Future Outlook Of The Eyewear Market In Malaysia
Malaysia is emerging as one of the major players in the eyewear industry, particularly with the opening up of two state-of-the-art fashion universities. The courses offered by these universities are designed to equip students with the most recent eyewear technology and marketing methods. This will help them be at the forefront of eyewear technology, especially with the opening up of these universities.
Eyewear products have always been a topic of great controversy since time immemorial. Initially there were two significant players in this market - eyewear manufacturing companies such as Ray Ban and Oakley, and there were some brands that supplied cheaper prices but didn't actually meet the high quality standards the leading brands do. As years passed, other brands also entered the scene, with new designs and improved materials. Nevertheless, these new entrants did not last long. They became over-stocked or their popularity fizzled out after some time. This has left the market with two major players - eyewear manufacturing firms like Ray Ban and Oakley, and optical stores that offer affordable rates for prescription glasses.
Since then, there has been a drastic shift in the types of frames available, both for women and men, and for different purposes. There has been a rise in the prices, as well as in the number of brands. However, these changes have been brought about mostly in reaction to the recent decades, when eyewear manufacturing has become more sophisticated and competition has become more intense.
There are lots of upcoming changes in the eyewear market which we can expect in the next few years. First is the introduction of new lenses. These lenses, that are expected to come in the next few years, will be available in various colors, styles and designs. There is also a new layout coming out from the marketplace called progressive spectacles. The design of these spectacles is similar to bifocals, but they'll turn from opaque to transparent lenses.
Another upcoming development is the introduction of bifocal contact lenses. Bifocal lenses will be made of one or two substances and will change from one color to another based on whether you're near or far sighted. You may no longer need reading glasses, in case you only have to see things clearly. This is quite beneficial for those people who suffer from presbyopia. This is also an improvement for those who wear eyeglasses.
There are quite a few other improvements on the horizon. For instance, there is a new design for innovative spectacles coming out in the coming years. It is known as progressive lens treatment and it'll allow the wearer to adjust to any light environment no matter its intensity. It's intended to combat the rising rate of hyperopia in Malaysia. The demand for prescription glasses has been falling since the late 1980s when there was a enormous increase in people wearing contact lenses. However, this has been changing in the past few years due to changes in the general landscape of the economy.
Presently, the market size of eyewear in Malaysia is relatively small. However, the growing demand for spectacles and sunglasses in the nation is expected to grow over the coming years. The government has been promoting the use of spectacles and sunglasses in the country as a way to reduce the dependence on traditional eyewear. By doing this, it will improve the overall health of Malays and lure more tourists to the nation.
From the above, you can see that there's a lot of potential in the eyewear market in Malaysia. As more tourism and commerce opportunities grow in the nation, the requirement for spectacles and sunglasses will increase. In addition, the current government has been encouraging the use of spectacles and corrective lenses by making modifications to the existing legislation and introducing new policies. From these, one can get a better idea of the future outlook eyewear Malaysia.