Prescription Sunglass Market Size Worth $3.76 Billion By 2022 | Key Industry Players Fielmann, Luxottica, Safilo, Essilor
San
Francisco, 20 September 2018 - The global prescription/Rx sunglass market is expected to
reach USD 3.76 billion by 2022, according to a new report by Grand View
Research. Increasing penetration of superior optics with ultra light weight and
high strength properties is expected to drive the prescription sunglass market
over the forecast period. Considerable increase in the number of internet users
has drastically boosted online purchasing of these products, which is projected
to positively impact demand.
Emerging new product streams along with changing
consumer demographics are expected to drive gains. In addition, growing
coverage for vision care with recent healthcare initiatives has expanded pool
of insured eye care. Technological advancements are largely expected to impact
the prescription sunglass market in both lens material and lens design adoption.
Growing global population and vision deficiency has
opened up several new opportunities for Rx sunglass market manufacturers and
retailers. Growing popularity of internet based sales transactions due to
widespread adoption of e-commerce industry is expected to increase the revenue
inflow from the cyberspace over the forecast period.
Full
Research Report On Global Prescription/Rx Sunglass Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/prescription-rx-sunglass-market
www.grandviewresearch.com/industry-analysis/prescription-rx-sunglass-market
Further
key findings from the report suggest:
- Global prescription sunglass market was
estimated at 29.3 million units in 2014, which is expected to grow at a
CAGR of 3.8% from 2015 to 2022.
- CR-39 materials segment accounted for over 35%
of the overall industry in 2014. This low-cost material is mainly
manufactured in countries such as China, Japan, and India. Light weight,
high durability and reliability properties has aided the demand over the
past few years. Glass is becoming an obsolete material used in the eyewear
industry, with demand expected to decline over the forecast period.
- Polycarbonate accounted for over 25% of the
overall share in 2014 and is expected to grow at a CAGR of 3.4% in terms
of revenue from 2015 to 2022. These materials are more impact resistant
than CR-39. Growing demand on account of extensive adoption in emerging
countries is expected to favorably impact the demand over the next seven
years.
- Trivex prescription sunglass market is expected
to grow significantly over the forecast period. Increasing digitization in
production and development is anticipated to positively impact shipments.
The industry is characterized by advancements in the field of optics,
metallurgy, plastics, and other areas.
- Asia Pacific prescription sunglass industry
accounted for over 20% of the global revenue in 2014, and is expected to
witness substantial growth. Europe is expected to continue leading revenue
generation owing to the presence of high-end manufacturing brands in the
region.
- Notable players operating in the prescription
sunglass market include Fielmann, Luxottica, Safilo, Essilor, and
CooperVision. Existing retailers in the industry have the potential to
integrate backward into the manufacturing sector, thus attempting to
establish their presence across the value chain. There are a number of
avenues and distribution channels for the purchase of prescribed glasses
with high quality, where cost remains the deciding factor. Vendors are
placing emphasis on competent distribution channels which will be critical
for competitive advantage.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the prescription/Rx sunglass market on
the basis of lens material and region:
Prescription
Sunglass Lens Material Outlook (Volume, Million Units and Revenue, USD Million;
2012 - 2022)
- CR-39
- Polycarbonate
- Polyurethane
- Glass
- Others
Prescription
Sunglass Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012
- 2022)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-prescription-rx-sunglass-market
www.grandviewresearch.com/press-release/global-prescription-rx-sunglass-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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