Nordic Eyewear and Optical Retail Market Future Profits to Reach New Heights with Market Size Growth | Synsam Group, GrandVision, Specsavers, Synologen

The Nordic Eyewear and Optical Retail Market is projected to display significant growth represented by a CAGR of 3.9% during 2022-2027. The increasing demand for eyewear and optical products among youngsters is propelled by increasing digital screen use which affects their eyes severely and forced them to have prescribed spectacles at a very young age. The increasing number of cases of myopia in the region is also a by-product of the extensive use of digital screens which is itself a growth factor in the eyewear market.

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Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War. The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations' armed forces. Due to Russia's invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.

The Nordic Eyewear and Optical Retail Market was valued at USD 2635.68 Million in the year 2027 with Sweden leading the regional market share. The spread of the COVID-19 pandemic has led to lockdowns worldwide which affected various industries worldwide and the eyewear & Optical retail market is not an exception. COVID-19 has had an intense impact on the industry of eyewear and optical. All stages of the value chain including manufacturing and distribution got disrupted due to the pandemic. Other than negative effects there were some positive effects of COVID-19 also as it unveiled inefficiencies in industry and became a reason for the rapid growth of e-commerce capabilities of eyewear and optical market in the Nordic region.

Scope of the Report:

The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Synsam Group, GrandVision, Specsavers, Synologen, and Krogh Optikk.

The report analyses the Nordic Eyewear and Optical Retail Market by End-Use (Ocular disease/disorders, Fashion, and General Protection)

The Nordic Eyewear and Optical Retail Market have been analysed By Region (Nordic) and By Country (Sweden, Denmark, Norway, Finland).

The report analyses the Nordic Eyewear and Optical Retail Market by Age Group(0-18 years, 19-64 years, and Above 65 years).

The report analyses the Nordic Eyewear and Optical RetailMarket by Product type (Spectacles/Glasses, Sunglasses, and Contact Lenses).

Key Target Audience
Eyewear Companies
Consulting and Advisory Firms
Government and Policy Makers
Regulatory Authorities

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