Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Type (Contact Lenses, Spectacles, Sunglasses), By Application (E-Commerce, Brick & Mortar), And Competitive Landscape
Product Code: ETC059052 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Optical Market is set to gain momentum from the increasing geriatric population (Elderly population) in the region. Old people are mainly prone to suffer from Retinal diseases or vision impairments. Such population aging is the major support for the growth of the eyewear industry. Also, increasing disposable income is responsible for rising spending on eye health and new fashion trends. Moreover, customers are inclining towards products that are providing better vision for night driving and are comfortable for reading and computer use. And the UV protective lenses prevent the eyes from damages caused by UV A and UV B rays coming from the sun. Hence, these are the driving factors for the growth of the optical stores market in Latin America.
According to 6Wresearch, the Latin America Optical Stores Market is anticipated to gain momentum in the overall market in the coming time zone 2021-2027F. Being aided with a well-equipped industrial landscape, Brazil's optical stores market is expected to gain the highest growth potential in the overall regional product market in the coming time zone. Followed by Brazil, Mexico's optical stores market is anticipated to be at a high growth proliferation owing to the increase in the geriatric population which is expected to be a growth proliferator for the product market in the upcoming six years.
But, the outbreak of the Covid19 pandemic has had a negative impact on the market. A large number of organizations reported canceling non-essential ophthalmic procedures due to the lockdown. According to the research conducted it was observed that in Brazil, the total number of patients visits in ophthalmic clinics decreased by 60% in 2020 as compared to the previous year. The retail store segment also experienced a sharp decline in the number of customers due to the fear of the spread of the disease.
The Latin America optical stores market report thoroughly covers the market by size, segmentation, and growth prospects. This report also provides an unbiased and detailed analysis of the ongoing optical trends, challenges faced, and growth opportunities which would help the stakeholders to devise and align their market strategies according to the current and future dynamics.
Latin America Optical Stores Market is anticipated to register sound revenues in the forthcoming years backed by a rising eye-related disease along with the rising appearance concern is leading to stimulate the customers to wear contact lenses rather than spectacles. Further, based on the distribution channel, Brick & mortar are estimated to hold high sales revenues in the market owing to the rising customer tendency to check the product before purchase, which has led to open up the corridors of the new marketers to enter the market which not only increases the competitive landscape but also, helps in achieving new growth avenues for the market.
Markets Covered
The Market Report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Optical Stores Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Optical Stores Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Optical Stores Market - Industry Life Cycle |
3.4 Latin America Optical Stores Market - Porter's Five Forces |
3.5 Latin America Optical Stores Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Optical Stores Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Latin America Optical Stores Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Latin America Optical Stores Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Optical Stores Market Trends |
6 Latin America Optical Stores Market, 2017 - 2027 |
6.1 Latin America Optical Stores Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Latin America Optical Stores Market, Revenues & Volume, By Application, 2017 - 2027 |
7 Brazil Optical Stores Market, 2017 - 2027 |
7.1 Brazil Optical Stores Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 Brazil Optical Stores Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Mexico Optical Stores Market, 2017 - 2027 |
8.1 Mexico Optical Stores Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Mexico Optical Stores Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Argentina Optical Stores Market, 2017 - 2027 |
9.1 Argentina Optical Stores Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Argentina Optical Stores Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Latin America Optical Stores Market, 2017 - 2027 |
10.1 Rest of Latin America Optical Stores Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Rest of Latin America Optical Stores Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Latin America Optical Stores Market Key Performance Indicators |
12 Latin America Optical Stores Market - Opportunity Assessment |
12.1 Latin America Optical Stores Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Optical Stores Market Opportunity Assessment, By Type, 2020 & 2027F |
12.3 Latin America Optical Stores Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Latin America Optical Stores Market - Competitive Landscape |
13.1 Latin America Optical Stores Market Revenue Share, By Companies, 2020 |
13.2 Latin America Optical Stores Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |