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Business Segment: CooperVision


CooperVision markets a broad range of contact lenses throughout the world. Recent advances in lens materials and optics have allowed CooperVision to create proprietary lenses that treat both common and more complicated visual defects. With the acquisition of Ocular Sciences, Inc. in January 2005, CooperVision became the world's third leading contact lens manufacturer, with enhanced technology, expanded global distribution and greater manufacturing capabilities.

Trends:
  • Vision correction is a chronic need

  • About 50% of the world's population and about 160 million people in the U.S. need vision correction

  • The incidence of myopia, or nearsightedness, is increasing

  • About 33 million people wear contact lenses

  • Teenagers are the fastest growing segment of the worldwide contact lens market

  • Since 1991, the number of contact lens wearers in the U.S. has increased about 4% per year

For more information visit www.coopervision.com