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Demographic & Lifestyle Factors Boost Consumption of Eyeglasses, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Eyeglasses markets. Global market for Eyeglasses is forecast to reach 4.5 billion units by 2020, spurred by rising incidence of visual impairments as a result of demographic and lifestyle factors such as, aging population, sedentary lifestyles, and excessive exposure to radiation from electronic displays.

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Eyeglasses: A Global Strategic Business Report

San Jose, California (PRWEB) May 30, 2014

Follow us on LinkedIn – Demographic and lifestyle factors that aggravate incidence and prevalence of visual disorders are major underlying factors catalyzing demand for eyeglasses. Prescription eyeglasses, and ready-made reading glasses and sunglasses remain the most popular means for optical correction and protection. Demand for eyeglasses is being spurred by aging baby boomers who prefer the comfort of eyeglasses over the aesthetic appeal offered by contact lenses. Demand is also being driven by increased prevalence of eye disorders among children and youth as a result of unhealthy diets, sedentary lifestyles and increased exposure to electronic displays.

While plastic lenses dominate the eyeglass lenses market, the poorer optical clarity and scratch-resistance of polycarbonate lenses is stimulating consumer demand for newer materials such as CR-39. The 40+ years demography is driving sales of Progressive Lenses. Niche segments such as sports eyewear and performance eyewear as well as children’s eyewear are among the fastest-growing and most lucrative product categories. Lenses with anti-reflective coating, and custom-tailored lenses are witnessing strong demand. Lightweight plastic frames continue to garner appeal among consumers across the world. Contrary to the trend where women preferred contact lenses, eyeglasses are making a comeback in a range of trendy and designer models and labels. Bold and dynamic colors are making their way into men’s eyewear, with bright shades of blue, red and green in vogue complemented by chromatic and flash lenses. Innovative designs such as interchangeable lenses and memory titanium frames are continuing to invigorate growth in the market. However, the growing consumer preference for refractive surgical procedures, including keratectomy and LASIK looms ominously over the eyewear market as a potent threat to growth.

As stated by the new market research report on Eyeglasses, Asia-Pacific represents the largest regional market worldwide in terms of volume sales. The region also ranks as the fastest growing market with a CAGR of 6.6% over the analysis period. China is emerging as the global hub for production and consumption of corrective eyewear. Growth is driven by higher consumer affinity for innovative products, high purchase frequency, multiple pair ownership, growing awareness over eye health, government initiatives, expanding umbrella of public and private healthcare coverage for eye-care, and aggressive marketing campaigns of leading eyewear manufacturers. Increased awareness over eye-health is encouraging consumers to upgrade to relatively expensive polarized sunglasses.

Major players covered in the report include Carl Zeiss AG, De Rigo S.p.A., Essilor International, Hoya Corporation, Indo Internacional, S.A., Luxottica Group S.p.A., Oakley, Inc., Safilo Group S.p.A., and TEK Optical Canada.

The research report titled “Eyeglasses: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, challenges, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections in volume and value for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product markets analyzed include Lenses (Glass Lenses, Plastic Lenses and MHI & Polycarbonate Lenses), Frames (Metal and Plastic) and Sunglasses (Premium-Priced and Popular-Priced). The market for Lenses is further analyzed in volume terms for Single Vision, Bifocal and Progressive Addition Lenses.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Eyeglasses_eye_glasses_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/


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  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
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