Eyewear comprises various protective and corrective devices or accessories, such as sunglasses, spectacles, and contact lenses, worn over the eyes. These products are usually manufactured from plastic, carbon fiber, and glass. Eyewear aids in improving visual acuity and protecting the eyes against external factors, including debris, harmful ultraviolet (UV) rays, light, and extreme environmental conditions. In addition, these devices also assist in reducing the risk of developing several visual ailments and eyesight-related problems, such as myopia, presbyopia, and hypermetropia. As a result, eyewear is gaining immense popularity among the masses for adornment purposes and visual correction.
The global eyewear market size reached US$ 149.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 222.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
The rising need for vision correction, owing to the escalating prevalence of ocular disorders across the globe, is among the primary factors driving the eyewear market. Besides this, the increasing strain caused on the eyes, on account of the prolonged use of smartphones, laptops, and tablets, has led to a rise in eye-related illnesses, including dry eyes, eyesight irritation, computer vision syndrome (CVS), and double vision, which is further augmenting the market growth.
Moreover, the introduction of smart glasses integrated with augmented reality (AR) by the leading companies, such as Luxottica Group S.p.A., Essilor International SAS, Johnson & Johnson Vision Care, Inc., Safilo Group S.p.A., Alcon Vision LLC, etc., that can control or retrieve data from other digital devices to display the required information on the glass lens is also catalyzing the global market. Apart from this, the growing geriatric population that is more prone to developing severe ocular conditions, including cataracts and age-related macular degeneration (AMD), is acting as another significant growth-inducing factor. Furthermore, the launch of innovative product variants with enhanced optical designs, materials, and advanced coatings is expected to bolster the eyewear market in the coming years.
Top Best Eyewear Brands Company and Manufacturers in the World:
1. Luxottica Group S.p.A.
2. Essilor International SAS
3. Johnson & Johnson Vision Care, Inc.
4. Safilo Group S.p.A.
5. Alcon Vision LLC
Read Full Article here: Top Best Eyewear Brands Company
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