Spectacle Frame and Mounting Market to Witness Increase in Revenues by 2020
Global Spectacle Frame and Mounting Market: Trends & Opportunities
Catering strictly to the aging population is a prominent trend adopted by spectacle frames and mountings manufacturers. A majority of people incurring optical problems are likely to be aged, compared to young and adult population. Glaucoma, refractive errors, amblyopia, cataract and dry eye syndrome, among others, are some of the most common optical disorders in the world, influencing makers of spectacle frames and mountings to design them in accordance to such treatment of such diseases.
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Global Spectacle Frame and Mounting Market: Drivers & Restraints
Corrective lenses prescribed by an eye examiner or an ophthalmologist cannot be mounted on commercial spectacle frames. Customized design specifications of spectacle frames and mountings allow doctors to fix the corrective lenses precisely, without risking user discomfort from improper viewing angles. Such a factor drives the growth of spectacle frames and mountings market in healthcare sector. Plastic or polymer materials used for production of spectacle frames and mountings can be recycled, promoting their environmental value among consumers and enabling manufacturers to get recycling subsidies from concerned regulatory bodies. Metal spectacle frames and mountings are sturdier than the plastic counterparts, thereby driving their demand among customers with long-term viewing disabilities.
On the contrary, a limited use of spectacle frames and mountings as a healthcare device might further limit business opportunities. People diagnosed with irregular optical disorders are likely to opt for contact lenses over ones fitted in spectacle frames and mountings. Cost-effective production of contact lenses will continue to threaten the growth of global spectacle frames and mountings market. Unfortunately, higher advancements in contact lens production are likely to compel manufacturers of spectacle frames and mountings to reduce production costs while comprising on quality.
Global Spectacle Frame and Mounting Market: Regional Segmentation
Classifying the growth of global spectacle frames and mounting market on the basis of key regions will include provinces, namely,
Rest of the World (RoW)
Aging population in different regions is expected to impose a distinctive impact on the region’s spectacle frames and mounting market. North America is likely to be among the leading regions in the global spectacle frames and mounting market, but higher adoption of advanced technologies in production of frames and mountings will induce higher growth in Europe as well. For Asian countries, increasing incidences of optical deformities is likely to be one of the key driver for growth of its spectacle frames and mounting market.
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Global Spectacle Frame and Mounting Market: Leading Companies
Companies manufacturing spectacle frames and mounting are likely to be working with ophthalmological experts in order to define the development of products on the long run. Including an in-house ophthalmologists might be an innovative step towards premeasuring the success of newer designs for spectacle frames and mounting in healthcare applications. Companies such as Carl Zeiss Meditec AG, The Vintage Frames Company, CooperVision, Luxottica Group S.p.A., and Transitions Optical, among others, are actively partaking in the growth of global market for spectacle frames and mounting.
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