Research and Markets (http://www.researchandmarkets.com/research/xt5z9g/global) has announced the addition of the "Global Photochromic Lenses Market 2015-2019" report to their offering.

The Global Photochromic Lenses market to grow at a CAGR of 7.6% over the period 2014-2019

Photochromic lenses are lenses that change their color when exposed to sunlight. These lenses were first invented in 1960s and were manufactured from silver. However, with advances in technology, the materials such as polycarbonate or plastic were used to manufacture photochromic lenses. These lenses were invented to improve ocular health of patients as they block excess UV rays when exposed to sun but function as a normal spectacle while indoors.

The Global Photochromic Lenses market is highly co-related with economic cycles. Photochromic technology is an add-on feature in prescription eyewear, which is provided at an additional price. As a result, photochromic can be considered as a discretionary expenditure. Unless manufacturers offer a discount on these lenses, it would be difficult to convince customers to purchase the product during uncertain economic conditions.

According to the report, rapid advances in technology are boosting market growth. The market has significantly evolved over the years and advances in technology have enabled the provision of the most advanced equipment for eye treatment.

Further, the report states that the availability of counterfeit products coupled with price complications is hindering market growth. Regions with low availability of international brands force retailers to pay a higher amount to source these glasses; these costs in turn affect the MRP of the product. With the inclusion of customs duty and other import taxes, the price of the imported sunglasses doubles. Brand value again adds on to this and the price staggers to indefinite limits. Therefore, price is a hurdle for many potential buyers.

Key Vendors

  • Essilor International(Transient Optical)
  • Carl Zeiss
  • Corning
  • Rodenstock

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Geographical Segmentation
  8. Key Leading Countries
  9. Buying Criteria
  10. Market Growth Drivers
  11. Drivers and their Impact
  12. Market Challenges
  13. Impact of Drivers and Challenges
  14. Market Trends
  15. Trends and their Impact
  16. Vendor Landscape
  17. Other Prominent Vendors
  18. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/xt5z9g/global