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.

Published: February 2016

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

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
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Our skills and capabilities help in putting forth the most accurate perspective of the market. We track
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SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals
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Global Contact Lenses & Intraocular Lenses Market Assessment & Forecast, (2015-2019)

Table of Content
Chapter 1 Preface
1.1 Research Scope

8
8

1.1.1 Market Segmentation

1.1.2 Postulations

10

1.2 Methodology of Research

1.2.1 Companies covered in this report

Chapter 2 Prcis
2.1 Market Inferences

Chapter 3 Market Dynamics

3.1 Market Drivers

11
12

13
13

15
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
3.3.1 Premium IOLs, Cosmetic and Aesthetic Lenses

Chapter 4 Contact Lenses Global Market Size Assessment, Forecast:

2015 - 2019
4.1 Global Contact Lenses Market, by Material Characteristics, US$ Mn
(2013 - 2019)

17
17

18
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

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

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

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

8.3.2 Joint Ventures, Expansion and Collaborations

55

8.3.3 New Product Launches, Approvals and Recalls

55

Chapter 9 Epilogue

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

List of Figures
FIG. 1

Market Segmentation: Global Contact & Intraocular Lenses Market

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 (%)

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

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

Chapter 1

Preface

1.1 Research Scope

Chapter Number

Segment

Description
The preface provides a brief overview of the contents of
the

research

report.

The

overview

is

further

supplemented by a graphical representation of the

Research Scope

market segments analyzed in the report. This is followed

Chapter 1:

by the postulations or assumptions considered for

Preface

analysis of different market segments.

Provides the methodology adopted by SA-BRC while
Research Methodology

estimating the current and future market in terms of

value.

Chapter 2:
Prcis

The chapter lists down key (quantitative and qualitative)

Inferences & Summary

the study.

Chapter 3:

Drivers,

Market Dynamics

Opportunities

Chapter 4:

highlights and takeaways of the market as reported in

Inhibitors

&

Explains the foremost factors that are affecting the

growth (positively and negatively) of the Contact &
Intraocular Lenses Market.

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.

Global Contact Lenses

Market Size & Forecast

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

for

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

Contact Lenses by Design

Estimations

with 2013 & 2014 as historical years and forecast of

2015-2019.

Chapter 5: Global
Intraocular Lenses
Market Size & Forecast
by Optical Design
Chapter 6: Global
Contact & Intraocular
Lenses Market Size &
Forecast by Application
Chapter 7: Global

Market

Estimations

Intraocular

Lenses

for

Segments Included: Spherical, Toric, Accomodating,

by

Multi-Focal. Estimates market value with 2013 & 2014

Design

Market
Contact

as historical years and forecast of 2015-2019.

Estimations
&

for

Intraocular

Lenses by Applications

Regional

Analysis

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.

of

Provides estimates by value for 6 geographies of North

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

Contact & Intraocular

various

Lenses Market Size &

Intraocular Lenses

Contact

&

East and Africa. Estimates market value by lens design

for contact and intraocular lenses with 2013 & 2014 as

Forecast by Geography

historical years and forecast of 2015-2019.

Recent

Chapter 8:

Developments

Competitive

Key Players Market

and

Analysis

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

Market

&

Elaborates recent developments for the years 2013,

Strategies

2014 & 2015 and major competitive strategies adopted

Share

by

Company

Chapter 9:

Postscript

Epilogue

Overview

by companies in this area based on events for past 3

years.

Qualitative

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

Global Contact & Intraocular Lenses Market

Assessment: Forecast 2015 - 2019
Contact Lens
Market

Intraocular
Lenses Market

Optical Design
Spherical
Toric

Others

Material
Characteristics

Demography

Spherical

Vision Correction

North
America

Toric

Aesthetics & Cosmetics

Europe

Accommodating

Ocular & Corneal

Protection

Asia-Pacific

Multi-Focal

Others (Drug Delivery,

Diagnostic Monitoring)

Latin America

Multi-Focal
Ortho-K

Applications

Phakic

Middle-East
Africa

Rigid Gas Permeable

Soft Lens (Hydrogel,
Silicone Hydrogel)
Hybrid

Source: SA-BRC Analysis

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

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

1.2 Methodology of Research

FIG. 2

Research Methodology: Global Contact & Intraocular Lenses Market Assessment

Primary Research

Quantitative

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 GPOs across 6 regions

Secondary/Desk Research

Primary Research

Qualitative
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.

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.)

Secondary/Desk Research

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

Spearhead-Acuity Team

Key Findings
Market Forecast

Insight Generation

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.

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

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

1.2.1 Companies covered in this report

TABLE 1 List of companies covered in this report
S. No
1

Company Name
Bausch + Lomb, Paragon Vision Sciences
(Valeant Pharma)

S. No

Company Name

All Pro Intraocular Lens Co. Ltd

Johnson & Johnson

Alcon (Novartis)

Cooper Companies

ClarVista

Innovega

Calhoun Vision

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

Chapter 2

Prcis

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.

13

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

FIG. 3

Global Contact Lenses Market Value (% Share) Comparison, by Geography (2014)

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

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)

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

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

Disclaimer:

Spearhead Acuity Business Research & Consulting Private Limited (OPC) is an informative Market
Research Company with the sole intention of sharing market related insights. The information
provided in our research reports or on sa-brc.com though collected through authentic sources,
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.

Contact
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United States
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Website: www.sa-brc.com

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