Tuesday, 28 January 2020

Methanol Market 2019 Research by Business Analysis, Growth Strategy and Industry Development to 2026


New York City, 28 January 2020: The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research.Methanol is one of the largely produced chemicals in bulk by making use of feedstock such as natural gas and coal. Approximately 200,000 kilo tons of methanol is being consumed every day for the production of other chemicals or as transportation fuels. The global methanol industry apart from large number of producers constitutes of thousands of technology innovators, distributors, service providers, and downstream manufacturers.


Rising formaldehyde manufacturing is primarily driving the global methanol demand. Methanol is a key chemical in the production of formaldehyde which is further modified to from glues, resins, and plastics. It is also used largely in the production of acetic acid which is used in the manufacturing of PET products and polyester fibers. Methanol is among one of the largest industrial chemicals that is an essential building block for other chemical compounds.

One of the fastest growing end-use of methanol in the current scenario includes methanol to olefins (MTO). Ethylene and propylene are olefins with massive demand in the plastic growth. MTO growth opportunities have majorly appeared in China and are typically produced by the steam cracking of ethane and naphtha.

Methanol market is crucially more complex with some of its derivative affordability highly dependent on fluctuations in the prices of crude oil. The global methanol industry is anticipated to witness moderate growth rates during the forecast period. This is due to maturity in direct gasoline blending and moderating growth rates of MTO projects, especially arising from the Northeast Asia.


The end-use applications of methanol are further serving applications in direct sectors such as packaging, textiles, construction, coatings, furniture, paints, and few others. The overall market demand of methanol is considerably complex and is impacted by several factors such as fuel consumption, fuel prices, biofuel mandates, environmental policies, plastic consumption, chemical demand, and consumer housing/construction markets.

Asia Pacific is the dominant regional market for methanol followed by North America and Europe respectively. Northeast Asia is is the major region for the production of methanol. While the production stagnated in most of the regions since the turn of the century, it gained immense significance in Northeast Asia due to high demand from China. Regions such as Middle East are low cost regions with competitive production, where it is basically a swing supplier to North America and Europe. The global ethanol pricing originates is China and on basis of same benchmarking the prices are set by the Middle East.

Global methanol market constitutes of large number of multinational and domestic companies and is highly fragmented. Some of the major industry players for methanol include Methanex Corporation, Methanol Production Company, Eastman Chemical Company, BASF SE, SABIC, and Petronas.


About Polaris Market Research

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Catheters Market Key Players, Size, Segmentation, Projection, Analysis And Forecast To 2025


New York City, 28 January 2020: According to a new report published by Polaris Market Research, the global catheters market is anticipated to reach USD 56.5 billion by 2025. In 2017, by product type, cardiovascular catheter segment captures the largest market shares in terms of revenue and hold major share in the market. Regionally, North America accounted for the major share in the catheter market.

Catheters are thin tubes made up of plastic, nylon, polyvinyl chloride (PVC), and silicon rubber. Catheters are majorly used in catheterization while surgical procedures like angioplasty, and neurosurgery. The catheters market is primarily driven by continuous growth in the population suffering from cardiovascular disorders and diabetes. Presently, various countries showed the growth in number of patients suffering from hypertension and diabetes which is braced by factors such as smoking, drinking and sedentary lifestyle of the population. In addition, favorable reimbursement policies, increasing demand for minimal invasive surgeries, and technological advanced catheter with high effectiveness by its use would spur the global catheter market during the forecast period. on other hand, the wide application of catheter in various surgeries such as angioplasty would also push this market. The reimbursements by the Medicaid program that provide approximately 100 catheters per month to add the growth of catheter market in the future.


Cardiovascular Catheters, holds a major share in the global catheter market. The cardiovascular catheter market is further segmented as PTCA balloon catheters, IVUS catheters, PTA balloon catheters, electrophysiological catheters, and others. The growth of cardiovascular catheters is majorly driven by the increasing incidences of cardiovascular diseases supporting the growth of cardiovascular interventional procedures. While, urological catheter holds the second largest segment with largest revenue. The factors contributing for the growth of urological market are continuous technological advancements, and increasing prevalence of urological diseases in the coming year.

Geographically, North America holds a dominating position in the global catheter market followed by Europe and Asia Pacific. The growth in the North America catheter market is driven by the presence of refined health infrastructure, high volume of catheterization in medical procedures, high healthcare expenditure by the individuals, and high level of patient awareness about the use catheters. Whereas, Asia Pacific is expected to reach remarkable growth owning to the increased penetration rate of these devices in the developing countries, growing technological advancements pertaining the development of new-catheter devices, and improving healthcare expenditure would influence the catheter market in Asia Pacific during the forecast period.


The leading companies operating in this industry include Johnson & Johnson Inc., Abbott Laboratories, Becton, Dickson and Company, B. Braun Melsungen AG., Medtronic plc., Boston Scientific Corporation, Cook Group Incorporated, Teleflex Incorporated, Cardinal Health Inc., Smiths Medical, Arrow International Inc., Edward Life Science Corporation, and Coloplast.

Key Findings from the study suggest products available in the market are continuously concentrating on the technological advancements that will reduce the side effects caused by the use of catheters. The leading companies while developing new products considers the factors such as increasing disposable income, and untapped market potential. North America is presumed to dominate the global catheter market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.


About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Probiotic Ingredients Market Experience Significant Growth During the Forecast Period 2019-2026


New York City, 28 January 2020: The global probiotics ingredients market size is estimated to reach 3.97 billion by 2026 and is anticipated to grow at a CAGR of 6.9 % from 2019 to 2026 according to a new study published by Polaris Market Research.

Probiotics are live bacteria’s that facilitates digestive functioning in human body. Most of the bacteria are considered under probiotic but in specific terminology Lactobacillus is commonly found across fermented food and beverages. The common application of probiotics in human includes treatment of certain conditions such as Irritable bowel syndrome, Inflammatory bowel disease, and diarrhea caused by antibiotics.

Wide uses of probiotic ingredients across healthcare sectors including medical nourishment that consists of beneficial bacteria’s, wholesome sustenance and supplements are relied upon to drive the market development over the estimate time frame.


Expanding R&D investments in dietary supplements by major manufacturers is expected to open new market avenues for the probiotic ingredients market. Manufacturers have created and distinguished restrictive strains of probiotics for explicit applications to meet specific prerequisites for various therapeutic conditions. For example, Lactobacillus fermentum VRI-003 PCC and Lactobacillus rhamnosus HN001 are utilized to fix dermatitis. This trend of identifying probiotic strains for specific applications is also expected to boost expansion of the global market.

Product development in nutritional beverages including yogurt, juices, fermented tea, and pickles by prominent players, for example, Danone, is anticipated to positively impact market growth. Danone’s product Activia, a probiotic drink invigorated with dairy ingredients. Easy availability of probiotic foods in specialist shops, supermarkets and pharmacies is expected to increase product awareness among consumers and promote brand image among conscious buyers, which, in turn, will boost development of the market.


As far as application is considered, probiotics in food & beverages segment drove the worldwide market and is expected to anticipate subsequent growth on account of increased spending on nutritional nourishment.

Asia Pacific is expected to remain as one of the lucrative regions over the estimated period. Significant spending on incorporation of probiotic elements for preventive healthcare along with sports nutrition by major player such as GSK and Pfizer can impel market growth. Strong demand for probiotics ingredients from China and Japan, by virtue of rising consumer awareness with respect to proper digestion along with cardiovascular and gastrointestinal health is expected to boost the market growth.

The global probiotics ingredients market has witnessed high level of integration by the market players. Some of the key players in the industry include Biocodex Inc. Danone Inc., Chr. Hansen Holding A/S, Lallemand Inc, and Danisco A/S.


About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Paper and Paperboard Packaging Market to Experience Significant Growth During the Forecast Period 2019-2026

New York City, 28 January 2020: The global Paper and Paperboard Packaging Market is anticipated to reach $413 billion by 2026 according to a new research published by Polaris Market Research. In 2018, the food and beverage segment accounted for the highest Paper and Paperboard Packaging market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Paper and Paperboard Packaging market revenue in 2018.

The significant investments by producers in environmental protection and energy optimization programmes, coupled with initiatives aimed at use of biodegradable packaging solutions and improving logistics and transportation majorly drives the Paper and Paperboard Packaging market growth. The growth in e-commerce, driven by growing broadband internet penetration, use of smartphones and an increasing proportion of technologically inclined consumers would further support the growth of the Paper and Paperboard Packaging market.


Increasing demand for sustainable packaging solutions and stringent regulations against use of non-biodegradable packaging materials boosts the Paper and Paperboard Packaging market growth. The growing retail industry, modern retail practices, growing initiatives taken by retailers to improve in-store and distribution efficiencies would increase the trend of Retail-ready packaging during the forecast period. Various brands operating in the Paper and Paperboard Packaging market are adopting smart packaging to enhance shelf appeal and brand exposure. They use specialized grades of highly printable liner boards to enable production of packaging with a strong visual impact. New marketing techniques incorporating smartphone apps and codes are being used to attract consumers, thereby increasing the Paper and Paperboard Packaging market size.
  
Paper packaging plays a critical role in food and beverage industry for containing, protecting, and preserving food products. Paper packaging provides a simple and economical method for packaging of food products, while also providing product information, and influencing the sale, consumption, use and disposal of products. In April 2018, Tetra Pak launched Tetra Pak Artistry, a new range of new packaging material effects for food and beverage producers.  The effects include Tetra Pak Reflect for incorporating holographic effects onto the package, Tetra Pak Metallized for creating a metallic effect, and Tetra Pak Craft for providing the package with a natural look of bare paperboard with wood fibers. The use of these effects enables brands to attract shoppers’ attention without switching to a new packaging format or investing in new equipment.


Asia-Pacific generated the highest Paper and Paperboard Packaging market share in terms of revenue in 2018, and is expected to lead the global Paper and Paperboard Packaging market throughout the forecast period. The growing population, rising disposable incomes, and a transition from traditional markets to the purchasing of packaged consumerist goods, especially in the food segment has accelerated the adoption of Paper and Paperboard Packaging market growth in the region. The food and beverage, and food delivery industry is on a significant rise in the region. The specialized and on-demand O2O (online to offline) delivery market is generating numerous opportunities for the Paper and Paperboard Packaging industry.

The well-known companies profiled in the Paper and Paperboard Packaging report include International Paper Company, Nippon Paper Group Inc., DS Smith Plc, Mondi Group, Georgia-Pacific Corporation, Amcor Limited, WestRock Company, Clearwater Paper Corporation, ITC Limited, Tetra Pak. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
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Monday, 27 January 2020

Global Remote Patient Monitoring Devices Market Worldwide Opportunities, Market Share, Key Players and Competitive Landscape

New York City, 27 January 2020: The Global Remote Patient Monitoring Devices Market Size is anticipated to reach over USD 1,882.75 Million by 2025 according to a new research published by Polaris Market Research.
Remote patient monitoring technology comprises devices such as glucose meters, blood pressure monitoring system, and other portable devices that are used by patients at a remote location. Growing usage of smartphones and increasing the expansion of the smartphone applications that are linked to the monitoring devices further helps in transmitting and recording person’s health-related data to the healthcare suppliers or specialists.
The rise in the implementation rate of remote patient monitoring devices, increasing number of geriatric population, and growing incidence of patients suffering from different lifestyle diseases are the major factor boosting the global remote patient monitoring devices market. With the increasing development in wireless technology, such monitoring devices are used to remotely monitor the physical parameters of the person such as heart rate, blood pressure, blood glucose level, and provide proper treatment if necessary. However, the high cost associated with this device, stringent reimbursement guidelines and issues correlated with the government regulations are some of the factors anticipated to hinder the global market growth. 
The global Remote Patient Monitoring Devices Market is segmented on the basis of product type, application, end user, and geography.
On the basis of product type, the global Remote Patient Monitoring Devices Market is segmented into Heart Rate Monitors, Heart Monitors, Blood Pressure Monitors, Sleep Apnea Monitors, Breath Monitors, Weight Monitors, Blood Glucose Monitors, Infusion Pumps, and Body Temperature Monitors. On the basis of product type, Heart rate monitor is estimated to dominate the product segment owing to growing global incidences of cardiovascular incidence. The increase in the number of people with cardiac diseases has led to the augmented use of such monitoring devices.
On the basis of application, the global Remote Patient Monitoring Devices Market is segmented into Cancer Treatment, Cardiovascular Diseases Treatment, Diabetes Treatment, Sleep Disorder Treatment, Weight Management and Fitness Monitoring. In 2017, cardiovascular disease treatment is estimated to dominate the market growth majorly owing to the increasing incidences of cardiovascular diseases. On the basis of the end user, the global Remote Patient Monitoring Devices Market is segmented into Hospitals, Ambulatory Surgical Centers, and Homecare settings.
On the basis of region, the global Remote Patient Monitoring Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was estimated to dominate the global Remote Patient Monitoring Devices Market. The dominance is majorly attributed to the increasing occurrences of chronic diseases, growing demand for wireless and portable systems, increased level of healthcare spending, growing number of geriatric population, and favorable reimbursement scenarios in this region. However, Asia Pacific is expected to dominate the global Remote Patient Monitoring Devices Market during the forecast. Rising disposable income, high presence of untapped market opportunities primarily in developing economies, advancement in technology, supportive government initiatives are some of the factors expected to significantly boost the Remote Patient Monitoring Devices Market in the Asia Pacific.
Some major key players in global Remote Patient Monitoring Devices Market include Hoffmann-La Roche Ltd., AMD Global Telemedicine, Honeywell International Inc., Omron Healthcare, Smiths Medical, Medtronic among others. The object of the key market players is to deliver better chronic care administration while keeping the cost low. In addition, the companies are concentrating on producing easy-to-use monitoring devices that can aid patients to accomplish conditions including diabetes or heart diseases better by avoiding costly medical processes.
 About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
 Contact Us:
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Phone: 1–646–568–9980
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Fitness App Market Share | Size to reach USD 14.7 billion by 2026 | PMR

New York City, 27 January 2020: The Global fitness app market size is anticipated to reach over USD 14.7 billion by 2026, according to a new study published by Polaris Market Research. In 2017, the fitness and activity tracking segment dominated the market, in terms of revenue. North America is expected to be the leading contributor to the global fitness app industry during the forecast period.
A significant increase in the obese population, changing lifestyles, and increasing health concerns primarily drive the market growth.  Other driving factors include increasing occurrence of diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the market growth. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of fitness app industry. Increasing demand in developing nations, increasing penetration of mobile devices, and availability of high-speed internet services is expected provide numerous growth opportunities to the fitness app industry players during the forecast period.
A few major fitness apps available in the market include Runtastic Results, Calorie Counter & Diet Tracker, and Sweat, Kayla Itsines Fitness among others. Runtastic Results: Workout & Strength Training is offered by the Austrian company Runtastic. As part of the primary marketing strategy in fitness app industry, the company offers a wide range of portfolio with 20 different mobile apps running on all platforms. Runtastic was bought by Adidas in 2015 to increase its market share in the global fitness market industry. Sweat: Kayla Itsines Fitness is an app offered by The Bikini Body Training Company. This app provides nutrition recommendations and a series of aerobic exercises in the Bikini Body Guide (BBG) to practice at home.
In regards with the global fitness app market share, North America was in the forefront followed by Asia Pacific and Europe. The increasing population in the region coupled with high disposable income drives the market growth.

The sedentary lifestyle of consumers in the region has encouraged them to adopt fitness apps to stay healthy and acquire proper nutrition. Asia-Pacific is expected to grow at the highest rate during the forecast period. Increasing disposable incomes in developing countries of this region, rising awareness and increasing health consciousness, growing presence of fitness centres, and growing penetration of smartphones further foster the growth of the fitness app industry in this region.
The key companies profiled in the report fitness app market analysis includes MyFitnessPal Inc., Dom and Tom Tom, Motorola Mobility LLC, Grandapps, Fitbit, Azumio, WillowTree, Inc., ASICS, Under Armour, and Appster among others. These companies launch new products and collaborate with other market leaders bringing innovation to meet the increasing demand of consumers.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
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Battery Management System Market to reach USD 14,422 million by 2026

New York City, 27 January 2020: According to a new study published by Polaris Market Research the worldwide battery management system (BMS) market is anticipated to reach USD 14,422 million by 2026. In 2017, the lead-acid batteries dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The rising demand of BMS from the automotive sector primarily drives the growth of this market. These systems are increasingly being adopted across various industries such as aerospace and defense, healthcare, and electronics among others. The increasing adoption of BMS in data centers, and renewable energy systems further supports the growth of this market.


The demand for electric vehicles has increased significantly over the years owing to increasing prices of gasoline prices across the globe, which leads to increased adoption of battery management systems. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to battery based electric vehicles. Limited availability of public electric vehicle charging infrastructure for electric vehicles had restricted the adoption of these vehicles to a certain extent in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly. Technological advancements in components such as lithium-ion batteries, which are majorly used in electric vehicles, along with decreasing prices of the same is expected to further increase the demand of battery based electric vehicles in the market.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing demand for alternative fuel vehicles, especially the electric-vehicles is expected to drive the growth of battery management systems in this region. The growing use of BMS in renewable energy storage systems also accelerates the adoption. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing demand for BMS from countries such as China, Japan, and India. The presence of large number of automotive manufacturers and portable device suppliers also augments the growth of this market in the region.


The different types of topologies included in the report include centralized, distributed, and modular. In 2017, centralized topology accounted for the highest market share. However, during the forecast period distributed and modular topologies are expected to represent strong growth.

Modular topology offer high computational power, and enhanced safety.  Modular topology is also increasingly being used for various applications such as drones, electric vehicles, and energy storage systems among others.

The various end-users of battery management systems include medical, automotive, telecommunication, consumer electronics, military, and others. In 2017, consumer electronics accounted for the largest share in the global market, and are estimated to grow at a substantial rate during the forecast period. The automotive segment is expected to grow at the highest CAGR during the forecast period owing to increasing applications, stringent government regulations regarding vehicular emissions, increasing acceptance of electric vehicles.

The well-known companies profiled in the report include Texas Instruments Inc., Johnson Matthey PLC., Linear Technology Corporation, vecture Inc., Elithion Inc., NXP Semiconductors, Intersil Corporation, Nuvation Engineering, Ventec SAS, Generex Systems, and Lithium Balance A/S among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
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Friday, 24 January 2020

LiDAR Market size is expected to reach USD 2,154.2 million by 2026


New York City, 24 January 2020: The global LiDAR market size is expected to reach USD 2,154.2 million by 2026 according to a new study published by Polaris Market Research. In 2018, the corridor mapping segment dominated the global market in terms of revenue. Regionwise, North America is expected to be the leading contributor to market growth globally. LiDAR, which represents Light Detection and Ranging, is a remote detecting strategy that utilizes light as a pulse beat of laser to quantify ranges to the Earth. These light pulses joined with other information recorded by the airborne framework—create exact, three-dimensional data about the state of the Earth and its surface attributes.

A LiDAR instrument mainly comprises a laser, a scanner, and a particular GPS collector. Planes and helicopters are the most generally utilized stages for getting LIDAR information over wide territories. The developing requirement for 3D imaging from different parts and expanding selection of aerial LiDAR frameworks has supported the appropriation of LiDAR arrangements. Expanding government interests in defense, agriculture, and city arranging supports the selection of LiDAR. Furthermore, the expanding interests of LiDAR from mining and transportation ventures have upheld market development throughout the years. Expanding fund raising by sellers in technological pursuits combined with expanding improvement of self-sufficient vehicles and merging of cutting-edge safety systems in vehicles would hasten development of the LiDAR market. Developing interest from rising economies and technological headways are relied upon to give various development openings in the coming years.

North America created significant income in the market in 2018 and is relied upon to lead the worldwide market all through the forecast period. The development of modern mechanization and technological headways in metrological applications has quickened the selection rate of LiDAR innovation in North American area. In airborne applications, LiDAR innovation has displayed remarkable favorable circumstances over Radar technology, for example, improved precision, ongoing mapping capacity and better perception, accordingly, driving the LiDAR market in every one of the nations in North American area. Asia-Pacific is relied upon to develop at the most elevated CAGR during the forecast period attributable to developing interest from rising nations, for example, China, Japan, and India.

The rising interest for 3D images in different application regions, for example, military and defense, land studies, structural designing, and corridor mapping, is relied upon to fundamentally drive the market over the forecast period. Finished 3D imagery is connected in different applications, for example, 3D mapping, city planning and photo-realistic flights. The establishment base of cutting-edge safety highlights is expanding exponentially. Accident data recorder systems, liquor start interlocks, and emergency call systems are just a section n of the instances of advancements where a future interest is relied upon to stimulate the overall market.

The key players in the market include Trimble Navigation limited, Faro Technologies, Inc., Quantum Spatial Inc., Velodyne LiDAR Inc., Sick Ag, Teledyne Optech, Riegl Laser Measurement Systems, Leica Geosystems Inc., GeoDigital and Beijing Surestar Technology



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Eyewear Market Is Anticipated To Reach Over USD 235 Billion By 2026


New York, NY 24 Jan 2020 According to a new study published by Polaris Market Research the worldwide eyewear market is anticipated to reach over USD 235 billion by 2026. In 2017, the spectacles segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global eyewear market.

The increasing rate of diseases associated with vision, along with growing ageing population majorly drives the market growth. Consumers are increasingly becoming aware of eye health, which supports market growth. The growing popularity of fashion trends, and increasing disposable income encourage consumers to purchase designer and branded eyewear. Other factors driving market growth include spending longer durations in front of computers and laptops, increasing cases of myopia, hypermetropia, & astigmatism, and changing dietary habits. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for eyewear market in the coming years.


The increasing need for vision correction and growing diseases related to vision in the geriatric population drives the market growth. Consumers are increasingly spending more time in front of mobile devices for work or leisure, which leads to higher cases of vision problems. Changing dietary habits and hectic lifestyles also lead to increasing vision problems. Increasing life expectancy and associated diseases with old age such as presbyopia and cataract augment market growth. There is increasing awareness among consumers regarding eye care, which encourages them to take preventive measures, thereby boosting market growth.Sale of products through online channels has gained significant popularity over the years.

The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

The growing disposable income has encouraged people to buy quality eyewear products that are in perfect amalgamation with their increasing living standards. Moreover, people are now opting for trendy and designer sunglasses according to latest trends prevailing in the market. Youth prefer to don contact lenses in an effort to accentuate their overall appearance. Thus, lofty living standards and increasing fashion consciousness, would contribute to the growth of the eyewear market, thereby positively affecting the market growth.

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The growing popularity of fashion trends has increased the demand for branded and luxury eyewear products. Consumers are increasingly buying spectacle frames, lenses, and sunglasses with respect to changing fashion trends. The rising standards of living, increasing disposable income, and increase in fashion conscious population drives the market for luxury eyewear products. Earlier premium eyewear products were only available at selected stores at high prices. However, with technological advancements, and mass manufacturing processes, global players are offering these products globally at affordable prices.

Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Increasing use of mobile devices and online shopping further augments market growth.

The various types of eyewear include spectacles, lenses, and sunglasses. The spectacle segment is expected to lead the market during the forecast period owing to increasing defects and diseases associated with vision. Growing geriatric population and changing lifestyles support the market growth. Spectacle frames can be made using materials such as metal, plastic, and nylon. Consumers are increasing opting for lenses for vision defects as well as for cosmetic purposes.

The well-known companies profiled in the report include Luxottica Group S.p.A, Bausch + Lomb Inc., Johnson & Johnson Vision Care, Prada S.p.A, Safilo Group S.p.A, Fielmann AG, Cooper Companies, Inc., Essilor International S.A., GrandVision, Carl Zeiss AG, Hoya Corporation, De Rigo SpA. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com




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