Eyewear Market Segmentation:
Product Type Segment Analysis
The spectacles segment in the eyewear market is anticipated to garner the largest share of 50.8% of the global revenue by the end of 2034. The proprietorship of this segment is backed by its contribution to vision correction in myopia, increasingly affecting the young generation. During an NLM study, 3, 2, and 1.4 times higher prevalences of myopia among children aged 6, 7, and 8 were observed in 2020, respectively. Another large-scale ScienceDirect study from June 2024, conducted in an age group of 10.96 ± 3.5 in China, exposed that the level of correct utilization of spectacles in moderate myopia accounted for 40.7%. Similarly, a systematic NLM review from August 2023 established the notable psychological benefits of using spectacles in children, showcasing the escalation of cognitive and educational well-being.
Distribution Channel Segment Analysis
Based on distribution channels, the online store segment is predicted to grow at a notable pace in the eyewear market throughout the analyzed timeframe. The ongoing digital transformation of retailing and shopping is fueling progression in this segment. This is testified by the report from the International Trade Administration, stating that the global B2C e-commerce industry is projected to exhibit a CAGR of 14.4% till 2027, securing a net revenue of USD 5.5 trillion. Moreover, after the pandemic struck, the trend of buying healthcare essentials online gained traction and is continuing to magnify by offering customers remote shopping experiences, a large collection of commodities, and return or exchange policies.
Our in-depth analysis of the global eyewear market includes the following segments:
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Distribution Channel |
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