Prescription Goggles Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI400
Global prescription goggles market size is forecast to witness significant growth prospects from 2016 to 2023. Increasing demand for eye safety among individuals is predicted to impel industry demand over the forecast period.
Global goggles market size is predicted to hit over USD 1.5 billion in revenue by 2023. According to the National Institute for Occupational Safety and Health, approximately 2,000 U.S. workers sustain work-related eye injuries daily, which require medical treatment. These are either on account of lack of eye protection, or the use of wrong eye protection.
Prescription sunglasses industry will exhibit revenue growth at more than 3% CAGR from 2016 to 2023.
Rising popularity in numerous activities such as swimming, football, ski, sky diving, underwater diving, snowmobile and motocross is likely to fuel prescription goggles market growth.
These products offer several attributes such as superior comfort, improved performance, aesthetic appeal, as well as better fit. They provide enhanced visual acuity by reducing blurry vision and the specialized sides allow users to utilize peripheral vision to its maximum extent. Additionally, they prevent glare even in intense sunlight.
Goggles are used in order to ensure occupational health or safety, as well as for sports and related activities. They can be employed in environments involving mechanical, chemical or optical risk; for example in dusty environments, foundry cleaning, working with acid and galvanic media, etc.
Competitive swimmers use this eyewear to increase speed and achieve better lap times owing to improved underwater vision. Corrective prescription swimming goggles are rigged with thermal plastic rubber gaskets for avoiding leakage. They are also equipped with a highly durable split head strap for a secure fit. The polycarbonate lenses used in these products offer full UVA (Ultra Violet A) and UVB (Ultra Violet B) protection.
The manufacturing process for the production of polycarbonate lenses results in high impact resistance of the resultant lens; since this is the key parameter for safety glasses, polycarbonate lenses are expected to witness steady demand over the forecast period. Majority of polarized polycarbonate sunglasses use injection molding for lens production. However, since it is a soft material, applying scratch-resistant coating becomes essential to prevent scratches on the surface. Regardless of the technique used for production, the coatings applied on the lens after manufacture determine prescription goggles market price trend.
Frames with ASTM F803 standard are the most recommended ones owing to their superior quality attributes. In addition, this standard also ensures lens size to be 3mm as it demonstrates high shock resistance.
Since they cover the entire eye, goggles prevent any serious damage. Appropriate padding at crucial points helps in absorbing shock and thus lessens the overall impact, preventing injury. As these products come with elasticized bands, they offer high grip and do not slip off while performing any activity.
Unlike regular eyewear that reflects only 8% of incidental light, these goggles with anti-reflective coating on the lenses offer high visibility as they allow 99% of the light to pass through. Anti-fog coatings provide precise visibility. High flexibility accompanied by ease of removal as well as application offered is expected to boost prescription goggles market size from 2016 to 2023.
On the basis of design, the industry can be divided into rimless, semi rimmed and fully rimmed. Fully rimmed pairs provide high protection as compared to rimless and semi rimmed counterparts. However, rimless are the lightest in weight when compared to the other two variants. Major lens types include progressive and bifocal lenses.
U.S. prescription goggles market size is projected to experience significant growth from 2016 to 2023. Growth across the region can be attributed to considerable percentage of professional sport activities. Asia Pacific is forecast to present growth opportunities owing to gradually increasing adoption rate.
Industry players occupying significant chunk of prescription goggles market share include Speedo, RxSport, Goggleman, Nanyang Kingopt Optical & Electronics and Wenzhou Sunshine Optics. Some other industry participants are Hi-Tech Optical, Iris, Essilor and Uvex Safety Group.
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