In the global contact lenses market, North America is the biggest market for contact lenses but it is also the slowest growing rate. North America is followed by Europe and Asia Pacific. Asia Pacific region is growing most quickly. Chief eyewear players are targeting up-and-coming markets such as India and China.
Increasing the demand for varifocals contact lenses (compared to bifocals), although varifocals contact lenses are four times as costly as single vision contact lenses. The evolution to disposable contact lenses and demand of specialty contact lenses is also driving market development. Another key trend is that individuals over the age of 50 to 55 are bigger consumers of photo chromatic contact lenses compared to younger consumers.
The global sunglass market is generally sectored by price and function and the two major price sectors are premium and value. The premium sector is growing quickly as compared to the value sector.
The overall contact lenses global market is quite fragmented comprising of eye care practitioners, mass merchandisers and direct marketers, with eye care practitioners having the major share of the retail market. Direct marketers of contact lenses generally perform sales via the online.
The statement analyzes the eyewear market in United States, United Kingdom and Germany, besides providing an overall analysis of the global market. The statement provided in-depth analysis of contact lenses and eyeglasses segments of the global eyewear market.
