CooperVision, a part of
The Cooper Companies Inc.
), a company focused on contact lens and women's health, recently
revealed that its Biofinity brand was the most rapidly growing
brand of contact lenses in the U.S. market during the 12-month
period ending Mar 2013. In fact, Biofinity added more users than
any other frequently replaced lens brand over the preceding year.
Cooper's toric lenses led in the 30-day category.
COO's Biofinity lenses use its Aquaform Technology. These
lenses are made of a natural wettable substance that cuts down on
deposits for day long comfort. Biofinity lenses retain moisture
during usage and an additional wetting substance may therefore
not be required. These lenses may be prescribed for 7 straight
days and 6 nights.
The lens material uses a breakthrough substance that is porous
to oxygen with a higher content of water. This yields a better
experience for the lens user. The Aquaform knowhow from Cooper
permits less silicone to be used in building the lens which
permits greater permeability to oxygen. It also retains more
water in the lens resulting in greater comfort and lower
The Biofinity set of products from Cooper includes Biofinity
toric, Biofinity multifocal and Biofinity sphere. As per the
company, 80% of contact lens users prefer the comfort of
Biofinity toric lenses after about a month of
The outlook for the contact lens industry is favorable. Trade
up to value added lenses, such as silicone hydrogel or one-day
lenses, constitutes a major avenue for growth. A trade up to
1-day disposable lenses sharply increases per user sales and
profit. Cooper continues to grow sales at higher than market
Cooper is a leader in the high-margin toric lens market. It
offers multiple designs of toric lenses across a wide range of
parameters, unlike some of its competitors, who offer toric
lenses in a limited number of designs.
However, Cooper faces formidable competition in each of its
major product lines. Competition comes from well established
global contact lens makers. Depressed levels of consumer spending
have heightened the company's competitive pressures.
The stock currently carries a Zacks Rank #2 (Buy). We are also
Align Technology Inc.
) each of which carries a Zacks Rank #2 (Buy) and are
expected to do well.
ALIGN TECH INC (ALGN): Free Stock Analysis
CONMED CORP (CNMD): Free Stock Analysis
COOPER COS (COO): Free Stock Analysis Report
STERIS CORP (STE): Free Stock Analysis Report
To read this article on Zacks.com click here.