The
demand for eyewear products was over 2,600 million units in 2011, and
is expected to grow at a CAGR of 3.7% from 2012 to 2018.
Consideringin terms of revenue, the market was valued at
approximately USD 81 billion in 2011 and is expected to reachUSD 130
billion by 2018.
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the full report at Eyewear Market
http://www.transparencymarketresearch.com/eyewear-market.html
In
terms of demand and revenue, spectacles (spectacle lenses and
spectacle frames) are the largest product segments of the eyewear
market. These sectors were valued at over USD 63 billion in 2011. Due
to changing lifestyle,extensive usage of computers, increasing formal
employment,increasing awareness, and acceptance of corrective or
refractive surgeries to eliminate the use of corrective eyewear, a
large percentage of the population is accustomed to eyewear
solutions. The number of individuals requiring prescription eyewear
and using corrective eyewear is also on the incline. This is becoming
a major driving growth factor of the global eyewear market.
Another
budding up sector in this market is the contact lenses segment. Due
to increased awareness and convenience of use, contact lenses are
another major eyewear product gaining high-user acceptance worldwide.
The preferred modality they are available in is usually daily
disposable and weekly disposable forms which make itdesirable to
consider and use. However, owing to the lower retail prices of the
contact lenses as compared to other eyewear products, this sector is
not expected to translate into high revenues in the coming years.
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According
to the study proposed in this report by Transparency Market
Research,rise in the number of visual deficiencies amongst the
constantly growing population has led the population to adapt to
effective eyewear solutions for a better vision. It has also created
great awareness regarding the importance of regular eye examinations
and methods of elimination using corrective eyewear.All these factors
are expected to inhibit the growth of the global eyewear market over
the next six years. The study claims that a large percentage of the
population is afflicted with conditions such as presbyopia, myopia,
hyperopia, and astigmatism.Hence,in order to do away with such
conditions in the long run, the pressing demand for corrective
eyewear and eyewear products such as contact lenses, spectacles,
andPlano sunglasses stirs up in the industry. Plano sunglasses are
fitted with non-Rx lenses providing protection for the eyes against
harmful UV radiation. Additionally, the expansion of the eyewear
market is also mainly attributed due to children using spectacles or
adapting to vision correction techniques at an early age.
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Press Release Eyewear Market
http://www.transparencymarketresearch.com/pressrelease/eyewear-market.htm
This
report summarizesthe growth factors,estimations, and detailed
analysis of the global eyewear market in terms of volumes (million
units) and revenue (USD million) for the forecast period 2011 to
2018. It also incorporates extensive company share analysis, as well
as comprehensive profiles of key market playersnamely; Luxottica,
Safilo, Johnson & Johnson, Bausch & Lomb, Hoya Corporation,
and Essilor among others. In addition, considering both in terms of
revenues and volumes, each geographical segment is analyzed on the
basis of the type of product from 2011 to 2018.
By
geography, North America was once regarded as the market leader in
eyewear. It accounted for over 30% of the global market share in
2011. Following to North America, Asia Pacific, particularly India
and Chinais expected to be the fastest growing market in terms of
revenue over the forecast period. High-growth is expected inthese
regions because of its dense population and high degree of eyewear
penetration. Asia-Pacific is expected to grow at a CAGR of 9.0% from
2012 to 2018.
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all Consumer Goods Market Research Reports@
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