The forecast period anticipates solid growth driven by the eyewear needs of an ageing population, alongside increased myopia rates among children. Population growth through immigration also heightens demand for eyewear, creating significant opportunities for lenses such as progressives.
The sustainability trend is expected to grow stronger over the forecast period as consumers increasingly seek ways to positively impact climate change, thereby placing more pressure on brands to offer sustainable products. Sustainable eyewear is already available at numerous retailers, including independent opticians who stock brands such as ECO eyewear, which offers frames made from eco-friendly materials like recycled plastic and castor seed oil.
Technological advancements are expected to accelerate across the eyewear industry, as brands and retailers adopt and invest in technology to better serve consumers and gain a competitive edge. In 2023, HOYA Vision Care announced a multi-million-dollar investment in its manufacturing lab network to expand its capabilities and support eye care professionals throughout Canada, including expanding production hours to 24/7.
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Understand the latest market trends and future growth opportunities for the Spectacles industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Spectacles industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Spectacles
This is the aggregation of spectacle frames, spectacle lenses and readymade reading glasses.
See All of Our DefinitionsThis report originates from Passport, our Spectacles research and analysis database.
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