2014-02-24 05:22:04 - Global Eye Care Surgical MarketÂ 2012-2016 - a new market research report on companiesandmarkets.com
The Global Eye Care Surgical market is to grow at a CAGR of 8.54 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in prevalence of eye disorders. The Global Eye Care Surgical market has also been witnessing the trend of an increase in mergers and acquisitions. However, the lack of awareness could pose a challenge to the growth of this market.
Mergers and acquisitions help organizations grow rapidly by expanding their business processes, geographical presence, and customer base. The Global Eye Care Surgical market is witnessing numerous mergers and acquisitions. For instance, in 2011, Novartis completed the acquisition of Alcon. With this merger, Novartis enhanced its capabilities to develop more new
and innovative eye care products, broadened its product portfolio, and increased its commercial reach. Similarly, in 2009, Abbott acquired Advanced Medical Optics Inc. and renamed it Abbott Medical Optics Inc.
The increase in the worlds population has resulted in an increase in the number of people suffering from vision disorders. Factors such as changing dietary habits, as well as the increase in the amount of time people spend playing video games, watching television, and working in front of computers, are contributing to the increase in the number of people suffering from vision disorders. Thus, the increase in the number of people suffering from eye disorders is expected to significantly increase the demand for eye care products during the forecast period.
The key vendors dominating this market space are Abbott Medical Optics, Alcon Inc., Bausch and Lomb Inc., Carl Zeiss Inc., and Hoya Corp.
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