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Eyewear Market Advanced Technologies & Growth Opportunities Worldwide By 2024

Author : Rahul Varpe | Published Date : 2019-04-18 

Global Eyewear Market size contribution is predicted to register CAGR of 7% during forecast timeline and surpass a revenue of $166 billion by end of 2022. Increasing population along with growing visual deficiencies like myopia, presbyopia, hyperopia and astigmatism are projected to promote eyewear industry trends during forecast timeline.

Global Eyewear Market is segmented into various products like Contact lenses, Plano sunglasses and Spectacles.Contact lenses segment is sub-segmented into soft lenses, rigid gas permeable lenses and hybrid lenses. This segment contributed more than 31% of total shipments for 2014 due to growing demand for regular disposable lenses and cosmetic lenses.

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Spectacles segment is sub-segmented into spectacle frames and spectacle lens. It contributed greater than three-fourths of total revenue for 2014.

Plano sunglasses segment is further sub-segmented on basis of material and product. Depending upon the material, it can be segregated into polyurethane, CR-39 and polycarbonate. Based on the product, it can be sub-segmented into polarized as well as non-polarized sunglasses. The growth in the segment can be credited growing customer choice and increasing adoption of corrective surgical operation.

Growing use of corrective Eyewear Market among people to correct refractive faults is projected to fuel industry demand for the products. Furthermore, increasing consciousness among people about significance of eye checkups is projected to enhance industry expansion. Rising purchasing power is predicted to favorably affect industry demand in future. Strong piano sunglasses industry demand is projected to propel contact lens acceptance and minimize dependence on spectacles. Further, recurring renewal of lenses due to constantly changing prescriptions is predicted to favorably affect the demand for eyewear during forecast timeline.

Growing geriatric population is also a significant aspect for global Eyewear Market growth. Further, reasonable costs, modality and user convenience offered by eyewear items are anticipated to develop large scale industry expansion opportunities by end of forecast timeline.However, increasing acceptance of permanent vision correction methods like photorefractive keratectomy and laser assisted in situ keratomileusis (LASIK) are forecast to negatively affect industry demand for the products.

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Eyewear Market participants profiled in the report include De Rigo SpA, Carl Zeiss AG, Silhouette International, Chemilens, Fielmann AG, Bausch & Lomb Incorporation, Cooper Vision, Marchon Eyewear, Hoya Corporation, Safilo Group S.p.A., Charmant Group, Alcon, Johnson & Johnson Vision Care, Marcolin Eyewear, Daemyung Optical CO, QSpex Technologies Incorporation, Vision-Ease Lens Incorporation, Luxottica Group S.p.A., Rodenstock GmbH, Essilor International S.A and Seiko Optical Products Company Limited.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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