Global Eyewear Market is valued at approximately USD 11.59 billion in 2021and is anticipated to grow with a healthy growth rate of more than 6.0 % over the forecast period 2022-2028. Eyewear Market comprises of Spectacles, sunglasses, and contact lenses. With many domestic and international competitors, the industry is highly fragmented. These items provide vision correction as well as protection from dangerous UVA and UVB solar rays. More functional kinds of eye protection, such as goggles, can also be considered eyewear. Rising geriatric population, government initiatives to mitigate vision defects in rural areas, rising cases of Visual Impairment, and defects in eyes have driven the adoption of Eyewear Market across the projected period. For Instance: Lancet Global Health projected that almost 43.3 million people were blind in 2020 and WHO has also reported that in 2021 there were at least 2.2 million people globally who have vision deficiency. Also, rising fashion trends and rising demand for different types of Eyewear are most likely to boost the overall growth of the Eyewear market. However, surging laser treatment can obstruct the market’s expansion over the projection period of 2022-2028.
The key regions considered for the global Eyewear market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Rising acceptance of eye care products is driving the market growth in North America. Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to rising prevalence of ocular disease, and increasing fashion trends.
Major market players included in this report are:
Carl Zeiss AG
Essilor International S.A.
Johnson & Johnson, Inc.
Safilo Group S.p.A
Luxottica Group S.p.A
Valeant Pharmaceuticals International Inc.
Cooper Companies Inc.
Bausch Health Companies Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
By Distribution Channel:
Brick and Mortar
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Eyewear Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers