>> Eyewear Industry Driven By A Combinational Force Of Eye Health Importance And Fashion Status
Eyewear Industry: Driven by a Combinational Force
of Eye Health Importance and Fashion Status
Published Date : 2020-11-11, Author : Bhakti Shuke
Over the last couple of decades, there has been an exponential rise in the use of
eyeglasses and contact lenses worldwide, mainly due to increasing incidences of eye
disorders such as myopia and hypermetropia, and as a fashion statement. Technological
upgradations and advancements have increased people’s exposure to smart devices and
computers, increasing the demand for prescription glasses and lenses. Preferences for
eyewear has evolved over the years, and trends have continued to change. For instance,
the 80s and 90s had a trend of wearing eyewear with thin metal frames, where
nowadays people prefer subtle and sophistical thin metal-framed round glasses.
Durability and lightweight are the two most important factors considered while choosing
a sunglass or lens.
A wide range of designs available in the market augments an individual’s aesthetic
appeal, in turn, 0ourishing the market growth. Eyewear is becoming a status symbol, and
the shift to the emerging and newer fashion trends is increasing the adoption of shades,
sunglasses, and contact lenses among the younger generation.
Eyewear Industry: An Overview
There has been an increase in technological and digital renovation in the eyewear
segment for the last few years. Manufacturers are developing new products that o2er
reduced glares and enhanced protection from the U.V. rays. This is hugely bene5cial in
times when the trend for work-from-home and continuous work on computer systems is
increasing digital eye strain, thereby driving the growth of the market.
According to the latest report published by Reports and Data, the Global Eyewear Market
is anticipated to grow at a CAGR of 7.6% to garner a revenue of USD 245.11 billion in
2027. According to a statistical report by the World Health Organization, the numbe