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Eyewear Market is Expected to Touch at a Significant CAGR of 8.30% From 2017 to 2025

 According to a report by Transparency Market Research, the global eyewear market is expected to experience a major boost in forecast period of 2017 to 2025. The growth of the market is anticipated to occur as the result of growing cases of chronic eye diseases across the globe. Moreover, rising prevalence of eye disorders such as myopia and hypermetropia are also few reasons fueling the growth of global eyewear market. As per the experts at Transparency Market Research, the fashion industry also plays a crucial role in enhancing the growth of the market.

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  • North America to Hold the Largest Share of Global Eyewear Market

Geographically, the global eyewear market has its presence in various regions across the globe. Out of all the regions, North America is expected to exhibit maximum potential for the players of global eyewear market. The growth of the region is attributed to factors such as rising disposable income, and better facilities for eye-care clinics and hospitals.

Also, the presence of various prominent players of the market in countries such as the U.S. and CanadaNorth America is expected to dominate the global eyewear market in the forecast period of 2017 to 2025.

  • Players have to Face Tough Competition During the Forecast Period

The global eyewear market has a highly fragmented and competitive landscape. The competition is expected to get even more intense with the influx of various new entrants in the global eyewear market. The tough competition posed by the existing players is expected to make it difficult for the new players to have a sustainable future in the market. However, to overcome this challenge, the new players are adopting strategies such as mergers, collaborations, and partnerships. These strategies are allowing the players to have necessary resources to establish themselves in the market.

On the other hand, the veterans of global eyewear market are investing heavily on research and development activities. These activities are aimed to help the players to develop and deliver innovative solutions in the market. As a result, these players can maintain their dominance and can acquire a competitive edge over their rivals.

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