Spectacle Frame and Mounting Market Explores New Growth Opportunities By 2020
Ophthalmic devices market is growing at a significant rate due to increase in prevalence of eye problems and growing awareness in this field. Spectacle frames and mounting refers to the body or structure that holds the lenses at a correct position. The material that has lens embedded in it may be made of glass or plastic. Spectacle frames and mountings are generally made of metal or plastic. The global spectacle frames and mounting market is driven by increasing incidence of vision problems.
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North America dominates the global market for spectacle frames and mounting market due to large number of aging population and high incidence of vision problems in the region. Asia, followed by Europe, is expected to show high growth rate in the next few years in global spectacle frames and mounting market. China and India are expected to be the fastest growing spectacle frames and mounting markets in Asian region. Some of the key driving forces for spectacle frames and mounting market in emerging countries are large pool of patients, growing awareness and improvement in the healthcare facilities.
Various factors that are driving the spectacle frames and mounting market are aging population, increasing prevalence of eye disorders and technological advancements. In addition, improvement in the healthcare facilities and government initiatives for better healthcare infrastructure are driving the spectacle frames and mounting market. However, lack of awareness and introduction of new technologies such as contact lenses has been restraining the global spectacle frames and mounting market.
Introduction of some new types of spectacle frames and mountings that are comfortable in wearing for a longer duration is expected to offer new technology for the global spectacle frames and mounting market. In addition, emerging economies such as China and India, with large population base hold a good potential for spectacle frames and mounting market. One of the latest trends that have been observed in the global spectacle frames and mounting market includes growing popularity of plastic frames and mounting. In addition, spectacle frames and mountings with distinct features such as unbreakable and foldable are gaining market. Some of the major companies dealing in spectacle frames and mounting market are The Vintage Frames Company, Luxottica Group S.p.A., Carl Zeiss Meditec AG, CooperVision and Transitions Optical.
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Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
- North America
- The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
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