DUBLIN, June 16, 2016 /PRNewswire/ —
Research and Markets has announced the addition of the “Global Eyewear Market 2016-2020” report to their offering.
The the global eyewear market is forecast to grow at a CAGR of 7.18% during the period 2016-2020.
A key trend which is contributing to market growth is the use of eyewear as fashion products. Eyewear designers are increasingly focusing on the development of eyeglasses and sunglasses in new styles, sizes, colors, and designs. Consumers can now choose products depending on the occasion, such as office wear, casual wear, party wear, and beachwear. Prescription sunglasses have gained immense popularity, with many consumers maintaining two pairs of glasses for daily use: one pair of regular prescription eyeglasses and one pair of prescription sunglasses.
According to the report, a key growth driver is the increasing prevalence of sight disorders. The high prevalence of vision disorders today may be attributed to factors such as changing dietary habits, and more time spent playing video games, watching television, and in front of computers at work and at home. 75% of people in APAC, and 35% each in Europe and the US, suffer from some form of myopia or hyperopia. Approximately 5,000 cataract operations are carried out per million people every year worldwide; cataracts are one of the leading causes of blindness in the world.
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Laura Wood, Senior Manager
SOURCE Research and Markets