A new report added to the repository of Market Research Reports Search Engine “Eyewear Market - Global Industry Analysis, Size, Share, Growth and Forecast 2017 - 2023” is a comprehensive repository of information, providing market share, size, and forecast.Get Free Sample Report @ [URL]https://www.mrrse.com/sample/1118[/URL]
The global eyewear market is driven by the rising population of individual suffering from conditions such as myopia, presbyopia, hyperopia, and astigmatism. The demand for corrective eyewear is the major driving force behind the growth of this market
The report analyzes the global eyewear market on the basis of the product types, distribution channels, and regional markets.
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The research report offers a comparative analysis of the global eyewear market on the basis of the qualitative as well as quantitative evaluation of every segment of this industry. The study also evaluates the present market dynamics and the existing trends such as the driving forces, restrictions, and future prospects the eyewear market across the globe.
Overview of the global eyewear market
According to the TMR report, the demand for eyewear products in 2011 was more than 2,600 million units and it is expected to register a CAGR of 3.7% between 2012 and 2018. In terms of revenue, the market generated approximately US$81 billion in 2011 and is projected to attain US$130 billion by the end of the forecast period.
On the basis of the types of eyewear, the market for spectacles, including both, spectacle lenses and spectacle frames, dominates the global eyewear market. In 2011, the spectacles market valued more than US$63 billion. Aided by the rising number of individuals using as well as needing prescription eyewear or corrective eyewear, the future of this market is booming.
Though the market for contact lenses is comparatively small, but its future isn’t bleak at all. On account of the increasing awareness about the benefits and convenience of use, the contact lenses are gaining worldwide acceptance, which, in turn is expected to help the market expand significantly.
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In 2012, the eyewear market in North America acquired the leading position occupying more than 30% of the global market in terms of consumption. The high demand for sunglasses and contact lenses in the region was the key driver fuelling the eyewear market in North America. On the other hand, the European eyewear market generated the highest revenue of around 40% of the overall market, the same year.