The global eyewear market size is anticipated to expand owing to the increasing awareness about ocular diseases, coupled with the rise in prevalence of vision abnormality. A report on eyewear market by Fortune Business Insights, titled “Eyewear Market Size, Share and Industry Analysis, By Product Type (Spectacles, Sunglasses, Contact Lens), By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2019-2026” provides a 360-degree overview of the market that will prove beneficial for players in the forecast duration. According to the report, the eyewear market size is predicted to be worth USD 178.95 billion by the end of 2026 from USD 115.90 billion in 2018. The forecast period is set from 2019 to 2026 and the market is expected to exhibit a CAGR of 5.7%. With respect to product type, the market will be dominated by the spectacles segment owing to the rising prevalence of eye disorders such as hypermetropia and myopia.

Highlights of the Report:

• In-depth analysis of various insights, namely, Eyewear Market trends, growth drivers, opportunities, and other related challenges.
• Comprehensive details of key market players, their core competencies, and Eyewear Market share.
• The potency of suppliers and buyers to make better business decisions.
• Lists out the market size in terms of volume.

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Key Players Operating in The Eyewear Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

• Fielmann AG
• Johnson and Johnson Services, Inc.
• Alcon (Part of Novartis AG)
• Safilo Group S.p.A
• Bausch Health Companies Inc.
• EssilorLuxottica
• Carl Zeiss
• CooperVision
• Other Prominent Players

North America to Continue Dominance Owing to Presence of Increasing Awareness about Eye Problems

The global eyewear market is geographically segmented into five regions namely Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. In 2018, North America generated an eyewear market revenue of USD 35.60 billion and dominated the market. This domination is attributable to factors such as a rise in awareness about ocular disorders, and preference for premium eye care products. On the other side, Europe eyewear market will rise at a remarkable rate owing to an increase in affordability to buy expensive sunglasses in nations such as UK, France, and Germany.

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Moreover, the market in Asia Pacific is likely to witness high CAGR in the eyewear market share on account of the rise in geriatric population, prevalence of ocular diseases, rise in disposable incomes of people, and brand advertising that urges people to opt for the expensive branded eyewear products.

Detailed Table of Content:

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Report Focus:

• Extensive product offerings
• Customer research services
• Robust research methodology
• Comprehensive reports
• Latest technological developments
• Value chain analysis
• Potential Eyewear Market opportunities
• Growth dynamics
• Quality assurance
• Post-sales support
• Regular report updates

Reasons to Purchase this Report:

• Comprehensive analysis of the Eyewear Market growth drivers, obstacles, opportunities, and other related challenges.
• Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
• Identifies market restraints and boosters.
• Identifies all the possible segments present in the market to aid organizations in strategic business planning.

KEY QUESTIONS ANSWERED:

• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the Eyewear Market growth?
• What are the key technological and market trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?

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