next few years. Advanced economies such as the U.S. are observing the trend for smart glasses that can address prescription needs. Leading companies are customizing prescription lenses and integrating technologies such as 3D printed lenses. Besides, UV-blocking lenses will further gain prominence following the surge in the number of people affected with cataracts. Stakeholders are expected to boost investments in the Asia Pacific region as full-rimmed glasses have gained prominence for their durability. Emerging economies such as India and China are major consumers of full-rimmed glasses owing to their stability and tolerance for the majority of face shapes. APAC prescription goggles market growth will mainly be attributed to the trend for polycarbonate glasses and sunglasses. Leading companies are expected to boost their strategies through mergers & acquisitions, divestment, product launches and collaboration. For instance, EssilorLuxottica (formed after the merger of Essilor with Luxottica in 2018), received approval from the EU for $8.5 billion acquisition of GrandVision in March 2021., COVID-19 impact on global prescription goggles market value