Industry Background:
Prescription sunglasses allow users to protect their eyes from the sun while preserving their vision. Additionally, they provide a protection from dust, insect, and dirt particles. The prescription sunglasses can be costly, but are perfect for active people who need vision correction. Furthermore, these sunglasses offer a lens tailored to user’s prescription. It will help increase users vision while reducing any glares and distortions. Moreover, it helps in eliminating harmful rays that could be hurting to eyes or causing eye-fatigue. The prescription sunglasses are perfect for driving, soaking up some sun, and also for sport performances.This growth is primarily driven by Rising Focus for Vision Care Due To New Healthcare Initiatives and Increasing Demand for High Quality Lens Materials Coupled With Growing Purchasing Power.
Globally, a noticeable market trend is evident Rising Adoption of E-Commerce Solutions
. Major Vendors, such as Bausch & Lomb (United States), Carl Zeiss (Germany), Johnson & Johnson (United States), Charmant Group (Japan), CIBA Vision (United States), De Rigo SpA (Italy), Essilor International S.A. (France), Fielmann AG (Germany), Hoya Corporation (Japan) and Luxottica Group S.p.A. (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On March 22, 2019 – Safilo, a worldwide leader in the design, manufacturing and distribution of eyewear, and Kate Spade New York, the world-renowned life and style brand, jointly announce the anticipated renewal of their global eyewear licensing agreement for the exclusive design, manufacturing and worldwide distribution of Kate Spade New York branded sunglasses and optical collections. The agreement will now run until June 30, 2026.
Regulatory Insights:
Lenses for spectacles/sunglasses sold in the U.S. must comply with the impact-resistant lens regulation. Use of impact-resistant lenses in eyeglasses and sunglasses. A certificate illustrating the lens' compliance with the 21 CFR 801.410 should accompany each lot of spectacle lenses/sunglasses seeking entry into the U.S. The certificate should reflect that the eyewear have been "sampled" and are impact resistant, using a statistically significant method.
Market Drivers
- Rising Focus for Vision Care Due To New Healthcare Initiatives
- Increasing Demand for High Quality Lens Materials Coupled With Growing Purchasing Power
Market Trend
- Rising Adoption of E-Commerce Solutions
- Growing Urbanization Along With Rapidly Changing Fashion Trends
Restraints
- Increasing Acceptance of Vision Corrective Substitutes Including Refractive Optical Surgeries
- High Cost and Stringent Eye-Test Regulations
Opportunities
Significant Technological Developments Related To High Quality Lens Design
Challenges
Rising Demand for Strong Contact Lenses
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Prescription/Rx Sunglass Study Sheds Light on
The Prescription/Rx Sunglass Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Prescription/Rx Sunglass industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Prescription/Rx Sunglass industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.