The Eyewear Market is set to grow by an impressive USD 76 billion from 2022 to 2027, registering a CAGR of 7.9%. Key factors driving this growth include a surge in vision disorders, especially myopia and hypermetropia, which are becoming more common due to changes in lifestyle, including prolonged use of electronic devices. In fact, nearly three-quarters of people in the Asia-Pacific region and about a third of those in Europe and North America are affected by myopia or hypermetropia. In addition, the rise in cataract cases and other age-related diseases such as glaucoma and diabetic retinopathy is spurring demand for corrective eyewear. Globally, around 5,000 cataract surgeries are performed for every million people annually. As the population ages and as digital eye strain becomes more prevalent, the eyewear industry will see increasing demand for solutions that offer both function and fashion, positioning the market for long-term growth through 2027.

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