DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/j9mcmf/global_contact) has announced the addition of the "Global Contact Lens Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Contact Lens market to grow at a CAGR of 8.6 percent over the period 2012-2016. 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.
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 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?
You can request one free hour of our analysts' time when you purchase this market report. Details provided within the report.
For more information visit http://www.researchandmarkets.com/research/j9mcmf/global_contact