TechNavio recognizes the following companies as the key players in the Eyewear Market in the US: Costco Wholesale Corp., Luxottica Group S.p.A., Safilo Group S.p.A., and Wal-Mart Stores Inc.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market are CooperVision and Ciba Vision Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/eyewear-market-us-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report – Eyewear Market in the US 2012-2016
