View Report Details Global Eyewear Market ----------------------------------------------------2014
View Report Details Executive Summary The global eyewear market has been categorized into corrective lenses, contact lenses, sunglasses, frames and refractive surgical lenses. The eyewear market has been showing tremendous potential since past several years. The major factor driving this market is increasing usage and acceptance of eyewear products and prescription eyewear. With a large percentage of the population afflicted with conditions such as myopia, hyperopia, presbyopia, and astigmatism, the demand for corrective eyewear is on the rise. Due to lifestyle changes, which involve increasing formal employment and extensive usage of computers, the number of individuals using corrective eyewear is also increasing. The key factors which are anticipated to drive eyewear market growth include increased usage of silicon hydrogel, eyewear fashion and growing demand of kid’s sunglasses. The growth of the industry is hindered by sale of illegal novelty contact lenses, price differentiation between branded and unbranded frames and changing local conditions of various countries. The major factors which will contribute in the growth of the industry include growing ageing population since with age people get more eye problems, rising diabetic population, increasing urban population, and rapidly changing lifestyles. This report provides a comprehensive analysis of the global eyewear industry, along with an in-depth study of the regional markets including the US, China, Japan, Brazil, Mexico, Argentina and Taiwan. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. On the contention front, the global eyewear market is reined by few large players namely, Essilor, Luxottica, Carl Zeiss and Safilo Group. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Corrective lenses are glass or plastic lenses worn over, on, or in the eye to help the eye focus so a person can see clearly. •
In 2013, lenses and frames were the largest segments of the market with each accounting for …% of the total eyewear market. Sunglasses accounted for …% of the market. Contact lenses, which accounted for …% of the total market in 2013, gained user acceptance due to increased awareness and convenience of use.
•
The penetration rate of progressive lens was higher in countries like the US, France and New Zealand with …%, …%, and …%, respectively. However, in countries like Italy, the penetration rate of progressive lens was significantly lower (only …%). The higher penetration of progressive lens in the mentioned countries can be attributed to higher demand for progressive lenses in 2013.
•
The global contact lens market is divided into silicon hydrogel and hydrogel. The silicone hydrogel accounted for the larger share of …% followed by hydrogel with …% share. Silicone hydrogel contact lenses are advanced soft lenses. It allows more oxygen to pass through the lens to the cornea than regular soft lenses.
Global Eyewear Industry Revenues – Breakdown by Segments (2013)
Frames
Lenses
Contact Lenses
Sunglasses
OTC Readers
Penetration Rate of Progressive Lenses (2013)
China
Italy
WW
The US
France
Global Contact Lens Market Share by material (2013)
Silicone Hydrogel
Hydrogel
Some of the noteworthy developments of this industry include growing demand for kid’s sunglasses, increased usage of silicone hydrogel, varifocals to replace bifocal lenses among others. •
As of 2013, the urban population increased at a CAGR of …% over the period 2007-2013. The global urban population has increased from … billion in 2012 to …. billion in 2013.
•
Soft contact lenses are of mainly three types which include Spherical, Toric and Multifocal. A spherical contact lens bends light evenly in every direction (horizontally, vertically, etc.). They are typically used to correct myopia and hyperopia. This segment of the contact lens accounted for the largest share of …% of the total market in 2013. Toric contact lens, which accounted for …% share, has a different focusing power horizontally and vertically and as a result can correct for astigmatism. Multifocal lens accounted for ...% share.
•
In 2013, the major markets for soft contact lenses were Americas, EMEA and Asia Pacific. Americas accounted for …% of the total market in 2013. EMEA and Asia Pacific accounted for …% each.
Billion
Global Urban Population (2007-2013)
2009
2010
2011
2012
2013
Global Soft Contact Lens Sales by Category (2013)
Sphere
Toric
Multifocal
Global Soft Contact Lens Sales by Region (2013)
Americas
Asia-Pacific
EMEA
Another factor that plays an important role in the eyewear industry is the rapid increase in the ageing population. •
The number of people aged 60 years and above is expected to increase from … million in 2012 to … million in 2013, showing a growth of approximately …%. The same increased at a CAGR of … % for the period spanning 2005-2013.
•
Although traditional hydrogel materials still make up a substantial part of contact lens, it appears that silicone hydrogel lenses are being adopted at the expense of traditional hydrogel materials. However, the growth of the silicone hydrogel category slowed in 2011 in comparison with previous year growth. In 2013, …% of the soft lenses were made with a silicone hydrogel showing an incline from …% in 2012.
•
Johnson & Johnson (J&J) was the market leader in the global contact lens market in 2013. It accounted for …% share followed by Ciba with …% share. The other important players in the market were Cooper and Bausch & Lomb (B&L) with a market share of … % and …% respectively. It is expected that J&J will continue to rule the global contact lenses market in the years to come.
Millions
Global Ageing Population (2009-2013)
2009
2010
2011
2012
2013
Soft Contact Lenses by Material Types (2009-2013)
2009
2010
2011
Silicon Hydrogel
2012 Hydrogel
Global Contact Lens Market Share by Companies (2013)
2013
J&J
Ciba
Cooper
Bausch & Lomb
Others
The growth of respective industry is hindered by the barrier for sale of illegal novelty contact lenses.
Contact Lenses
2017E
2016E
2015E
2014E
2013
2012
2010
Japan
Asia-Pacific
EMEA
World
Americas
BRICs
China
2011
Global Contact Lens Market Forecast (2010-2017E)
Global Contact Lens Market Outlook by Region (2012-2016)
Annual Growth
The global contact lens market is expected to register a …% CAGR during 2012-16 with BRICs leading the market at …% CAGR during the same period. This will be driven by increasing penetration and consumer upgradation on the back of economic growth. Americas, EMEA and Asia Pacific are expected to register a CAGR of …%, …% and …% respectively.
The global contact lens market increased from US$... billion in 2012 to US$.... billion in 2013 showing a growth of …%. This growth is mainly driven by increasing ageing population, increasing income per capita, innovation of new products and increasing number of fashion accessories. As people wearing spectacles looks forward to an active retirement marked by high levels of physical activity, contact lenses will become an increasingly attractive option. In addition, continued technological advances that make wearing contact lenses easier, comfortable, and more affordable should also drive the market.
The increasing diabetic patients worldwide coupled with the increasing awareness amongst the people regarding health are expected to fuel up the global eyewear market in the coming years. As of 2013, the global diabetic population increased from … million in 2012 to … million showing an annual rise of …%. The same registered a CAGR of ….% for period spanning 2006-2013. IDF also estimated that this population might increase to … million in 2030.
Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
Contact Us:Details View Report These are abridged and sanitized sample pages from the comprehensive report on the “ Global Eyewear Market Report ”. To know more about this report or for any customized research requirement, please contact the following:
Koncept Analytics
Vikas Gupta BD Manager
CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com
www.konceptanalytics.com