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This excerpt taken from the EYE 10-K filed Mar 1, 2007. Eye
Care Market. As the use of contact lenses has become
increasingly popular, the demand for disinfecting solutions, daily cleaners,
enzymatic cleaners and contact lens rewetting drops has increased. We believe that the contact lens market
growth is driven by technological advancements in lens materials and designs
and broader adoption among younger wearers.
In response to increasing popularity of more frequently replaceable
lenses and consumer interest in more convenient lens care regimens, we believe
the contact lens care market continues to evolve towards greater use of
single-bottle, multi-purpose solutions and away from hydrogen peroxide-based
solutions. This evolution has had an
unfavorable impact on the global hydrogen peroxide market, which is
concentrated in Japan and parts of Europe.
Overall, we believe that strong demographic trends, new lens materials and specialty lenses are fueling global increases in the number of contact lens wearers, especially in China and other Asia Pacific countries. We believe that this is contributing to overall growth in multi-purpose solutions. The exception to this positive dynamic is in Japan, where a higher than average percent of the market has moved to daily disposable contact lenses that use cleaning solutions only occasionally or not at all. Finally, the eye care market includes artificial tear and contact lens rewetter products designed to relieve dryness associated with contact lens wear, environmental conditions and dry eye disease. We believe the global market for artificial tear products exceeds $400 million per year. This excerpt taken from the EYE 10-K filed Mar 14, 2006. Eye
Care Market. As the use of contact lenses has become
increasingly popular, the demand for disinfecting solutions, daily cleaners,
enzymatic cleaners and contact lens rewetting drops has increased. We believe
that the contact lens market growth is driven by technological advancements in
lens materials and designs and broader adoption among younger wearers. In
response to increasing popularity of more frequently replaceable lenses and
consumer interest in more convenient lens care regimens, we believe the contact
lens care market continues to evolve towards greater use of single-bottle,
multi-purpose solutions and away from hydrogen peroxide-based solutions. This
evolution has had an unfavorable impact on the global hydrogen peroxide market,
which is concentrated in Japan and parts of Europe.
Overall, we believe that strong demographic trends, new lens materials and specialty lenses are fueling global increases in the number of contact lens wearers, especially in China and other Asia Pacific countries. We believe that this is contributing to overall growth in multi-purpose solutions. The exception to this positive dynamic is in Japan, where a higher than average percent of the market has moved to daily disposable contact lenses that use cleaning solutions only occasionally or not at all.
Finally, the eye care market includes artificial tear and contact lens rewetter products designed to relieve dryness associated with contact lens wear, environmental conditions and dry eye disease. We believe the global market for artificial tear products exceeds $500 million per year.
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