Highlights for Eyewear in 2016

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The global eyewear industry is expected to be worth US$120.0 billion in 2016, with slow growth of 1% from the previous year. This is primarily due to weakening currencies against US dollar, resulting in poor performance in Eastern Europe and Latin America, affecting the global market. Nevertheless, the outlook for eyewear remains bright, with growing demand in developing countries; similarly, there are growing demand for disposable contact lenses in developed countries.