The Optical Goods Stores Global Market Report 2023, provides comprehensive information on the optical goods stores market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global optical goods stores market size is expected to grow from $61.53 billion in 2022 to $65.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global optical goods stores market size is expected to reach $80.67 billion in 2027 at a CAGR of 5.2%.
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Technology advancement is a key trend gaining popularity in the optical goods store market. Major companies operating in the optical goods store market are focused on developing new technological solutions to strengthen their position. For instance, in 2020, Johnson & Johnson Vision Care, Inc., a US-based eye health institute, launched ACUVUE OASYS MAX 1-Day MULTIFOCAL contact lenses and the ACUVUE OASYS MAX 1-Day contact lenses for presbyopia. TearStable Technology and an OptiBlue light filter were used to create an unheard-of mix of innovative technologies to assist fulfill the demands of digitally intensive lives. For superior all-day comfort, TearStable Technology is created to maximize tear-film stability and seal in moisture. The OptiBlue light filter reduces light scatter for remarkable visual clarity from day to night by having the highest level blue-violet filter in the business, at 60%. Additionally, ACUVUE OASYS MAX 1-Day lenses completely filter UVB and 99.9% of UVA radiation.
The optical goods stores market is segmented:
1) By Product: Spectacles, Sunglasses, Contact Lenses
2) By Gender: Men, Women, Unisex
3) By Distribution Channel: E-Commerce, Brick And Mortar
North America was the largest region in the optical goods stores market in 2022.
The table of contents in TBRC’s optical goods stores market report includes:
- Executive Summary
- Optical Goods Stores Market Characteristics
- Optical Goods Stores Market Trends And Strategies
- Optical Goods Stores Market – Macro Economic Scenario
- Optical Goods Stores Market Size And Growth
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- Africa Optical Goods Stores Market
- Optical Goods Stores Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Optical Goods Stores Market
- Optical Goods Stores Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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