Global Contact Lens Market 2012-2016
- ID: 2497077
- March 2013
- Region: Global
- 40 Pages
This report forecasts the Global Contact Lens market to grow at a CAGR of 8.6 percent to 2016. One of the key factors contributing to this market growth is the increasing prevalence of eye disorders. The Global Contact Lens market has also been witnessing the increasing adoption of a product bundling strategy. However, increasing product recalls could pose a challenge to the growth of this market.
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it covers the Global Contact Lens market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Johnson and Johnson Vision Care Inc., Alcon Inc., CooperVision Inc., and Bausch & Lomb Inc.
The other vendors mentioned in the report are Abbott Medical Optics Inc., Nypro Inc., All Pro Intraocular Lens Co. Ltd., Carl Zeiss AG, Contamac US, Eagle Optics Pvt. Ltd., Essilor International SA, GKB Rx Lens Pvt. Ltd., Hoya Corp., Hydrogel Vision Corp., IRIDEX Corp., Medennium Inc., Nidek Co. Ltd., Polymer Technology Corp., Star Surgical Co., SynergEyes Inc., and Wesley Jessen Visioncare Inc.
Key questions answered in this report:
- What will the market size be in 2016 and at what rate will it grow?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by these key vendors?
- What are the strengths and weaknesses of these key vendors?
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1. Executive Summary
3. Market Coverage
4. Market Landscape
4.1. Market Size and Forecast
4.2. Market Segmentation Based on Material
4.3. Market Segmentation Based on Replacement Schedule
4.4. Five Force Analysis
5. Geographical Segmentation
6. Vendor Landscape
7. Buying Criteria
8. Market Growth Drivers
9. Drivers and their Impact
10. Market Challenges
11. Impact of Drivers and Challenges
12. Market Trends
13. Key Vendor Analysis
13.1. Johnson & Johnson Vision Care Inc.
13.1.1. Business Overview
13.1.2. Key Information
13.1.3. SWOT Analysis
13.2. Alcon Inc.
13.2.1. Business Overview
13.2.2. Business Segmentation
13.2.3. Key Information
13.2.4. SWOT Analysis
13.3. CooperVision Inc.
13.3.1. Business Overview
13.3.2. Key Information
13.3.3. SWOT Analysis
13.4. Bausch and Lomb Inc.
13.4.1. Business Overview
13.4.2. Business Segmentation
13.4.3. Key Information
13.4.4. SWOT Analysis
14. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Contact Lens Market 2012-2016 (US$ billion)
Exhibit 2: Global Contact Lens Market Segmentation
Exhibit 3: Global Contact Lens Market Segmentation Based on Function 2012
Exhibit 4: Global Contact Lens Market by Product Segmentation 2012-2016 (percentage)
Exhibit 5: Global Contact Lens Market Segmentation Based on Material 2012
Exhibit 6: Global Contact Lens Market Segmentation Based on Replacement Schedule 2012
Exhibit 7: Global Contact Lens Market by Geographical Segmentation 2012
Exhibit 8: Global Contact Lens Market by Vendor Segmentation 2012
Exhibit 9: Business Segmentation of Alcon Inc.
Exhibit 10: Business Segmentation of Bausch and Lomb Inc.
Commenting on the report, an analyst from TechNavio's Healthcare team said: 'The Global Contact Lens Market is expected to grow rapidly during the forecast period. This is mainly because of the presence of certain emerging trends in the market. One of the key trends is the increasing awareness among patients about the use of contact lenses to correct eyesight disorders. Awareness programs are conducted by various governments, non-governmental organizations, and vendors. For instance,'VISION 2020: The right to sight' is a joint program of WHO and the International Agency for the Prevention of Blindness. It was conducted on a global scale to boost awareness among the general population and, consequently, increased the demand for vision care devices. Thus, the rising awareness in developing countries has increased the adoption of contact lenses.'
According to the report, the increasing use of contact lenses as a fashion statement is a major factor driving the Contact Lens Market. There is an emerging trend among teenagers as well as adults to wear fashionable and colored contact lenses. To capitalize on this demand, vendors are developing various types of colored contact lenses with additional features such as a teardrop effect and lenses that can project three shades of color. Further, the development of a special type of contact lens that can make a person's eyes look bigger and shinier has attracted a lot of attention.
Further, the report discusses the physical side effects caused by contact lenses which can be allergic reactions such as watery red eyes, infection, decreased vision, pain in the eye, redness in the eye, corneal infection, corneal abrasion, and blindness. Such factors are hampering the acceptance of advanced contact lenses. This is posing a challenge to the growth of the Global Contact Lens market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Johnson and Johnson Vision Care Inc., Alcon Inc., CooperVision Inc., and Bausch and Lomb Inc.. The other vendors mentioned in the report are Abbott Medical Optics Inc., Essilor International SA, Carl Zeiss AG, Hoya Corp., All Pro Intraculor Lens Co. Ltd., Hydrogel Vision Corp., IRIDEX Corp., GKB Rx Lens Pvt. Ltd., Medennium Inc., SynergEyes Inc., Wesley Jessen Visioncare Inc.
- Johnson & Johnson Vision Care Inc.
- Alcon Inc.
- CooperVision Inc.
- Bausch & Lomb Inc.
- Abbott Medical Optics Inc.
- Nypro Inc.
- All Pro Intraocular Lens Co. Ltd.
- Carl Zeiss AG
- Contamac US
- Eagle Optics Pvt. Ltd.
- Essilor International SA
- GKB Rx Lens Pvt. Ltd.
- Hoya Corp.
- Hydrogel Vision Corp.
- IRIDEX Corp.
- Medennium Inc.
- Nidek Co. Ltd.
- Polymer Technology Corp.
- Star Surgical Co.
- SynergEyes Inc.
- Wesley Jessen Visioncare Inc.