- The global eyewear market is projected to expand at a CAGR of 6. 0% during 2022-2031
- Surge in the cases associated with eye-related disorders among people worldwide is fueling demand opportunities within the global eyeglasses market
- Improving spending power of populace in developed and developing nations drives the sales of eyewear
WILMINGTON, Del. , Nov. 1, 2022 /PRNewswire/ — A global eyewear market is estimated to gain a value of US$ 300. 9 Mn by the end of 2031, states a study by Transparency Market Research (TMR). In addition, the study finds that the market for eyewear will be expected in order to grow in a CAGR of six. 0% during the forecast period, from 2022 to 2031.
As per TMR’s study on the trends in the sunglasses market, players are anticipated to gain sizable business opportunities in the spectacles segment throughout the forecast period. The growth of the segment is ascribed to factors such as increase in the particular demand with regard to blue light-blocking glasses and rise in the cases associated with eye diseases among individuals from all age groups globally. Moreover, the section also expected to expand at significant pace owing to rise in the need for eye protection glasses as the screen time of population in created and developing nations will be being increasing.
The demand for sunglasses and contact lenses is being rising in the particular recent years as the trend of using them as fashion accessories is increasing. This factor, within turn, is usually prognosticated to lead in order to the expansion of the contact lenses plus sunglasses portion during the forecast time period, state analysts of a TMR review.
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Eyewear Market: Key Findings
- The prevalence of different types of eye diseases such as hypermetropia or far-sightedness and myopia is being increasing among people from all age groups globally. As for each the statistics by the Centers for Disease Control plus Prevention (CDC), about 6. 8% of US kids with age group less than 18 are being diagnosed with vision or even eye health condition. Approximately 3% of children with less than 18 are usually visually impaired or blind, according to a TMR study on the eyewear market. These children with eye health issues are not able to see even after using get in touch with lenses or glasses. Furthermore, about 20. 5 million people along with 40 years or even above age within the U. S. live with cataracts in both or one eyes. Hence, within the particular cases associated with eye problems globally is definitely estimated in order to drive the eyewear marketplace expansion during the forecast period.
- The trend of using contact lenses and sunglasses can be being growing in the particular recent because fashion accessories. Due to improving spending energy and rising focus upon visual appearance, people are inclining toward the use of trending eyeglasses. Besides, the particular adoption associated with sunglasses is usually being increasing in order to provide protection to eyes through UV rays as well as a fashion statement, note researchers of the TMR sunglasses market.
- Contact lenses are available in different colors including aqua blue, hazel, grey, green, plus brown. Professional athletes are increasing the demand regarding custom-tinted contact lenses in order to boost their visual performance. Such factors are creating lucrative prospects for key vendors in eyewear market, note experts of a TMR research that delivers important insights around the marketing strategy intended for eyewear.
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Eyewear Marketplace: Growth Boosters
- Increase within the frequency of various vision diseases amongst people globally is anticipated to boost the market need for eyeglasses
- Surge in the use of eyewear while products worldwide is projected to drive the particular future associated with eyewear marketplace growth
Eyeglasses Market: Key Players
Some of the key players profiled within the report are:
- Bausch & Lomb Inc.
- Johnson & Johnson Vision Care, Incorporation.
- Fielmann AG
- Marchon Sunglasses, Inc.
- Essilor International
- Luxottica Group S. p. A.
- Hoya Corporation
- Zeiss Worldwide
- De Rigo S. p. A.
- Safilo Group H. p. The.
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Eyewear Market Segmentation
- Product Type
- Single Vision
- Reading Glasses
- Safety Eyeglasses
- Others (Blue Light Glasses, etc. )
- Contact Lenses
- Soft Contact Lenses
- Rigid Contact Lenses
- Toric Contact Lens
- Polarized Sunglasses
- Non-polarized Sun glasses
- By Lens Material
- Spectacles & Sun glasses
- Organic Plastic
- Others (Trivex, etc . )
- Get in touch with Lenses
- Silicone Hydrogel
- Simply by Consumer Group
- By Modality
- By Price Range
- By Distribution Channel
- Company-owned Website
- E-commerce Web site
- Specialty Stores
- North America
- Asia Pacific
- Middle East & Africa
- South America
Disposable lenses Market – Lenses Market is certainly expected in order to reach value of US$ 14. 5 Bn right at the end of 2031
Skin Care Products Market : Skin care products market is expected to reach the worth of US$ 269. 2 Bn by the end of 2031
Spas and Beauty Salons Marketplace – Spas and Beauty Salons Market is expected to surpass the value of US$ 244. 52 Bn right at the end associated with 2031
Facial Care Market – Asia-Pacific Facial Care Market is expected to get to the value of US$ 88. 4 Bn by the end of 2031
Cosmetic Skincare Market — Cosmetic Skin Care Market is likely to reach US$ 154. 7 Bn by the end of 2031
Hair Care Products Market – Tresses Care Products Marketplace is anticipated to cross the value of US$ 72 Bn by the particular end of 2031
Sun Care Marketplace – Sunlight Care Market is anticipated to reach US$ 3 Bn by the end associated with 2031
Hand Dryer Market – Hand Dryer Market is expected to reach US$ 1. five Billion right at the end of 2031
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