The global optometry market will rise at a CAGR of 4.1% from 2017 to 2025 to become worth US$ 79.871bn by 2025 from US$55.974bn in 2016. Going by-products, Spectacles accounted for over 55% of the overall eyewear market share in 2016. Rising preference for high-quality lenses along with increasing specs replacement demand will further fuel industry growth. Change in fashion along with the alteration in corrective lenses will remain a key factor fueling product demand. Frames, on the other hand, are estimated to surpass USD 60 million by 2024 with premium frames being the fastest growing segment. Increase in consumer purchasing power and willingness to upgrade lifestyle will play a key role influencing demand for this segment. The contact lens will witness over 3% CAGR up to 2024, easy product accessibility at a competitive price due to retail industry expansion will support market growth. Disposable lenses are predicted to be the most lucrative segment in the coming years. Moving towards market type, Optical stores accounted for over 25% of the industry share in 2016. Easy eye examination availability and consultation services are the key factors driving highest demand in this segment. Also, Online stores will witness growth over 5% up to 2024. The shift in consumer preference towards online purchasing and booming e-commerce will enhance product sales.

With progressing call from every generation, the $36 billion eye care industry has a bright future. The increasing prevalence of nearsightedness or myopia amongst adults and children due to genetic and environmental factors has led to an increase in demand for LASIK, contact lenses, prescription eyeglasses and other surgeries in the global market. Vendors are actively introducing innovative eyewear to accommodate various consumer needs and preferences. Manufacturers are targeting customer with affordable price and on a larger scale. New technological developments will accelerate the production at lower cost. Increasing eye care community efforts to bring better vision to the world will support product penetration over the forecast period.

Trade Essential is coming up with the Eye Care & Optics, to shed light on principles and latest techniques for Scleral lens fitting, advanced formulae for ophthalmic optics, the science behind color enhancement in lenses, understand the influence of pathologies on eye refraction, methods to tackle challenges of ophthalmic healthcare in the 21st century, biometry, dealing with phacoemulsification, use of multifocal IOLs after LASIK, FLACKS and PHACO, Lenticule Intrastromal Keratoplasty as a refractive solution, and much more.

The Conference will also discuss the advances in eye care, market drivers, sustainability strategies, market dynamics and analysis of associated trends, and much more. The conference aims to gather the OD, optician, dispenser, manufacturing specialists for eyewear, eye surgeons, researchers, principal investigators, experts and researchers working under academia and health care industry, business delegates, scientists, across the globe to provide a forum for the dissemination of research results, new ideas and practical development experiences to talk about on new advances in the field of optometry and additional innovations.