Eyewear Worldwide Market Is Expected to Collect $141.3 Billion by 2020 and Registering a CAGR of 8.1% During the Forecast Period 2015-2020 | ResearchBeam

Research Beam added report on “World Eyewear Market Technology, Trends, Analysis, Growth and Research – Eyewear Market by Product Type (Prescription Glasses/Spectacles, Sunglasses, Contact Lenses), End User (Men, Women), Mode of Sale (Retail, Online) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020”

Eyewear Market is expected to garner $141.3 billion by 2020, registering a CAGR of 8.1% during the forecast period 2015-2020, Get sample report@ http://www.researchbeam.com/eyewear-market/request-sample

Eyewear comprises accessories that are worn over the eyes for vision correction or to protect eyes from debris, harmful radiations or excessive light. Eyewear includes spectacles, lenses and sunglasses worn for vision correction or protection of eyes from harmful UV lights and dust particles. Factors such as increasing life span, growing geriatric population, and changing fashion trends have fostered the demand for eyewear, worldwide. In the present scenario, consumers not only wear eyewear for vision correction, but also for enhancing one’s appearance. Numerous market players offer innovative spectacles and lenses, owing to technological advancements and availability of lightweight materials. Emerging countries, such as India, China are exhibiting a rapid growth in the eyewear market.

Growing visual deficiency and eye defects

Growing visual impairment and need for vision correction have resulted in increased demand for eyewear. Presently, the younger generation is more inclined towards digital devices, spending most of their time on digital devices, such as mobile, laptops and video games.  Moreover, health concerns such as diabetes also affect vision of people, resulting in blindness. Thus, people suffering from diabetes, need to undergo regular eye checkups to avoid vision problems. Hence, growing visual deficiencies and vision impairments would affect the growth of the eyewear market, during the forecast period.

Rising living standards and growing fashion trend

The growing disposable income has encouraged people to buy quality eyewear products that are in perfect amalgamation with their increasing living standards. Moreover, people are now opting for trendy and designer sunglasses according to latest trends prevailing in the market. Youth prefer to don contact lenses in an effort to accentuate their overall appearance. Thus, lofty living standards and increasing fashion consciousness, would contribute to the growth of the eyewear market, thereby positively affecting the market growth.

Collaborations between different institutions to mitigate vision disorder in rural areas
Conscious efforts are now being put into standardization of medical and vision care facilities in rural areas, in a bid to reduce eyesight related issues. Governments in various countries in partnership with different organizations are initiating programs to provide reasonable eye care facilities to the rural population. With such initiatives in place, rural population would benefit from efficient healthcare and eye care facilities. Thus, these collaborations with different institutions would drive the growth of eyewear market.

Key Benefits:
This report provides market estimates and forecasts of the global eyewear market for the period 2014 - 2020.
Market intelligence for key developmental strategies adopted by top companies are explained with impact analysis.
Detailed analysis of the key market segments such as segments such as product type, end user, mode of sale and geography; provides a comprehensive understanding of the market.
Emphasis is laid on key factors affecting the growth of eyewear market. These factors are critically analyzed to reveal the most influencing factors.
Competitive intelligence highlights the business practices followed by leading players across various regions.

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