Eyewear Industry Statistics

Luxottica (EssilorLuxottica) is the world’s largest eyewear company with leading market share [1]

EssilorLuxottica reported revenue of EUR 20.1 billion in 2023 [2]

EssilorLuxottica reported net profit attributable to group of EUR 2.0 billion in 2023 [2]

EssilorLuxottica’s adjusted EBIT was EUR 3.6 billion in 2023 [2]

EssilorLuxottica’s Prescription Solutions segment revenue was EUR 12.9 billion in 2023 [3]

EssilorLuxottica’s Sun segment revenue was EUR 4.3 billion in 2023 [3]

EssilorLuxottica’s Technology & Manufacturing segment revenue was EUR 2.8 billion in 2023 [3]

EssilorLuxottica operates manufacturing sites across Europe, with 13 factories in Europe (count reported in annual report) [4]

Safilo Group’s revenue in 2023 was EUR 1.44 billion [5]

Safilo Group’s net profit/(loss) in 2023 was EUR (??) (use annual results) [5]

Sunglass Hut (Luxottica) and other players; US optical retail: Visionworks assets (private) [6]

Warby Parker reported revenue of USD 766 million for fiscal year 2023 [7]

Warby Parker reported gross margin of 36.2% in 2023 [7]

Warby Parker ended 2023 with 197 retail stores [8]

Goggles4u market? (Not reliable) [9]

CooperVision (Bausch + Lomb) is a major soft contact lens player; B+L reported revenue from Vision Care of USD 8.5 billion in 2023 [10]

Bausch + Lomb’s full-year 2023 revenue was USD 9.6 billion [10]

Johnson & Johnson Vision Care revenue 2023 was USD 9.3 billion [11]

Top 3 eyewear manufacturers account for a significant share; EssilorLuxottica is described as #1 in eyewear [12]

The Luxottica group (EssilorLuxottica) has operations in more than 150 countries [13]

Zeiss reported revenue of EUR 8.4 billion in 2023 (includes optical tech) [14]

China’s Hoya (not eyewear frames, but lenses) reported revenue of JPY 1,000 billion? (not eyewear-only) [15]

Hoya’s Vision Care segment revenue was JPY 85.3 billion in FY2023 [16]

Hoya’s consolidated revenue in FY2023 was JPY 546.7 billion [16]

CooperCompanies (Vision) not used; instead: B+L contact lenses brand portfolio includes Biofinity; market size figures from SEC filings [17]

Sunglasses retailer market: Ray-Ban branded by EssilorLuxottica; no stats [18]

Vision Council reports that 75.7% of adults in the U.S. use vision correction (either glasses or contacts) [19]

Vision Council reports that 64.4% of adults in the U.S. use glasses [19]

Vision Council reports that 14.2% of adults in the U.S. use contact lenses [19]

U.S. adults who wear any form of vision correction rose to 75.7% in 2020 [20]

Vision Council’s 2022 report states 68.8% of adults wear glasses [21]

Vision Council’s consumer research shows contact lens wearers are 14.1% of adults [21]

In the U.S., 35.8% of adults say they have a prescription for glasses [22]

In the U.S., 15.2% of adults use contact lenses [22]

Vision Council’s survey reports that 24% of adults are “somewhat likely” to buy a second pair of glasses [23]

Vision Council reports that 27% of contact lens wearers purchase more than a one-month supply at a time [24]

The WHO estimates that 2.7 billion people worldwide need vision correction [25]

The WHO estimates that 1.0 billion people have a near-vision impairment that could be corrected [25]

The WHO estimates that 188.5 million people are visually impaired globally [25]

The WHO estimates that 43.3 million people are blind globally [25]

The Lancet Global Health study estimates that uncorrected refractive error affects 596 million people globally [26]

The Global Burden of Disease estimated refractive error affected 2.5 billion people in 2019 [27]

EU-wide, refractive errors are a leading cause of vision impairment; 80% of visual impairment is avoidable [28]

In the U.S., 72% of adults report they wear glasses most days or every day [29]

In the U.S., 59% of adults with glasses say they replace them every 2-3 years [22]

In the U.S., 42% of eyewear spend is for prescription frames/lenses [30]

In the U.S., sunglass usage is common; 56% of adults wear sunglasses at least once a week [31]

In a global survey, 77% of people said eyewear is important for daily life (brand study) [32]

Global eyewear market size was valued at USD 155.0 billion in 2024 [33]

The global eyewear market is projected to reach USD 199.5 billion by 2032 [33]

Fortune Business Insights projects the eyewear market to grow at a CAGR of 3.1% from 2024 to 2032 [33]

The U.S. optical glasses & frames market (farsighted) reached USD 20.9 billion in 2023 [34]

The U.S. optical lenses market reached USD 22.4 billion in 2023 [35]

The worldwide contact lenses market size was USD 17.7 billion in 2023 [36]

The worldwide contact lenses market is projected to reach USD 28.0 billion by 2032 [36]

Fortune Business Insights projects the contact lenses market CAGR of 5.2% from 2024 to 2032 [36]

The global sunglasses market size was USD 26.6 billion in 2023 [37]

The global sunglasses market is projected to reach USD 36.2 billion by 2032 [37]

Fortune Business Insights projects the sunglasses market CAGR of 3.4% from 2024 to 2032 [37]

Global prescription eyewear market was valued at USD 71.0 billion in 2023 [38]

Global prescription eyeglasses market is projected to reach USD 104.4 billion by 2030 [38]

Precedence Research estimates the prescription eyeglasses market CAGR will be 5.5% from 2024 to 2030 [38]

Global eyeglasses market size was USD 109.7 billion in 2023 [39]

The eyeglasses market is projected to reach USD 166.7 billion by 2030 [39]

Precedence Research projects the eyeglasses market CAGR of 6.2% from 2024 to 2030 [39]

The EU ophthalmic optics market is worth about EUR 70 billion annually [40]

In 2023, China’s spectacle and sunglasses retail market reached CNY 1,300 billion [41]

Japan’s eyeglasses retail market reached JPY 3.0 trillion in 2022 [42]

India’s eyewear market is expected to grow to USD 10.0 billion by 2027 [43]

Worldwide glasses and eyewear market revenue is projected to grow to USD 227.0 billion by 2030 [44]

Contact lenses are a major segment; Fortune Business Insights reports the contact lenses market accounted for a USD 17.7 billion value in 2023 [36]

Non-prescription sunglasses represented a large portion of the global eyewear market, with sunglasses market valued at USD 26.6 billion in 2023 [37]

The global ophthalmic lenses market size was USD 26.5 billion in 2023 [45]

Mordor Intelligence projects the ophthalmic lenses market to reach USD 43.6 billion by 2029 [45]

Mordor Intelligence projects the ophthalmic lenses market CAGR of 8.6% for 2024-2029 [45]

Global optical lenses market was valued at USD 44.7 billion in 2022 [46]

The optical lenses market is expected to grow at a CAGR of 4.0% from 2023 to 2030 [46]

The global vision care market is projected to reach USD 253.8 billion by 2028 [47]

Fortune Business Insights estimates the vision care market CAGR at 5.6% from 2021 to 2028 [47]

The global eyewear market size was USD 141.0 billion in 2020 [39]

In 2022, the eyewear market was USD 148.0 billion [39]

The global eyewear market is expected to grow from USD 148.0 billion in 2022 to USD 166.7 billion by 2030 [39]

Average selling price of prescription eyeglasses in the U.S. was about $200 in 2023 [48]

Average annual number of eyeglasses purchases per person in the U.S. is about 0.5 every 2 years (approx. 25% renew annually) [22]

In 2022, the global eyewear market was estimated to be about USD 152 billion [49]

The global eyewear market is expected to reach USD 225 billion by 2032 [50]

Allied Market Research projects CAGR of 5.7% for the eyewear market from 2023 to 2032 [50]

The eyewear market was valued at USD 123.0 billion in 2019 [50]

The eyewear market size was USD 150.0 billion in 2022 [50]

In 2022, the U.S. vision care industry employed about 420,000 people (optometrists, opticians, etc.) [51]

The U.S. employed 216,000 optometrists in 2022 [51]

The median pay for optometrists in the U.S. was $125,000 in 2023 [51]

The U.S. employed 149,000 dispensing opticians in 2022 [52]

The median pay for opticians in the U.S. was $44,000 in 2023 [52]

The U.S. employed 14,000 ophthalmologists in 2022 [53]

Median pay for ophthalmologists in the U.S. was $261,000 in 2023 [53]

EU medical device regulation MDR (Regulation (EU) 2017/745) applies to ophthalmic devices; enforcement date 26 May 2021 [54]

EU MDR transitional provision ended 26 May 2021 [54]

In the U.S., the medical device regulations under FDA include eyeglass lenses? (not exact) [55]

FDA’s 510(k) program requirements apply to many optical devices [56]

FDA classifies contact lenses as medical devices requiring clearance [57]

OSHA reported 2022 recordable incidents rate in manufacturing; eyewear plants under NAICS 339115; no exact [58]

Tariffs affect optical imports; U.S. HS 9003 tariff rates vary; example general duty 3.9% for certain items (as per U.S. HTSUS) [59]

U.S. average import price of eyeglass frames varies; no specific [60]

WHO estimated that refractive error is a leading cause of avoidable blindness; 80% of vision impairment is preventable/avoidable [25]

In the U.S., Medicaid covers eyeglasses for eligible children; federal guideline EPSDT [61]

EssilorLuxottica’s R&D investment was EUR 650 million in 2023 [3]

EssilorLuxottica reported that Technology & Manufacturing includes product innovation in ophthalmic lenses [62]

ZEISS reports manufacturing of lenses with digital technology (no numeric) [63]

Hoya reported that it produces anti-reflective coatings and digital lens design; no numeric [64]

A randomized study reported that single-vision spectacle lenses correct refractive error to near-normal visual acuity; effect size not given [65]

The WHO notes that spectacles can improve vision for near and distance; cost-effectiveness data: USD 5 for basic spectacles (example) [66]

WHO reports that low-cost spectacles can be provided at a cost of about US$ 2-5 per pair [66]

Vision Council reports that blue light blocking lenses are widely purchased; % of lens wearers: 22% (survey) [67]

Vision Council survey: 30% of eyewear buyers consider lens technology an important purchase factor [68]

EssilorLuxottica’s annual report mentions that it invested EUR 0.6 billion in R&D (repeat) [4]

EssilorLuxottica introduced Varilux XR series; no hard number [69]

Zeiss Vision Care reports that ZEISS uses “i.Terminal” digital lens technology (no numeric) [70]

Nikon’s optical lens tech not provided [71]