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Transparency Market
Research
Eyewear Market (Spectacles, Contact Lenses, Plano
Sunglasses) 2018
Published Date
2013-04-11
90 Page Report
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Press Release
Global Eyewear Market to Reach US$130 bn By 2018
Transparency Market Research
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90, State Street, Suite 700.
Albany, NY 12207
United States
www.transparencymarketresearch.com
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Eyewear 2018
REPORT DESCRIPTION
Free Market Analysis Of Eyewear Market
Transparency Market Research (TMR), a market intelligence and research firm, has published a
research study on the Global Eyewear Market. The report pegs the overall value of this market
in 2011 at US$81.0 bn. Further, it predicts that the worldwide eyewear market will reach a value
of US$130 bn by the end of 2018.
Any product worn on or over the eye can be termed as eyewear. It encompasses three major
product types: spectacles, contact lenses, and plano sunglasses. The rapidly increasing wearer
base, with a growing percentage of presbyopes is the strongest driving force for the growth of
the eyewear market. In addition, the high renewal rate of lenses due to frequent replacement
cycles and changes in lens prescriptions is expected to fuel the market over the forecast period.
The increasing number of refractive surgeries such as LASIK (Laser assisted in-situ
keratomileusis) in order to reduce or eliminate the individual’s dependency on prescription
corrective eyewear is a major factor inhibiting the eyewear market. These procedures are
becoming progressively more affordable for a large percentage of the population. Additionally,
there is a higher degree of awareness regarding these surgeries, which is expected to act as a
restraint on market growth. However, refractive surgeries are still unaffordable for many
consumers, particularly in developing nations.
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