• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Hydrogel Cell Carrier for Fistula Healing

      Hydrogel Cell Carrier for Fistula Healing

      Bottlebrush Particle for Synergistic Drug Combinations

      Bottlebrush Particle for Synergistic Drug Combinations

      Antibacterial Peptide Spray Safe for Use on Wounds

      Antibacterial Peptide Spray Safe for Use on Wounds

      Flexible Sensors Detect Heavy Metals in Sweat

      Flexible Sensors Detect Heavy Metals in Sweat

    • Radiology
      Focused Ultrasound Releases Brain Biomarkers

      Focused Ultrasound Releases Brain Biomarkers

      Tiny Patch for Cardiac Ultrasound Imaging

      Tiny Patch for Cardiac Ultrasound Imaging

      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

    • Cardiology
      Tiny Patch for Cardiac Ultrasound Imaging

      Tiny Patch for Cardiac Ultrasound Imaging

      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

    • Surgery
      Hydrogel Cell Carrier for Fistula Healing

      Hydrogel Cell Carrier for Fistula Healing

      Antibacterial Peptide Spray Safe for Use on Wounds

      Antibacterial Peptide Spray Safe for Use on Wounds

      Microneedle Bandage for Hemostatic Control

      Microneedle Bandage for Hemostatic Control

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

    • Nanomedicine
      Bottlebrush Particle for Synergistic Drug Combinations

      Bottlebrush Particle for Synergistic Drug Combinations

      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

Latin America Eyewear Market to Reach USD 15.05 Billion by 2027; Rising Geriatric Population to Bolster Growth, states Fortune Business Insights™

February 26th, 2021 Fortune Business Insights Releases

The ”Latin America eyewear market“ is set to gain momentum from the increasing geriatric population in the region. Old people are mainly prone to suffering from ophthalmic disorders or vision impairments. This information is given by Fortune Business Insights™ in a new report, titled, “Latin America Eyewear Market Size, Share & Industry Analysis, By Product Type (Spectacles (Frames, Lens), Sunglasses (Plano, Prescription), and Contact Lenses (Toric, Multifocal, and Sphere)); By Distribution Channel (Retail Store, Online Store, and Ophthalmic Clinics), 2020-2027.” The report further states that the Latin America eyewear market size was USD 10.80 billion in 2019 and is projected to reach USD 15.05 billion by 2027, exhibiting a CAGR of 6.8% during the forecast period.

Request a Sample Copy of the Research Report : https://www.fortunebusinessinsights.com/enquiry/sample/latin-america-eyewear-market-104573

COVID-19 Pandemic to Hinder Growth Fueled by Reduction in Patient Visits

The COVID-19 pandemic has compelled several medical institutions to either postpone or cancel all the non-essential ophthalmic procedures. They are mainly doing this to avoid physical contact with patients for preventing the transmission of the coronavirus. A research conducted by doctors in Goiana, for instance, showed that in 2020, the total number of patient visits in ophthalmic clinics declined by 60.0% in Brazil, unlike the previous year. We are offering accurate research reports to help you pave the way toward success and invest in the Latin America eyewear industry accordingly.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit : https://www.fortunebusinessinsights.com/latin-america-eyewear-market-104573

How Did We Conduct Our Research?

The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.

Drivers & Restraints-

Increasing Usage of Smartphones and Computers to Accelerate Growth

The cases of ophthalmic disorders, such as cataract, myopia, and glaucoma are increasing rapidly in Latin America in recent years. The rising usage of digital screens, namely, smartphones, computers, laptops, and televisions is one of the crucial reasons responsible for the higher prevalence of the above-mentioned disorders. The World Health Organization (WHO), for instance, mentioned that more than 25 million people in Caribbean and Latin American countries were affected by age-related macular degeneration in 2019. These factors are anticipated to propel the Latin America eyewear market growth in the near future. However, the surging adoption of LASIK surgeries may hamper the demand for eyewear products in this region.

Segment-

Spectacles Segment Held Dominant Share in 2019 Backed by Rising Cases of Hypermetropia

Based on product type, the spectacles segment procured the largest Latin America eyewear market share in 2019. This growth is attributable to the increasing prevalence of hypermetropia and other vision impairments among the general population in the region. Hence, the demand for vision correction products and devices, such as spectacles is set to grow.

Regional Insights-

Presence of Established Healthcare Infrastructure to Favor Growth in Mexico

In 2019, Brazil generated USD 4.17 billion in terms of revenue in the Latin America eyewear industry. The presence of numerous eyewear companies, coupled with the increasing government initiatives would contribute to this growth. Also, the high demand for multiple eyewear products in this country would aid growth.

Mexico, on the other hand, is expected to retain its second position throughout the forthcoming years. The presence of a well-established healthcare infrastructure in this country would boost growth. Additionally, the rising cases of ocular disorders are set to spur the demand for eyewear.

Quick Buy- Latin America Eyewear Market Research Report : https://www.fortunebusinessinsights.com/checkout-page/104573

Competitive Landscape-

Key Players Aim to Gain a Competitive Edge by Unveiling State-of-the-art Eyewear Products

The market for eyewear in Latin America contains numerous prominent manufacturers that are presently striving to gain a competitive edge by launching innovative products. The high demand in this region is also boosting these firms to compete with their rivals by generating more sales. Below are the two latest industry developments:

  • September 2020: Essilor introduced its new generation of spectacle lens solutions called Stellest™ lens to fight against myopia. It was designed with the help of the company’s ‘Highly Aspherical Lenslet Target’ or HALT technology.
  • February 2019: Essilor International acquired majority stakes in a prescription laboratory named Indulentes. It is based in Ecuador. This will help the former to strengthen its presence in the country.

A list of all the renowned eyewear manufacturers operating in Latin America:

  • Alcon (Geneva, Switzerland)
  • EssilorLuxottica (Charenton-le-Pont, France)
  • CooperVision (Lake Forest, California, US)
  • Johnson & Johnson Services, Inc. (New Brunswick, New Jersey, US)
  • Bausch Health Incorporated (Bridgewater Township, US)
  • Carl Zeiss Meditec AG (Oberkochen, Germany)
  • Com(Bogotá, Colombia)
  • Safilo Group S.p.A (Padua, Italy)
  • Ben & Frank (Ciudad de, Mexico)
  • mx (Mexico City, Mexico)
  • la (Buenos Aires, Argentina)
  • com (Mexico City, Mexico)
  • cl (Santiago, Chile)
  • Other Prominent Player

Have Any Query? Ask Our Experts : https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/latin-america-eyewear-market-104573

Table Of Content:

Introduction

  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions

Executive Summary

Market Dynamics

  • Market Drivers
  • Market Restraints
  • Market Opportunities

Key Insights

  • New Product Launch, By Key Players
  • Prevalence of Key Ocular Diseases, By Key Countries
  • Overview of Consumer Buying Behavior of Eyewear Products
  • Key Industry Developments – Mergers, Acquisitions, and Partnerships
  • Key Trends in the Eyewear Market
  • Percentage of Adults Currently Wearing Eyewear, Latin America
  • Impact of COVID-19 on Latin America Eyewear Market

Latin America Eyewear Market Analysis, Insights and Forecast, 2016-2027

  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Product
  • Spectacles
  • Frames
  • Lenses
  • Sunglasses
  • Plano
  • Prescription
  • Contact Lenses
  • Toric
  • Multifocal
  • Sphere
  • Market Analysis, Insights and Forecast – By Distribution Channel
  • Retail Store
  • Online Store
  • Ophthalmic Clinics
  • Market Analysis, Insights and Forecast – By Country/Sub-region
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Ecuador
  • Rest of Latin America

ToC Continue…

Related Reports:

Cementless Total Knee Arthroplasty (TKA) Market to Grow ProgressivelyOwing to Rising Population of Elderly Patients Worldwide, States Fortune Business Insights™

Cell Lysis Market to Showcase Strong Growth Prospects; Increasing Health Complications of Chronic Diseases to Boost the Market: Fortune Business Insights™

Particle Therapy Market to Gain from Increasing Prevalence of Cancer Reported Worldwide, states Fortune Business Insights™

Microcatheter Market to Gain Momentum fromRising Cases of Cardiovascular Diseases in North America, reports Fortune Business Insights™

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:sales@fortunebusinessinsights.com

Linkedin | Twitter | BLogs

Sign up and submit a press release

Sponsored
C-mo Medical Solutions extends seed investment round to €4.8 million to transform cough monitoring

C-mo Medical Solutions extends seed investment round to €4.8 million to transform cough monitoring

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email