Single Use contact lens research report

Report
Worldwide Trends
2012
Single Use Contact Lens Market
Current and Historical Trends of the
Market
•
A contact lens, or simply contact, is a lens
placed on the eye.
•
The purpose of this medical device is to
correct a number of vision impairments, as
well as for cosmetic or therapeutic use.
•
2004- estimated 125 million people,
roughly 2%, used contact lenses
worldwide, including 28 to 38 million in the
United States.
•
2010- Worldwide contact lens market was
estimated at $6.1 billion, while the U.S.
soft lens market is estimated at $2.1
billion.
•
It is estimated that the global market will
reach $11.7 billion by 2015.
•
As of 2010, the average age of contact lens
wearers globally was 31 years old and two
thirds of wearers were female.
Current and Historical Trends of the
Market
• Currently, roughly 40 million Americans wear contact lenses
• Subsequently a recent worldwide study indicated use of extended wear
contact lenses that are worn continuously for several days remains low.
• In a report published in Optometry and Vision Science,* researchers in
Australia evaluated contact lens fittings performed in 39 countries over a
14-year period (1997 through 2010). The study data suggest use of
extended wear (EW) lenses peaked in 2006, when approximately 12
percent of all contact lens fittings performed in the countries surveyed
were for extended wear.
• 2010- worldwide use of EW lenses accounted for just 7.8 percent of
contact lens prescriptions, with usage being highest in Norway (27
percent). Approximately 10 percent of contact lenses worn in the United
States in 2010 were extended wear lenses.
Current and Historical Trends of the
Market
• People using extended wear contact lenses also purchase contact lens
solutions, suggesting that many wearers might be removing their lenses
occasionally and sleeping without them on rather than wearing them on a
continuous basis for the lifetime of the lenses, which typically is 1-2
weeks or monthly.
• 72 percent of extended wear lenses were silicone hydrogel contact lenses,
which allow significantly more oxygen to reach the front surface of the
eye than regular soft (hydrogel) lenses and therefore are considered by
many eye care professionals to be safer for continuous wear.
• Risk of eye infections remains significantly higher when contact lenses
are worn overnight compared with when lenses are worn on a daily wear
basis (removed before sleep), and that extended wear lenses are
unlikely to gain mainstream use until “the already low risk of ocular
complications (from EW) can be reduced to be equivalent to that of
(daily wear).”
Current and Historical Trends of the
Market
•
This graph indicates the percentage
of extended wear (EW) lenses based
on prescriptions to eye patients.
•
This chart, along with the
findings entailed in the
previous study, emphasizes
the growing need of single
use disposable contact
lenses.
Top manufacturers in the single use
contact lens market
• Each major US contact lens manufacturers offers a daily
disposable contact.
• Johnson and Johnson- First mover of single use contact lens with
the Acuvue 1-day
• Ciba- second mover of single use contact lens with the Focus
Dailies
• Bausch & Lomb- third mover of single use contact lens with the
Soflens One-Day.
• In Europe and Asia, Daily Disposables are one of, if not the
leading modality for contact lens wear, but in the US, daily
disposables have captured only about 5% of the contact lens
market. The primary reason is cost - to wear daily-disposable
contact lenses full-time, you need about 360 pairs a year.
• These lenses cost less on a unit basis than conventional lenses,
but the total costs of use is roughly $600 to $700 per year for the
average consumer through doctor office visits.
• This means that many consumers will shift from purchasing
contact lens devices from doctor’s offices to online purchases and
various third party authorized retailers.
Top manufacturers in the single use
contact lens market
• Key players in the disposable
contact lens market:
• Abbott Medical Optics, Inc.
• Alcon Inc.
• Bausch & Lomb
• CIBA Vision Corporation
• Contact Lens Portfolio
• Lens Care Portfolio
• CooperVision, Inc.
• Vistakon (Johnson and
Johnson)
Top manufacturers in the single use
contact lens market
The chart displays the percent
market share per single use
contact lens manufacturer
Single Use Contact Lens Market
Innovations
• March 2012- Vistakon, a division of Johnson & Johnson
Vision Care, recently announced the U.S. launch of 1Day Acuvue Moist Contact Lenses for Astigmatism.
• The new lens is a daily disposable soft toric contact
lens made with Lacreon Technology. The technology
embeds a water-holding ingredient in the lens surface
to create a cushion of moisture, according to the
company.
• 1-Day Acuvue Moist for Astigmatism lenses also
feature a special Blink Stabilized Design to help the
lens stay aligned in front of the eye, providing
consistently clear vision for patients with astigmatism.
Innovations
• April 2012-Avaira Toric contact lenses for
astigmatism received Special 501(k) clearance
from the Food and Drug Administration (FDA)
and was re-launch in early May of 2012.
• The FDA clearance follows last year’s recall of
certain lots of Avaira Toric two-week silicone
hydrogel contact lenses due to silicone oil
residue found on some lenses.
• Manufactured by CooperVision, the contact
lenses feature Aquaform Comfort Science
Technology that allows the lenses to stay
moist and transmit high levels of oxygen.
Innovation
• The “Smart Contact Lens”- ability to monitor whole
health through lens packed with circuits, sensors
and wireless technology.
• Slow release capabilities of medication for certain
eye conditions
•
•
Monitors the following•
Cholesterol
•
sodium
•
potassium
•
glucose
•
Development of Glaucoma
Though much conversation is available, the actual release of
such “smart contact lens” is still in the making.

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