state of the eyewear industry in 2015

TRENDS AND INSIGHTS IN THE GLOBAL EYEWEAR MARKET2014

POWERED BY PASSPORT FROM EUROMONITOR INTERNATIONAL

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GLOBAL SNAPSHOT

CONTACT LENSES

SPECTACLES

PASSPORT: EYEWEAR DATA UPDATE FOR 2014

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Highlights for eyewear in 2014

Industry Snapshot

NEW INSIGHTS: GLOBAL SNAPSHOTS



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Typical year of mergers and acquisitions in eyewear (2013)


Jan 2013

Luxottica Group commenced a 10 year exclusive license agreement with Armani Group

Aug 2013

Valeant Pharamaceuticals acquired Bausch + Lomb

Nov 2013

Essilor acquired Costa Inc

In Feb 2014, Essilor acquired Coastal contacts.

Dec 2013

Marcolin acquired Viva International



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A new entrant in eyewear 2014


Jan 2014

GOOGLE teams up with vision care insurer VSP

Mar 2014

GOOGLE and Luxottica announce strategic partnership for Glass

Jul 2014

Alcon, Novartis entered an agreement with GOOGLE to license its ‘Smart Technology’ for ocular medical use


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Asia Pacific drives demand for cosmetic lenses

NEW INSIGHTS: CONTACT LENSES

Cosmetic Contact Lenses Retail value is estimated at USD 1.2 billion in 2014

North America

5%

Latin America

2%

West Europe

15%

East Europe

4%

Middle East &

AfricaNegligible

Asia Pacific

74%

AustralasiaNegligible

Note: * Cosmetic Lens refers to all contact lens that are tinted or coloured.



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Cosmetic Lens is further split into Circle Lenses and Non-Circle Lenses.

Circle contacts (or Big Eye Lens) have the color covering a majority of the contact, causing the color to go beyond the iris and manipulating the ratio between the iris and the eye. This gives the appearance of a larger Iris (the color around your eye).

Circle lenses drives cosmetic sales


Cosmetic Contact Lenses

~ USD 1.2 billion

Cosmetic – Circle

74%

Cosmetic – Non-Circle

26%

Top 5 Circle Lenses Countries in 2014

1 Japan

2 China

3 Taiwan

4 South Korea

5 Singapore



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MULTIFOCAL

Made with multiple prescriptions all in one lens. Usually for people with presbyopia.

Words associated with Multifocal include: Bifocal, Presbyopi and Progressive.

TORIC

Meant to correct astigmatism issues that arise from a different curvature of the cornea or lens in the eye.

Words associated with Toric include: Astigmatism.

SPHERICAL

Meant to correct myopia (nearsightedness) or hyperopia (farsightedness).

Spherical contact lenses can address mild astigmatism

Spherical, toric and multi-focal contact lenses definitions




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Weekly/monthly takes lead with countries spherical and toric in developed


0.0

2.0

4.0

6.0

8.0

0

5

10

WMD DD Extendedwear

Traditional

Fo

reca

st C

AG

R 2

01

4-2

01

9 (

%)

Reta

il V

alu

e S

ize

20

14

(i

n U

S$ b

illio

n)

Global Contact Lenses Retail Value Size vs Forecast CAGR

2014 Retail value size Forecast CAGR %

WMD – Weekly/Monthly Disposable Contact Lenses

DD – Daily Disposable Contact Lenses

78%

20%2%

Developed Countries

Weekly/Monthly Disposable Contact Lenses by Condition

(Developed vs Emerging Markets)

Emerging Countries

Spherical

Toric

Multifocal

99%

1%0


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Country and variant pricing differences

NEW INSIGHTS: SPECTACLES

RAY-BAN RB3025 62 AVIATOR

Normal Polarized

Geography Channel Name 1. Normal 2. Polarized 3. Difference

India Optical Goods Store $ 77.80 $ 121.41 $ 44

Turkey Optical Goods Store $ 121.18 $ 165.83 $ 45

US Departmental Stores $ 159.95 $ 199.25 $ 39

Italy Optical Goods Store $ 191.29 $ 260.10 $ 69

UAE Optical Goods Store $ 213.75 $ 268.21 $ 54

Singapore Departmental Stores $ 288.25 $ 352.49 $ 64

* Note that pricing data is based on a product found at a given outlet at point of data collection.

Pricing should NOT be read as an aggregate of the product of a given country.

Pricing in USD

Difference

between

lowest &

highest:

$210.45

(270%)



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Readymade reading glasses driven by a handful of countries


Readymade Reading Glasses

are largely driven by a

handful of countries (mostly

developed), with the top 5

nations contributing more

than half of global market

value.

Top 10 Market Size | Retail Value RSP | US$ mn | y-on-y exchange rate

51%



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Eye health indicators


Eye health indicators | Historic

1

2

3

Eye health indicators are displayed at country level only.


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state of the eyewear industry in 2015

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