The European optical retail market has experienced steady growth in recent years, with a compound annual growth rate (CAGR) of 2.75% from 2018 to 2021. In 2021, the market was valued at USD 26.96 billion, and it is projected to reach USD 54.09 billion by 2028. This growth is expected to continue in the forecast period, with a CAGR of 6.57% during 2021-2028, resulting in a market value of USD 54.09 billion in 2028.
There are several factors driving the growth of the European optical retail market. One of the main factors is the increasing awareness about eye health and the importance of regular eye examinations. With the rise in digital screen usage and changing lifestyles, people are becoming more conscious about their eye health, leading to an increased demand for eyewear products.
Moreover, the growing prevalence of vision-related disorders such as myopia, hyperopia, astigmatism, and presbyopia is also contributing to the growth of the optical retail market in Europe. These conditions require corrective eyewear solutions such as prescription glasses and contact lenses, which are driving the demand for optical products.
In addition, the increasing adoption of trendy and fashionable eyewear as a fashion accessory is also propelling the growth of the optical retail market in Europe. Eyewear has become a style statement for many consumers, and they are willing to invest in premium and designer eyewear products to enhance their appearance.
Furthermore, the availability of a wide range of eyewear products, including prescription glasses, contact lenses, sunglasses, and frames, in various price segments, is also boosting the growth of the optical retail market in Europe. The presence of numerous optical retail chains and online optical stores offering a wide variety of eyewear products is providing consumers with ample choices and convenience for their eyewear needs.
However, the market also faces challenges such as the increasing prevalence of counterfeit eyewear products, which can impact the sales of genuine optical products. Additionally, the high cost of premium eyewear products and the availability of cheaper alternatives may pose challenges to the growth of the market, especially in price-sensitive regions.
In conclusion, the European optical retail market has showcased significant growth in recent years and is expected to continue its upward trajectory in the forecast period. Factors such as increasing awareness about eye health, rising prevalence of vision-related disorders, changing fashion trends, and availability of a wide range of eyewear products are driving the growth of the market. However, challenges such as counterfeit products and pricing competition may pose obstacles to market growth. Overall, the European optical retail market presents promising opportunities for eyewear manufacturers, retailers, and investors in the coming years.
Certainly! Here are some additional points to further elaborate on the European optical retail market:
1. Online Sales and E-commerce: The optical retail market in Europe has seen a significant rise in online sales and e-commerce. With the growing popularity of online shopping and increasing digitalization, consumers are increasingly opting for online platforms to purchase eyewear products. Many optical retailers have also established their online presence, offering a wide range of eyewear products through e-commerce channels. This trend is expected to continue to drive the growth of the optical retail market in Europe, providing consumers with convenient options to purchase eyewear products from the comfort of their homes.
2. Technological Advancements: Technological advancements in the optical industry are playing a crucial role in the growth of the European optical retail market. Advancements such as digital lenses, anti-glare coatings, blue-light blocking lenses, and lightweight materials for frames are gaining popularity among consumers. These innovative products offer enhanced visual comfort, durability, and aesthetic appeal, driving consumer demand for premium eyewear products. The integration of technology in eyewear is expected to continue to shape the optical retail market in Europe and drive sales.
3. Aging Population: The aging population in Europe is another factor driving the growth of the optical retail market. As the population ages, the prevalence of age-related eye conditions such as presbyopia increases, resulting in a higher demand for eyewear products such as reading glasses, multifocal lenses, and progressive lenses. Moreover, older adults tend to have a higher disposable income, making them a significant consumer segment for premium eyewear products. Therefore, the aging population in Europe is expected to contribute to the growth of the optical retail market in the region.
4. Rising Fashion Consciousness: Fashion consciousness among consumers is also impacting the optical retail market in Europe. Eyewear is no longer just a functional product for vision correction, but also a fashion accessory that reflects the wearer's personal style and identity. Consumers are increasingly looking for trendy and fashionable eyewear products that complement their overall look and lifestyle. This trend is driving the demand for premium and designer eyewear products, and optical retailers are capitalizing on this by offering a wide range of fashionable eyewear options to cater to consumer preferences.
5. Increasing Focus on Corporate Social Responsibility: Corporate social responsibility (CSR) has gained prominence in recent years, and consumers are increasingly looking for eyewear brands and retailers that demonstrate responsible business practices. Many optical retailers in Europe are focusing on sustainability, ethical sourcing, and social responsibility in their operations, such as using eco-friendly materials, supporting charitable causes, and promoting fair trade practices. This emphasis on CSR is resonating with consumers who are becoming more conscious about the environmental and social impact of their purchases, and it is expected to drive consumer preference for socially responsible optical brands and retailers.
6. Product Innovation and Customization: Product innovation and customization are becoming key strategies for optical retailers to differentiate themselves in the competitive market. Many optical retailers in Europe are offering personalized and customized eyewear products, including made-to-order frames, prescription lenses, and lens coatings, to cater to individual consumer needs and preferences. This customization trend is enabling optical retailers to provide unique and personalized experiences to consumers, leading to increased customer loyalty and repeat purchases.
In conclusion, the European optical retail market is witnessing steady growth, driven by factors such as increasing awareness about eye health, rising prevalence of vision-related disorders, changing fashion trends, online sales and e-commerce, technological advancements, aging population, focus on corporate social responsibility, and product innovation and customization. Despite challenges such as counterfeit products and pricing competition, the optical retail market in Europe presents promising opportunities for growth and innovation in the coming years.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The Global Optical Coating Market Report is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The broad optical coating market has been sub-grouped into product and application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Global Optical Coating Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/optical-coating-market/download-sampleBy ProductAnti-reflective coatingReflective coatingFilter coatingConductive coatingElectrochromic coatingOthersBy ApplicationConsumer electronicsSolarMedicalArchitectureAerospace & DefenseAutomotiveTelecommunicationOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the optical coating market includes Abrisa Technologies, Alluxa, Inc., Cascade Optical Corporation, Chroma Technology Corp., Inrad Optics, Janos Technology Inc, Newport Corporation, Optical Coatings Japan, PPG Industries, Schott AG, and Viavi Solutions.
Non-Small Cell Lung Cancer Market is Expected to Increase With a CAGR of 10.7% for the Study Period of 2017-2030: DelveInsight (Albany, US) DelveInsight has introduced a new Market Insights, Epidemiology, and Market Forecast Report on "Non-Small Cell Lung Cancer Market Insights, Epidemiology, and Market Forecast-2030" to its portfolio.Key Highlights from report are:As per the DelveInsight analysis, the total incident cases of NSCLC in the 7MM were observed to be 484,726 cases in the year 2017.
These cases are expected to grow with a significant CAGR in the study period 2017–2030.There are different types of treatment available for NSCLC; however, mainly 10 types of standard treatment are used, which include Surgery, Radiation therapy, Chemotherapy, Targeted therapy, Immunotherapy, Laser therapy, Photodynamic therapy (PDT), Cryosurgery, Electrocautery, and Watchful waiting.The market size of NSCLC in the 7MM is expected to increase during study period.
According to the estimates, the highest contribution in the market size of NSCLC is from the United States followed by Japan, Germany, and the UK.One of the most exciting developments in lung cancer medicine is the introduction of targeted treatments.Request for free sample pages to know more on Non-Small Cell Lung Cancer Market Forecast NSCLC is the most common type of lung cancer accounted for approximately 85% of all lung cancers.
The disease epidemiology included in the report provides historical as well as forecasted Non-Small Cell Lung Cancer epidemiology, which is segmented as Total Incident cases of NSCLC patients, Total Incident cases of NSCLC patients by Histology, Total Diagnosed cases of NSCLC patients by Stages, Total NSCLC cases of patients by Genetic mutation/Biomarkers, and Total Treated Cases of NSCLC patients by Line of Therapies scenario of NSCLC in the 7MM.The total NSCLC incident cases in the 7MM were observed to be 484,726 cases in 2017.Click here to know more on Non-Small Cell Lung Cancer pipelineNSCLC report encloses the detailed analysis of Non-Small Cell Lung Cancer marketed drugs and late stage (Phase-III and Phase-II) pipeline drugs.
The therapies that are approved for the NSCLC treatment are Rozlytrek (Entrectinib), Imfinzi (Durvalumab), Opdivo (Nivolumab), Tecentriq (Atezolizumab), Keytruda (Pembrolizumab), Tafinlar (Dabrafenib) in combination with Mekinist (Trametinib), Tagrisso (osimertinib), Lorbrena/Lorviqua (Lorlatinib), Vizimpro (Dacomitinib), Alunbrig (Brigatinib), Alecensa (Alectinib), Vitrakvi (Larotrectinib), Portrazza (Necitumumab) along with many more.Drugs covered in the report are:-There are several key players robustly involved in developing potential products such asNazartinib (EGF816)Capmatinib (INC280)Tepmetko (tepotinib)MerestinibJNJ-61186372 (JNJ-6372)Vemurafenib Plus CobimetinibX-396 (Ensartinib)Tedopi (OSE2101)Selpercatinib (LY3527723/ LOXO-292)SAR408701Braftovi (encorafinib) + Mektovi (binimetinib)PADCEV (enfortumab vedotin/ASG-22ME)Pralsetinib (BLU-667)TAK-788: Canakinumab (ACZ885)Avelumab (Bavencio)Veliparib (ABT-888): Sitravatinib (MGCD516)TesevatinibRomiplostim: CabozantinibSym015AMG 510INCMGA00012 (MGA012)Libtayo (Cemiplimab)BavituximabM7824 (Bintrafusp alfa)And many others Key Players covered in the report are:-Novartis PharmaceuticalsMerck KGaAEli Lilly and CompanyJanssen Research & DevelopmentHoffmann-La RocheXcoveryBeyondSpring PharmaceuticalsOSE ImmunotherapeuticsSanofiPfizerAstellas PharmaSeattle GeneticsBlueprint Medicines CorporationTakedaAbbVieKadmon CorporationAmgenSymphogenRegeneron PharmaceuticalsPeregrine PharmaceuticalsAvid BioservicesGlaxoSmithKlineAnd many othersThe report includes provides in depth analysis historical and forecasted Market Share (%) Distribution of NSCLC, Market Share (%) Distribution of NSCLC by Mutations/Biomarkers, Total Market Size of PD-L1 NSCLC, Total Market Size of BRAF NSCLC, Total Market Size of c-Met, Total Market Size of EGFR, Total Market Size of ALK as well.The reasons for buying this report:The report proffers an overview of pathophysiology, various diagnostic approaches and NSCLC treatment algorithm, including detailed chapters for marketed products and emerging therapies.Historical and forecasted Non-Small Cell Lung Cancer epidemiology in 7MM covering the United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan from 2017-2030.Detailed historical and forecasted NSCLC market covering the United States, EU5 and Japan from 2017-2030.
Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.
Market Research Future (MRFR), conducted a detailed study of the impact ofCOVID-19 on the worldwide optical encoder market 2020.
MRFR study reveals that the optical encoder market can rise at 15.55% CAGR across the forecast period 2018 to 2024.
The valuation of the optical encoder market can touch USD 2.55 Bn by 2024 from USD 1.18 Bn in 2018.The availability of different optical encoder types to settle different optical encoder applications can cause expansion of the optical encoder market across the study period.
The use of pulses of light by optical encoder for the representation of data offers competitive advantage to the optical encoder market.
In optical encoder rotary applications, the response to the rotating shaft is received as movement related data.
These factors can prompt the expansion of the optical encoder global market.Key PlayersBEI Sensors (US), Broadcom, Inc. (US), Renishaw Plc.
The Coherent Optical Equipment Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire coherent optical equipment market has been sub-categorized into technology, equipment, application and end-user.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Coherent Optical Equipment Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/coherent-optical-equipment-market/download-sampleBy Technology100G200G400G+400G ZRBy EquipmentWavelength-division Multiplexer (WDM)Modules/ChipsTest & Measurement EquipmentOptical AmplifiersOptical SwitchesOthersBy ApplicationNetworkingData CenterOriginal Equipment Manufacturers (OEMs)By End UserService ProviderPublic SectorIndustriesBrowse Full Global Coherent Optical Equipment Market Research Report With TOC At: https://www.valuemarketresearch.com/report/coherent-optical-equipment-marketThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the coherent optical equipment market include Ciena Corporation, Cisco Systems, Inc., ECI Telecom Ltd., Fujitsu Limited, Huawei Technologies Co., Ltd., Infinera Corporation, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for coherent optical equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Latest Research Report on “Sports Medicine Products Market” Added by Analytical Research Cognizance which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis
This report studies the global market size of Sports Medicine Products Market in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Sports Medicine Products in these regions.
This report also studies the global Sports Medicine Products market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Get Sample for Sports Medicine Products Market Report @ http://www.arcognizance.com/enquiry-sample/131077
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
