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Global eyewear market over the coming years. Growing number of acquisitions and development activities in relation to advanced products offering enhanced visual experience could boost the growth of worldwide eyewear market by 2025.
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Eyewear Market - Report Top Companies and Crucial Challenges, Forecast to 2026 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Global Market Scenario of Eyewear Market Industry • Reports suggest that the eyewear market could witness a notable growth, recording a CAGR of 5% by 2025. • Eyewear has managed to secure a significant share in the fashion industry. With surging use of stylish frames and contact lenses, there has been a rampant increase in demand for attractive eyewear, astronomically propelled eyewear market growth. • Escalating cases of vision related problems among younger population is expected to drive the demand for eyewear products. Constant exposure to digital applications like desktops and smartphones has accelerated the cases of computer vision syndrome (CVS) among younger generation. Overexposure to such display devices could drastically amplify the cases of such vision problems. • Reportedly, several healthcare organizations have started to initiate awareness programs and eye checkup campaigns. Authorities are also mandating eye screening center in every primary healthcare infrastructure. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continue:- • As far as fashion goes, contact lenses have turned out to become a vital end-user product for customers. Estimates claim that the contact lenses market may record over $15 billion by 2025, on account of its ava in different color options, as well as constant advancements in product material. Contact lens manufacturers are exploring untapped avenues to innovate new products. Advent of new, next-gen lenses may play a crucial role in pumping new demand in eyewear market. • Citing an instance, in 2018, Johnson & Johnson launched its latest Transitions Light Intelligent Technology in lenses that provided a dynamic photochromic filter that could stabilize the volume of light entering into the eye while correcting user’s vision. • Meanwhile, companies like Safilo Group SpA, Rodenstock, and Alcon are innovating with new products and segments and could likely gain a considerable share in the global eyewear market over the coming years. Growing number of acquisitions and development activities in relation to advanced products offering enhanced visual experience could boost the growth of worldwide eyewear market by 2025. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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360° Industry Analysis • Rise in cases of eye conditions, such as near-sightedness or prevalence of myopia, among younger population in the U.S. may advance the eyewear market outlook of North America. • The regional population is increasingly observing hectic and stressful lifestyles, with a major section encountering prolong exposure to display gadgets, contributing to potential vision problems. These issues can be rectified with the adoption of innovative eyewear. Moreover, increasing demand for eyewear products with new frames, designs, shapes and color could drive North America eyewear market growth. Request for customization:https://www.gminsights.com/roc/119 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Competitive Analysis: • Carl Zeiss AG, Bausch + Lomb, Inc., Charmant Group, Chemilens, CIBA Vision, CooperVision, Daemyung Optical CO, De RigoSpA, Johnson and Johnson, Marchon Eyewear, Marcolin Eyewear, Strategy Dashboard, Qspex Technologies, Luxottica Group, Hoya Corporation, Essilor International S.A, Fielmann AG, Rodenstock, Safilo Group, Seiko Optical Products, Shamir Optical Industry, Ltd, Shanghai Conant Optics, Silhouette International, Uvex Winter Holding, Vision-Ease Lens. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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