In the US contact lens market, upgrade is the word of the moment. In the past six months, 36% of contact lens users who switched brands moved to higher-priced products, usually from Weekly/Monthly to Daily lenses, or from “traditional” models to those made of higher-quality materials.
GfK Fits data from independent optics shops and chains in the US show that Daily disposable lenses continue to post double-digit annual growth after roughly 20 years on the market. In 2015, Daily lens sales have already risen 23%, while Monthly sales grew by 7% and Weekly dropped 6%.
A number of factors have contributed to these million-dollar marketplace shifts:
GfK’s data shows strong growth among several new Daily lens styles in 2015:
“We have seen no shortage of experimentation in the contact lens market, and consumers are responding,” said Sonia Martins, Business Group Director (Optics) on GfK’s POS Tracking team. “With manufacturers emphasizing annual supplies, mapped pricing, and specialty segments, the industry has recorded tremendous growth in key categories. This seems like a recipe for continued success, helping lens buyers make healthier choices for themselves and more profitable ones for retailers and producers.”
Please contact marketing(at)gfk.com for more information.
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