Glasses are a kind of optical device used to improve eyesight, protect eyes, or be used for decoration, which is mainly composed of lenses and frames. The core function of glasses is mainly reflected in the lens, which plays a vital role in correcting vision, adjusting the amount of light entering the eye, and protecting eye safety, and is the core carrier of the functional properties of glasses. The frame is usually composed of frames, circles, lenses, middle beams, legs, and nasal supports, which are matched with lenses to form glasses, which act as brackets on the face.
There are many kinds of glasses, according to their different functions and uses, glasses can be divided into myopic glasses, hyperopic glasses, presbyopic glasses, sunglasses, computer goggles, etc.; according to the different materials of the lenses, glasses can be divided into glass glasses, resin glasses, crystal glasses, etc.; according to the different appearance and shape, glasses can be divided into full-frame glasses, half-frame glasses, contact lenses and so on.
The eyeglass mart is an important industry closely related to people's daily lives, especially in the case of the high myopia rate in China. The glasses lens is the direct influence factor of the glasses quality and the use effect. Therefore, the state has been paying attention and support to glasses-related industries. For example, the guidance on High-quality Development of the glasses Industry in the 14th five-year Plan pointed out that during the 13th five-year Plan period, the economic operation of China's glasses industry was steadily improving, the industry structure was continuously optimized, the innovation ability was continuously enhanced, and the cluster advantages were comprehensively reflected. The quality standards have achieved remarkable results, the international competitiveness has been improved, the construction of talents has been continuously strengthened, and the status of China's glasses as a big country has steadily improved.
The upstream of the glasses industry chain is the raw material link, mainly including optical glass, resin, plastic, metal, hardware accessories, etc.; the middle reaches is the glasses production and supply link; the downstream is the glasses sales and circulation link, mainly through self-owned stores, specialty stores, Shang Chao, hospitals, e-commerce, and other channels to reach the hands of end consumers.
As one of the three major diseases in the world, the prevention and treatment of myopia have always been paid attention to by our country and even the whole world. In recent years, with the continuous growth of the scale of "Phubber" and the excessive use of eyes caused by the accelerated pace of life, the scale of myopic people in China continues to expand, and the huge myopic group in China will also give birth to a strong demand market for glasses. According to data, the number of myopic people in China will be about 680 million by 2022, an increase of 1.5% over the same period last year.
In recent years, the rapid development of the global economy and the continuous growth of the myopic population, have driven the rapid development of the glasses industry, and the scale of the industry has been growing. Affected by the epidemic in 2020, the market size of the global glasses industry has declined, With the impact of the epidemic gradually subsiding, the industry scale began to pick up. According to data, the market size of the global eyewear industry in 2022 is about 99.1 billion US dollars, an increase of 6.1% over the same period last year. Among them, Asia, North America, and Europe are the main markets in the global eyewear industry, accounting for nearly 90% of the total. Among them, the Asian market accounts for about 33.37%, the North American market accounts for about 27.69%, and the European market accounts for about 26.18%.
With a large population base in China, people of different ages have different vision problems, and the functional demand for lens products is increasing day by day. With the continuous development of the domestic economy and the popularity of electronic products, the eye scenes of the young and elderly population are increasing, and the population base of vision problems is also increasing. At the same time, in recent years, the state has issued relevant policies to guide the standardized development of the industry, which has promoted the continuous release of multi-level visual health and fashion consumer demand in China, and promoted the rapid development of China's eyewear industry. According to data, the market size of China's glasses industry will be about 110.8 billion yuan in 2022, an increase of 3.2% over the same period last year. Among them, the sunglasses market accounted for 34.7%; the glasses frame market accounted for 27.7%; the glasses market accounted for 23.6%; the contact lenses market accounted for 12.5%.
From the perspective of industry supply and demand, with the rapid development of China's glasses industry and the continuous growth of downstream demand, the output and demand for glasses in China have been increasing in recent years. According to data, China produced about 912 million sets of glasses in 2022, an increase of 3.9% over the same period last year. From the perspective of import and export, China's glasses industry is mainly export trade. With the rapid development of China's glasses industry in recent years, the import and export scale of China's glasses industry is also expanding. According to data, in 2022, the import value of China's glasses and its parts was 1.524 billion US dollars, down 12.3 percent from the same period last year; the export value was 7.38 billion US dollars, an increase of 11.9 percent over the same period last year, of which the United States accounted for the highest proportion of 20.61 percent, followed by Hong Kong and Italy, accounting for 11.14 percent and 9.76 percent respectively.
In recent years, with the sustained and steady growth of China's macro-economy, the income level of Chinese residents has been greatly improved, the living standard has been significantly improved, the purchasing power of residents has been significantly improved, and people's demand for non-daily necessities and high-end consumer goods has increased, which has promoted the development of the glasses market. The improvement of income level promotes the upgrading of consumption concept, and residents' consumption gradually changes from functional type to enjoyment type. on the premise of ensuring product quality and function, consumers pay more attention to brand experience, and fashionable and personalized consumer demand continues to emerge. Glasses as an important carrier of fashion trend elements, and consumers' personalized and diversified needs for color, pattern, and material of glasses have become increasingly prominent. Healthy consumption, experiential consumption, and fashion consumption have gradually become a new pursuit of consumers.
With the penetration of electronic products in daily life and the increase of eye scenes, vision problems gradually become younger, which also makes the population base of vision problems gradually expand. According to the data from the National Health Commission, the overall myopia rate of Chinese children and adolescents reached 52.7% in 2020. On the one hand, the high myopia rate has increased the demand for glasses and lenses; on the other hand, the eyesight problems of teenagers have been paid more and more attention by government departments and people from all walks of life, and the needs for myopia prevention, control and correction of children and adolescents will be further released, giving rise to the demand for functional lenses related to myopia prevention and control. Therefore, under the background of the huge audience, the glasses market of our country still has great potential.