Boston, MA -- (SBWIRE) -- 10/24/2014 -- The alarming unemployment rate - which stands at over 25% in 2014 - has been the worst consequence of the dramatic economic situation the country has been undergoing since 2008. It is true that at a macroeconomic level, 2014 is showing positive indicators, however, Spanish consumers are still far from noticing the recovery and as a consequence, they are still showing a conservative attitude towards spending. Although it is true that contact lenses recorded a fair performance in 2014, with value sales growing by over 3%, the larger consumer base and the growing popularity of contact lenses amongst Spaniards was expected to result in higher growth rates in that year than was actually achieved.

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Competitive Landscape

Little movement has taken place in the Spanish contact lenses market. Concentration continues to define the category with 70% of total value sales in the hands of the three leading companies. These three companies are Bausch & Lomb, Johnson & Johnson and Ciba Vision.

Industry Prospects

The Spanish economy is expected to see the light at the end of the tunnel from 2014. National and international prospects foresee that Spanish GDP will record a positive growth rate in 2015. However, the unemployment rate will take longer to recover. This fact will emphasise the cautious expenditure attitude that Spanish consumers have developed since the beginning of the economic crisis back in 2008. Nevertheless, contact lenses sales will grow by 7% at constant 2013 prices over the forecast period, equating to a CAGR of just over 1%.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Contact Lenses industry in Spain with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Contact Lenses industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.

The Contact Lenses in Spain market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- In which markets are daily disposables more popular than monthly and extended wear?
- Is coloured, toric, spherical or multifocal the dominant type of contact lens in Spain?
- Is style playing an increasingly important role over health in purchasing decisions?

Reasons to Get this Report:

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

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