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Blue Light Blocking Glasses Market to Hit USD 5.2 Billion by 2032, Driven by Rising Demand for Automation and Remote Working Tools

10-01-2024 09:44 AM CET | Consumer Goods & Retail

Press release from: Acumen Research and Consulting

Blue Light Blocking Glasses Market to Hit USD 5.2 Billion by 2032,

Acumen Research and Consulting, a leading market research and business consulting firm, is excited to announce the release of its latest market research report on the Global Blue Light Blocking Glasses Market. The report reveals that the blue light blocking glasses market size was valued at USD 2.7 billion in 2023 and is projected to reach USD 5.2 billion by 2032, with a robust compound annual growth rate (CAGR) of 7.8% during the forecast period from 2024 to 2032.

Blue Light Blocking Glasses Market Overview:
The global blue light blocking glasses market has experienced significant growth due to increasing digital device usage, growing awareness of the health risks associated with blue light exposure, and the rise of remote work and online learning. With technological advancements improving the effectiveness of blue light blocking materials, this market is poised for further expansion.

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Key Blue Light Blocking Glasses Market Highlights:

• Projected Blue Light Blocking Glasses Market Growth: The global blue light blocking glasses market revenue is expected to achieve USD 5.2 billion by 2032, growing at a CAGR of 7.8% from 2024 to 2032.
• Regional Dominance: North America accounted for over 33% of the blue light blocking glasses market share in 2023. The Asia-Pacific region is anticipated to witness the fastest growth, with a CAGR of approximately 8.4% during the forecast period.
• Segment Performance: The prescription glasses segment represented more than 58% of the blue light blocking glasses market share in 2023, while the computer users segment is expected to exhibit significant growth.

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Blue Light Blocking Glasses Market Drivers:

Several key factors are driving the growth of the market:
1. Increasing Digital Device Usage: The rise in screen time due to smartphones, laptops, and tablets has led to heightened awareness of the negative effects of blue light exposure, including digital eye strain and disrupted sleep patterns.
2. Health Awareness: Growing concerns about the health risks associated with blue light exposure are prompting consumers to invest in protective eyewear.
3. Remote Work and Online Learning: The shift towards remote work and online education has further increased screen time, boosting demand for blue light blocking glasses.
4. Technological Advancements: Continuous innovations in blue light blocking materials are improving the effectiveness and appeal of these glasses.
5. Fashion Trends: The integration of blue light blocking technology into stylish eyewear has made these glasses an attractive accessory for consumers.

Blue Light Blocking Glasses Market Restraints:

Despite the positive market outlook, certain factors may hinder growth:
• Limited Regulatory Standards: The absence of strict regulatory standards for blue light blocking eyewear may affect consumer confidence.
• Competition from Software Solutions: The availability of software-based solutions and screen filters presents competition to physical blue light blocking eyewear.

Blue Light Blocking Glasses Market Opportunities:

The market offers various growth opportunities:
• Customization and Prescription Options: The development of customizable blue light blocking glasses tailored to individual needs can attract more consumers.
• Integration of Additional Features: Enhancements such as UV protection and anti-glare coatings can differentiate products and provide added value to consumers.

Blue Light Blocking Glasses Market Segmentation:

The global blue light blocking glasses market is segmented based on type, lens type, end use, sales channel, and geography.

By Type
• Non-prescription Glasses
• Prescription Glasses

By Lens Type
• Yellow-Tinted Lenses
• Clear Lenses

By End Use
• Computer Users
• Students
• Gamers
• Others

By Sales Channel
• Direct Sales
• Specialty Stores (Optical Stores)
• Hypermarkets/Supermarkets
• Hospitals/Clinics
• Franchise Outlets
• Online

Blue Light Blocking Glasses Market Regional Analysis:

North America
North America is currently leading the blue light blocking glasses market, driven by a high prevalence of digital device usage and growing health awareness among consumers. The region's emphasis on eye health and wellness is expected to fuel the demand for blue light blocking glasses.

Asia-Pacific
The Asia-Pacific region is anticipated to witness the fastest growth rate due to the increasing number of internet users and digital device penetration. The rise in remote work culture and online education is also contributing to the growth of the market in this region.

Europe
Europe is expected to maintain a significant market share, driven by the rising awareness of blue light hazards and the growing fashion trend of eyewear.

Competitive Landscape:
The competitive landscape of the blue light blocking glasses market includes various established players and emerging brands. Key strategies employed by market leaders include product innovation, partnerships, and targeted marketing campaigns to increase brand visibility.

Key Blue Light Blocking Glasses Market Players:

• Warby Parker
• Felix Gray
• Gunnar Optiks
• Zenni Optical
• Blue Light Glasses Co.
• Pixel Eyewear

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Conclusion:
The Global Blue Light Blocking Glasses Market is poised for remarkable growth in the coming years, driven by increasing digital device usage and heightened awareness of health risks associated with blue light exposure. With a strong CAGR of 7.8%, the market is set to achieve USD 5.2 billion by 2032. As consumers become more aware of the importance of eye health, the demand for blue light blocking eyewear will continue to rise, presenting ample opportunities for businesses in this space.

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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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