Eyewear Market (Spectacles, Contact Lenses, Plano Sunglasses)2018

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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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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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