With South Korea's rapidly ageing population, demand for spectacles, specifically those that correct age-related vision problems such as presbyopia and hyperopia, will remain relevant, despite predictions for an overall decline in volume sales over the forecast period, with some competition from contact lenses and correction surgical procedures. The Korea Statistics Office predicts that by 2070, half of South Korea's population will be over the age of 65 years, making it the country with the world's fastest ageing population.
As vision correction surgical procedures such as cataract surgery, LASIK, and PRK become increasingly common and standardised, eyewear, in particular spectacles, is facing a potential threat. These surgeries correct vision problems that have traditionally been treated with spectacles or contact lenses, and they are becoming increasingly popular due to their effectiveness and relatively low risk.
While spectacle frames can be purchased online, lenses require fitting by a professional. Therefore, online platforms related to spectacles are largely limited to optical goods stores, and both the frames and lenses are purchased and introduced in-store.
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Understand the latest market trends and future growth opportunities for the Spectacles industry in South Korea 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 South Korea, 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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