Global Eyeglass Market Projected to Grow 7% Through 2030
What happened
A new report outlines the state of the global eyeglasses market, which is projected to grow at a rate of 7% over the next five years, extending into 2030. This growth is attributed to several factors, including the aging population, the rising prevalence of refractive errors, and increased eye conditions among younger generations. The market also benefits from technological innovations in lens and frame designs and the rise of digital eye strain.
From openpr.com
Why it matters
The market includes the design, production, and sale of eyewear for vision correction, eye protection, and style enhancement. The growth is supported by the expansion of distribution channels and the increasing demand for prescription and sunglass products.
From openpr.com
Who's involved
- CooperVisionParticipant in the global eyeglasses market growth
- EssilorLuxotticaParticipant in the global eyeglasses market growth
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CooperVisionSpeculative
CooperVision might see increased market demand due to the projected 7% global market growth.
- EssilorLuxotticaSpeculative
EssilorLuxottica could experience increased market demand driven by the projected 7% global market growth.
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The entities involved
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CooperVision
company in Fairport, United States
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EssilorLuxottica
Multinational eyewear and optical equipment company