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Eyewear Market to Reach USD 178.95 Billion with 5.7% CAGR by 2026; Witness Progressive Growth Rate Attributable to Surge in Geriatric Population and Prevalence of Eye Diseases, Predicts Fortune Business Insights™

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Key Companies Covered in the Eyewear Market Research Report Are Fielmann AG, Johnson & Johnson Services, Inc., Alcon (Part of Novartis AG), Safilo Group S.p.A, Bausch Health Companies Inc., EssilorLuxottica, Carl Zeiss, CooperVision and other key market players. Pune, India, Nov. 19, 2020 (GLOBE NEWSWIRE) -- The eyewear market size is predicted to be worth USD 178.95 billion by the end of 2026 from USD 115.90 billion in 2018. The forecast period is set from 2019 to 2026 and the market is expected to exhibit a CAGR of 5.7%. With respect to product type, the market will be dominated by the spectacles segment owing to the rising prevalence of eye disorders such as hypermetropia and myopia. In 2018, North America generated an eyewear market revenue of USD 35.60 billion and dominated the market. This domination is attributable to factors such as a rise in awareness about ocular disorders, and preference for premium eye care products.