2014-02-14 17:07:02 - Eyewear Market in the US 2012-2016 - a new market research report on companiesandmarkets.com
The United States eyewear market is to grow at a CAGR of 2.57 percent over the period 2012-2016. One of the key factors contributing to this market growth is the high prevalence of eyesight disorders. The Eyewear market in the US has also been witnessing the trend of using contact lenses for aesthetic and cosmetic purposes. However, the increased adoption of refractive surgery poses a challenge to the growth of this market.
One of the key trends witnessed in the Eyewear market in the US is the increasing demand for contact lenses and spectacles. The market has witnessed increased demand for contact lenses as they are increasingly viewed as a style statement. The emerging trend of wearing fashionable and colored contact
lenses is popular among teenagers as well as adults. To capitalize on this demand, vendors in the market are currently developing various types of colored contact lenses with additional features such as teardrop effects and lenses that can project three shades of colors. In addition, the demand for disposable contact lenses and specialty contact lenses that can make a person´s eyes look bigger and shinier have attracted customers to a considerable extent.
A key driver in the market is the increasing aging population. There are higher chances of this group developing vision problems such as AMD, presbyopia, and astigmatism.
One of the key challenges is low patient compliance. The lack of awareness about eyesight disorders and negligence among patients has led to low patient compliance, posing a major challenge to the growth of the market.
The key vendors dominating this market space include Costco Wholesale Corp., Luxottica Group SpA, Safilo S.p.A., and Wal-Mart Stores Inc. The other vendors mentioned in this report are Bausch and Lomb Inc., Carl Zeiss Inc., Ciba Vision Corp., CooperVision Inc., Essilor International SA, and Johnson and Johnson Vision Care Inc.
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