Vision Care Market Growth (3.83% CAGR) Driven by Innovative Contact Lenses to 2020
PUNE, India, July 13, 2016 /PRNewswire/ --
The global vision care market 2016-2020 research report says a trend which is helping boost market growth is the introduction of innovative contact lenses. With the gradual rise in the number of eye infections due to the use of contact lenses, several researchers have proposed the introduction of an antimicrobial coating on the surface of contact lenses to minimize the chances of an infection. These antimicrobial lenses are lined with a peptide called melamine. Though the risk of infection from an average pair of contact lenses is extremely small, the use of antimicrobial coatings reduces this by a factor of four. On average, 20 out of every 10,000 consumers using regular contact lenses are exposed to infection, whereas only 4 out of 10,000 antimicrobial contact lens users are prone to eye infection of any sort.
Complete report on vision care market spread across 93 pages, analyzing 6 major companies and providing 38 data exhibits is now available at http://www.reportsnreports.com/reports/604358-global-vision-care-market-2016-2020.html.
The analysts forecast global vision care market to grow at a CAGR of 3.83% during the period 2016-2020.The global demand for vision care is augmented by the changes in the lifestyle of people. The increasing use of laptops, PCs, tablets, and mobiles is impacting the eyesight of many users. In 2015, the Americas led the vision care market with over 40% share of the overall market space. The rise in eye disorders like cataracts, diabetic retinopathy, glaucoma, and age-related macular degeneration coupled with the increasing popularity of contact lenses is likely to drive growth in the vision care market in Americas during the forecast period.
According to the vision care market report, a key growth driver is the increased brand-consciousness among patients. The variety of product innovations in the vision care market points toward the growing emphasis placed by the vendors on brand equity. In 2014, nearly 73% of US eye care professionals reported that their patients demanded specific brands of lenses. There has been a paradigm shift in consumer behavior. Previously, the functionality of the product was the prime criterion for purchasing eyewear. However, consumers are now focusing on the brand name as well as how fashionable the product is. Prescription lens manufacturers such as Essilor and Hoya play a vital role in this development.
Currently, the glass lens segment dominates the global vision care market by accounting for almost 40% of the overall market share. The rise in eye disorders brought about by the increasing use of electronic devices such as smartphones, tablets, and laptops is directly influencing the growth of this segment. Vendors are increasingly coming up technologically advanced products in an attempt to meet the ever-increasing demand and strengthen their foothold in the competitive market.
The following companies are the key players in the global vision care market: Cooper, Essilor, Johnson & Johnson, Luxottica, Novartis, and Valeant Pharmaceuticals. Other prominent vendors in the market are: All Pro Intraocular Lens, Blanchard, CHEMIGLAS, Fielmann, Hongchen Optical, Hoya, Menicon, Rodenstock, Seiko Group, Shanghai Conant Optics, Synergeyes, UltraVision, and Wesley Jessen. Order a copy of Global Vision Care Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=604358.
Global Vision Care Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global vision care market for 2016-2020. To calculate the market size, we use the revenue generated from the sale of various types of vision care products.
Another related report is Global Eyewear Market 2016-2020, a key trend which is contributing to market growth is the use of eyewear as fashion products. Eyewear designers are increasingly focusing on the development of eyeglasses and sunglasses in new styles, sizes, colors, and designs and key growth driver is the increasing prevalence of sight disorders. Browse complete report @ http://www.reportsnreports.com/reports/586313-global-eyewear-market-2016-2020.html.
Explore other new reports on Pharmaceuticals Market @ http://www.reportsnreports.com/market-research/pharmaceuticals/.
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