According to the research report titled ‘Nordic Eyewear and Optical Retail Market - Analysis By Country (Sweden, Denmark, Norway, Finland) Product Type, End-Use, Age Group (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, Nordic eyewear and optical retail market is projected to reach USD 2635.68 million in valuation by 2027, displaying a 3.9% CAGR during the forecast timeline.

The increasing product demand among youngsters due to rising digital screen usage and the growing prevalence of myopia are some of the chief factors propelling the growth of Nordic eyewear and optical retail market.

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The research report elaborates on the significant development trends and issues that are prevailing in this industry vertical. Moreover, to comprehend the growth trajectory of this business space, the study also provides a comparison of historical and current market patterns, further ensuring improved decision making among investors.

During the COVID-19 outbreak, strict lockdowns had affected several industries including Nordic eyewear and optical retail market. The pandemic caused disruptions at all stages of the value chain including distribution and manufacturing.

However, the COVID-19 crisis also had some positive impacts as it exposed industry inefficiencies and contributed to boosting the industry’s e-commerce capabilities, which in turn is expected to stimulate the overall market expansion.

Based on the product gamut, the market is fractionated into spectacles/glasses, contact lenses, and sunglasses. Moving on to the end-user spectrum, Nordic eyewear and optical retail industry is segmented into general protection, fashion, and ocular diseases/disorders.

By age group, this business arena is segregated into above 65 years, 19-64 years, and 0-18 years.

The country-level bifurcation of this business vertical extends to Finland, Sweden, and Denmark with Sweden holding the majority of the regional market share.

Krogh Optikk AS, Synologen AB, Specsavers Optical Group Ltd., GrandVision, and Synsam Group Sweden AB are the prominent corporations stimulating Nordic eyewear and optical retail industry. These companies are making heavy R&D investments as well as focusing on strategic acquisitions and mergers to gain a competitive lead in this business space.