In 2015, the global eyewear industry is valued at US$114 billion globally, based on a forecast decline of 6% over the previous year. This is primarily due to weakening currencies against the US dollar as well as declining growth in large developed markets such as the US and Japan. Nevertheless, the outlook for eyewear remains bright with growing demand for eyewear in emerging countries; similarly for daily disposable lenses in developed countries where the average disposable income is rising.