Eyewear Market Insights, Growth Opportunities Till 2026 |
Increasing geriatric population globally coupled with rising prevalence of visual disorders are major driving factors, expected to drive growth of the global eyewear market. For instance, according to the World Health Organization, the number of people falling in the age group of 65 and above is estimated to be 1.5 billion in 2050. Further, changing fashion trends globally is expected to spur demand for sunglasses, globally. However, laser corrective techniques that are available to treat eye disorders could hamper growth of the market.
𝐀𝐬𝐤 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.worldwidemarketreports.com/sample/9302
𝐄𝐲𝐞𝐰𝐞𝐚𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝:
Europe held the dominant position in the global eyewear market in 2016, due to the increasing prevalence of defects related to the eye in the region. According to the WHO about 24.3% of the overall European population suffers from myopia, and the condition is nearly twice as common in younger people and around 47% of those of aged between 25 and 29 years have myopia. Apart from this, presence of leading industry players such as Luxottica Group S.p.A in Europe is another factor for significant growth of the regional market.
Asia Pacific is projected to be the fastest growing region in the global eyewear market over the forecast period, owing to rising demand for spectacles and sunglasses amongst the emerging economies such as China and India. According to the WHO, the geriatric population in the Asia Pacific region is projected to reach to nearly 923 million by 2050. This is expected to lead to rise in demand for spectacles, due to increasing visual disorders that tend to develop amongst the geriatric population. Moreover, key players are focusing on increasing awareness regarding numerous visual defects in various rural areas through programs and this is expected to aid manufacturers in enhancing their market share. For instance, in 2015, Essilor Vision Foundation team in India began an extensive program with the goal of giving 90,000 school children access to vision screenings and distribute free glasses.
𝐊𝐞𝐲 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:
• This report provides in-depth analysis of the eyewear market, market size (US$ Bn), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025)
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, eyewear products, regional outlook, and competitive strategy adopted by the leading players.
• It profiles leading players in the global eyewear market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
• The global eyewear market report caters to various stakeholders in this industry, including investors, product developers, distributors, eyewear companies, research institutes, new entrants, and financial analysts
• Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the eyewear market
Global Eyewear Market, By Product Type:
Global Eyewear Market, By Distribution Channel:
Global Eyewear Market, By End User:
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