Global Eyewear Market is Expected to Reach USD 130 Billion in 2018: Transparency Market Research

     Global Eyewear Market is Expected to Reach USD 130 Billion in 2018:
                         Transparency Market Research

  PR Newswire

  ALBANY, New York, April 11, 2013

ALBANY, New York, April 11, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( ) " Eyewear Market (Spectacles,
Contact Lenses, Plano Sunglasses) - Global Industry Analysis, Size, Share,
Growth and Forecast, 2012  -  2018 ," the demand for eyewear products was
over 2,600 million units in 2011, and is expected to grow at a CAGR of 3.7%
from 2012 to 2018. In terms of revenue, the market was valued at approximately
USD 81 billion in 2011 and is expected to reach USD 130 billion by 2018.

Browse the full report at

High degree of market penetration of corrective eyewear such as
spectacles/eyeglasses is primarily responsible for the burgeoning demand for
these products. The increasing number of individuals requiring prescription
eyewear is also a major driving force for the growth of this market. Expansion
of the wearer base can be mainly attributed to children requiring vision
correction at an early age due to lifestyle changes, and the rapidly
increasing aging population which requires progressive lenses. However,
increasing awareness and acceptance of corrective or refractive surgeries to
eliminate the use of corrective eyewear is expected to inhibit market growth
over the next five years.

Spectacles (spectacle lenses and spectacle frames) are the largest product
segment of eyewear in terms of demand and revenue, and were valued at over USD
63 billion in 2011. Contact lenses are another major eyewear product, and are
expected to enjoy increasing consumer demand. However, this is not expected to
translate into high revenues owing to the relatively lower retail prices of
contact lenses compared to other eyewear products.

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North America was the market leader in eyewear, and accounted for over 30% of
the global market share in 2011. Asia Pacific, particularly China and India,
with its dense population and high degree of eyewear penetration, is expected
to be the fastest growing market in terms of revenue over the forecast period,
and the industry is expected to grow at a CAGR of 9.0% from 2012 to 2018 in
this geography.

The global market is moderately consolidated and is characterized by the
presence of a significant unorganized sector, especially on a regional level.
The contact lens and plano sunglasses industries are expected to witness an
increase in market share over the next few years. This study incorporates an
extensive company share analysis, as well as comprehensive profiles of key
market players such as Luxottica, Safilo, Johnson & Johnson, Bausch & Lomb,
Hoya Corporation, Essilor, and so on. 

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The report estimates the global eyewear market in terms of volumes (million
units) and revenue (USD million) from 2011 to 2018. Each geographical segment
is analyzed on the basis of the type of product from 2011 to 2018, both in
terms of volumes and revenues. The study includes detailed analysis for each
market segment which would assist in making effective strategic decisions. The
report segments the global eyewear market as:

  *Eyewear Market, by Product Type:

       *Spectacle lenses
       *Spectacle frames

  *Contact Lenses
  *Plano Sunglasses
  *Eyewear Market, by Geography:
  *North America
  *Asia Pacific
  *Rest of the World (RoW)
  *Eyewear Market, by Distribution Channel:
  *Retail outlets
  *Healthcare service providers
  *Online portals

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