U.S. Eyewear Market to Reach $130 Billion

According to the report Eyewear Market (Spectacles, Contact Lenses, Plano Sunglasses) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018, demand for eyewear topped 2,600 million units in 2011, and it should  expand at a CAGR of 3.7% between 2012 and 2018. In terms of revenue, the $81 billion market of 2011 could expand to $130 billion by 2018. The report, published by Transparency Market Research, notes that a high degree of market penetration accounts for burgeoning demand. The increasing number of individuals requiring prescription eyewear also is driving growth. The acceptance of corrective or refractive surgeries, however, could inhibit short-term market growth. Read more.