Domestic technical textiles Industry Segment-wise consumption of ...

Eyewear market (per annum) Around 3 crore pieces per annum
Eyewear users in SECs A & B Around 2 - 2.5 crore users
Penetration of contact lens in SEC A &
B market
5%
Contact lens market (per annum) Around 12 lakh users (1-1.2 million)
Expected growth rate 20% (slightly higher than growth-rate
of eye-wear market in India)
Source: Industry survey, Press reports, IMaCS Analysis
Almost 70% of contact lens users are using yearly disposable lenses while the remaining users rely on
monthly disposable lenses. The yearly contact lens costs Rs 1200 per pair on an average (though they
range from Rs 900 to Rs 9000 per pair). The monthly disposable lenses cost Rs 90 per lens (i.e. Rs
180 for a pair).
Little shift towards monthly disposable contact lens is expected in the next 5 years from 30% in 2007-
08 to 40% in 2012-13. The prices of lens are not expected to drop further and are expected to remain
stable. No price increase has been assumed for market sizing.
Hence, the current and future forecast of contact lens usage in India is given below:-
Contact lens usage in India 2007-08 2012-13
Contact lens users (million) 1.2 2.99
Contact lens pieces (pairs)
(million)*
5.2 16.1
Contact lens value Rs 179 crore Rs 473 crore
Source: Industry survey, IMaCS Analysis
* Contact lens pieces are high because of fair proportion of monthly disposable lens usage
The potential market for contact lens in 2012-13 is estimated at Rs. 473 crore up from Rs 179 crore in
2007-08 (E). No inflationary increase has been assumed for the price of contact lens. In volume terms,
the number of contact lens users is expected to grow from 1.2 million in 2007-08 to 2.99 million in
2012-13. On account of marginal shift from yearly contact lens to monthly disposable lens, the
number of contact lens pieces (pairs) is expected to increase from 5.2 million to 16.1 million over the
same period.
In the contact lens market in India, Bausch and Lomb is the market leader with 70 per cent market
share, followed by Johnson & Johnson Vision Care (Acuvue brand), Ciba Vision (a Novartis product)
and Silklens. The estimated import figures for Contact Lenses are as given below:-
HS Code Description
Imports
(pairs)
Imports
(in Rs crore)