On the contrary, the growing aging population is increasingly preferring the prescription-based spectacles to tackle visual deficiencies and cure refractive errors. Rising demand for up-to-the-minute frames, especially among the young generation will propel markets growth.
Polarized sunglasses have been gaining popularity in the recent years as they offer a variety of benefits for water sports and fishing, and are witnessing increasing penetration in developed economies such as North America and Europe.
Ongoing fashion trends coupled with a shift in consumer lifestyle will support the industry growth. Manufacturers are upgrading the current material to offer better comfort.
Change in fashion along with alteration in corrective lenses will remain a key factor fueling product demand. Major companies are focusing on product innovation and acquisitions along with partnerships to expand their business.
According to national healthcare expenditure account, which is officially estimated by Centers for Medicare and Medicaid Services CMSin ophthalmic products sale had reached The report covers market dynamics including drivers, restraints, and opportunities expected to influence the global eyewear market growth during the forecasted period.
Although both of these scenarios might be a threat in the distant future, a small yet growing number of those with the Lasik surgery are starting to experience complications with their operation which might discourage more people from deciding to embrace it as one option.
Vendors have introduced innovative eyewear products to cater to various needs of the customers. The concern for eye health and the fashion-conscious customers is expected to boost the segment growth over the next few years.
APAC eyewear market is expected to witness significant growth and can reach upto 1, million units by There is currently no other direct competitors to our product, but the cost of quickly entering our market is relatively not difficult.
Market participants are emphasizing onsupply chain integration,product innovation, and mergers and acquisitions, to gain a foothold in the industry.
Industry manufacturers are expected to expand production capacity, improve quality standards to boost sales. Moreover, the introduction of innovative easy-to-wear, cosmetic, and daily disposable lenses has positively impacted the sales of such products.
However, these surgeries have a low degree of acceptance owing to high onetime cost. Global and regional trends that are playing a major role in driving the global eyewear market have also been covered in the study.
Consumers are likely to buy a new set of eyeglasses or replace the old ones. The most prevalent trend, that needs to be taken into account, is the impact of the internet and more specifically online shopping on brick and mortar retail businesses.
Based on product type, the market has been further classified into spectacles, contact lenses and sunglasses.
Easy eye examination availability and consultation services are the key factors driving highest demand in this segment. Rising preference for high quality lenses along with increasing specs replacement demand will fuel industry growth.
These players have created a strong foothold in the market by offering an extensive portfolio of eyewear products across the globe. Competitive Outlook The report also includes competition landscape which includes competition matrix, market share analysis of major players in the global eyewear market based on their revenues.
The introduction of low cost and disposable lenses has garnered significant attraction due to its easy affordability. Consumer preference for high end products will encourage companies to invest in development and marketing of technologically advanced vision wear.
Consumer preference for disposable lenses for hygiene and convenience reasons will surge product demand. Increase in consumer purchasing power and willingness to upgrade lifestyle will play a key role influencing demand for this segment. Endorsement by celebrities has increased the demand of designer and premium eyewear.
The primary drivers for the growth of eyewear market in Asia Pacific region are higher GDP rate, consumer demographics, and preference for luxury brand. These channels have enabled the vendors to offer a variety of products along with instant testing of distinct marketing strategies and check the feedback of the customers.
The players are also engaging in mergers and acquisitions to capture increased market share. The growth prospects for the Asia Pacific eyewear market seem very bullish owing to increase in purchasing power among consumers and wearer base expansion across the region. The North American regional market is expected to witness a steady growth over the next few years.
Growing consciousness among consumer about the importance of regular eye checkup and proper eye protection will support industry growth over the forecast period.
Growing demand for frames with coloring options, which include multi-colored models are expected to support eyewear market size. According to Ophthalmic Lasers: Europe and Asia Pacific are the other dominant regions for the eyewear market.
Cataracts, glaucoma and uncorrected refractive errors are most common causes of visual impairment. Segments Covered in the Report This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from to Customer oriented service, consultation, and brand loyalty are the major factors driving sales through this channel.Eyewear Market Overview: Eyewear Market is expected to garner $ billion byregistering a CAGR of % during the forecast period Eyewear comprises accessories that are worn over the eyes for vision correction or to protect eyes from debris, harmful radiations or excessive light.
Industry Analysis of Eyeware Industry In the recent governmental data under the North American industry classification system, the optical good stores under the classification code ofthere were number of these establishments and 5, in. Global Eyewear Market: Competitive Outlook.
The report also includes competition landscape which includes competition matrix, market share analysis of major players in the global eyewear market based on their revenues.
Competition matrix benchmarks leading players on the basis of their capabilities and potential to mint-body.comon: State Tower, 90 State Street, SuiteAlbany, This research report presents a comprehensive assessment of the eyewear market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set.
The global eyewear market size was valued at USD billion in The increasing dependence on electronic gadgets such as mobile phones, television, and computers has led to eyesight problems resulting in the purchase of more eyewear products.
Segment Analysis. The global eyewear market is segmented on the basis of product type, distribution channel, and geography. Based on the type of product, the market is segmented into spectacles, lenses, and sunglasses.
The distribution channel segment is categorized into offline channels and online channels. This report comprises a detailed.Download