Friday, 22 January 2021

Prescription Safety Glasses Market Report- Future Growth Outlook, Trends and Opportunities Forecast to 2027

Transparency Market Research delivers key insights on the global prescription safety glasses market. In terms of revenue, the global prescription safety glasses market is anticipated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the prescription safety glasses market report.

Prescription safety glasses provide protection against hazardous liquids & gases, dust particles, sparks, heat, debris, as well as manufacturing residue. Prescription safety glasses are safety glasses having prescription lenses in it. Prescription safety glasses are especially designed to provide protection to the eyes while working in mining, chemicals, metalwork, construction, or any other industry, which poses a threat to the eyes.

In this market report, TMR estimates that based on product type, safety spectacles are likely to be the most widely used product by the end of 2027 in the prescription safety glasses market, followed by prescription safety goggles. Increasing adoption of eye safety products is expected to fuel the prescription safety glasses market globally.

Eye protection is a major concern at high-risk work areas such as construction, mining, carpentry, electrical work, automotive, and industrial manufacturing sectors. According to the National Institute for Occupational Safety and Health (NIOSH), every day about 2,000 U.S. workers sustain job-related eye injuries that require medical treatment. However, safety experts and eye doctors believe the right eye protection can lessen the severity or even prevent 90% of these eye injuries. Laboratory & janitorial staff and healthcare workers are also at higher risk of acquiring infectious diseases from eye exposure which encourages them to use eye protective equipment.  Thus, growing concerns about eye safety in various working spaces is likely to boost the prescription safety glasses market.

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Prescription safety glasses are also used during sports activities such as shooting, hunting, and adventure sports. Growing participation in these sports is anticipated to boost the prescription safety glasses market in the near future.

Prescription Safety Glasses Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the prescription safety glasses market in the near future, as large number of manufacturing and industrial sectors are present in the region. China and Japan are considered prominent markets for prescription safety glass manufacturers during the forecast timeline. Over the years, North America has emerged as the biggest market for prescription safety glasses. North America along with Europe dominate the market. Increasing government regulations and worker safety health related policies is projected to positively impact the prescription safety glasses market during the forecast period.

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global prescription safety glasses market and arrive at conclusions on the future growth prospects of the market. The research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

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Secondary sources referred to by analysts during the production of the global prescription safety glasses market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the prescription safety glasses market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from prescription safety eyewear industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global prescription safety glasses market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global prescription safety glasses market more reliable and accurate.

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