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Eyewear Market Trends and Forecast
The future of the global eyewear market looks promising with opportunities in the online and offline retail industries. The global eyewear market is expected to reach an estimated $196.5 billion by 2028 with a CAGR of 6.4% from 2023 to 2028. The major drivers for this market are an upsurge in demand for prescription spectacles and contact lenses due to increases in vision impairments, growing geriatric population, and rising exposure of younger generation to smartphones and computer, leading to vision problems.