Contract Furniture Market Set for Significant Growth Driven by Rising Demand in Hospitality Till 2030

The global contract furniture market size is expected to reach USD 209.48 billion by 2030, registering a CAGR of 5.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing capital investments in office, institutional, healthcare/medical facilities, and hospitality infrastructure is expected to generate the need for commercial furniture. The growth of the hospitality and housing & commercial construction industry and the resultant demand for premium and luxury furniture is expected to accelerate the industry growth during the forecast period. Manufacturers focus on developing multifunctional office furniture that provides enhanced comfort during long working hours and facilitates space utilization. Offices that intend to encourage effective employee collaboration to enhance productivity are boosting the demand for modern office furniture.

In recent years, office infrastructure has been witnessing a change in furniture layouts, which is driven by the demand for cost-effective and comfortable amenities. The pandemic badly affected the global economy and the contract furniture market. To break the chain and spread of coronavirus, lockdown orders were imposed by various countries across the globe. Moreover, most companies have completely shifted to a work-from-home model, which left a huge surplus of used furniture and very low demand for new products in 2020. In terms of value, the corporate offices' end-user segment dominated the industry and accounted for the largest revenue share in 2022. The information technology industry continues to be a strong and growing sector around the globe, which is driving the demand for office space expansion. The most important characteristic of technology is its extended impact on the global economy and the job market.

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This, in turn, is expected to positively affect the corporate office furniture market. The online distribution channel segment is projected to grow at the fastest CAGR during the forecast period due to factors, such as improved internet connectivity and the advent of online shopping events, like Black Friday and Cyber Monday. Moreover, consumers have started switching to e-commerce channels to shop for their furniture needs, which helps reduce their need to visit physical retail stores to compare their product features and prices. This may propel the industry growth during the forecast period. Asia Pacific held the largest market share in 2022 owing to the growth of the real estate sector in developing countries, such as China and India. Moreover, development in the economy and improving work conditions are the major factors that will support product demand in the Asia Pacific region.

Contract Furniture Market Segments Highlights:

• Chairs & Stools accounted for a revenue share of over 33% in 2024. The increasing demand for computer chairs, conference chairs, executive chairs, etc. from various end-users is propelling the growth of this segment.

• Contract furniture sales in corporate offices accounted for a revenue share of over 42% in 2024. The expanding business environment, rapid creation of IT parks, increase in the number of start-ups, corporate expansion, and increasing commercial zones have led to increased demand for office space and employment, which is further accelerating the market growth.

• Offline sales accounted for a revenue share of over 76% in 2024. Offline sales channels, including direct sales and dealer networks, continue to play a vital role in the growth of the contract furniture market. Manufacturers like Haworth Inc. and Herman Miller Inc.

• North America contract furniture market accounted for a revenue share of 27.62% of the global market revenue in 2024. Companies in the region are increasingly leveraging cutting-edge technologies, such as cloud-based ERP systems, in the contract furniture market.

Browse through Grand View Research's Homecare & Décor Industry Research Reports.

• Home Furnishing Market: The global home furnishing market size was estimated at USD 948.0 billion in 2023 and is expected to grow at a CAGR of 9.0% from 2024 to 2030.

• U.S. Office Furniture Market: The U.S. office furniture market size was estimated at USD 14.90 billion in 2022 and is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.

Segments Covered in the Report

Grand View Research has segmented global contract furniture market based on the product, end-user, distribution channel, and region:

Contract Furniture Product Outlook (Revenue, USD Billion, 2018 - 2030)
• Chairs & Stools
• Tables & Desks
• Storage Furniture
• Sofa & Couch
• Others

Contract Furniture End-user Outlook (Revenue, USD Billion, 2018 - 2030)
• Government
• Corporate Offices
• Institutional
• Healthcare/Medical Facilities
• Hospitality
• Others

Contract Furniture Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
• Offline
• Online

Contract Furniture Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
• Latin America
o Brazil
• Middle East & Africa
o South Africa

Order a free sample PDF of the Contract Furniture Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Business Process Outsourcing Market Set for Growth Driven by Digital Transformation Till 2030

The global business process outsourcing market size is anticipated to reach USD 525.23 billion by 2030, growing at a CAGR of 9.6% from 2024 to 2030, according to a new study by Grand View Research Inc. Factors such as the increasing demand for outsourcing services across human resources, BFSI, and IT & telecommunication industries and the rising inclination of organizations to focus on their core competencies are anticipated to drive the business process outsourcing (BPO) market. Moreover, the evolution of next-generation services such as personalized consumer experience, smart self-service, and rising consumer demand for multi-channel communication is anticipated to create opportunities for the market over the forecast period.

Over the last decade, the industry has experienced tremendous growth owing to benefits offered by business process outsourcing services, such as cost savings and increased flexibility. The global service industry has witnessed a dynamic shift with the advancement of the information and communication technology. Outsourcing business processes enables organizations to cut costs by shifting operations to nearshore or offshore locations, leveraging a low-cost and dynamic talent pool to meet business requirements. Additionally, the rising adoption of cloud-based services, artificial intelligence, and robotic process automation in the BPO sector is expected to favor market growth in the coming years. Online interactions, cross-channel campaigns, and omnichannel communications are expected to be pivotal in improving customer engagement processes.

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The global business process outsourcing market continues to experience robust growth driven by several key factors. Technological advancements, particularly in automation, artificial intelligence, and data analytics, are revolutionizing BPO operations, enhancing efficiency, and enabling more sophisticated services. Companies are increasingly focusing on core competencies while outsourcing non-core functions to specialized BPO providers, driving demand for outsourcing services. Additionally, globalization and the expansion of businesses into new markets are fueling the need for scalable and cost-effective solutions, further propelling the market's growth. Moreover, emerging trends such as the gig economy and the rise of digital-first customer service are reshaping the BPO landscape, offering new opportunities for growth and innovation within the industry.

Business Process Outsourcing Market Segments Highlights:

• The Training and Development Outsourcing segment is expected to register the highest CAGR of around 11% over the forecast period. Outsourcing allows companies to tap into a pool of expertise and resources without investing in building their internal learning and development teams. Moreover, training employees requires time and resources from a company's core business activities. Outsourcing T&D frees up internal teams to focus on core competencies and strategic initiatives.

• The onshore segment is expected to register the highest CAGR of 10.0% over the forecast period. Onshore outsourcing minimizes risks associated with intellectual property theft, data security breaches, and political instability, which can be concerns of offshore outsourcing.

• The cloud segment is expected to register the highest CAGR of 11.2% from 2024 to 2030. Cloud-based BPO eliminates the need for companies to invest in expensive hardware, software licenses, and IT infrastructure to manage BPO operations. Cloud providers handle these aspects, leading to significant cost savings.

• The retail segment is expected to register the highest CAGR of 13.6% from 2024 to 2030. With massive data sets and real-time data analysis, outsourcing offers businesses a deeper understanding of consumer expectations. With the aid of a data entry services provider, companies can focus on market trends, best-selling products, and tracking returns, among others, to make informed decisions.

• The Asia Pacific region is expected to register the highest CAGR of around 11.0% from 2024 to 2030. The market is expected to witness significant growth owing to the advances in digital technologies, the increasing number of e-commerce platforms, and the rising preference for outsourcing non-core services across various industries, including telecommunications, BFSI, healthcare, retail, and travel & hospitality.

Browse through Grand View Research's Communication Services Industry Research Reports.

• Same Day Delivery Market: The global same day delivery market size was valued at USD 9.90 billion in 2024 and is projected to grow at a CAGR of 20.6% from 2025 to 2030.

• Industrial Communication Market: The global industrial communication market size was estimated at USD 21.15 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global business process outsourcing market based on service type, outsourcing type, deployment, end-use, and region:

Business Process Outsourcing Service Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Finance & Accounting
• Human Resource
• KPO
• Procurement & Supply Chain
• Customer Services
• Sales & Marketing
• Logistics
• Training and Development Outsourcing
• Others

Business Process Outsourcing Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Onshore
• Nearshore
• Offshore

Business Process Outsourcing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• On premise
• Cloud

Business Process Outsourcing End-use Outlook (Revenue, USD Billion, 2018 - 2030)
• BFSI
• Healthcare
• Manufacturing
• IT & Telecommunications
• Retail
• Government & Defense
• Others

Business Process Outsourcing Market Regional Outlook (Market Value, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
o Singapore
o Malaysia
• Latin America
o Brazil
o Argentina
• Middle East and Africa
o UAE
o KSA
o South Africa

Order a free sample PDF of the Business Process Outsourcing Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Dental Practice Management Software Market Growth Driven by Digital Transformation

 

The global dental practice management software market size is anticipated to reach USD 5.0 billion by 2030 and it is projected to grow at a CAGR of 10.17% from 2024 to 2030, according to a new report by Grand View Research, Inc. The robust government support and increasing number of dental clinics and hospitals have fueled the adoption of Electronic Dental Records (EDRs)which are primary factors driving the market growth. According to the country’s National Statistics Institute, there were 40,968 registered dentists in 2022 with 21,638 dental clinics in Spain. As more individuals graduate from dentistry schools and colleges and establish their practices, the potential client base expands significantly.

According to the BBC and the British Dental Association (BDA), there were 6.2, 6.0, 4.8, and 4.4 NHS dentists per 10,000 population in Scotland, Northern Ireland, Wales, and England, respectively, as of May 2022. The rising demand for the latest technology for streamlining the administrative process in dental clinics and hospitals is expected to drive the demand for Dental Practice Management (DPM) software. This trend is further supported by various government initiatives in both the U.S. and European countries, contributing to the overall market growth.

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European countries are also undertaking several initiatives to promote oral healthcare services and healthcare IT. According to the report by the Platform for Better Oral Health in Europe, in 2020, an estimated USD 12.39 billion (EUR 11.67 billion) was spent on oral healthcare services in France. Hence, owing to rising government expenditure and greater demand for dental care in the country, the number of dental clinics is steadily increasing. Some of the noticeable initiatives include e-Card (Austria); Interoperable Delivery of European eGovernment Services to Public Administrations, Businesses, and Citizens (IDABC); Norwegian Healthcare System (Norway); Sentillion; Imprivata; Elektronische Gesundheitskarte (Germany); CAREfx; HealthCast, Inc.; IBM Tivoli Access Manager; and Sense.

Moreover, several companies are engaging in partnerships, mergers, acquisitions, and expansion strategies to enhance their market position. For instance, in September 2022, CD Newco, LLC (Curve Dental) partnered with Dental Whale, a prominent practice solution and learning provider in North America. This partnership will provide dental practices with access to various solutions & resources to enhance their operations and improve patient care.

Dental Practice Management Software Market Segments Highlights:

• Based on deployment mode, the web-based segment led the market with the largest revenue share of 56% in 2023. This is attributed to high demand, increased security, and reasonable pricing structure for the solutions

• Based on application, the insurance management segment led the market with a largest revenue share of 22% in 2023, owing to continuous improvement of dental insurance coverage and rise in the number of dental claims

• Based on end use, the dental clinics segment held the market with the largest revenue share of 48% in 2023, owing to the growing need for software to manage patient data and rise in adoption of Electronic Dental Records (EDR) and appointment scheduling platforms

• North America dominated the market with the revenue share of 40% in 2023. This can be attributed to various factors such as increasing healthcare IT expenditure and growing technological adoption in clinical and hospital settings in the region

• In March 2023, Good Methods Global Inc., a cloud-based DPM software provider, partnered with Pearl Group, a dental AI solution provider. The purpose of this partnership is to integrate Pearl’s Second Opinion, a disease detection capability within CareStack’s all-in-one practice management system, along with extended access to CareStack users for Practice Intelligence, a Pearl AI platform

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• Teleradiology Software Market: The global teleradiology software market size was valued at USD 2.0 billion in 2023 and is projected to grow at a CAGR of 10.5% from 2024 to 2030.

• Cloud-based Dental Practice Management Software Market: The global cloud-based dental practice management software market size was valued at USD 721.0 million in 2023 and is projected to grow at a CAGR of 11.4% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the dental practice management software market report based on deployment mode, application, end-use and region:

Dental Practice Management Software Deployment Mode Outlook (Revenue, USD Million, 2018 - 2030)
• On-Premise
• Web-based
• Cloud-based

Dental Practice Management Software Application Outlook (Revenue, USD Million, 2018 - 2030)
• Patient Record Management
• Appointment Scheduling
• Treatment Planning and Charting
• Digital Imaging and Radiography Integration
• Invoice/Billing
• Payment Processing
• Insurance Management
• Lab & X-Ray Orders
• Dental Analytics
• Others

Dental Practice Management Software End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Dental Clinics
• Hospitals
• Others

Dental Practice Management Software Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Denmark
o Sweden
o Norway
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Thailand
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Kuwait

Order a free sample PDF of the Dental Practice Management Software Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Orthopedic Devices Market Growth Driven by Technological Advancements Till 2030

The global orthopedic devices market size is anticipated to reach USD 80.8 billion by 2030 and is projected to grow at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for orthopedic surgeries are mostly due to road accidents and orthopedic diseases is driving the market growth. The annual report on road accidents by the Indian Ministry of Road Transport and Highways reveals that in 2022, the states and Union Territories (UTs) reported a total of 461,312 accidents resulting in injuries to 443,366 individuals. The figures show a rise of 11.9% in accidents, 9.4% in fatalities, and 15.3% in injuries as compared to the 2021.

The increase in the obese population is another important factor likely to boost market growth. Obesity in the aging population is directly reported to increase the risk of degenerative bone disorders, such as osteoarthritis & osteoporosis, resulting in fracture & target injury owing to extra pressure exerted on the joints. According to the 2023 World Obesity Atlas report, over 50% of the global population will suffer from obesity and overweight unless there are improvements in treatment, prevention, and support.

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The expansion of reimbursement coverage plays a vital role in providing patients access to orthopedic surgeries and contributes positively to the availability of orthopedic workforce resources. The Patient Protection and Affordable Care Act (PPACA) has played a crucial role in the development of reimbursement coverage. This has led to increased insurance coverage for orthopedic devices, resulting in a larger pool of patients who can now afford orthopedic surgeries, including procedures involving orthopedic devices. In recent years, the Centers for Medicare and Medicaid Services (CMS) and private payers have been extending their coverage for prosthetics and orthotics. This increased coverage has made orthopedic surgeries more accessible and affordable for many patients. As a result, individuals who were previously unable to afford orthopedic procedures can now undergo necessary surgeries with the help of insurance.

Bones & connecting tissues, such as tendons, ligaments, and cartilage, weaken with age, which increases the risk of injuries, especially in knees & shoulders.According to data from the United Health Foundation in 2022, the elderly population in the U.S. is estimated to be around 58 million individuals, which makes up approximately 17.3% of the total population. This number is expected to rise to 22% by 2040, indicating a significant increase in the number of older individuals. As a result, the demand for orthopedic devices is expected to rise in the forecast period.

The major companies operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing product formation and reach. For instance, in June 2023,Johnson & Johnson's orthopedics company, DePuy Synthes, partnered with GE Healthcare to establish a distribution agreement. Through this collaboration, the two companies aim to make GE Healthcare's OEC 3D Imaging System, in addition to DePuy Synthes' extensive product portfolio, more accessible to surgeons and patients across the U.S.

Orthopedic Devices Market Segments Highlights:

• Based on product, the joint replacement/ orthopedic implants segment held the market with the largest revenue share of 41.7% in 2023, owing to the rapidly rising number of knee surgeries, hip replacement surgeries, and spinal implant surgeries

• Based on end-use, the hospitals segment led the market with the largest revenue share of 64.5% in 2023. This can be attributed to significant infrastructure and a growing patient population

• North America dominated the market with the revenue share of 45% in 2023, due to the presence of a large number of major market players and the high adoption of advanced technologies

• Asia Pacific region is expected to witness the fastest CAGR over the forecast period, owing to the growing geriatric population, obesity rate and increasing number of sports injuries in the region

Browse through Grand View Research's Medical Devices Industry Research Reports.

• External Defibrillators Market: The global external defibrillators market size was estimated at USD 3.51 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030.

• Clinical Trial Biorepository & Archiving Solutions Market: The global clinical trial biorepository & archiving solutions market size was valued at USD 4.0 billion in 2023 and is projected to grow at a CAGR of 8.17% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global orthopedic devices market report based on product, end-use, and region:

Orthopedic Devices Product Outlook (Revenue, USD Million, 2018 - 2030)
• Joint Replacement/ Orthopedic Implants
o Lower Extremity Implants
o Knee Implants
o Hip Implants
o Foot & Ankle Implants
o Spinal Implants
o Dental
o Dental Implants
o Craniomaxillofacial Implants
o Upper Extremity Implants
o Elbow Implants
o Hand & Wrist Implants
o Shoulder Implants
• Trauma
o Implants
o Accessories (Plates, Screws, Nails, Pins, Wires)
o Instruments
• Sports Medicine
o Body Reconstruction & Repair
o Accessories
o Body Monitoring & Evaluation
o Body Support & Recovery
• Orthobiologics
o Viscosupplementation
o Demineralized Bone Matrix
o Synthetic Bone Substitutes
o Bone Morphogenetic Protein (BMP)
o Stem Cell Therapy
o Allograft
• Others

Orthopedic Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Hospitals
• Outpatient Facilities

Orthopedic Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o Spain
o Italy
o France
o Denmark
o Norway
o Sweden
• Asia Pacific
o Japan
o China
o India
o Australia
o Thailand
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Kuwait

Order a free sample PDF of the Orthopedic Devices Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Hearing Aids Market: Innovations in Smart Technology and User-Centric Designs

The global hearing aids market size is anticipated to reach USD 12.57 billion by 2030 and it is projected to grow at a CAGR of 6.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of hearing aid devices, and the growing awareness regarding technologically advanced products for the treatment of hearing loss are some of the factors contributing to the market growth. The World Health Organization (WHO) estimates that by 2050, the number of individuals living with disabling hearing impairment will approach 900 million. Besides that, physiological ear aging, hereditary vulnerability, increasing noise exposure, vascular illness, and chronic inflammation are factors that will contribute to increasing incidence of hearing impairments.

Furthermore, rising public awareness regarding audiological impairment through strong government support and audiology devices is anticipated to create an opportunity for new entrants in the market. For instance, the WHO commemorate World Hearing Day on March 3rd each year to promote awareness regarding hearing loss and safe listening.

Key companies in the sector are improving their products via technological innovation, which is likely to boost market growth throughout the forecast period. For instance, in February 2022, Oticon, Inc. extended its product range to make Oticon's innovative BrainHearing technology accessible. Two new Oticon More miniBTE models have been added to meet the demand for consumers who want compact, inconspicuous behind-the-ear (BTE) choices.

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Hearing Aids Market Segments Highlights:

• Based on product type, the behind-the-ear hearing aids segment led the market in 2023 with the largest revenue share of 40.0% owing to the ease of handling and technological advances

• Based on product type, the canal hearing aids segment is expected to grow at the fastest CAGR over the forecast period

• Based on technology, the digital technology segment held the largest market revenue share of 93% in 2023 and is anticipated to witness the fastest CAGR over the forecast period

• Europe dominated the global market owing to factors such as an increase in the prevalence of deafness and rising awareness regarding technological advancements

• In December 2022, Sonova acquired Hysound Group, a prominent network of audiological care clinics in China, boasting nearly 200 clinics nationwide. This strategic move substantially expanded Sonova's retail presence and provided direct consumer access in the Chinese market

Browse through Grand View Research's Medical Devices Industry Research Reports.

• Orthopedic Devices Market: The global orthopedic devices market size was estimated at USD 60.4 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030.

• External Defibrillators Market: The global external defibrillators market size was estimated at USD 3.51 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global hearing aids market based on product type, technology, sales channel, and region:

Hearing Aids Product Type Outlook (Revenue, USD Million, 2018 - 2030)
• In-the-Ear Hearing Aids
• Receiver-in-the-Ear Hearing Aids
• Behind-the-Ear Hearing Aids
• Canal Hearing Aids

Hearing Aids Technology Outlook (Revenue, USD Million, 2018 - 2030)
• Digital
• Analog

Hearing Aids Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
• Retail Sales
o Company Owned
o Independent Retail
• E-Pharmacy
• Others

Hearing Aids Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Order a free sample PDF of the Hearing Aids Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Eyewear Market Expands with Growing Demand for Prescription Glasses and Sunglasses By 2030

The global eyewear market size is expected to reach USD 323.76 billion by 2030, registering a CAGR of 8.3% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. As eyewear has evolved from being purely functional to becoming a fashion accessory, consumers are increasingly seeking out stylish and trendy frames that complement their personal style. This trend has led to a proliferation of eyewear options, including designer brands, vintage styles, and customizable frames. The availability of a wide range of eyewear choices has made it easier for consumers to find frames that suit their aesthetic preferences, enhancing the outlook for the market.

The market growth is further accelerated by the growing awareness regarding eye health among people, urging them to seek professional advice and invest in quality eyewear. Moreover, sunglasses are also in high demand not only as a fashion accessory but also as protection for the eyes from harmful UV rays. As people recognize the importance of eye health, they are more likely to embrace eyewear as a necessary and even fashionable accessory.

Gather more insights about the market drivers, restrains and growth of the Global Eyewear Market

The growing awareness of eye health initiatives by government organizations is playing a significant role in driving the growth of the market. Governments worldwide are implementing programs and campaigns to educate the public about the importance of regular eye exams, early detection of eye conditions, and the use of appropriate eyewear. These initiatives are raising awareness about the potential consequences of neglecting eye health, encouraging individuals to seek professional care, and ultimately stimulating demand for eyewear products.

Technological advancements are also playing a crucial role in driving the growth of the market. Increased screen time is a rising concern about the impact of blue light on eye health. Eyewear designed specifically for blue light protection presents a market niche, catering to individuals seeking solutions for digital eye strain. On the other hand, innovative applications, including the integration of augmented reality (AR) and virtual reality (VR) into eyewear, provide opportunities for innovative, multifunctional products.

Several market players are focusing on developing innovative offerings that can cater to evolving consumer demands. For instance, in April 2024, Meta and EssilorLuxottica launched the second-generation smart glasses, expanding the Ray-Ban Meta smart glasses range with new designs that can fit more face shapes. The latest offering features Meta AI, an intelligent assistant that follows voice commands. Amid such technological developments, the eyewear market is poised for considerable growth over the coming years.

Eyewear Market Segments Highlights:

• Based on product, the prescription (RX) glasses segment accounted for the largest revenue in 2023 owing to increasing demand for corrective eyewear driven by the rising prevalence of eye conditions such as myopia, hyperopia, astigmatism, and presbyopia. Moreover, the availability of a wide range of prescription eyewear options further underlines the dominance of the segment within the market

• Based on distribution channel, the e-commerce segment is expected to record the fastest CAGR from 2024 to 2030 owing to increasing consumer preference for online shopping sites to buy eyewear products as they offer greater convenience and accessibility. Online retailers offer a wider range of products, including designer brands and niche offerings, often at competitive prices, which is contributing to the segmental growth further

• Based on end use, the kids segment is expected to record the fastest CAGR from 2024 to 2030, with increasing awareness among parents about the importance of protecting children's eyesight from an early age, stimulating the demand for eyewear in this segment. In addition, the availability of stylish and durable kids' eyewear options is also favoring segmental growth as they appeal to both children and parents

• In July 2024, EssilorLuxottica announced its agreement to acquire the entire share capital of Optical Investment Group, a leading Romanian optical retailer, from Innova/6, a private equity fund of Innova Capital Group, and minority shareholders. This acquisition is seen as a significant step in enhancing Romania's optical market, promoting quality eyewear and eyecare solutions

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• Anime Market: The global anime market size was estimated at USD 31.23 billion in 2023 and is anticipated to grow at a compound annual growth rate of 9.8% from 2024 to 2030.

• Education Technology Market: The global education technology market size was estimated at USD 142.37 billion in 2023 and is expected to grow at a CAGR of 13.4% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the eyewear market on the basis of product, distribution channel, end use, and region:

Eyewear Market Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
• Contact Lenses
o Premium Contact Lenses
o Mass Contact Lenses
• Prescription (RX) Glasses
o Prescription Glasses
o Sunglasses

Eyewear Market Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
• E-Commerce
• Brick & Mortar

Eyewear Market End Use Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
• Male
• Female
• Unisex
• Kids

Eyewear Market Region Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Order a free sample PDF of the Eyewear Market Intelligence Study, published by Grand View Research.

About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.