LONDON--(BUSINESS WIRE)--Technavio has announced the top 19 leading vendors in their recent global vision care market 2016-2020 report. Vendors are identified based on their revenue and market dominance in terms of experience, geographical presence, product portfolio, financials, and R&D.
Competitive vendor landscape
“Many international players in the vision care market are expanding their presence in the fast-developing APAC countries such as India, Vietnam, Indonesia, and Malaysia as they offer lucrative market opportunities. The high spending capacity and improving economic conditions in these countries are fueling the market's growth, making it an attractive market in which to launch new products,” says Amber Chourasia, a lead health and wellness analyst from Technavio.
Additional Insights: Top Four Factors Driving the Global Vision Care Market
The company designs, develops, manufactures, and markets a wide range of contact lenses such as spherical, toric, and multifocal lenses that correct near- and farsightedness. It also provides solutions for complex visual defects, including astigmatism and presbyopia. In addition, the company provides surgical instruments, diagnostic products, and accessories for healthcare professionals and centers.
Essilor is one of the leading providers of corrective lenses. The company manufactures contact lenses for myopia, hypermetropia, presbyopia, and astigmatism. It also offers non-prescription reading glasses and sunglasses through its subsidiary FGX, and finished lens edging and vision testers through the Essilor Instruments product line.
Johnson & Johnson
Johnson & Johnson is one of the leading players in the global vision care market with its strong product portfolio. The company offers a variety of contact lenses under the ACUVUE brand, and other vision care products under the Visine brand.
Luxottica designs, manufactures, and distributes a wide range of fashion, luxury, and sports eyewear. The company operates as a subsidiary of Delfin. The company also operates in the prescription business in North America with its LensCrafters and Pearle Vision retail brands.
Novartis established its presence in the global vision care market with its range of contact lenses offered through its Alcon division. Alcon researches, develops, manufactures, distributes, and sells eye care products and technologies to serve the full life cycle of eye care needs and treat various eye diseases and conditions.
The company provides a wide range of vision care products and solutions through its subsidiary Bausch + Lomb. It offers ophthalmic pharmaceuticals, contact lenses, lens care products, ophthalmic surgical devices, and instruments. The company markets its products in more than 100 countries worldwide.
Other prominent vendors:
All Pro Intraocular Lens
Headquartered in Shangdong, China, the company provides intraocular lenses (PMMA), foldable intraocular lenses, and posterior PMMA intraocular lenses.
Founded in 1986, the company provides unique and custom-made RGP contact lenses. Its product offerings include ESSENTIAL brand of contact lenses, RECLAIM HD multifocal lenses, onefit brand of contact lenses, and MSD scleral lenses.
Established in 1988 and located in located in Yangsan-Gun, South Korea, the company offers glass lenses such as single vision lenses and progressive lenses. The company has production facilities in South Korea, China, and Vietnam.
Founded in 1972 in Hamburg, Germany, the German eyewear company has sales in 687 branches in Germany, Switzerland, Poland, Austria, Luxembourg, and the Netherlands. As of September 2015, the consolidated revenue of the company was 1.3 billion.
Located in Jiangsu, China, it is one of the largest professional optical lens manufacturers in the country. With 25 years of experience, the company has the capacity to produce 70,000 pairs of lenses every day.
Founded in 1941 and headquartered in Tokyo, Japan, the company is one of the world's leading manufacturers of optical glass. Its offers healthcare and medical products, including eyeglasses, intraocular lenses medical endoscopes, and photomasks used as key components for the semiconductor devices, PCs, and smartphones, and IT solutions.
Founded in 1951 in Japan, the company is Japan’s first and largest contact lens manufacturer. It provides Miru one-day contact lenses, Menicon Z contact lenses, Menifocal contact lenses, and Rose K contact lenses.
Founded in 1877 and based in Munich, Germany, the company is present in more than 85 countries with sales distribution partners and subsidiaries.
Located in Minato, Tokyo, Japan and established in 1996, Seiko Optical Products is the subsidiary of the Seiko Group. It is engaged in the development and distribution of optical lenses, frames, and other optical products. It specializes in clearer spectacle lenses, progressive lens design technology, and titanium frame materials.
Shanghai Conant Optics
Established in 1996 in Shanghai, China, the company is one of largest manufacturers of high-quality optical lenses in China and one of the leading manufacturers globally.
Headquartered in Carlsbad, California, US, the company specializes in hybrid contact lenses as well as high-performance, advanced technology contact lenses. It provides products such as Duette Series and UltraHealth Series of contact lenses.
Founded in 1967 in Leighton Buzzard, UK, the company specializes in contact lens technology and manufacturing systems. Its products include UltraWave SiH monthly disposable, UltraWave & UltraWave T, Specialty 55 AB, HydroWave three-month replacement, DuraWave multifocal, KeraSoft thin, and DuraWave soft hydrogel.
Based in Des Plaines, Illinois, US, the company is an international manufacturer of soft contact lenses.
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