Global Contact Lenses & Intraocular Lenses Market Assessment & Forecast 2015 - 2019

Published: February 2016

Global Contact Lenses & Intraocular Lenses

Market Assessment & Forecast:

2015-2019

Segments Assessed:

Contact Lenses Segments – {Material Characteristics – Rigid Gas

Permeable, Soft (hydrophilic, hydrogel), Hybrid}, {Optical Design –

Spherical, Toric, Multi-Focal, Ortho-K, Others (Custom & Cosmetic)

Intraocular Lenses Segments by Optical Design – Spherical, Toric,

Accommodating, Multi-Focal and Phakic

Applications Segments: Vision Correction, Aesthetics & Cosmetics, Ocular

& Corneal Protection, Drug Delivery

Geographies Assessed: North America, Europe, Asia-Pacific, Latin

America, Middle-East and Africa.

Global Contact Lenses & Intraocular Lenses Market Assessment & Forecast, (2015-2019)

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About Us

Spearhead Acuity Business Research & Consulting (SA-BRC) Private Limited (OPC) is a premium Life

Science business intelligence and data analytics firm. The SA-BRC team offers a wide range of

business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service

Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all

other individuals in the entire value chain of healthcare industry. Our research and consulting

capabilities extend across several sub-domains within the sphere of Life Sciences such as

Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and

Pharmaceuticals.

Our skills and capabilities help in putting forth the most accurate perspective of the market. We track

all major and minor events that create ripples and affect the life-science market in different ways.

Our data modeling process includes the evaluation of impacting events and analyzing other

invaluable sources (public & proprietary) of information and finally reporting results that will

influence the decision making of the readers.

SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals

strategically in multiple stages such as adoption, pre-launch research, regional analysis, social media

analytics, competitive mapping, market entry and post marketing surveillance. We frequently build

panels of experts for gathering data and invite participants of the healthcare industry to share their

opinions and views on our reports. Our current network of industry experts span across all major

life-science domains and take pride in keeping ourselves abreast with the latest happenings within

the sphere of Life-Science.

Report:

GLOBAL NON-VASCULAR

STENTS MARKET

2013-2019


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Table of Content

Chapter 1 Preface 8

1.1 Research Scope 8

1.1.1 Market Segmentation 9

1.1.2 Postulations 10

1.2 Methodology of Research 11

1.2.1 Companies covered in this report 12

Chapter 2 Précis 13

2.1 Market Inferences 13

Chapter 3 Market Dynamics 15

3.1 Market Drivers 15

3.1.1 High incidence of refractive disorders among all age groups 15

3.1.2 Aging population, greater adoption of digital readers and electronics leading to rising incidence of refractive disorders 15

3.1.3 High comorbidity of ocular disorders due to rising number of diabetics 16

3.1.4 Better advantages compared to wearing glasses continues to drive growth among younger generations 16

3.2 Market Inhibitors 17

3.2.1 Substitute permanent treatments such as LASIK being preferred in growing numbers 17

3.2.2 Reimbursement cuts for ophthalmic surgeries increase challenges 17

3.3 Opportunities 17

3.3.1 Premium IOLs, Cosmetic and Aesthetic Lenses 17

Chapter 4 Contact Lenses – Global Market Size Assessment, Forecast:

2015 - 2019 18

4.1 Global Contact Lenses Market, by Material Characteristics, US$ Mn

(2013 - 2019) 18

4.1.1 Global Rigid Gas Permeable Lenses Market, US$ Mn (2013 - 2019) 19

4.1.2 Global Soft (Hydrophilic/Hydrogel) Lenses Market, US$ Mn (2013 - 2019) 20

4.1.3 Global Hybrid Lenses Market, US$ Mn (2013 - 2019) 20

4.2 Global Contact Lenses Market, by Optical Design, US$ Mn (2013 - 2019) 21

4.2.1 Global Spherical Contact Lenses Market, US$ Mn (2013 - 2019) 22

4.2.2 Global Toric Contact Lenses Market, US$ Mn (2013 - 2019) 23

4.2.3 Global Multi-Focal Contact Lenses Market, US$ Mn (2013 - 2019) 24

4.2.4 Global Ortho-K Contact Lenses Market, US$ Mn (2013 - 2019) 25

4.2.5 Global Other Contact Lenses Market, US$ Mn (2013 - 2019) 26

Chapter 5 Intraocular Lenses – Global Market Size Assessment, by

Optical Design, Forecast: 2015 – 2019 28


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5.1 Introduction 28

5.2 Global Spherical Intraocular Lenses Market, US$ Mn (2013 - 2019) 29

5.3 Global Toric Intraocular Lenses Market, US$ Mn (2013 - 2019) 30

5.4 Global Accommodating Intraocular Lenses Market, US$ Mn (2013 - 2019) 31

5.5 Global Multi-Focal Intraocular Lenses Market, US$ Mn (2013 - 2019) 32

5.6 Global Phakic Intraocular Lenses Market, US$ Mn (2013 - 2019) 33

Chapter 6 Contact & Intraocular Lenses - Global Market Size

Assessment, by Applications, Forecast: 2015 – 2019 34

6.1 Introduction 34

6.2 Global Contact & Intraocular Lenses Market, for Vision Correction, US$ Mn (2013 - 2019) 35

6.3 Global Contact & Intraocular Lenses Market, for Aesthetics & Cosmetics, US$ Mn (2013 - 2019) 36

6.4 Global Contact & Intraocular Lenses Market, for Ocular & Corneal

Protection, US$ Mn (2013 - 2019) 37

6.5 Global Contact & Intraocular Lenses Market, for Other Applications, US$ Mn (2013 - 2019) 38

Chapter 7 Contact & Intraocular Lenses - Global Market Size

Assessment, by Geography, Forecast: 2015 – 2019 40

7.1 Introduction 40

7.2 North America Contact & Intraocular Lenses Market, US$ Mn (2013 -

2019) 41

7.3 Europe Contact & Intraocular Lenses Market, US$ Mn (2013 - 2019) 43

7.4 Asia-Pacific Contact & Intraocular Lenses Market, US$ Mn (2013 - 2019) 44

7.5 Latin America Contact & Intraocular Lenses Market, US$ Mn (2013 - 2019) 46

7.6 Middle-East Contact & Intraocular Lenses Market, US$ Mn (2013 - 2019) 47

7.7 Africa Contact & Intraocular Lenses Market, US$ Mn (2013 - 2019) 49

Chapter 8 Key Players Analysis: Contact & Intraocular Lens Market,

2014 (%) 51

8.1 Key Players Market Share: Contact & Intraocular Lens Market, 2014

(%) 51

8.2 Competitive Landscape: Recommendations & Strategies 53

8.3 Global Contact & Intraocular Lens Market: Recent Developments 2013-2015 54

8.3.1 Mergers and Acquisitions 54


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8.3.2 Joint Ventures, Expansion and Collaborations 55

8.3.3 New Product Launches, Approvals and Recalls 55

Chapter 9 Epilogue 57


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List of Figures

FIG. 1 Market Segmentation: Global Contact & Intraocular Lenses Market 9

FIG. 2 Research Methodology: Global Contact & Intraocular Lenses Market Assessment 11

FIG. 3 Global Contact Lenses Market – Value (% Share) Comparison, by Geography (2014) 14

FIG. 4 Global Intraocular Lenses Market – Value (% Share) Comparison, by Geography (2014) 14

FIG. 5 Causes of Vision Impairment – 2014 Global Analysis (% Share by Conditions) 15

FIG. 6 Contact Lenses – Global Market Share, by Material Characteristics 2014 & 2019 (% Share - US$ Million) 18

FIG. 7 Global Rigid Gas Permeable Contact Lenses Market, 2013 – 2019 (US$ Million) 19

FIG. 8 Global Soft (Hydrophilic/Hydrogel) Lenses Market, 2013 – 2019 (US$ Million) 20

FIG. 9 Global Hybrid Lenses Market, 2013 – 2019 (US$ Million) 21

FIG. 10 Contact Lenses – Global Market Share, by Material Characteristics 2014 & 2019 (% Share - US$ Million) 22

FIG. 11 Global Spherical Contact Lenses Market, 2013 – 2019 (US$ Million) 23

FIG. 12 Global Toric Contact Lenses Market, 2013 – 2019 (US$ Million) 24

FIG. 13 Global Multi-Focal Contact Lenses Market, 2013 – 2019 (US$ Million) 25

FIG. 14 Global Ortho-K Contact Lenses Market, 2013 – 2019 (US$ Million) 26

FIG. 15 Global Other Contact Lenses Market, 2013 – 2019 (US$ Million) 27

FIG. 16 Intraocular Lenses – Global Market Share, by Optical Design 2014 & 2019 (% Share - US$ Million) 28

FIG. 17 Global Spherical Intraocular Lenses Market, 2013 – 2019 (US$ Million) 29

FIG. 18 Global Toric Intraocular Lenses Market, 2013 – 2019 (US$ Million) 30

FIG. 19 Global Accommodating Intraocular Lenses Market, 2013 – 2019 (US$ Million) 31

FIG. 20 Global Multi-Focal Intraocular Lenses Market, 2013 – 2019 (US$ Million) 32

FIG. 21 Global Phakic Intraocular Lenses Market, 2013 – 2019 (US$ Million) 33

FIG. 22 Contact & Intraocular Lenses – Global Market Share, by Application 2014 & 2019 (% Share - US$ Million) 34

FIG. 23 Global Contact & Intraocular Lenses Market, for Vision Correction, 2013 – 2019 (US$ Million) 35

FIG. 24 Global Contact & Intraocular Lenses Market, for Aesthetics & Cosmetics, 2013 – 2019 (US$ Million) 36

FIG. 25 Global Contact & Intraocular Lenses Market, for Ocular & Corneal Protection, 2013 – 2019 (US$ Million) 37

FIG. 26 Global Contact & Intraocular Lenses Market, for Other Applications, 2013 – 2019 (US$ Million) 38

FIG. 27 Key Players Market Share: Global Contact Lens Market, 2014 (%) 51

FIG. 28 Key Players Market Share: Global Intraocular Lens Market, 2014 (%) 52


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List of Tables

TABLE 1 List of companies covered in this report 12

TABLE 2 Global Contact Lens Market, by Geography, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 40

TABLE 3 Global Intraocular Lens Market, by Geography, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 41

TABLE 4 North America Contact Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 42

TABLE 5 North America Intraocular Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 42

TABLE 6 Europe Contact Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 43

TABLE 7 Europe Intraocular Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 44

TABLE 8 Asia-Pacific Contact Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 45

TABLE 9 Asia-Pacific Intraocular Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 45

TABLE 10 Latin America Contact Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 46

TABLE 11 Latin America Intraocular Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 47

TABLE 12 Middle-East Contact Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 48

TABLE 13 Middle-East Intraocular Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 48

TABLE 14 Africa Contact Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 49

TABLE 15 Africa Intraocular Lens Market, by Optical Design, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 49


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Chapter 1 Preface

1.1 Research Scope

Chapter Number Segment Description

Chapter 1:

Preface

Research Scope

The preface provides a brief overview of the contents of

the research report. The overview is further

supplemented by a graphical representation of the

market segments analyzed in the report. This is followed

by the postulations or assumptions considered for

analysis of different market segments.

Research Methodology

Provides the methodology adopted by SA-BRC while

estimating the current and future market in terms of

value.

Chapter 2:

Précis Inferences & Summary

The chapter lists down key (quantitative and qualitative)

highlights and takeaways of the market as reported in

the study.

Chapter 3:

Market Dynamics

Drivers, Inhibitors &

Opportunities

Explains the foremost factors that are affecting the

growth (positively and negatively) of the Contact &

Intraocular Lenses Market.

Chapter 4:

Global Contact Lenses

Market Size & Forecast

Market Estimations for

Contact Lenses by

Material Characteristics

Segments Included: Rigid Gas Permeable, Soft Lens

(Hydrophilic Hydrogel), Hybrid. Estimates market value

with 2013 & 2014 as historical years and forecast of

2015-2019.


Contact Lenses by Design

Segments Included: Spherical, Toric, Multi-Focal, Ortho-

K, Others (custom & cosmetic). Estimates market value

with 2013 & 2014 as historical years and forecast of

2015-2019.

Chapter 5: Global

Intraocular Lenses

Market Size & Forecast

by Optical Design


Intraocular Lenses by

Design

Segments Included: Spherical, Toric, Accomodating,

Multi-Focal. Estimates market value with 2013 & 2014

as historical years and forecast of 2015-2019.

Chapter 6: Global

Contact & Intraocular

Lenses Market Size &

Forecast by Application



Lenses by Applications

Segments Included: Vision Correction, Aesthetics &

Cosmetics, Ocular & Corneal Protection, Drug Delivery.

Estimates market value with 2013 & 2014 as historical

years and forecast of 2015-2019.

Chapter 7: Global Regional Analysis of Provides estimates by value for 6 geographies of North


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Lenses Market Size &

Forecast by Geography

various Contact &

Intraocular Lenses

America, Europe, Asia-Pacific, Latin America, Middle-

East and Africa. Estimates market value by lens design

for contact and intraocular lenses with 2013 & 2014 as

historical years and forecast of 2015-2019.

Chapter 8:

Key Players Market

Analysis

Recent Developments &

Competitive Strategies

and Market Share by

Company

Elaborates recent developments for the years 2013,

2014 & 2015 and major competitive strategies adopted

by companies in this area based on events for past 3

years.

Chapter 9:

Epilogue

Postscript Qualitative

Overview

Provides postscript content to the report and includes an

informal perspective on the market with the best

possible outcome by the end of forecast period.

1.1.1 Market Segmentation

FIG. 1 Market Segmentation: Global Contact & Intraocular Lenses Market

Source: SA-BRC Analysis

Global Contact & Intraocular Lenses Market Assessment: Forecast 2015 - 2019

Contact Lens Market

Demography

Optical DesignNorth

America

Europe

Asia-Pacific

Latin America

Middle-East

AfricaMaterial Characteristics

Applications

Vision Correction

Aesthetics & Cosmetics

Ocular & Corneal Protection

Others (Drug Delivery, Diagnostic Monitoring)

Spherical

Others

Toric

Multi-Focal

Ortho-K

Rigid Gas Permeable

Soft Lens (Hydrogel, Silicone Hydrogel)

Hybrid

Intraocular Lenses Market

Spherical

Toric

Accommodating

Multi-Focal

Phakic


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1.1.2 Postulations

This section covers assumptions and postulations or hypotheses considered during the research of

the market. The assumptions considered for estimating the complete forecast of the Global Contact &

Intraocular Lenses Market have been detailed below:

The report assumes that no major economic depression or surge occurs during the forecast

period. These extreme variations may take place due to environmental challenges, global

economic cues, wars and other factors.

For market share analysis, revenues of privately held companies has been estimated using

various sources such as Factiva, Hoovers, One Source along with other proprietary data

sources and internal grading.

The analysis assumes aesthetic & cosmetic lenses to be those differing primarily in color and

design such as larger iris size. Although several research papers and other methodologies

consider wearing regular contacts as aesthetics itself while comparing with regular glasses

and spectacles.


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1.2 Methodology of Research

FIG. 2 Research Methodology: Global Contact & Intraocular Lenses Market Assessment

Source: SA-BRC Analysis. **Websites mentioned in the above representation are few examples from our exhaustive list of references that

cannot be compiled in entirety

Quantitative

Research

Qualitative

Research

Primary Research Secondary/Desk Research

Online-web (CATI/CAWI/CAPI)

Telephonic and video conference

Interviewee Location: Multiple

respondents from each of 6 geographies

Interviewee Field Exp.: All Interviewees

were c-level, d-level, VP level and senior

management

Target Information: validation of

secondary findings; cross-verification of

other primary interviews

Organization – Hospital Purchase Dept,

Pharmacies and GPO’s across 6 regions

Proprietary third party databases

In-house data repository

Company sites

Annual Reports/ SEC Filings

Investor presentations

Equity & Stock

(Seeking Alpha, Zacks, Motley Fool,

Forbes etc.)

Primary Research Secondary/Desk Research

Online forums/blogs

Online communities/Patient Advocacy

Groups

Online chat with KOLs/experts

Focused Group Discussions

Target Information: Insights on market

trends, market impact factors, marketing

and awareness programs etc.

Fierce Medical Device

MDDI Online

Eurotimes

European Federation for the Contact Lens

Industry EFCLIN

Optometry Times

Association of Contact Lens

Manufacturers

Contact Lens Association of

Ophthalmologists

Contact Lens Spectrum & PentaVision

Data triangulation was done for the information (quantitative/qualitative) collected through

primary and secondary sources. Analysis also included evaluation of all major macro and

microeconomic factors.

Post data triangulation process, the summary of our study was shared with KOLs and industry

experts to suggest further insights to our analysis as well as validate the overall Contact &

Intraocular Lenses Market.

Key Findings

Market Forecast

Insight Generation

Spearhead-Acuity Team


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1.2.1 Companies covered in this report

TABLE 1 List of companies covered in this report

S. No Company Name S. No Company Name

1 Bausch + Lomb, Paragon Vision Sciences

(Valeant Pharma) 2 All Pro Intraocular Lens Co. Ltd

3 Johnson & Johnson 4 Alcon (Novartis)

5 Cooper Companies 6 ClarVista

7 Innovega 8 Calhoun Vision

9 Staar Surgical 10 Aurolab

11 Zeiss (Wohlk Contactlinsen) 12 Eagle Optics

13 Rayner 14 Conforma

15 EyeKon 16 Appasamy Associates

17 USIOL 18 Hoya Corporation

19 Morcher GmbH 20 Nidek

21 Mediphacos 22 CROMA-PHARMA GmbH

23 VSY Biotechnology 24 OPHTEC BV

25 OcuLentis GmbH 26 Menicon Group

27 Accu-Lens Inc 28 GelFlex

29 Scotlens 30 InnoVision

32 Cantor-Nissel 33

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis


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Chapter 2 Précis

2.1 Market Inferences

Key Highlights and Insights to the Global Contact & Intraocular Lenses Market:

The Global Contact & Intraocular Lenses market was valued at US$ 13,326.3 million in 2014

and expected to grow to US$ 20,050.9 million by 2019 at a CAGR of 8.4% from 2015 to

2019.

The Global Contact Lenses Market was valued at US$ XXX million in 2014 and is expected to

grow to US$ XXX million by 2019 at a CAGR of XXX% from 2015 to 2019.

The Global Intraocular Lenses Market was valued at US$ XXX million in 2014 and is

expected to grow to US$ XXX million by 2019 at a CAGR of XXX% from 2015 to 2019.

North America continues to lead in both market segments with a share of XXX% in Contact

Lenses and XXX% in Intraocular Lenses market for 2014. Translated into revenues, the

region contributed to contact lenses sales of US$ XXX million and IOL sales worth US$ XXX

million in 2014.

Soft Contact Lenses (Hydrogel, Silicone Hydrogel and Others) continue to grow the

strongest. In 2014 the market was controlled by Soft Lenses with a share of XXX% which

translated into revenues of US$ XXX million and is forecast to grow to US$ XXX million by

2019 at a CAGR of XXX%.

In terms of duration of wear or frequency of replacement, the contact lenses market was led

by Monthly wear (XXX%) followed by Weekly/BiWeekly wear (XXX%). That being said, Daily

Wear lenses were the fastest growing segment anticipated to grow at a CAGR of XXX%

between 2015 and 2019.

For both contact & IOL lenses, the greatest demand in terms of optical design remained with

spherical lenses with revenue share of XXX% and XXX% respectively. Thus spherical lenses

accounted for the largest portion of revenues generated among other categories of optical

designs such as (Toric, Multi-Focal, Plano-Cosmetic and Ortho-K) and (Accommodating,

Multi-Focal, Phakic and Toric).

Market in terms of key players is fragmented for IOLs market and consolidated for contact

lenses market. Key players in IOL market were Alcon (XXX%), Abbott Laboratories (19.3%),

Zeiss (XXX%) and Bausch + Lomb (XXX%). Other notable players included Rayner, STAAR

Surgical and Morcher GmbH.


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FIG. 3 Global Contact Lenses Market – Value (% Share) Comparison, by Geography (2014)


North American region comprises the United States and Canada. Both countries accounted for the

largest sales of contacts and IOL implantations in 2014. The North American market is anticipated to

continue leading in terms of value due to easy availability, higher awareness, greater number of

ophthalmologists and optometrists per 1000 people as compared to other regions of the world.

FIG. 4 Global Intraocular Lenses Market – Value (% Share) Comparison, by Geography (2014)



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analyzed and cross validated through Key Opinion Leaders (KOLs) in the industry; neither the

company nor authors provide any kind of warranty about the content – both qualitative and

quantitative.

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Global Contact Lenses & Intraocular Lenses Market Assessment & Forecast 2015 - 2019

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Transcript of Global Contact Lenses & Intraocular Lenses Market Assessment & Forecast 2015 - 2019