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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Eyewear Market Trends
An eyewear is an accessory or protective device that is worn over the eyes. They are usually used for several reasons, including for fashion, adornment, protection against UV rays, and to improve vision. Some of the most common forms of eyewear include eyeglasses, sunglasses, contact lenses, or protective goggles.
- The market is likely to expand exponentially owing to the growing ageing population. Elder people are more susceptible to vision impairment, presbyopia, ophthalmic disorders, or other complications related to eye health. Therefore, the eyewear market is expected to grow as the demand for solutions increases.
- The countries in Latin America are rapidly developing, which has increased the disposable income of people. Consumers are becoming more inclined to spend on new fashion trends and better eye health products. The factors, such as rising sales of UV protective lenses to protect eyes from damage are likely to enhance the market value.
- The surging utilisation of digital devices such as smartphones, computers, and televisions, has led to an increase in the number of vision impairment cases. The rising prevalence of eye disorders such as presbyopia, and other types of vision impairment, among the people of Latin America, is a major factor providing growth opportunities for the eyewear market.
Latin America Eyewear Market Report Snapshots
Latin America Eyewear Market Size
Latin America Eyewear Market Trends
Latin America Eyewear Market Analysis
Latin America Eyewear Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 7.1% during the forecast period of 2024-2032.
The market is expected to reach a value of USD 22.02 billion by 2032.
The market is driven by the growing demand for prescribed eyewear among the elderly population due to the rising prevalence of eye disorders and the major players increasing the number of collaborations and acquisitions to build their market presence.
The increased usage of digital devices has surged the demand for prescribed spectacles and the rising prevalence of vision impairment can provide the market with development opportunities.
The countries in the market include Brazil, Mexico, Argentina, Colombia, Chile, and Peru, among others.
The products available in the market include spectacles, sunglasses, and contact lenses.
The eyewear market utilizes retail store, online store, and ophthalmic clinics.
The key players in the market include Luxottica Group S.p.A., Johnson & Johnson Vision Care, Inc., Lema21 Eyewear, Karün, Chilis Eyegear, Mita Eyewear, Marchon Eyewear, Inc., and Precise Eyecare, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124