Global Eyewear Market to Witness Growth Acceleration and Demand Forecast to 2025

The global eyewear market is anticipated to grow in the coming half decade, due to increasing awareness of UV exposure dangers, rising number of visual deficiencies, demand for trendy sunglasses, and optical frames, along with increasing usage of contact lenses by individuals for medical, as well as personal use.

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The global eyewear market is segregated into four divisions geographically: Europe, North America, and Asia-Pacific. The developed markets of North America and Europe have been traditional revenue generators, in the global eyewear market. North America possesses a major share of total revenue, in terms of aggregate demand of eyewear. Europe leads in terms of summative revenue accumulation, from eyewear sales. Growth prospects from short to medium time period are high in the emerging nations of Asia-Pacific, and Latin America. The Asia-Pacific region is the fastest growing regional market in terms of eyewear sales. It has become the key source of acceleration in the growth of the global eyewear market. The expansion in the eyewear market of Asia-Pacific is attributed to factors, like the presence of unsaturated markets, growing disposable incomes, developing economies, and the increasing awareness of visual ailments and regular eye examinations.

The global eyewear market can be categorized on the basis of functions into spectacles, and contact lenses. Contact lenses are a major medical invention, in the global eyewear industry. This medical advancement has significantly contributed to the global eyewear market. Demand for such novel innovations, are driven by affluent and aesthetic desires of societies. On one hand,the advancement in laser eye surgeries has restricted the growth of the eyewear market.

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Major Industry players are Essilor International, Luxottica Group SpA, Carl Zeiss, AG Marcolin S.p.A, and Marchon International Ltd among others.

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.