LONDON--(BUSINESS WIRE)--The global glass lens market is expected to post a CAGR of around 4% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report
The growth in the global elderly population has increased the expenditure on healthcare for health checkups, disease diagnosis, and treatment. Vision loss is one of the most common health problems faced by the elderly population. Some of the common age-related eye diseases and conditions include glaucoma, cataract, age-related macular degeneration, and dry eye. The prevalence of these conditions is increasing with the growing number of chronic cases in the elderly population. These factors will have a positive impact on the demand for glass lenses during the forecast period.
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As per Technavio, the availability of products through online distribution channels will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.
Global Glass Lens Market: Availability of Products Through Online Distribution Channels
Market players are focusing on the sale of their products through online channels and e-commerce platforms to boost revenues. This has increased the availability of products, which is also helping market players to enter new and emerging markets. The online availability of a wide range of glass lens products has enabled customers to choose products through brand, price, and point of sale options. In addition, factors such as the rapid expansion of the e-commerce industry and increasing consumer inclination toward online shopping are expected to boost the growth of the global glass lens market during the forecast period.
“Increase in diabetic population and the launch of new and innovative products will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Glass Lens Market: Segmentation Analysis
This market report segments the global glass lens market by product (progressive glass lens, single vision glass lens, and bifocal glass lens) and geography (Americas, APAC, and EMEA).
The Americas region led the market in 2017, followed by EMEA and APAC respectively. During the forecast period, the EMEA region is expected to witness maximum incremental growth.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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