Eyewear Market Segmentation, Application, Technology & Market Analysis Research Report 2025

High level of fragmentation on account of presence of plethora of companies is expected to shape the competitive contours of the global eyewear market, finds Transparency Market Research (TMR). Some of the predominant players present in the global eyewear marker are Bausch & Lomb Inc., Essilor International, Luxottica Group S.p.A., Zeiss International, Marchon Eyewear and Johnson & Johnson Vision Care. Major players in the market are focusing on product innovation and acquisitions along with partnerships to expand their business.

As per the recent TMR report, the global eyewear market is expected to reach a value of US$ 265,414.36 Mn by 2025. The market was valued at US$ 132,708.54 Mn in 2016. During the forecast period from 2017 to 2025, the global eyewear market is predicted to expand at a CAGR of 8.30 %.

Geographically, the global eyewear market is segmented into five major  regions namely North America, Asia Pacific, Europe, South America and the Middle East and Africa. North America currently holds the lead in the global eyewear market. In the near future as well  the regional market is anticipated to rise at steady pace. This due to rising disposable income of people in the region. On the basis of segments online segment to report a higher CAGR during the course of the forecast period.

Request to View Brochure of Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=350

 

Increasing prevalence of Chronic Eye Diseases to boost Demand  

One of the prime drivers of the global eyewear market is increase in the prevalence of the chronic eye diseases across the world. Apart from this, hectic lifestyle and changing demographics are the other factor propelling the market of the global eyewear market. Some of the common causes of growing visual problems are hypermetropia/hyperopia, astigmatism, myopia, and presbyopia include the longer of uses of smartphones and tablets. The rising incidence of visual impairment will pose a positive effect on the global eyewear market. According to the World Health Organization (WHO), around 285 million people across the world are suffering from visual impairment wherein nearly 246 million people are suffering from the low vision and 39 million complain of blindness. This is big figure for the global eyewear market and creates huge opportunity for the growth in the market.