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MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

F O R E C A S T & O P P O R T U N I T I E S

AUSTRALIA CONTACT LENS MARKET

2016 – 2026

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Scope of ReportProduct of Interest (POI): Contact Lens

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

A contact lens is a thin, curved lens placed on the film of tears that covers the surfaceof your eye. The lens itself is naturally clear but is often given the slightest tinge of colorto make them easier for wearers to handle. Today's contact lenses are either hard orsoft.

v

Market Segmentation

REGION

APPLICATION

• Corrective

• Therapeutic

• Cosmetic

• Others

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Western Australia

• Queensland

• Northern Territory & Southern Australia

MATERIAL TYPE

• Silicone hydrogel

• Hydrogel

• Gas permeable

• Others

DISTRIBUTION CHANNEL

• Retail Stores

• Hospitals & Clinics

• Online

DESIGN

• Spherical

• Toric

• Multifocal

• Others

WEAR TYPE

• Disposable

• Reusable

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T a b l e o f C o n t e n t s

Table of Contents

S. No. Contents Page No.

1. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.)

2.Research Methodology (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.)

3. Impact of COVID-19 on Australia Contact Lens Market

4. Executive Summary (This chapter covers summary of the complete study.)

5. Voice of Customer

6. Australia Contact Lens Market Outlook, 2016-2026F

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Material Type (Silicone hydrogel, Hydrogel, Gas permeable, Others)

6.2.2. By Design (Spherical, Toric, Multifocal, Others)

6.2.3. By Wear Type (Disposable v/s Reusable)

6.2.4. By Application (Corrective, Therapeutic, Cosmetic, Others)

6.2.5. By Distribution Channel (Retail Stores, Hospitals & Clinics, Online)

6.2.6. By Region

6.2.7. By Company (2020)

6.3. Product Market Map

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7. Australia Disposable Contact Lens Market Outlook, 2016-2026F


7.1.1. By Value


7.2.1. By Material Type

7.2.2. By Design

7.2.3. By Application

7.2.4. By Distribution Channel

8. Australia Reusable Contact Lens Market Outlook, 2016-2026F


8.1.1. By Value


8.2.1. By Material Type

8.2.2. By Design

8.2.3. By Application

8.2.4. By Distribution Channel

Table of Contents

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9. Market Dynamics (This chapter assesses the major demand drivers and restraints.)

9.1. Drivers

9.2. Challenges

10.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)

11. Policy & Regulatory Landscape

12. Import-Export Analysis

13. Australia Economic Profile

14. Competitive Landscape

14.1. Company Profiles (Top 10 Leading Companies)

14.1.1. Company Details

14.1.2. Products & Services

14.1.3. Financials (As Reported)

14.1.4. Key Market Focus & Geographical Presence

14.1.5. Recent Developments

14.1.6. Key Management Personnel

15. Strategic Recommendations

16. About Us & Disclaimer

Table of Contents

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in Australia contact lens

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about Australia contact lens

market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Australia contact lens market. The team has analyzed

the outlook of various segments of this market, while considering the major influencing factors such as contact lens. The study includes market

forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Australia contact

lens market.

Methodology Followed for Calculation of Market Size:

• Market Size By Value : Market size, in terms of value , for the year 2019 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as contact lens companies, distributors,

suppliers, industry experts, and other industry participants.

• The team interviewed more than 40 – 50 contact lens companies, 180 – 200 end users, and 15 – 20 industry experts and other value chain

stakeholders in Australia contact lens market to obtain the overall market size from 2016 to 2019, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-

2019.

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• Respondents were asked about the current and future market growth rates, market shares by material type, by design, by wear type, by

application, by distribution channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates

and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares

generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by material type, by design, by wear type, by application, by distribution channel, by region and by company were calculated

based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market

shares, trends and recent development in the Australia contact lens market. The final shares were calculated by taking the geometric mean

of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Australia

contact lens market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ CooperVision Australia

▪ SAS ONE PTY LTD.

▪ Johnson & Johnson Australia

▪ Alcon Laboratories (Australia) Pty Ltd.

▪ Capricornia Contact Lens Pty Ltd.

▪ Gelflex Australia

▪ Bausch & Lomb (Australia) Pty Ltd

▪ Menicon Australia Pty Ltd.

▪ ColourVUE Australia

▪ Contact Lens Centre Australia

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Reports

▪ Statista

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

Increase in spending for ophthalmic products and rising old age population is expected to drive the demand for Australia contact lens market in forecast period.

According to TechSci Research report, “Australia Contact Lens Market By Material Type (Silicone Hydrogel, Hydrogel, Gas permeable, Others) By Design(Spherical, Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By Application (Corrective, Therapeutic, Cosmetic, Others) By DistributionChannel (Retail Stores, Hospitals & Clinics, Online) By Company, By Region, Forecast & Opportunities, 2026”, The Australia contact lens market isexpected to witness steady growth in the next five years. Rise in preference for adoption of contact lenses as they provide more confidence to peoplerather than wearing heavy and thick eyeglasses. Consumption of omega-3 supplements on a daily basis improves the tear film present in eyelenses. Patients suffering from eye disorders who were not able to wear contact lenses for long duration can wear the contact lenses due to theirimproved daily routine. Introduction of better contact lenses products to increase the comfort and wearability of contact lenses by enhancing themoisture content present in contact lenses is further expected to accelerate the demand for contact lenses for the next five years. Contact lenses aredirectly placed upon the cornea thereby have wider visual access than the eyeglasses. Contact lenses reduce the glare reflections and image distortionswhich is expected to boost the product demand.Due to the ongoing pandemic COVID-19, lockdown restrictions were imposed all over the country. Complete shutdown was observed, and peoplestarted practicing social distancing and following the precautionary guidelines. Imposition of strict regulations and policies by leading authorities, whichled to huge losses of business industries. Also, the demand for contact lenses have gone down. Manufacturing units were shut down and loss ofavailability of skilled labors led to market decline. Number of units imported or exported to other countries also suffered huge loss. After the lifting oflockdown restrictions, the companies are again operational with lower production volume and the market is expected to pick up the pace eventually.Australia contact lens market is segmented into material type, design, wear type, application, distribution channel, regional distribution, and company.Based on design, market can be further divided into spherical, toric, multifocal, and others. The spherical segment is expected to hold large marketshare for the forecast period, 2022-2026. Increase in occurrence of myopia and high adoption rate of these lenses by optometrists and patientsSpherical contact lenses provides clear vision, improves contrast sensitivity, and reduces the blur which are the other contributing factors for highdemand of spherical contact lenses in Australia. Based on application, market can be divided into corrective, therapeutic, cosmetic, and others. Thecosmetic segment is expected to witness growth in the next five years due to high demand for enhanced aesthetic appeal of eyes. Based on wear type,market can be fragmented into disposable and reusable. The disposable segment is expected to dominate the contact lenses market for the forecastperiod as new set of contact lenses provide more comfort to the patient. These lenses are prescribed by eye care professionals as they are consideredthe safest option and disposable contact lenses prevent the problems relating to longer placement of lens over the eyes.CooperVision Australia, SAS ONE PTY LTD., Johnson & Johnson Australia, Alcon Laboratories (Australia) Pty Ltd., Capricornia Contact Lens Pty Ltd.,Gelflex Australia, Bausch & Lomb (Australia) Pty Ltd, Menicon Australia Pty Ltd., ColourVUE Australia, Contact Lens Centre Australia are the leadingplayers operating in Australia contact lens market. Manufacturers are increasingly focusing on research and development process to fuel higher growthin the market. To meet evolving customer demand with respect to better efficiency and durability, several contact lens manufacturers are coming upwith their technologically advanced offerings.“High-end investments by major market players for technological advancements of contact lenses to improve the eye health and comfort of patients isdriving the market growth. Incorporation of silicone in polymers used as materials to make contact lenses offers superior oxygen breathability as theycan afford oxygen ten times more oxygen to cornea than the previously used contact lenses is expected to boost the demand for contact lenses for theforecast period. Advances in re-wetting technology to increase the duration of wearing of contact lenses in a single go while performing visuallydemanding tasks is further expected to propel the growth of the eye lenses market until 2026” said Mr. Karan Chechi, Research Director with TechSciResearch, a global research-basedmanagement consulting firm.

https://www.techsciresearch.com/report/australia-contact-lens-market/7517.html

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

By Value (USD Million)

Australia Contact Lens Market Size, By Value, 2016–2026F (USD Million)

CAGR BY VALUE

XX%CAGR BY VALUE

YY%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

2016

2018

2020

2022F

2024F

2026F

Silicone hydrogel Hydrogel Gas permeable Others

Australia Disposable Contact Lens Market Share, By

Material Type, By Value, 2016–2026F

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

2 0 1 6

2 0 1 8

2 0 2 0

2022F

2024F

2026F

Spherical Toric Multifocal Others

Australia Disposable Contact Lens Market Share, By Design, By

Value, 2016–2026F

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

25%25%25%25%25%25%25%25%25%25%25%

2016

2018

2020

2022F

2024F

2026F

Corrective Therapeutic Cosmetic OthersAustralia Disposable Contact Lens Market Share, By Application, By Value, 2016–2026F

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FORECAST & OPPORTUNITIES 2016 – 2026

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number of areas to organizations. The company uses innovative Business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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