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Research Methodology

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Eyewear
Market research for the eyewear industry
Categories in eyewear include: * Contact lenses * Spectacles |
Data and market analysis advances your knowledge of the industry and its competitive environment, ensuring accurate and focused strategies for your business. market research can be used throughout your entire organisation, including strategic development, marketing, mergers and acquisitions, and brand management.
TRENDS
* The year 2009 saw increased marketing efforts by the sector leader Bausch & Lomb, and also from Johnson & Johnson, as they looked to increase the use of contact lenses in India and dispel some of the concerns and apprehensions among potential users. Targeting the youth and young adult markets, these companies are focusing on the fashion and feelgood factors associated with using contact lenses rather than their functional benefits.
COMPETITIVE LANDSCAPE * Bausch & Lomb Eyecare India, the subsidiary of the US-based multinational, leads the Indian contact lenses market, although its market share declined over the review period. Bausch & Lomb still accounts for more than half the retail sales of contact lenses in India, because of its strengths in the extended wear subsector and in distribution. By February 2009, the company claimed that Bausch & Lomb lenses were available in more than 5,500 outlets, and it aimed to expand this network to 7,000 outlets during 2009–2010.
PROSPECTS
* With spectacles remaining popular, sales of contact lenses are expected to continue to grow at a steady pace, with no huge spike in demand, with a CAGR of a 13.7% over the forecast period.

Segmentation
This market research report includes the following: * Contact Lenses * Daily Disposable * Extended Wear * Two-Weekly/Monthly Disposable

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