Market Trends and Their Impact on Contact Lens Practice
Monday 16 March 13:30 - 14:30
This session will reflect on the current state of the contact lens market, changes to relevant legislation and what is known about contact lens drop-outs and its impact on the business.
First, after reviewing the major changes in world contact lens markets over the past 20 years, the type of contact lenses prescribed in the Netherlands will be compared to other European and international markets. This will include the proportion of rigid lenses prescribed, the current situation with daily disposables, the increase in toric lens prescribing in recent years, the uptake of silicone hydrogels, the management of presbyopes with contact lenses and the number of extended wear lenses prescribed. In a number of areas, Dutch prescribing is unusual and in particular, we will explore the relatively high proportion of rigid lenses (including orthokeratology and scleral lenses) and low proportion of daily disposables which are prescribed.
The session will then showcase the work of EUROMCONTACT which works at EU level to promote the interest of the contact lens and lens care manufacturers in the development legislation, and educates its members and ECPs to help them transition from the Medical Devices Directive to the new Medical Device Regulation which comes into force in May 2020. The challenges of the new regulations to both manufacturers and ECPs will be discussed.
The state of the market will also be presented. For the most recent annual figures, the EU soft contact lens market value grew by 4,5% to € 1,831 billion. Daily disposables lenses grew by +6,0%, reusables declined by 1,2% conventional soft lenses declined by 10,5% and the lens care market decreased by 2,8%.
The session will also cover the issues which arise from drop-outs. Each year, millions of people are fitted with contact lenses for the first time, and millions also drop-out. This session will review what is known about the number of drop outs and consider how this problem can be minimised and, in turn, what this would mean for contact lens practices and the contact lens industry.