Global Market for Eyeglasses to Reach $113.2 Billion by 2018,
Contact Lenses and Solutions to Exceed $12.2 Billion
FARMINGTON, Conn., Nov. 29, 2012 /PRNewswire-iReach/ -- Staying
up-to-date with global market developments, new launches and the
people behind them, requires timely, relevant data delivered
reliably and in a way that is dense in value and light on fluff.
Three significant new market research reports from our premium
research partner Global Industry Analysts, Inc. offer vital
forecasts for the global eyeglasses, contact lens and solution, and
ophthalmic equipment markets.
(Photo: http://photos.prnewswire.com/prnh/20121129/CG21275)
More details are available below, but parties interested in a
more in-depth review of market trends and available research are
encouraged to contact Global Information Inc directly at
1.860.674.8796, or online at www.giiresearch.com/contact.shtml
Eyeglasses
The global market for eyeglasses is projected to reach $113.2
billion by 2018. Growth in the market will be driven by shifting
fashion preferences of customers towards trendy and sporty eyeglass
frames to create a style statement. Eyeglasses have today shed
their utilitarian image of being just a vision correction
contraption to become a key fashion accessory. Innovative materials
for lenses and frames and other technological advances have
resulted in several new designs with better aesthetic appeal, style
and quality. Eyeglasses with lightweight material frames such as
monel and titanium with polycarbonate lenses have become immensely
popular in recent years. Currently in vogue are frames with
brighter, bolder, multi colors, and with rectangular shapes. The
trend mirrors a move away from the rimless frames of circle and
oval shapes. Also being preferred are frames made from natural
materials. Frames with crocodile patterns, animal skin prints, are
finding favor among nature enthusiasts.
An Executive Summary for this report and free sample pages from
the full document are available at
http://www.giiresearch.com/report/go134258-eyeglasses.html
Ophthalmic Instrumentation
The global market for ophthalmic instrumentation is projected to
exceed $2.9 billion by 2018. Development of technologies such as
digital photography, scanning laser ophthalmoscopy (SLO), spectral
domain optical coherence tomography have aided ophthalmologists in
having a better understanding of diseases in the posterior segment
of the eye. At present, the demand is centered on imaging
technologies that offer wider visual access of retinal periphery
beyond the typical 30°-100° frame. Demand for optical coherence
tomographers is growing at a rapid pace as the device is capable of
imaging the vascular structure under the retina and has higher
resolution capabilities.
In the ophthalmic surgical devices market, potential in the
refractive laser surgery segment is set to be more with efforts
directed towards faster recovery times and low risk of
complications. Latest ophthalmic devices such as accommodative
lenses, LASIK and implantable retinal prosthetics are currently
replacing the extensively used traditional treatment methods. A
noteworthy technology in refractive error correction area in recent
times is femtosecond laser platform for LASIK which facilitates
creation of safer and more precise flaps. The advent of this next
generation technology is expected to revolutionize cataract surgery
procedure, bringing in the shift from conventional hand-held blade
to blade-free lasers.
Consolidation in the eye care industry highlights the trend
towards vertical and horizontal integration at manufacturing,
distribution, and managed care levels. One of the major factors
driving consolidation trend is mounting price competitiveness. Key
players profiled in the report include Abbott Medical Optics, Inc.,
Alcon, Inc., Bausch & Lomb, Inc., Carl Zeiss Meditec AG, Ellex
Medical Lasers Limited, Iridex Corp., Lumenis Ltd., Nidek Co. Ltd.,
Topcon Corp., and Topcon Medical Systems, Inc.
An Executive Summary for this report and free sample pages from
the full document are available at
http://www.giiresearch.com/report/go138750-ophthalmic-instrument.html
Contact Lenses and Solutions
The global market for contact lenses and solutions market is
projected to exceed $12.2 billion by 2018. Vanity continues to be
the major factor driving Contact Lens usage. Favorable
demographics, rapid penetration of high-value products, growing
occurrence of myopia, and reduction in wearer dropouts also
continue to account for the healthy growth forecasts. Among the
developing economies, Asia is
expected to account for majority of the growth.
Soft contact lenses represent the largest segment. Among soft
lenses, the launch of silicone hydrogel lenses revolutionized
extended wearing lenses. Multi-focus lens is the fastest growing
segment in soft contacts. While sales of silicone hydrogel lenses
continue to increase worldwide, so are studies on different
silicone hydrogel materials. Contact lens makers are increasingly
recognizing the significance of higher oxygen permeability and
water content. Indeed, most leading companies are patenting their
own silicone hydrogel material to gain edge in the global market.
Rapid transition towards silicone hydrogels is principally due to
their improved oxygen transmissibility that allows higher amounts
of oxygen to the eye, resulting in better ocular health.
The marketplace for contact lens is highly concentrated with
handful of players operating on a global basis. Declining prices
and high entry barriers have prevented new companies from entering
this market, where penetration by far depends on the ability to
persuade users to switch from well-established to new brands. Key
players profiled in the report include Abbott Medical Optics Inc.,
Alcon Inc., Bausch & Lomb Inc., CooperVision Inc., Ginko
International Co., Ltd., and Vistakon.
An Executive Summary for this report and free sample pages
from the full document are available at
http://www.giiresearch.com/report/go124537-contact-lense.html
About Global Information Inc. Global Information (GII)
(http://www.giiresearch.com) is an information service company
partnering with over 300 research companies around the world.
Global Information has been in the business of distributing
technical and market research for more than 25 years. Expanded from
its original headquarters in Japan, Global Information now has offices in
Korea, Taiwan, Singapore, Europe and the
United States.
Media Contact:
Jeremy Palaia Global Information, Inc., 1-860-674-8796,
Press@gii.co.jp
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SOURCE Global Information, Inc.