The latest report by IMARC Group, titled “Eyewear Market Report by Product (Spectacles, Sunglasses, Contact Lenses), Gender (Men, Women, Unisex), Distribution Channel (Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores), and Region 2024-2032“, The global eyewear market size reached US$ 159.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 279.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

Eyewear is a specialized accessory developed to enhance vision and protect the eyes. It consists of lenses mounted within a frame that is worn in front of the eyes. It serves several essential functions, including vision correction, sunglasses, protection, fashion and style, computer and digital device use, sports and specialty eyewear, and reading glasses. It corrects vision impairments and serves as a fashion accessory, reflecting personal style and preferences. It includes conditions such as nearsightedness or myopia, farsightedness or hyperopia, and astigmatism, for which prescription eyeglasses are customized to address an individual's specific vision needs, helping them see clearly and comfortably. Additionally, the increasing use of reading glasses for individuals who experience presbyopia, an age-related condition that affects near vision, helps with reading and other close-up tasks. As a result, eyewear is gaining immense traction among individuals.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/eyewear-market/requestsample

Eyewear Market Trends and Drivers:

The global eyewear market is primarily driven by the growing geriatric population in several countries. In addition, the prevalence of vision-related issues such as presbyopia and cataracts is increasing, escalating the demand for prescription eyeglasses. Also, the rise in digital device use resulted in an uptick in cases of digital eye strain and myopia among younger individuals, further escalating the need for corrective eyewear. Moreover, the widespread adoption of smart glasses, equipped with features including augmented reality (AR) displays and health monitoring sensors among tech enthusiasts and in sectors including healthcare, logistics, and manufacturing, represents another major growth-inducing factor. Besides this, the increasing focus on sustainability and eco-friendliness led consumers to become more conscious of their environmental impact, accelerating the market growth. As a result, eyewear companies are investing in eco-friendly materials, recycling programs, and sustainable manufacturing practices to meet the escalating demand for environmentally responsible products. Furthermore, the growing e-commerce platforms are providing consumers with convenience and several options, making it easier for them to browse, select, and purchase eyewear from the comfort of their homes, creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

• Spectacles
• Sunglasses
• Contact Lenses

Breakup by Gender:

• Men
• Women
• Unisex

Breakup by Distribution Channel:

• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Luxottica Group S.p.A.
• Essilor International SAS
• Johnson & Johnson Vision Care Inc.
• Safilo Group S.p.A.
• Alcon Vision LLC

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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